Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan and the related Mortgaged Property is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development), such condominium or planned unit development project meets the eligibility requirements of the applicable Agency or is located in a condominium or planned unit development project that has received project approval from the applicable Agency and the representations and warranties required by the applicable Agency with respect to such condominium or planned unit development remain true and correct in all material respects.
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Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)
Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan and loan, the related Mortgaged Property residential dwelling is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development), ) and such condominium or planned unit development project meets the eligibility requirements of the applicable Agency Xxxxxx Mae and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project that which has received Xxxxxx Mae project approval from the applicable Agency and the representations and warranties required by the applicable Agency Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all material respects.
Appears in 2 contracts
Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (Lennar Corp /New/)
Condominiums/Planned Unit Developments. If the Mortgage Loan is a condominium loan and loan, the related Mortgaged Property Premises is a condominium unit or a unit in a planned unit development (other than a de minimis planned unit development), such condominium or planned unit development project meets the eligibility requirements of the applicable Agency or Investor or is located in a condominium or planned unit development project that has received project approval from the applicable Agency or Investor and the representations and warranties required by the applicable Agency or Investor with respect to such condominium or planned unit development remain true and correct in all material respects.. (nnn)
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