Broker Strip definition

Broker Strip. With respect to each Broker Strip Loan, the right to receive interest accrued on the principal balance of such Mortgage Loan at the Broker Strip Rate for such Mortgage Loan.
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Broker Strip means the per annum rate set forth on Schedule IX with respect to each Broker Strip Loan.
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Broker Strip. The strip relating to the Broker Strip Loans set forth on Exhibit Q hereto.
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Examples of Broker Strip in a sentence

  • The Broker Strip Payees to whom the Broker Strip is payable are hereby designated as owning undivided beneficial interests in the Broker Strip payable on the Mortgage Loans and the REO Loans and proceeds thereof.

  • As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of all of the Trust Mortgage Loans (exclusive of the Broker Strip, the Excess Servicing Strip and that portion of the interest payments on the Trust Mortgage Loans that constitutes Additional Interest) and certain other related assets subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I".

  • In respect of each Broker Strip Loan, the applicable Master Servicer shall, on a monthly basis, by the last day of the month following the month in which the applicable Master Servicer collected any related Broker Strip Interest, remit to the applicable Broker Strip Payee the amount of the Broker Strip Interest so collected.

  • VIII-1 Schedule IX Broker Strip Schedule...........................................Sch.

  • III-1 Schedule IV Broker Strip Schedule...............................................................

  • Broker Strip Loans Q Section 1.01 Definition of "Broker Strip" POOLING AND SERVICING AGREEMENT This Pooling and Servicing Agreement (this "Agreement") is dated and effective as of November 1, 2003, among XXXXXXX XXXXX MORTGAGE INVESTORS, INC., as Depositor, KEYCORP REAL ESTATE CAPITAL MARKETS, INC., as Master Servicer, ARCAP SERVICING, INC., as Special Servicer, LASALLE BANK NATIONAL ASSOCIATION, as Trustee, and ABN AMRO BANK N.V., as Fiscal Agent.

  • III-1 Schedule IV Broker Strip Schedule..................................................................Sch.

  • VIII-1 Schedule IX Broker Strip Schedule.............................Sch.

Related to Broker Strip

  • Broker-Dealer Subsidiary means any Subsidiary that is registered as a broker-dealer under the Exchange Act or any other applicable law requiring similar registration.

  • Broker means any person engaged in the business of effecting transactions in securities for the account of others.

  • Broker-Dealer Agreement means each agreement between the Auction Agent and a Broker-Dealer substantially in the form attached hereto as Exhibit A.

  • Broker-Dealer Any broker or dealer registered under the Exchange Act.

  • Broker Fee shall have the meaning ascribed to such term in Section 2(b)(v).

  • Restricted Broker-Dealer Any Broker-Dealer which holds Broker-Dealer Transfer Restricted Securities.

  • Broker Dealer of Record means GWM Limited or any successor or replacement thereto or any other entity appointed as broker dealer of record in accordance with the terms of the Broker Dealer of Record Agreement.

  • Participating Broker-Dealers shall have the meaning set forth in Section 4(a) hereof.

  • Market Maker means a broker or dealer permitted by the SEHK to act as such by making a market for the Units in the secondary market on the SEHK.

  • Participating Broker-Dealer has the meaning set forth in the Registration Rights Agreement.

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Primary Residence means an Insured’s fixed, permanent and main home for legal and tax purposes.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Market Making means the continuous tender of two-way quotes by a Market Maker i.e. Bid Price and Offer Price for the purchase and sale of the equity securities of GC;

  • Designated Affiliate means the affiliates of the Corporation designated by the Committee for purposes of the Plan from time to time;

  • Brokerage means the provision by a third party of services, for a fee, to source Sub-Contractors to provide the Services on behalf of the Provider.

  • designated airline means an airline designated and authorized in accordance with Article 3 of this Agreement;

  • Forward Hedge Selling Commission means, for any Forward Contract, the product of (x) the Forward Hedge Selling Commission Rate for such Forward Contract and (y) the Volume-Weighted Hedge Price.

  • Participating means an employee is currently earning service credit in the system as provided in KRS 61.543;

  • Forward Hedge Selling Period means, subject to Section 2(c) hereof, the period of one to 20 consecutive Trading Days (as determined by the Company in the Company’s sole discretion and specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) specifying that it relates to a “Forward”) beginning on the date specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable) or, if such date is not a Trading Day, the next Trading Day following such date and ending on the last such Trading Day or such earlier date on which the Forward Seller shall have completed the sale of Forward Hedge Securities in connection with the applicable Forward; provided that if, prior to the scheduled end of any Forward Hedge Selling Period (x) any event occurs that would permit the Forward Purchaser to designate a “Scheduled Trading Day” as an “Early Valuation Date” (as each such term is defined in the Master Forward Confirmation) under, and pursuant to the provisions opposite the caption “Early Valuation” in Section 2 of the Master Forward Confirmation or (y) a “Bankruptcy Termination Event” (as such term is defined in the Master Forward Confirmation) occurs, then the Forward Hedge Selling Period shall, upon the Forward Seller becoming aware of such occurrence, immediately terminate as of the first such occurrence. Any Forward Hedge Selling Period then in effect shall immediately terminate upon the termination of this Agreement pursuant to Section 9 or Section 13 hereof and as set forth in Sections 2(b) and 4 hereof.