Certificate Purchase Date definition

Certificate Purchase Date means the date (which shall be a Business Day) established by the Servicer pursuant to Section 4.19 of this Origination Agreement on which the Certificate Purchaser purchases a GNMA Certificate, Xxxxxx Xxx Security or Xxxxxxx Mac Security pursuant to the Servicing Agreement.
Certificate Purchase Date means the date the Local HFA purchases a GNMA Certificate, Xxxxxxx Mac Security or a Xxxxxx Xxx Security pursuant to the Servicing Agreement.

Examples of Certificate Purchase Date in a sentence

  • The Certificate Purchaser shall purchase such GNMA Certificate, Xxxxxx Mae Security or Xxxxxxx Mac Security from the Servicer on a Certificate Purchase Date as set forth in the notice of such purchase from the Servicer at a price equal to applicable MBS Purchase Percentage of the unpaid principal balance of the Mortgage Loans comprising the Pool backing such GNMA Certificate, Xxxxxx Mae Security and Xxxxxxx Mac Security, respectively, plus accrued interest thereon.


More Definitions of Certificate Purchase Date

Certificate Purchase Date. The Distribution Date occurring in March 2005.
Certificate Purchase Date. September 25, 2005 or, if such day is not a Business Day, the next succeeding Business Day.
Certificate Purchase Date means, with respect to a 2022 A Mortgage Certificate, the date of purchase