Initial Transfer Date definition
Examples of Initial Transfer Date in a sentence
The Initial Transfer hereunder is subject to the conditions precedent that the Company shall have received on or before the Initial Transfer Date each of the items listed in Schedule I, each (unless otherwise indicated) dated such date, in form and substance satisfactory to the Company.
From and after each Initial Transfer Date or Sale Date, as applicable, the contents of each Mortgage File not delivered to the Owner or held by the Custodian shall be held in trust by the Servicer for the benefit of the Owner as the owner thereof.
No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Servicer of or compliance by the Servicer with this Agreement, or if required, such approval has been obtained prior to the respective Initial Transfer Date or Sale Date.
As of the Initial Transfer Date and as of any Subsequent Transfer Date, as applicable, the Seller makes the following representations and warranties on which the Issuer has relied and will rely in acquiring Transferred Intangible Transition Property.
The Seller is the sole owner of the Intangible Transition Property being sold to the Issuer on the Initial Transfer Date or Subsequent Transfer Date, as applicable; the Transferred Intangible Transition Property has been validly transferred and sold to the Issuer free and clear of all Liens other than Liens created by the Issuer pursuant to the Indenture.