Freddie Mac Purchase Documents definition

Freddie Mac Purchase Documents has the meaning given to the term “Purchase Documents” in the Xxxxxxx Mac Guide.

Freddie Mac Purchase Documents. The Purchase Documents as defined in the Xxxxxxx Mac Guide as each such Purchase Document may be amended, modified, restated, supplemented or replaced from time to time.

Examples of Freddie Mac Purchase Documents in a sentence

Notwithstanding anything to the contrary herein or in any other order, the Debtors acknowledge and agree that any security interest granted in the Freddie Mac mortgage servicing rights is subject and subordinate in all respects to all rights, powers, and prerogatives of the senior priority interests of Freddie Mac pursuant to the Freddie Mac Purchase Documents (as defined in the Freddie Mac Guide).
Advance Reimbursement Amount: Any amount which the Servicer or the Indenture Trustee as the Servicer’s assignee, collects on a Mortgage Loan, withdraws from a Custodial Account or receives from any successor servicer or Freddie Mac pursuant to the Freddie Mac Guide or the Freddie Mac Purchase Documents, Fannie Mae or any successor servicer, as applicable, to reimburse an Advance made by the Servicer with respect to a Mortgage Loan in a Designated Pool pursuant to the related Designated Servicing Contract.
Servicing Contract: Any servicing contract pursuant to which the Servicer is servicing Mortgage Loans for and on behalf of Freddie Mac or Fannie Mae in connection with one or more Pools included in the master trust, each as amended, supplemented, restated, or otherwise modified from time to time, including by the Fannie Mae Guide, the Freddie Mac Guide and the Freddie Mac Purchase Documents, as applicable.
For the avoidance of doubt, the Servicer’s Advance Reimbursement Rights under the applicable Agency Guide and/or the Freddie Mac Purchase Documents, as applicable, are, under all circumstances, Repurchase Assets and Assets under this Agreement.
Notwithstanding anything to the contrary herein or in any of the other Program Agreements, the remedies set forth in this Section 4.09 shall be subject to the applicable Servicing Contract, the applicable Agency Agreement, in the case of Repurchase Assets relating to Fannie Mae Mortgage Loans, the Fannie Mae Requirements, the Freddie Mac Purchase Documents and the Freddie Mac Guide each to the extent applicable.
The Repo Seller shall cause the Servicer to maintain adequate financial standing, facilities, procedures and experienced personnel necessary for the making of Advances and collecting of Advance Reimbursement Amounts and in accordance with Accepted Servicing Practices and the relevant Servicing Contract, the applicable Agency Guide, and the Freddie Mac Purchase Documents (as applicable) in each case, in all material respects.
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Related to Freddie Mac Purchase Documents

Purchase Documents The mortgage purchase agreements between Xxxxxxx Mac and its Mortgage sellers and servicers, which are the contracts that govern the purchase and servicing of Mortgages and which include, among other things, the Guide and any negotiated modifications, amendments or supplements to the Guide.
Advance Purchase Agreements means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.
Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.
Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.
Servicing Agreements Each of the Servicing Agreements executed with respect to a portion of the Mortgage Loans by one of the Servicers, which agreements are attached hereto, collectively, as Exhibit L.
Related Documents mean all promissory notes, credit agreements, loan agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Loan.
Lease-purchase agreement means an agreement for the use of personal property by an individual for personal, family or household purposes, for an initial period of four months or less, that is automatically renewable with each payment after the ini- tial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.
Note Purchase Agreement means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the Subordination Agent, the Escrow Agent, the Paying Agent, and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.
Transaction Documents means this Agreement, the Warrants, all exhibits and schedules thereto and hereto and any other documents or agreements executed in connection with the transactions contemplated hereunder.