Examples of Bank Savings Mortgage Receivable in a sentence
In addition, in circumstances where the set-off by operation of law does not apply, there is a considerable risk that the Borrower will, or in cases where the Bank Savings Participant is also the originator, the Borrower will be entitled to set off amounts due by the Bank Savings Participant under the Bank Savings Deposit, with the relevant Bank Savings Mortgage Receivable.
On the basis of such article a Borrower can invoke set-off against the Issuer (and the Security Trustee as pledgee) if the Borrower's claim against the Seller (if any) stems from the same legal relationship as the Mortgage Receivable (such as the Borrower's right to receive payments from the Bank Savings Account stemming from the same legal relationship as the related Bank Savings Mortgage Receivable) or became due and payable before the notification.
See section 6.3 (Origination and Servicing) and section 7.5 (Servicing Agreement).Participation AgreementsUnder each Participation Agreement, the Issuer grants the relevant Participant a Participation in each relevant Savings Mortgage Receivable or Bank Savings Mortgage Receivable, as the case may be, in return for the payment by the relevant Participant of the relevant Initial Settlement Amount and Further Settlement Amounts.
As of 1 January 2014 the Bank Savings Deposit will be set-off with the relevant Bank Savings Mortgage Receivable by operation of law, if and when in respect of the Bank Savings Participant (i) the Deposit Guarantee Scheme has been instituted by DNB or (ii) bankruptcy (faillissement) has been declared, irrespective of any rights of third parties, such as the Issuer, with respect to the Bank Savings Mortgage Receivable.
Response: This policy calls upon the County to implement strategies that make the site attractive for private development.
On the basis of such provision a Borrower can invoke set-off against the Issuer (and the Security Trustee as pledgee) if the Borrower's claim against the Seller (if any) stems from the same legal relationship as the Mortgage Receivable (such as the Borrower's right to receive payments from the Bank Savings Account stemming from the same legal relationship as the related Bank Savings Mortgage Receivable) or became due and payable before the notification.
As of 1 January 2014 the Bank Savings Deposit will be set-off with the relevant Bank Savings Mortgage Receivable by operation of law, if and when in respect of the Bank Savings Participant (i) the Deposit Guarantee Scheme has been instituted by DNB or (ii) bankruptcy (faillissement) has been declared, irrespective of any rights of third parties, such as the Issuer, with respect to the Bank Savings Mortgage 58Receivable.
If the Issuer is no longer able to meet its obligations in respect of the relevant Bank Savings Account plus, if applicable, the Bank Savings Bonus Amount, for example as a result of bankruptcy, this could result in the balance standing to the credit of the relevant Bank Savings Account either not, or only partly, being available for application in reduction of the Bank Savings Mortgage Receivable.
The category of “Other” includes occupations such as service workers.
See section 6.3 (Origination and Servicing) and section 7.5 (Servicing Agreement).Under the Participation Agreement, the Issuer grants the Participant a Participation in each relevant Bank Savings Mortgage Receivable in return for the payment by the Participant of the relevant Initial Settlement Amount and Further Settlement Amounts.In return, the Participant will be entitled to receive from the Issuer the relevant Participation Redemption Available Amount.