Common use of Handbook Clause in Contracts

Handbook. The guide prepared by Buyer containing additional policies and procedures, as same may be amended from time to time. Haircut: With respect to each Transaction, if the Purchase Price is less than par, an amount equal to the difference between par and the Purchase Price, which shall be considered a “settlement payment” as defined in Bankruptcy Code Section 741(8).

Handbook. The guide prepared by Buyer containing additional policies and procedures, as same may be amended from time to time. Haircut: With respect to each Transaction, if the Purchase Price is less than par, an amount equal to the difference between par the Purchase Price and the Purchase PriceAsset Value of the Purchased Mortgage Loan, which shall be considered a “settlement payment” as defined in Bankruptcy Code Section 741(8).