This new s out of Borrower at the time of the fresh new date hereof is actually listed to the

This new s out of Borrower at the time of the fresh new date hereof is actually listed to the

UCC

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means as to any Person, the chief executive officer or, with respect to financial matters, the chief financial officer or treasurer of such Person. Schedule step three hereto.

Upkeep Contracts means those servicing agreements described on Plan dos attached hereto, as amended from time to time, to which Lender is a party, pursuant to which Lender acts as the servicer of portfolios of Mortgage Loans or specified Mortgage Loans, and with respect to Repair Legal rights, in the case of each Servicing Contract between Borrower and an Agency, subject to an Acknowledgement Agreement with such Agency.

Servicing Rights means all of the Lender’s rights and interests under any Servicing Contract, including the rights to (a) service the Mortgage Loans that are the subject matter of such Servicing Contract and (b) be compensated, directly or indirectly, for doing so.

Subordinated Personal debt means, Indebtedness of Borrower (i) which is unsecured, (ii) of which no part of the principal of such Indebtedness is required to be paid (whether by way of mandatory sinking fund, mandatory redemption, mandatory prepayment or otherwise) prior to the date which is one year following the Cancellation Go out and (iii) of which the payment of the principal of and interest on such Indebtedness and other obligations of Borrower in respect of such Indebtedness are subordinated to (x) the prior payment in full of the principal of and interest (including post-petition obligations) on the Loan Advances and (y) all other obligations and liabilities of Borrower to Lender hereunder, in all cases, on terms and conditions approved in writing by Lender and all other terms and conditions of which are satisfactory in form and substance to Lender.

Part means, with respect to any Person, any corporation, partnership or other entity of which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, partnership or other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by reason of the happening of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person.

Termination Date means the earliest of (a) ; and (b) the Obligations having become immediately due and payable pursuant to Section 7.03 of the Loan Agreement.

In control Administrator

Uniform Industrial Password or means the Uniform Commercial Code as in effect on the date hereof in the State of New York or the Uniform Commercial Code as in effect in the applicable jurisdiction.

Section 1.02 Almost every other Laid out Words. (a) The words hereof, herein and hereunder and loans in Pine Level words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless otherwise specified herein, the term or has the inclusive meaning represented by the term and/or and the term including is not limiting. All references to Sections, subsections, Articles and Exhibits shall be to Sections, subsections, and Articles of, and Exhibits to, this Agreement unless otherwise specifically provided.

(b) Regarding the calculation from time period out-of a designated date so you can a later given big date, until if you don’t given here the language getting started on the imply starting on and in addition to, the definition of from form off and you will and additionally and also the terms and conditions to and you can until for each setting so you’re able to but leaving out.

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