Aging Limit definition
Aging Limit shall have the meaning specified in the Pricing Letter.
Aging Limit means (a) [***] following the Purchase Date for Mortgage Loans other than Aged Mortgage Loans, and (b) [***] following the Purchase Date for Aged Mortgage Loans.
Aging Limit has the meaning assigned to such term in the Pricing Side Letter.
Examples of Aging Limit in a sentence
Such Purchased Mortgage Loan has not been subject to a Transaction hereunder for more than the applicable Aging Limit.
Such Mortgage Loan has not been subject to a Transaction hereunder for more than the applicable Aging Limit.
For each Purchased Asset which exceeds the Concentration Limit for the related Approved Mortgage Product or which exceeds the Aging Limit, Seller shall pay to Buyer in immediately available funds a non-refundable Exception Fee equal to [***].
More Definitions of Aging Limit
Aging Limit means with respect to Aged Loans, other than Jumbo Mortgage Loans, 90 days, and with respect to Aged Loans that are Jumbo Mortgage Loans, 180 days.
Aging Limit means (a) 60 days following the Purchase Date for Mortgage Loans other than Aged Mortgage Loans, and (b) 90 days following the Purchase Date for Aged Mortgage Loans.
Aging Limit means, (i) with respect to Purchased Mortgage Loans other than Aged Loans, 30 days and (ii) with respect to Purchased Mortgage Loans that are Aged Loans, 60 days.
Aging Limit shall have the meaning specified in the Schedule of Facility Information.
Aging Limit means the aging limit listed opposite the type of Mortgage Loan in the table below:
Aging Limit. With respect to each Purchased Asset, the “Aging Limit” specified for the applicable assets, as described on Exhibit A-1 hereto.
Aging Limit means, with respect to Aged Loans, 90 days.