Closing Instruction Letter definition

Closing Instruction Letter means, with respect to any Wet-Ink Mortgage Loan that becomes subject to a Transaction, the closing instruction letter delivered by Seller to the related Settlement Agent which sets forth the procedures to be followed by such Settlement Agent in connection with the origination of such Wet-Ink Mortgage Loan, which closing instruction letter shall include, without limitation, (i) instructions that govern the execution, retention and delivery of the underlying Mortgage Loan Documents by such Settlement Agent to Seller or its designee, (ii) instructions with respect to the disbursement of funds by such Settlement Agent, and (iii) any other conditions precedent required by the Seller in connection with the origination and/or closing of such Wet-Ink Mortgage Loan.
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Closing Instruction Letter means the Closing Instruction Letter from Seller to the Authorized Funds Recipient, in a form substantially similar to the form provided in the Manual, as the same may be modified, supplemented and in effect from time to time.
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Closing Instruction Letter means with respect to each Wet Mortgage Loan which is being originated in part by the proceeds of a Closing Transaction, the instruction letter of the Seller with respect to such origination which is acknowledged by the Escrow Agent.
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Examples of Closing Instruction Letter in a sentence

  • Each Seller acknowledges Purchaser is authorized to contact any Escrow Agent or any other person who has delivered a Closing Instruction Letter in connection with any Wet Funding or Dry Funding in order to confirm the information contained in such Closing Instruction Letter.

  • The Title Insurer has advised us that when it has signed the Closing Instruction Letter and disbursed funds from the escrow account in connection with the Loan[s], the Marked Commitment will constitute the title insurance policy, effective as of the date of such disbursement, with the original title policy containing all appropriate recording information.

  • The Closing Instruction Letter is in the Approved Form, except as set forth on EXHIBIT B.

  • The Title Company is authorized, in the event any conflicting demand is made upon it concerning this Agreement, the Closing Instruction Letter or the Loan Documents, at its election, to hold any documents and/or funds deposited hereunder until an action shall be brought in a court of competent jurisdiction to determine the rights of the Seller and the Purchaser or to interplead such documents and/or funds in an action brought in any such court.

  • The parties acknowledge and agree that the deliveries contemplated by the TIAA/SP Closing Obligations, the CPPIB Closing Obligations and Parkway’s Closing Obligations may be accomplished by any delivery method expressly set forth in the Escrow Closing Instruction Letter.

  • As of each Purchase Date in respect of a Closing Transaction, (i) with respect to the Settlement Agent Wire Instructions, the related Seller received such instructions on the letterhead of the Settlement Agent and such instructions are true and correct and (ii) the related Seller has inserted the Closing Instruction Letter Insert in each Closing Instruction Letter for all Wet-Ink Mortgage Loans and Dry Fundings structured as Closing Transactions.

  • In the event that the Purchaser purchases a Loan from the Seller after the Funding Date for such Loan, the Title Company hereby agrees to record or file, as applicable, the related Transfer Documents in accordance with the terms and conditions set forth in the related Closing Instruction Letter upon receipt of the same from the Bailee.

  • As of the Purchase Date with respect to each Wet Loan, the Settlement Agent has been provided a Closing Instruction Letter.


More Definitions of Closing Instruction Letter

Closing Instruction Letter means joint escrow instructions signed by Borrower, Lender and Title Company, with respect to disbursement of Loan proceeds, the funds provided by Borrower, title matters and other escrow matters as Lender shall elect in its discretion.
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Closing Instruction Letter means, with respect to any Wet Loan that becomes subject to a Transaction before the end of the applicable Rescission period, the instruction letter provided to the Settlement Agent substantially in the form attached hereto as Exhibit P.
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Closing Instruction Letter. A letter delivered by the Bailee to the Title Company in Approved Form setting forth closing instructions and procedures related to a Closing Date, including with respect to the recording or filing, as applicable, of Recordable Documents and, to the extent applicable, the terms of release of Escrow Funds.
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Closing Instruction Letter. As defined in the Master Bailee Agreement.
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Closing Instruction Letter means, with respect to any Wet-Ink Mortgage Loan that becomes subject to a Transaction, the closing instruction letter delivered by Seller to the related Settlement Agent which sets forth the procedures to be followed by such Settlement Agent in
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Related to Closing Instruction Letter

  • Instruction Letter means written instructions in a form acceptable to NCPS and executed by Issuer Party with Issuer Party directing NCPS to promptly disburse the Escrow Funds to Issuer pursuant to Section 4(a).

  • Confirmation Letter means a letter issued by any applicable Rating Agency to the effect that neither (a) the resignation of Provident as Servicer under the Servicing Agreement and appointment of Litton as successor Servicer thereunder, nor (b) the amendments e▇▇▇▇▇▇ated by this Agreement, will adversely affect the then current ratings on the Certificates then being rated.

  • Closing Instrument means the closing instrument of the Trust, pursuant to which the Indenture is entered into, and certain other documents are executed, in connection with the issuance of the Notes by the Trust.

  • Disbursement Instruction Agreement means an agreement substantially in the form of Exhibit M to be executed and delivered by the Borrower pursuant to pursuant to Section 6.1(a)(xi), as the same may be amended, restated or modified from time to time with the prior written approval of the Administrative Agent.

  • Designation Letter means, with respect to any Designated Subsidiary, a letter in the form of Exhibit E hereto signed by such Designated Subsidiary and the Company.