Conforming Loans definition

Conforming Loans. As defined in the Series Supplement.

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Conforming Loans means residential mortgage loans that conform to the Agency underwriting guidelines and meet the funding criteria of Fannie Mae and Freddie Mac.

Conforming Loans. The Group 4 Mortgage Loans.

Examples of Conforming Loans in a sentence

• The parties agree that this Amended and Restated Note Purchase Agreement supersedes and replaces the Old Note Purchase Agreement in its entirety and the purchase of any and all EDUCATION ONE Conforming Loans after the Effective Date will be made under the terms and conditions of this Amended and Restated Note Purchase Agreement and not under the Old Note Purchase Agreement; provided, however, that the Third Amendment to Program Agreements, dated November 1, 2001, remains in full force and effect.

• FMC makes the following representations and warranties as of the date hereof, as of the date of each purchase of Bank of America GATE Conforming Loans and as of any other date specified below.

• In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Bank of America GATE Conforming Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall promptly deliver such amounts to the trustee under the Trust Indenture.

• This Agreement shall remain in full force and effect until the later of (a) expiration or termination of the Umbrella Agreement, or (b) the expiration of the Option Period of all Bank of America GATE Conforming Loans made pursuant to the Umbrella Agreement.

• If a Co-Lender Indemnification Agreement is required as a condition of Program Lender's obligations under Section 3.01(c)(4) hereof, Program Lender shall execute and deliver a Co-Lender Indemnification Agreement to each lender selling Bank of America GATE Conforming Loans in the Securitization Transaction.

• Take-Out Commitments for Conforming Loans that are delivered pursuant to clause (b), above, in addition to conforming with all other criteria of this Agreement, shall also substantially conform to the interest rates and “terms to maturity” for all Uncovered Mortgage Loans.

• FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the Bank of America GATE Conforming Loans.

• FMC shall have the sole and exclusive right to purchase all Bank of America GATE Conforming Loans [**] for each such loan, which right may be assigned to one or more Purchaser Trusts.

• Program Lender agrees, in consideration of FMC's undertaking pursuant to this section, not to sell to any third person any interest in any Bank of America GATE Conforming Loans originated by Program Lender [**].

• Program Lender shall be solely responsible to fulfill its obligations under any agreements it may have with Participating Institution regarding origination and funding of such CFS Conforming Loans.

More Definitions of Conforming Loans

Conforming Loans means loans (a) conforming to the requirements of the Program Guidelines at the time the loans were made, (b) serviced by the Servicer in accordance with the Program Guidelines, and (c) covered by and subject to all the benefits of the Guaranty Agreement.

Conforming Loans means all Tranche A Loans outstanding as of the Effective Date, the aggregate amount of which is not in excess of $40,000,000 minus the aggregate amount of all payments applied to the principal of such Loans from the Effective Date through the Forbearance Termination Date.

Conforming Loans. At a per annum rate equal to Prime Rate plus four percent (4%)

Conforming Loans means loans (a) conforming to the requirements of the Program Guidelines at the time the loans were made, (b) serviced by the Servicer in accordance with the Program Guidelines, and (c) covered by and subject to all the benefits of the Guaranty Agreement. “Deposit and Security Agreement” means the agreement of that name among Program Lender, ▇▇▇▇, FMC, and State Street Bank & Trust Company, dated as of April 30, 2001. "First Marblehead" or “FMC” shall mean The First Marblehead Corporation, a Delaware corporation. “Guaranty Agreement” means the Amended and Restated Guaranty Agreement between Program Lender and ▇▇▇▇, dated as of June 30, 2006. "Loan Origination Agreement" refers to (a) the Amended and Restated Loan Origination Agreement entered into between ▇▇▇▇ and Program Lender with respect to origination of prepGATE Conforming Loans and Bank of America ▇▇▇▇ Loans that are Conforming Loans, as amended from time to time, and (b) any subsequent agreement relating to origination services provided to Program Lender with respect to Bank of America SC Loan Notes purchased under this Agreement. "Minimum Purchase Price" has the meaning set forth in Section 2.04. “Option Period” means, with respect to any particular Bank of America SC Conforming Loan, the period beginning on the first May 1 when such loan first becomes a Seasoned Loan and ending [**] days thereafter. "Origination Records" means and refers to the original Bank of America SC Loan Application and Note, a form of cosigner notice when required under 16 C.F.R. § 444, and any other standardized documentation specified from time to time in the Program Guidelines as required to be received by the Servicer from the Program Lender in order to service Bank of America SC Conforming Loans adequately and accurately. "Participating Institution" means an institution approved by ▇▇▇▇ for participation in the Bank of America SC Loan Programs. "Program" shall mean, collectively, the Bank of America Private Loan Programs and the Bank of America ▇▇▇▇ Loan Programs. "Program Guidelines" has the meaning set forth in the Umbrella Agreement. "Purchase Date" shall mean the date of consummation of a Securitization Transaction with respect to a particular Pool including Bank of America SC Conforming Loans originated by Program Lender, which date: (a) shall be set by written notice from FMC to Program Lender, given to Program Lender not less than five (5) Business Days in advance of the specified date, and (b) shall occur [**]...