Eligible Mortgage Loans. Based upon the representation of the Seller in the Mortgage Loan Purchase and Servicing Agreement, each Mortgage Loan purchased by the Issuer is an Eligible Loan.
Eligible Mortgage Loans. As to each Mortgage Loan that is a Purchased Loan subject to any Transaction outstanding on a Purchase Date (and the related Mortgage, Mortgage Note, Assignment of Mortgage and Mortgaged Property), the Seller shall be deemed to make the following representations and warranties to the Buyer as of such date and at all times a Purchased Loan is subject to a Transaction. With respect to any representations and warranties made to the best of the Seller’s knowledge, in the event that it is discovered that the circumstances with respect to the related Mortgage Loan are not accurately reflected in such representation and warranty notwithstanding that such representation and warranty is made to the best of the Seller’s knowledge, such Mortgage Loan shall be assigned a Recognized Value of zero. Certain defined terms used herein and not otherwise defined in the Repurchase Agreement appear in Part II to this Schedule 1:
Eligible Mortgage Loans. As to each Mortgage Loan included in the Borrowing Base on a Funding Date (and the related Mortgage, Mortgage Note, Assignment of Mortgage, Collateral Assignment and Mortgaged Property), the Borrower shall be deemed to make the following representations and warranties to the Agent as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part II to this Annex Two):
Eligible Mortgage Loans. Each Mortgage Loan is an Eligible Mortgage Loan.
Eligible Mortgage Loans. Each Mortgage Loan transferred hereunder and pursuant to the related Supplemental Conveyance is an Eligible Mortgage Loan as of the related Purchase Date.
Eligible Mortgage Loans. Eligible Mortgage Loans are loans which satisfy all of the requirements contained in the Manual and the product profile for the particular Eligible Mortgage Loan shown on the Commitment.
Eligible Mortgage Loans. On any date of determination of the Borrowing Base or the Collateral Amount, any Mortgage Loan owned by a Borrower that satisfies the following criteria and is reflected in the most recent Borrowing Base and Collateral Amount Certificate delivered to Collateral Agent and Administrative Agent shall be an "Eligible Mortgage Loan" for the purposes of this Agreement. On any date of determination of the Borrowing Base or the Collateral Amount, an Eligible Mortgage Loan must satisfy the following criteria: residential property;
Eligible Mortgage Loans. Only Mortgage Loans which are secured by Mortgages placed on existing one-to-four family dwellings originated, processed and closed by Mortgage Company and/or its agents will be considered for purchase by Horizon Bank pursuant to the terms of this Agreement.
Eligible Mortgage Loans. As to each Eligible Mortgage Loan included in the Borrowing Base on a Funding Date (and the related Mortgage, Mortgage Note, Assignment of Mortgage and Mortgaged Property), the Borrower shall be deemed to make the following representations and warranties to the Lender as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part III to this Schedule 1, except as otherwise set forth on an Officer's Certificate (as defined in the Custodial Agreement) delivered on or prior to Funding Date or otherwise disclosed in writing to the Lender.
Eligible Mortgage Loans. As to each residential Mortgage Loan purchased by Buyer on a Purchase Date (and the related Mortgage, Mortgage Note, Assignment of Mortgage and Mortgaged Property), the Seller shall be deemed to make the following representations and warranties to the Buyer as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Repurchase Agreement appearing in Part III to this Exhibit II). With respect to any representations and warranties made to the best of any Seller's knowledge, in the event that it is discovered that the circumstances with respect to the related Mortgage Loan are not accurately reflected in such representation and warranty notwithstanding the knowledge or lack of knowledge of such Seller, then, notwithstanding that such representation and warranty is made to the best of such Seller's knowledge, such Mortgage Loan shall be assigned a Collateral Value of zero:
