Amendments to the Origination Agreement Sample Clauses

Amendments to the Origination Agreement. The Origination Agreement is hereby amended as follows: (a) Section 1(a). Section 1(a) of the Origination Agreement is amended by deleting the terms “Alternative Loans” and “Mortgage Loans” in their entirety and replacing such terms with the following:
Sample 1
AutoNDA by SimpleDocs
Amendments to the Origination Agreement. The Origination Agreement is hereby amended as follows:
Sample 1
Amendments to the Origination Agreement. The Origination Agreement is hereby amended as follows: (a) Section 1(a). Section 1(a) of the Origination Agreement is amended by deleting the terms “Alternative Loans” and “Mortgage Loans” in their entirety and replacing such terms with the following: “Alternative Loans” shall mean any of the types of Mortgage Loans listed on Schedule 1 hereto, as the same may be amended from time to time by written agreement between MLCC and Cendant. “Mortgage Loan” means a domestic, consumer purpose, one-to-four-family (including cooperatives and condominiums) residential purchase money or refinance closed-ended mortgage loan or open-ended mortgage loan. The term “Mortgage Loan” as used herein shall include, but not be limited to, Conforming Conventional Mortgage Loans, Jumbo/Non-Conforming Mortgage Loans, PrimeFirst® Loans, Construction Loans, Equity Access Loans, Three Year ARMs, and Five Year ARMs. This definition is subject to the terms of Section 1(d). Section 1(a) of the Origination Agreement is further amended by adding, in alphabetical order, the following defined terms: “Five Year ARMs” means an adjustable rate Mortgage Loan for which the interest rate is fixed for the first five (5) years thereof.
Sample 1
Amendments to the Origination Agreement. The Origination Agreement is hereby amended as follows: (a)Section 1 (a). The following definition is added in alphabetical order to Section 1(a): “Permitted Amount” means, with respect to a Mortgage Loan closing in a particular State or District of the United States, the amount set forth on Exhibit G hereto for such State or District.
Sample 1
Amendments to the Origination Agreement. The Origination Agreement is hereby amended as follows: (a)Section 1(a). The following definitions are added in alphabetical order to Section 1(a): “Landscape Underwriting Guidelines” means the underwriting guidelines attached hereto as Exhibit H. “Non-Alternative Mortgage Loan” means any Mortgage Loan that is not an Alternative Loan. (b)Section 2(a). Section 2(a) is amended by deleting the second sentence of such section and replacing it in its entirety with the following text: “PHH shall be responsible for developing the various Mortgage Loan Types and establishing the Mortgage Loan Pricing for all Conforming Conventional Mortgage Loans, Jumbo/Non-Conforming Mortgage Loans and any Mortgage Loans originated under the Landscape Underwriting Guidelines (“PHH Pricing”).” (c)Section 6(b). Section 6(b) is amended by deleting the text thereof in its entirety and replacing it with the following text: “Mortgage Loans originated under this Agreement shall be underwritten in accordance with either (i) the “MLCC Underwriting Guidelines” which are attached hereto as Exhibit E and made a part hereof or (ii) with respect to any Non-Alternative Mortgage Loan, in accordance with the Landscape Underwriting Guidelines which are attached hereto as Exhibit H and made a part hereof provided that such guidelines themselves contemplate the underwriting of the applicable type of Non-Alternative Mortgage Loan, as each set of guidelines may be amended from time to time by mutual agreement of MLCC and PHH, and which each set of guidelines shall comply, in the case of Conforming Conventional Mortgage Loans, with the standards of FNMA, FHLMC and, in the case of other Mortgage Loans, other applicable federal agencies and investors, as applicable, providing standards for the underwriting of mortgage loans eligible for sale in the secondary market (the guidelines referred to above in clauses (i) and (ii) are referred to herein, collectively, as the “MLCC Underwriting Guidelines”). PHH may not underwrite any Alternative Loan utilizing the Landscape Underwriting Guidelines. To the extent that the “MLCC Underwriting Guidelines” attached hereto as Exhibit E are amended by mutual agreement of the parties after the Effective Date, and such amendments are requested by MLCC yet not required by Applicable Requirements (as if such definition did not contain clause (vii)), [* * *] incurred by PHH with respect to its performance of the Origination Services hereunder which are caused by such change ...
Sample 1

Related to Amendments to the Origination Agreement

  • Amendments to the Original Agreement (a) of the Original Agreement is hereby deleted and replaced in its entirety to read as follows:

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendments to the Purchase Agreement (a) Section 1.6 of the Purchase Agreement is hereby amended and restated in its entirety as follows:

  • Amendments to Original Agreement The Original Agreement is hereby amended as follows: (a) Article 1 is hereby amended to add the following definitions are added in the correct alphabetical location:

  • Amendments to the Agreement Except to the extent permitted by the Investment Company Act or the rules or regulations thereunder or pursuant to exemptive relief granted by the SEC, this Agreement may be amended by the parties only if such amendment, if material, is specifically approved by the vote of a majority of the outstanding voting securities of the Portfolio (unless such approval is not required by Section 15 of the Investment Company Act as interpreted by the SEC or its staff or unless the SEC has granted an exemption from such approval requirement) and by the vote of a majority of the Independent Trustees cast in person at a meeting called for the purpose of voting on such approval. The required shareholder approval shall be effective with respect to the Portfolio if a majority of the outstanding voting securities of the Portfolio vote to approve the amendment, notwithstanding that the amendment may not have been approved by a majority of the outstanding voting securities of any other Portfolio affected by the amendment or all the Portfolios of the Trust.

  • AMENDMENTS TO THE CONTRACT This Contract shall not be altered, amended, or modified by oral representation made before or after the execution of this Contract. All amendments or changes of any kind must be in writing, executed by all Parties.

  • Amendments to Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendments to this Subadvisory Agreement This Subadvisory Agreement may be amended by mutual agreement in writing, subject to approval by the Board of Trustees of the Trust and the Fund’s shareholders to the extent required by the Act.

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be amended as follows: (a) Section 1.02 of the Original Credit Agreement shall be amended by adding the following definitions in appropriate alphabetical order:

  • Amendments to Note Purchase Agreement Subject to the satisfaction of the conditions precedent set forth herein and in reliance on the representations, warranties and covenants of the Companies set forth herein and in the Note Purchase Agreement, each party hereto hereby agrees that the Note Purchase Agreement be and hereby is, amended as follows:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!