Additional Purchased Mortgage Loans definition

Additional Purchased Mortgage Loans means Mortgage Loans or cash provided by the Seller to Buyer or its designee pursuant to Section 4 of this Repurchase Agreement.

Additional Purchased Mortgage Loans has the meaning assigned thereto in Section 7(b) hereof.

Additional Purchased Mortgage Loans. Mortgage Loans provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

Examples of Additional Purchased Mortgage Loans in a sentence

• This Agreement supersedes and integrates all previous negotiations, contracts, agreements and understandings between the parties relating to a sale and repurchase of Purchased Assets and Additional Purchased Mortgage Loans, and it, together with the other Program Documents, and the other documents delivered pursuant hereto or thereto, contains the entire final agreement of the parties.

• This Agreement supersedes and integrates all previous negotiations, contracts, agreements and understandings among the parties relating to a sale and repurchase of Purchased Assets and Additional Purchased Mortgage Loans, and it, together with the other Program Documents, and the other documents delivered pursuant hereto or thereto, contains the entire final agreement of the parties.

• Purchaser may set off cash, the proceeds of the liquidation of the Purchased Assets and Additional Purchased Mortgage Loans and all other sums or obligations owed by Purchaser to Seller or against all of Seller’s Obligations to Purchaser, or Seller’s obligations to Purchaser under any other agreement between the parties, or otherwise, whether or not such obligations are then due, without prejudice to Purchaser’s right to recover any deficiency.

• In the event the Agent delivers a Margin Call to Seller after 11:00 a.m. (New York City time) on any Business Day, Seller shall be required to transfer cash or Additional Purchased Mortgage Loans no later than 12:00 noon (New York City time) on the next succeeding Business Day.

• If Buyer delivers a Margin Call to the Seller on or prior to 9:30 a.m. (New York City time) on any Business Day, then the Seller shall transfer cash or Additional Purchased Mortgage Loans to Buyer no later than 5 p.m. (New York City time) that day.

More Definitions of Additional Purchased Mortgage Loans

Additional Purchased Mortgage Loans shall have the meaning set forth in Section 5 hereof.

Additional Purchased Mortgage Loans. Those additional Mortgage Loans or cash provided by Seller to Buyer pursuant to Section 6.3 of this Agreement.

Additional Purchased Mortgage Loans means Mortgage Loans provided by a Seller to Buyer pursuant to Section 4(a).

Additional Purchased Mortgage Loans shall have the meaning specified in Section 4. “Affiliate” shall mean with respect to any Person, any “affiliate” of such Person, as such term is defined in the Bankruptcy Code; provided, however, that with respect to Seller, it shall mean any of Seller’s Subsidiaries other than BNC Mortgage, LLC.

Additional Purchased Mortgage Loans means Mortgage Loans provided by Seller to Buyer pursuant to Paragraph 4(a). “Affiliate” means, as to a specified Person, any other Person (a) that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with the specified Person; (b) that is a director, manager, trustee, general partner or executive officer of the specified Person or serves in a similar capacity in respect of the specified Person; (c) that, directly or indirectly through one or more intermediaries, is the beneficial owner of ten percent (10%) or more of any class of equity securities of the specified Person; or (d) of which the specified Person is directly or indirectly the owner of ten percent (10%) or more of any class of equity securities (or equivalent equity interests). “Agency” (and, with respect to two or more of the following, “Agencies”) means FHA, Xxxxxx Xxx, Xxxxxx Xxx, Freddie Mac, RHS or VA. “Agency Guidelines” means those requirements, standards and procedures which may be adopted by the Agencies from time to time with respect to their purchase or guaranty of residential mortgage loans, which requirements govern the Agencies’ willingness to purchase or guaranty such loans. “Aggregate Purchase Price” means, at any time, the sum of the Purchase Prices paid by Buyer for all Purchased Mortgage Loans that are subject to Transactions outstanding at that time. “Agreement” means this Master Repurchase Agreement (including the supplemental terms or conditions contained in the Terms Annex and in the Exhibits to this Agreement), as supplemented, amended or restated from time to time. “Approved Takeout Investor” means any of (i) Xxxxxx Xxx, Freddie Mac and any of the other entities listed on Schedule I, as such schedule is updated from time to time by Buyer, in its sole discretion, with written notice to Seller; (ii) NexBank, or (iii) an entity which is acceptable to Buyer, as indicated by Buyer to Seller in writing; provided that, notwithstanding the foregoing, any entity described in the foregoing clauses (i) or (iii) that fails to perform any of its obligations under its Takeout Agreement shall cease to be an Approved Takeout Investor upon such failure. “Assignment of Mortgage” means an assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to effect the transfer of the Mortgage to the party indicat...

Additional Purchased Mortgage Loans shall have the meaning set forth in Paragraph 4(a) hereof.

Additional Purchased Mortgage Loans means Mortgage Loans provided by Seller to Buyer pursuant to Section 4(a). “Adjusted Leverage Ratio” is defined in the Side Letter.