Common use of Delivery of Mortgage Notes Clause in Contracts

Delivery of Mortgage Notes. With the exception of Wet Funded Loans, the Mortgage Note endorsed in blank or to the Purchaser required to be delivered for the Eligible Loan by the Seller or the Servicer (on behalf of the Additional Seller), as applicable, under the Custodial Agreement has been delivered to the Custodian on or prior to Closing Date. With respect to Wet Funded Loans, the Mortgage Note will be delivered as soon as practicable, but in no event later than 21 days from the Closing Date.

Appears in 2 contracts

Samples: Mortgage Loan Purchase and Servicing Agreement (PHH Corp), Administration Agreement (PHH Corp)

AutoNDA by SimpleDocs

Delivery of Mortgage Notes. With the exception of Wet Funded Loans, the Mortgage Note endorsed in blank or to the Purchaser Administrative Agent (on behalf of the Owners) required to be delivered for the Eligible Loan by the Seller or the Servicer (on behalf of the Additional Seller), as applicable, under the Custodial Agreement has been delivered to the Custodian on or prior to Closing Date. With respect to Wet Funded Loans, the Mortgage Note will be delivered as soon as practicable, but in no event later than 21 30 days from the Closing Date.

Appears in 2 contracts

Samples: Repurchase and Servicing Agreement (PHH Corp), Repurchase and Servicing Agreement (PHH Corp)

AutoNDA by SimpleDocs

Delivery of Mortgage Notes. With the exception of Wet Funded Loans, the Mortgage Note endorsed in blank or to Agent (on behalf of the Purchaser Principals) required to be delivered for the Eligible Mortgage Loan by the Seller or the Servicer (on behalf of the Additional Seller), as applicable, under the Custodial Agreement has been delivered to the Custodian on or prior to Closing Purchase Date. With respect to Wet Funded Loans, the Mortgage Note will be delivered as soon as practicable, but in no event later than 21 30 days from the Closing Purchase Date.

Appears in 1 contract

Samples: Master Repurchase Agreement (PHH Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.