Conduit Program definition

Conduit Program. GSMC’s mortgage conduit program, through which mortgage loans are acquired from time to time from various banks, savings and loan associations, mortgage bankers and other mortgage loan originators and purchasers of mortgage loans in the secondary market.
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Conduit Program means the loan facility provided by the Conduit Lender to the Funding Note Issuer and to other borrowers.
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Conduit Program means the program pursuant to which the Advisor or its affiliates sources or facilitates the purchase of newly originated residential mortgage loans by Subsidiaries from sellers approved by the Advisor or its affiliates utilizing the underwriting guidelines and policies established by the Advisor or its affiliates.
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Examples of Conduit Program in a sentence

  • Each Trustee shall develop the internal procedures for the administration of the Conduit Program which will be applicable to all Conduit Cases administered by the Trustee, unless otherwise ordered by the Court.

  • A Debtor in a Conduit Program is required make all payments on an Eligible Loan through the Trustee including ongoing periodic post-petition mortgage payments; Trial Period Payments; all payments pursuant to any Loan Modification Agreement; all mortgage arrears; and all post-petition fees, expenses and charges pursuant to Rule 3002.1 of the Federal Rules of Bankruptcy Procedure.

  • If the Court has not adopted a Conduit Program, the Debtor shall disburse any periodic post-petition mortgage payments owed on the Eligible Loan by Direct Pay, including Trial Period Payments.

  • Contractor agrees that at all times its employees will observe and comply with all regulations of the City, including but not limited to parking and security regulations.

  • If the Court enters an Order Approving Loan Modification Agreement, the Trustee, if the Debtor is in a Conduit Program, or the Debtor, if the Debtor is not in a Conduit Program, is authorized to make disbursements to the Lender as set out in the Motion to Approve Loan Modification Agreement without any further modification of the Plan.

  • Any payment required pursuant to a Notice of Fees, Expenses, and Charges filed pursuant to Rule 3002.1 of the Federal Bankruptcy Rules of Procedure will be paid in accordance with the existing procedures of the applicable Conduit Program.

  • If the Court has adopted a Conduit Program, the Debtor shall make monthly Plan payments to the Trustee which are sufficient to pay any periodic post-petition mortgage payments owed on the Eligible Loan including Trial Period Payments.

  • If the Debtor is not in a Conduit Program, the Debtor will remit the Trial Period Payments by Direct Pay.

  • In a Conduit Program, the Trustee shall continue disbursing payments to the Lender in the amount of the Trial Period Payments and continue to retain Reserve Funds until the Resolution of the Loan Modification Matter.

  • Conduit Debtor - Any Debtor required by the provisions of this General Order to participate in the Conduit Program or any Debtor that elects to be a Conduit Debtor.


More Definitions of Conduit Program

Conduit Program has the meaning specified in Section 5.2(a) (Release of Collateral).
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Conduit Program is defined in the fifth recital.
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Conduit Program means the variable funding note programs implemented through RCFC with certain asset securitization conduits and the financial institutions that administer such conduits, secured by vehicles and related assets, which programs provide funds for the purchase of additional vehicles.
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Related to Conduit Program

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Conduit Purchaser means each commercial paper conduit that is or becomes a party to this Agreement as a “Conduit Purchaser.”

  • Conduit Assignee means any multi-seller commercial paper conduit or special purpose entity funded by a multi-seller commercial paper conduit which is, in either case, administered by a common manager or an Affiliate of a CP Conduit, or the collateral trustee of such entity.

  • Program means the statutorily authorized activities of the System Agency under which this Contract has been awarded.

  • Program Support Provider means and includes with respect to each Conduit Purchaser any Liquidity Provider and any other Person (other than any customer of such Conduit Purchaser) now or hereafter extending credit or having a commitment to extend credit to or for the account of, or to make purchases from, such Conduit Purchaser pursuant to any Program Support Agreement.

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Education program means any program that is principally engaged in the provision of education, including, but not limited to, early childhood education, elementary and secondary education, postsecondary education, special education, job training, career and technical education, and adult education, and any program that is administered by an educational agency or institution.

  • Program fund means the program fund established under section 12D.4.

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • Child day program means a regularly operating service arrangement for children where, during the absence of a parent or guardian, a person or organization has agreed to assume responsibility for the supervision, protection, and well-being of a child under the age of 13 for less than a 24-hour period.

  • Commercial Paper means promissory notes of any Conduit issued by such Conduit in the commercial paper market.

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Pilot program means a program using a representative sample of residential and small commercial customers to assist in developing and offering customer choice of electricity supply for all residential and commercial customers.

  • Alternative program means a non-disciplinary monitoring or practice remediation process approved by a physical therapy licensing board. This includes, but is not limited to, substance abuse issues.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • CRAF Program means the Civil Reserve Air Fleet Program authorized under 10 U.S.C. Section 9511 et seq. or any similar or substitute program under the laws of the United States.

  • Individualized education program or “IEP” means a written statement for a child with a disability as defined in 14 DE Admin. Code 922.

  • CP means SFMTA Contracts and Procurement.

  • Individualized Education Program (IEP means a written statement for a student with a disability that is developed, reviewed, and revised in accordance with the Utah Special Education Rules and Part B of the Individuals with Disabilities Education Act (IDEA).

  • Program Manual means the United States Department of Agriculture, Animal and Plant Health Inspection Service, Plant Protection and Quarantine, Gypsy Moth Program Manual, 1994 edition.

  • CP Conduit means any limited-purpose entity established to use the direct or indirect proceeds of the issuance of Commercial Paper Notes to finance financial assets.

  • Pooled Commercial Paper means Commercial Paper notes of a Conduit subject to any particular pooling arrangement by such Conduit, but excluding Commercial Paper issued by such Conduit for a tenor and in an amount specifically requested by any Person in connection with any agreement effected by such Conduit.

  • Cooperative education program means a written voluntary agreement between and among districts to provide certain educational programs for pupils in certain groups of districts. The written agreement shall be approved by all affected districts at least annually and shall specify the educational programs to be provided and the estimated number of pupils from each district who will participate in the educational programs.

  • Conduit shall have the meaning assigned to such term in Section 14(d).

  • Enhancement Provider means, with respect to any Series, the Person, if any, designated as such in the related Supplement.