First Party definition

First Party. Second Party: 1. 2.

First Party means [insert name of purchaser];

First Party means (a) the Insured or any officer, employee or agent of the Insured or (b) any of the following Persons: the correspondent lender, mortgage loan broker or other intermediary underwriting or originating the Loan on behalf of the Insured or originating lender, or escrow or closing agents or anyone under contract with the Insured or originating lender in connection with the origination of such Loan, such as an appraiser.

Examples of First Party in a sentence

• First Party is into Migration and Education consultancy services to countries such Canada, Australia, Denmark, Hong Kong etc, offering integrated package of services to students/clients who wish to study/settle abroad for Education/migration.

• Second Party is the student/immigrant who intend to apply for Express entry program and approached the party of the First Party for processing.

• Second Party is the student/immigrant who intend to apply for Express Entry Program and approached the First Party for processing.

• Any and all net profits accruing to the Joint Venture shall be held and distributed to the Parties in the following proportion: (State the proportion of profits to be received by First Party and Second Party) .

• The First Party came to know about the credential of the Developer, the First Party approaches the Developer to construct Multistoried residential Building/Apartment on the Scheduled – A land as fully described in the schedule given below either building wise/block wise on the basis of the map approved by the competent authority or as to be mutually agreed upon by both the parties taking into account or consideration the maximum utility of the land.

More Definitions of First Party

First Party has the meaning given to it in Clause 10.10;

First Party has the meaning set forth in Section 7.6(c).

First Party has the meaning given to it in Section 9.8;

First Party has the meaning set forth in Section 10.3(c).

First Party shall have the meaning set forth in Section 4.3.

First Party means, with respect to a Loan, the initial or any subsequent Insured, and any Person who originated or participated in the origination of the Loan, including correspondent lenders, mortgage loan brokers, underwriters and processors, escrow and closing agents, appraisers, and agents (including employees) of any Insured or of any such Persons. Notwithstanding the foregoing, the Borrower is not a First Party and after thirty- six (36) Payments are made on the Loan an appraiser not affiliated with any other First Party shall no longer be a First Party.

First Party has the meaning attributed to it in Section 16.3.