Purchased Asset Documents definition

Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.

Purchased Asset Documents. Individually or collectively, as the context may require, the related Mortgage Loan Documents and/or the related Senior Interest Documents.

Purchased Asset Documents means, with respect to a Purchased Asset, the documents specified in Schedule 2.

Examples of Purchased Asset Documents in a sentence

• Each Seller has complied with all material requirements of the Custodial Agreement with respect to each Purchased Asset, including delivery to Custodian of all required Purchased Asset Documents.

• Upon reasonable prior notice to the applicable Seller, unless a Default or Event of Default exists, in which case no notice is required, Buyer or its representatives may during normal business hours inspect any properties and examine, inspect and make copies of the books and records of such Seller, Guarantor, Interim Servicer and Manager, the Purchased Asset Documents and the Servicing Files, except that such rights shall not apply with respect to assets other than the Purchased Assets.

• With respect to the protective security interest granted by each Seller in Section 11.01, upon the delivery of the Confirmations and the Purchased Asset Documents to Custodian, the execution and delivery of the Controlled Account Agreement and the filing of the UCC financing statements as provided herein, such security interest shall be a valid first priority perfected security interest to the extent such security interest can be perfected by possession, filing or control under the UCC.

• Each representation and warranty of either Seller set forth in the Repurchase Documents (including in Schedule 1 applicable to the Class of such Purchased Asset) and the Purchased Asset Documents with respect to each Purchased Asset is true and correct.

• Upon receipt by Custodian of each Purchased Asset Documents required to be endorsed in blank by the applicable Seller and payment by Buyer of the Purchase Price for the related Purchased Asset, Buyer shall either own such Purchased Asset and the related Purchased Asset Documents or have a valid first priority perfected security interest in such Purchased Asset Document.

More Definitions of Purchased Asset Documents

Purchased Asset Documents shall have the meaning specified in Section 7(b) of this Agreement.

Purchased Asset Documents. As described in Appendix 1 hereto Purchase Date: [ ] [ ], 20[ ] Repurchase Date: [ ] [ ], 20[ ] Purchase Price: $ Seller hereby certifies as follows, on and as of the above Purchase Date with respect to each Purchased Asset described in this Confirmation:

Purchased Asset Documents. As described in Appendix 1 hereto Future Funding Date: [ ] [ ], 20[ ] Purchase Price: $ Future Funding Amount: $ Borrower: $ Seller hereby certifies as follows, on and as of the above Future Funding Date with respect to the Purchased Asset described in this Confirmation:

Purchased Asset Documents. With respect to each Eligible Asset:

Purchased Asset Documents. As described in Appendix 1 hereto Future Funding Date: [ ] [ ], 20[ ] Outstanding principal balance prior to future advance: $ Future advance amount to Underlying Obligor: $ Outstanding principal balance after future advance: $ Purchase Price prior to Future Funding Amount: $ Purchase Price after Future Funding Amount: $ Future Funding Amount: $ Borrower: Seller hereby certifies as follows, on and as of the above Future Funding Date with respect to the Purchased Asset described in this Confirmation:

Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset until its release pursuant to Article 7(b).

Purchased Asset Documents means the documentation governing a Purchased Asset and all ancillary documents related thereto.