Common use of Condominiums/Planned Unit Developments Clause in Contracts

Condominiums/Planned Unit Developments. If the Residential Dwelling on the 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 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 which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects;

Appears in 9 contracts

Samples: Master Repurchase Agreement (WMC Finance Co), Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp)

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Condominiums/Planned Unit Developments. If the Residential Dwelling residential dwelling on the 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 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 which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects;.

Appears in 4 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Condominiums/Planned Unit Developments. If the Residential Dwelling residential dwelling on the 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 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 which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects;

Appears in 2 contracts

Samples: Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (Homebanc Corp)

Condominiums/Planned Unit Developments. If the Residential Dwelling on the Mortgaged Property is a condominium, the related 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 Xxxxxx Mae Xxx and Xxxxxxx Freddie Mac including Xxxxxx Mae Xxx eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which has received Xxxxxx Mae Xxx project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects;. (rrr)

Appears in 1 contract

Samples: Altisource Asset Management Corp

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Condominiums/Planned Unit Developments. If the Residential Dwelling on the 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 Xxxxxx Mae Xxx and Xxxxxxx Mac including Xxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx or is located in a condominium or planned unit development project which has received Xxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects;

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

Condominiums/Planned Unit Developments. If the Residential Dwelling on the 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 Xxxxxx Fxxxxx Mae and Xxxxxxx Fxxxxxx Mac including Xxxxxx Fxxxxx Mae eligibility requirements for sale to Xxxxxx Xxx Fxxxxx Mxx or is located in a condominium or planned unit development project which has received Xxxxxx Fxxxxx Mae project approval and the representations and warranties required by Xxxxxx Xxx Fxxxxx Mxx with respect to such condominium or planned unit development have been made and remain true and correct in all respects;

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

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