Examples of Claim Date in a sentence
For each Mortgage Loan, positive escrow account balances as of the calendar day prior to the Claim Date will be accounted for on the Settlement Statement and credited towards the Settlement Date Payment due from the Purchaser on the applicable Settlement Date.
The interest rate of each Mortgage Loan, as of the Claim Date, is accurately reflected on Schedule I hereto.
The Settlement Date Payment is to be wired on the First Settlement Date prior to 2:00 p.m. ET to the account identified below: R & T Number 000000000 Bank FHLB ATL City/State Atlanta, GA To Credit FHA Single Family Account Account Number 00000000 Upon receipt of the Settlement Date Payment by HUD, HUD shall be deemed to have sold and conveyed to Purchaser, as of the applicable Claim Date for each Mortgage Loan, the Initial Assets identified as being purchased on Schedule I.
On and after the applicable Claim Date, Purchaser assumes and shall be responsible for all obligations and liabilities of HUD relating to and arising from the Associated PPC Loans.
The proceeds of the Mortgage Loan have been fully disbursed, and pursuant to the terms and conditions thereof as of the Claim Date there is no obligation on the part of HUD, nor will there be any obligation on the part of the Purchaser (or any other mortgagee), to make future advances thereunder, at the option of the Borrower or otherwise.