Ineligible Loan. The Seller shall promptly, and in any event not later than the next Guarantor LP Payment Date, notify the Purchaser, the Servicer and Cash Manager (in each case if other than the Seller) and the Bond Trustee after determining that any Purchased Loan was not an Eligible Loan on the applicable Purchase Date for such Purchased Loan.
Appears in 3 contracts
Samples: Mortgage Sale Agreement (RBC Covered Bond Guarantor Limited Partnership), Mortgage Sale Agreement (RBC Covered Bond Guarantor Limited Partnership), Mortgage Sale Agreement
Ineligible Loan. The Seller shall promptly, and in any event not later than the next Guarantor LP Payment Date, notify the Purchaser, the Servicer and Cash Manager (in each case if other than the Seller) and the Bond Trustee after determining that any Purchased Loan was did not an Eligible Loan meet the Eligibility Criteria on the date of the initial purchase or the applicable Purchase Date Date, as the case may be, for such Purchased Loan.
Appears in 2 contracts
Samples: Subservicing Agreement, Hypothecary Loan Sale Agreement
Ineligible Loan. The Seller shall promptly, and in any event not later than the next Guarantor LP Payment Date, notify the Purchaser, the Servicer and Cash Manager (in each case if other than the Seller) and the Bond Trustee after determining that any Purchased Loan was did not an Eligible Loan meet the Eligibility Criteria on the applicable Purchase Date for such Purchased Loan.
Appears in 1 contract
Samples: Mortgage Sale Agreement
