Common use of Original Principal Balance Clause in Contracts

Original Principal Balance. Notwithstanding any other provision of this Commitment, the Seller shall not deliver a Flex Qualified Loan to Xxxxxx Mac for sale if the original principal balance of such Qualified Loan does not meet Xxxxxx Mac’s maximum dollar purchase limitations, in effect as of the Delivery Date, for the purchase of similar Qualified Loans, determined in accordance with the Charter Act.

Appears in 2 contracts

Samples: Long Term Standby Commitment to Purchase (Federal Agricultural Mortgage Corp), Long Term Standby Commitment to Purchase (National Rural Utilities Cooperative Finance Corp /Dc/)

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Original Principal Balance. Notwithstanding any other provision of this Commitment, the Seller shall not deliver a Flex Tier II or Tier III Qualified Loan to Xxxxxx Mac for sale if the original principal balance of such Qualified Loan does not meet Xxxxxx Mac’s maximum dollar purchase limitations, in effect as of the Delivery Date, for the purchase of similar Qualified Loans, determined in accordance with the Charter Act.

Appears in 2 contracts

Samples: Long Term Standby Commitment to Purchase (Federal Agricultural Mortgage Corp), Long Term Standby Commitment to Purchase (Federal Agricultural Mortgage Corp)

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Original Principal Balance. Notwithstanding any other provision of this Commitment, the Seller shall not deliver a Flex Tier II or Tier III Qualified Loan to Xxxxxx Mac for sale if the original principal balance of such Qualified Loan does not meet Xxxxxx Mac’s 's maximum dollar purchase limitations, in effect as of the Delivery Date, for the purchase of similar Qualified Loans, determined in accordance with the Charter Act.

Appears in 1 contract

Samples: Long Term Standby Commitment to Purchase (Federal Agricultural Mortgage Corp)

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