Asset Data Record definition

Asset Data Record. A document containing the information set forth on Buyer’s website(s), which may be amended, supplemented and modified from time to time as further set forth in the Handbook or such other information as Buyer may reasonably request from time to time, completed by Seller and submitted to Buyer with respect to each Purchased Asset.

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Asset Data Record. A document, in the form required by Buyer and as may from time to time be amended by Buyer, as such form may be set forth in the Handbook, completed by Seller and submitted to Buyer with respect to each Purchased Mortgage Loan.

Asset Data Record. A document completed by Seller and submitted to Buyer with respect to each Purchased Asset, containing, (a) with respect to each Purchased Mortgage Loan, the full legal name of any Approved Seller/Originator that originated the Related Mortgage Loan with respect to such Purchased Mortgage Loan and, to the extent available to Seller, the loan number assigned by such Approved Seller/Originator to the Related Mortgage Loan with respect to such Purchased Mortgage Loan, (b) with respect to each Purchased Mortgage Loan, a code indicating whether such Purchased Mortgage Loan is a (i) Servicing Released Loan, (ii) an Investment Property Loan, (iii) a ▇▇▇▇▇▇ ▇▇▇ Mortgage Loan, (iv) a ▇▇▇▇▇▇▇ Mac Mortgage Loan, (v) a ▇▇▇▇▇▇ ▇▇▇ PIW Loan, (vi) a ▇▇▇▇▇▇▇ Mac ACE Loan, (vii) an Interest Only Mortgage Loan, (viii) a Concentration Limit Exception Loan, and (c) the information as Buyer may reasonably request in writing from Seller from time to time.

Examples of Asset Data Record in a sentence

• By submitting an Asset Data Record hereunder, Seller shall be deemed to have represented and warranted the truthfulness and completeness of the representations and warranties set forth in Exhibit L hereto.

• Buyer shall have the right to revise or supplement the form of the Asset Data Record from time to time by giving prior notice thereof to Seller.

• Buyer will accept a funding draft upon confirmation of Seller’s compliance with the terms of this Agreement, including, without limitation, receipt by Buyer of the Asset Data Record prior to the date the funding draft was written, information contained on the funding draft is consistent with that previously provided to Buyer and the payee is an Approved Payee, as applicable.

• The information contained in the Asset Data Record is true, correct and complete.

• The substance of any such waiver, alteration or modification has been approved by the title insurer, to the extent required, and its terms are reflected in the Asset Data Record.

• Seller shall request a Transaction by delivering to Buyer, electronically or in writing, an Asset Data Record for each Mortgage Loan intended to be the subject of the Transaction no later than the Transaction Request Deadline; provided, however, that if Seller intends to request a Transaction or series of Transactions equal to or greater than ten million ($10,000,000) dollars, Seller shall provide Buyer not fewer than one (1) Business Day prior written notice thereof.

• With respect to any Purchase Price to be paid by funding draft, Seller shall not complete a funding draft until after it has submitted an Asset Data Record for the related Transaction to Buyer that includes the number of the draft that is to be used for the Purchase Price.

• By submitting a Transaction Request and an Asset Data Record hereunder, Seller shall be deemed to have represented and warranted the truthfulness, correctness and completeness of the representations and warranties set forth in Exhibit H hereto.

• Buyer shall have the right to revise or supplement the form of the Asset Data Record from time to time by giving reasonable prior notice thereof to Seller via Buyer’s website.

• With respect to any Purchase Price to be paid by funding draft, Seller shall not complete a funding draft until after it has submitted a Asset Data Record for the related Transaction to Buyer that includes the number of the draft that is to be used for the Purchase Price.

More Definitions of Asset Data Record

Asset Data Record. The data tape setting forth information regarding the Mortgage Loans intended to be sold to Borrower and subject to the Advance that is prepared by Bank of America, N.A. and delivered to Borrower in an electronic format prior to the Advance Date.

Asset Data Record. A document, containing the information as Buyer may reasonably request from time to time (but in any event to include, with respect to each Purchased Mortgage Loan, the full legal name of any Approved Originator that originated such Purchased Mortgage Loan and, to the extent available to Seller, the loan number assigned by such Approved Originator to such Purchased Mortgage Loan), completed by Seller and submitted to Buyer with respect to each Purchased Asset.

Asset Data Record. A document completed by Seller and submitted to Buyer with respect to each Purchased Asset, containing, (a) with respect to each Purchased Mortgage Loan, the full legal name of any Approved Originator that originated the Related Mortgage Loan with respect to such Purchased Mortgage Loan and, to the extent available to Seller, the loan number assigned by such Approved Originator to the Related Mortgage Loan with respect to such Purchased Mortgage Loan, and (b) the information as Buyer may reasonably request in writing from Seller from time to time, to the extent readily available and subject to confidentiality restrictions.

Asset Data Record. A document containing the information set forth on Administrative Agent’s website(s), which may be amended, supplemented and modified from time to time as further set forth in the Handbook or such other information as Administrative Agent may reasonably request from time to time, completed by Seller and submitted to Administrative Agent with respect to each Purchased Asset.