FPD Purchase Price definition

FPD Purchase Price. With respect to any First Payment Default Mortgage Loan, an amount equal to the sum of (a) the greater of (i) 100% of the unpaid principal balance of such Mortgage Loan and (ii) the price at which such Mortgage Loan was originally purchased by the Seller as set forth on Schedule B, and (b) accrued interest thereon at the applicable Mortgage Rate from the date as to interest was last paid to (but not including) the Due Date in the Collection Period immediately preceding the related Distribution Date.
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FPD Purchase Price. With respect to any First Payment Default Mortgage Loan, an amount equal to the sum of (a) the greater of (i) 100% of the unpaid principal balance of such Mortgage Loan and (ii) the price at which such Mortgage Loan was originally purchased by the Seller as set forth on Schedule B, and (b) accrued interest thereon at the applicable Mortgage Rate from the date interest was last paid to (but not including) the Due Date in the Collection Period immediately preceding the related Distribution Date. Xxxxxxx Mac: Xxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto. Xxxxxx Mae: Xxxxxx Xxx, f/k/a the Government National Mortgage Association, a wholly owned corporate instrumentality of the United States within HUD.
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FPD Purchase Price. With respect to any First Payment Default Mortgage Loan or Delinquency Default Mortgage Loan, an amount equal to the sum of (a) 101.50% of the unpaid principal balance of such Mortgage Loan and (b) accrued interest thereon at the applicable Mortgage Rate from the date as to interest was last paid to (but not including) the Due Date in the Collection Period immediately preceding the related Distribution Date. Xxxxxxx Mac or FHLMC: Xxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
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Examples of FPD Purchase Price in a sentence

  • Within 60 days of the discovery of any such breach, the Seller shall either (a) cure such breach in all material respects, (b) repurchase such Mortgage Loan or any property acquired in respect thereof from the Depositor at the applicable Purchase Price (or FPD Purchase Price in the case of a breach of covenant made in Section 1.04(e)), or (c) within the two-year period following the Closing Date substitute a Qualifying Substitute Mortgage Loan for the affected Mortgage Loan.


More Definitions of FPD Purchase Price

FPD Purchase Price. With respect to any First Payment Default Mortgage Loan, an amount equal to the sum of (a) 101.50% of the unpaid principal balance of such Mortgage Loan and (b) accrued interest thereon at the applicable Mortgage Rate from the date as to interest was last paid to (but not including) the Due Date in the Collection Period immediately preceding the related Distribution Date. Fxxxxxx Mac or FHLMC: Fxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Sample 1Sample 2
FPD Purchase Price. With respect to any First Payment Default Mortgage Loan, an amount equal to the sum of (a) the greater of (i) 100% of the unpaid principal balance of such Mortgage Loan and (ii) the price at which such Mortgage Loan was originally purchased by the Seller as set forth on Schedule B, and (b) accrued interest thereon at the applicable Mortgage Rate from the date as to interest was last paid to (but not including) the Due Date in the Collection Period immediately preceding the related Distribution Date. Xxxxxxx Mac: Xxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Sample 1
FPD Purchase Price. The purchase price paid for a First Payment Default Mortgage Loan which is required to be repurchased by a Transferor pursuant to the related Commitment Letter. Xxxxxxx Mac or FHLMC: Xxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Sample 1
FPD Purchase Price. Not applicable. Xxxxxxx Mac: Xxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Sample 1
FPD Purchase Price. With respect to any First Payment Default Mortgage Loan, an amount equal to the sum of (a) 101.50% of the unpaid principal balance of such Mortgage Loan and (b) accrued interest thereon at the applicable Mortgage Rate from the date as to interest was last paid (but not including) the Due Date in the Collection period immediately preceding the related Distribution Date. Xxxxxxx Mac: Xxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto. Funding Account: Not applicable.
Sample 1
FPD Purchase Price. With respect to any First Payment Default Mortgage Loan or Delinquency Default Mortgage Loan purchased by the Seller from the Bank or BNC, an amount equal to the sum of (a) 101.50% of the unpaid principal balance of such Mortgage Loan and (b) accrued interest thereon at the applicable Mortgage Rate from the date as to interest was last paid to (but not including) the Due Date in the Collection Period immediately preceding the related Distribution Date. Xxxxxxx Mac or FHLMC: Xxxxxxx Mac, f/k/a the Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Sample 1

Related to FPD Purchase Price

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Combined Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Purchase Price has the meaning set forth in Section 2.2.

  • Per Unit Purchase Price equals $0.8670, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur between the date of this Agreement and the applicable Closing Date.

  • Additional Purchase Price has the meaning provided in Section 1.2(b).

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Estimated Purchase Price has the meaning set forth in Section 2.4(a).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Adjusted Purchase Price has the meaning set forth in Section 2.2.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.