Common use of Mortgage Guaranty Commitment Clause in Contracts

Mortgage Guaranty Commitment. Certificate Attachment 1 ================================================================================ The Company hereby insures a total of 1,365 loans, identified on the attached Appendix A (individually a "Loan" or collectively the "Loans"), with an aggregate Amount of Loan Insured (for all Loans) of $167,965,116.08 as identified above. The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A. The initial and renewal premium will be non-refundable and will be payable monthly for each month coverage remains in effect. Such premiums are calculated as a per annum percentage of the premium rate per loan as specified on Appendix A applied to the scheduled principal balance of each Loan determined as of the beginning of the prior month. The quoted premium rate does not reflect premium taxes which are due and required to be paid by the insured in the states of Kentucky and West Virginia. The portfolio contains 50 loans in these states. In issuing this Commitment/Certificate for the Loans, the Company relied upon certain information and data received from Xxxxxx Brothers, Incorporated, including, but not limited to information and data contained in several Internet file transfers to the Company from Xxxxxx Brothers in 2001, and letter agreements dated April 9, 2001, April 24, 2001, May 17, 2001, June 6, 2001, and August 13, 2001 between the Company, Aurora Loan Services, and Xxxxxx Brothers, all of which will be considered part of the "Application" or "Transmittal" for insurance of the Loans. Such Internet files and letters as well as the Prior Certificates are attached to and made a part of this Commitment/Certificate. Pursuant to Section 2.7(a) of the Master Policy referred to above this Commitment/Certificate is certified and becomes effective without the Insured's execution and return of same. This Commitment/Certificate is also subject to the terms and conditions of the following Endorsements, which are applicable to all of the Loans:

Appears in 1 contract

Samples: Mortgage Guaranty Commitment/Certificate (Structured Ass Sec Cor a R Col Tr MRT Ps THR CRT Ser 01-Bc6)

AutoNDA by SimpleDocs

Mortgage Guaranty Commitment. Certificate Attachment 1 ================================================================================ ------------------------------------------------------------------------------------------------------------------------------------ The Company hereby insures a total of 1,365 544 loans, identified on the attached Appendix A (in the form of a computer diskette) (individually a "Loan" or collectively the "Loans"), with an aggregate Amount of Loan Insured (for all Loans) of $167,965,116.08 76,248,347.80 as identified above. The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A. The initial and renewal premium will be non-refundable and will be payable monthly for each month coverage remains in effect. Such premiums are calculated as a per annum percentage of the premium rate per loan as specified on Appendix A 98 basis points (0.980%) applied to the scheduled principal balance of each Loan determined as of the beginning of the prior month. The quoted premium rate does not reflect premium taxes which are due and required to be paid by the insured in the states of Kentucky and West Virginia. The portfolio contains 50 4 loans in these states. In issuing this Commitment/Certificate for the Loans, the Company relied upon certain information and data received from the Insured, and/or Xxxxxx Brothers, Incorporated, including, but not limited to information and data contained in several Internet file transfers to the Company from Xxxxxx Brothers Brothers, Incorporated in 2001February, March, and April, 2001 and a letter agreements agreement dated April 9, 2001, April 24, 2001, May 17, 2001, June 6, 2001, and August 13, 2001 between the Company, Aurora Loan Servicesthe Insured, and Xxxxxx Brothers, Incorporated, all of which will be considered part of the "Application" or "Transmittal" for insurance of the Loans. Such , such Internet files in the form of a computer diskette and letters as well as the Prior Certificates are letter being attached to and made a part of this Commitment/Certificate. Pursuant to Section 2.7(a) of the Master Policy referred to above this Commitment/Certificate is certified and becomes effective without the Insured's execution and return of same. This Commitment/Certificate is also subject to the terms and conditions of the following Endorsements, which are applicable to all of the Loans:

Appears in 1 contract

Samples: Mortgage Guaranty Commitment/Certificate (Structured Asset Securities Corp Mort Pas THR Ce Se 2001-Bc3)

Mortgage Guaranty Commitment. Certificate Attachment 1 ================================================================================ -------------------------------------------------------------------------------- The Company hereby insures a total of 1,365 854 loans, identified on the attached Appendix A (individually a "Loan" or collectively the "Loans"), with an aggregate Amount of Loan Insured (for all Loans) of $167,965,116.08 115,762,883.11 as identified above. The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A. The initial and renewal premium will be non-refundable and will be payable monthly for each month coverage remains in effect. Such premiums are calculated as a per annum percentage of the premium rate as shown per loan as specified on Appendix A A, applied to the scheduled principal balance of each Loan determined as of the beginning of the prior month. The quoted premium rate does not reflect premium taxes which are due and required to be paid by the insured in the states of Kentucky and West Virginia. The portfolio contains 50 loans some loan in these states. In issuing this Commitment/Certificate for the Loans, the Company relied upon certain information and data received from the Insured and/or Xxxxxx Brothers, Incorporated, including, but not limited to information and data contained in several Internet file transfers to the Company from Xxxxxx Brothers in 2001, July and letter agreements dated April 9, 2001, April 24, 2001, May 17, 2001, June 6August, 2001, and a letter agreement dated August 1310, 2001 2001, between the Company, Aurora Loan Servicesthe Insured, and Xxxxxx Brothers, all of which will be considered part of the "Application" or "Transmittal" for insurance of the Loans. Such , such Internet files and letters as well as the Prior Certificates are letter being attached to and made a part of this Commitment/Certificate. Pursuant to Section 2.7(a) of the Master Policy referred to above this Commitment/Certificate is certified and becomes effective without the Insured's execution and return of same. This Commitment/Certificate is also subject to the terms and conditions of the following Endorsements, which are applicable to all of the Loans:

Appears in 1 contract

Samples: Mortgage Guaranty Commitment/Certificate (Structured Asset Securities Corp Mor Pas THR Cer Se 2001-Bc5)

Mortgage Guaranty Commitment. Certificate Attachment 1 ================================================================================ The ------------------------------------------------------------------------------------------------------------------------------------ he Company hereby insures a total of 1,365 2,404 loans, identified on the attached Appendix A (individually a "Loan" or collectively the "Loans"), with an aggregate Amount of Loan Insured (for all Loans) of $167,965,116.08 362,068,163.38 as identified above. The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A. The initial and renewal premium will be non-refundable and will be payable monthly for each month coverage remains in effect. Such premiums are calculated as a per annum percentage of the premium rate per loan as specified on Appendix A 160 basis points (0.16%) applied to the scheduled principal balance of each Loan determined as of the beginning of the prior month. The quoted premium rate does not reflect premium taxes which are due and required to be paid by the insured in the states of Kentucky and West Virginia. The portfolio contains 50 13 loans in these states. In issuing this Commitment/Certificate for the Loans, the Company relied upon certain information and data received from the Insured and/or Xxxxxx Brothers, Incorporated, including, but not limited to information and data contained in several Internet file transfers to the Company from Xxxxxx Brothers in 2001, September and letter agreements dated April 9, 2001, April 24, 2001, May 17, 2001, June 6October, 2001, and August 13a letter agreement dated October 29, 2001 2001, between the Company, Aurora Loan Servicesthe Insured, and Xxxxxx Brothers, all of which will be considered part of the "Application" or "Transmittal" for insurance of the Loans. Such , such Internet files and letters as well as the Prior Certificates are letter being attached to and made a part of this Commitment/Certificate. Pursuant to Section 2.7(a) of the Master Policy referred to above this Commitment/Certificate is certified and becomes effective without the Insured's execution and return of same. This Commitment/Certificate is also subject to the terms and conditions of the following Endorsements, which are applicable to all of the Loans:

Appears in 1 contract

Samples: Mortgage Guaranty Commitment/Certificate (Structured Ass Sec Cor a R Col Tr MRT Ps THR CRT Ser 01-Bc6)

Mortgage Guaranty Commitment. Certificate Attachment 1 ================================================================================ ----------------------------------------------------------------------------------------------------------------------------------- The Company hereby insures a total of 1,365 5,271 loans, identified on the attached Appendix A (in the form of 2 computer diskettes) (individually a "Loan" or collectively the "Loans"), with an aggregate Amount of Loan Insured (for all Loans) of $167,965,116.08 642,283,079.09 as identified above. The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A. The initial and renewal premium will be non-refundable and will be payable monthly for each month coverage remains in effect. Such premiums are calculated as a per annum percentage of the premium rate per loan as specified on Appendix A 98 basis points (0.980%) applied to the scheduled principal balance of each Loan determined as of the beginning of the prior month. The quoted premium rate does not reflect premium taxes which are due and required to be paid by the insured in the states of Kentucky and West Virginia. The portfolio contains 50 42 loans in these states. In issuing this Commitment/Certificate for the Loans, the Company relied upon certain information and data received from the Insured, and/or Xxxxxx Brothers, Incorporated, including, but not limited to information and data contained in several Internet file transfers to the Company from Xxxxxx Brothers Brothers, Incorporated in 2001February, March, and April, 2001 and a letter agreements agreement dated April 9, 2001, April 24, 2001, May 17, 2001, June 6, 2001, and August 13, 2001 between the Company, Aurora Loan Servicesthe Insured, and Xxxxxx Brothers, Incorporated, all of which will be considered part of the "Application" or "Transmittal" for insurance of the Loans. Such , such Internet files in the form of a computer diskette and letters as well as the Prior Certificates are letter being attached to and made a part of this Commitment/Certificate. Pursuant to Section 2.7(a) of the Master Policy referred to above this Commitment/Certificate is certified and becomes effective without the Insured's execution and return of same. This Commitment/Certificate is also subject to the terms and conditions of the following Endorsements, which are applicable to all of the Loans:

Appears in 1 contract

Samples: Mortgage Guaranty Commitment/Certificate (Structured Asset Securities Corp Mort Pas THR Ce Se 2001-Bc3)

AutoNDA by SimpleDocs

Mortgage Guaranty Commitment. Certificate Attachment 1 ================================================================================ -------------------------------------------------------------------------------- The Company hereby insures a total of 1,365 497 loans, identified on the attached Appendix A (individually a "Loan" or collectively the "Loans"), with an aggregate Amount of Loan Insured (for all Loans) of $167,965,116.08 69,251,566.10 as identified above. The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A. The initial and renewal premium will be non-refundable and will be payable monthly for each month coverage remains in effect. Such premiums are calculated as a per annum percentage of the premium rate per loan as specified on Appendix A 135 basis points (1.35%) applied to the scheduled principal balance of each Loan determined as of the beginning of the prior month. The quoted premium rate does not reflect premium taxes which are due and required to be paid by the insured in the states of Kentucky and West Virginia. The portfolio contains 50 loans 1 loan in these states. In issuing this Commitment/Certificate for the Loans, the Company relied upon certain information and data received from the Insured and/or Xxxxxx Brothers, Incorporated, including, but not limited to information and data contained in several Internet file transfers to the Company from Xxxxxx Brothers in 2001, July and letter agreements dated April 9, 2001, April 24, 2001, May 17, 2001, June 6August, 2001, and a letter agreement dated August 1310, 2001 2001, between the Company, Aurora Loan Servicesthe Insured, and Xxxxxx Brothers, all of which will be considered part of the "Application" or "Transmittal" for insurance of the Loans. Such , such Internet files and letters as well as the Prior Certificates are letter being attached to and made a part of this Commitment/Certificate. Pursuant to Section 2.7(a) of the Master Policy referred to above this Commitment/Certificate is certified and becomes effective without the Insured's execution and return of same. This Commitment/Certificate is also subject to the terms and conditions of the following Endorsements, which are applicable to all of the Loans:

Appears in 1 contract

Samples: Mortgage Guaranty Commitment/Certificate (Structured Asset Securities Corp Mor Pas THR Cer Se 2001-Bc5)

Mortgage Guaranty Commitment. Certificate Attachment 1 ================================================================================ The Company hereby insures a total of 1,365 3223 loans, identified on the attached Appendix A (individually a "Loan" or collectively the "Loans"), with an aggregate Amount of Loan Insured (for all Loans) of $167,965,116.08 433,735,249.72 as identified above. The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A. The initial and renewal premium for each loan will be as identified on Appendix A and will be non-refundable and will be payable monthly for each month coverage remains in effect. Such premiums are calculated as a per annum percentage of the premium stated rate per loan as specified on Appendix A applied to the scheduled principal balance of each Loan determined as of the beginning of the prior month. The quoted premium rate does not reflect premium taxes which are due and required to be paid by the insured in the states of Kentucky and West Virginia. The portfolio contains 50 loans in these states. In issuing this Commitment/Certificate for the Loans, the Company relied upon certain information and data received from Xxxxxx Brothers, Incorporated, including, but not limited to information and data contained in several Internet file transfers to the Company from Xxxxxx Brothers in Brothers, Incorporated throughout 2001, and letter agreements dated April 9, 2001, April 24, 2001, and May 17, 2001, June 6, 2001, and August 13, 2001 between the Company, Xxxxxx Brothers, Incorporated and Aurora Loan Services, and Xxxxxx BrothersIncorporated, all of which will be considered part of the "Application" or "Transmittal" for insurance of the Loans. Such , such Internet files and letters as well as the Prior Certificates are being attached to and made a part of this Commitment/Certificate. Pursuant to Section 2.7(a) of the Master Policy referred to above this Commitment/Certificate is certified and becomes effective without the Insured's execution and return of same. This Commitment/Certificate is also subject to the terms and conditions of the following Endorsements, which are applicable to all of the Loans:

Appears in 1 contract

Samples: Mortgage Guaranty Commitment/Certificate (Structured Asset Securities Corp Mor Pas THR Cer Sr 2001-Bc4)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!