GNMA Acknowledgment Agreement definition

GNMA Acknowledgment Agreement. The acknowledgment agreement by and among GNMA, or any successor thereto, Seller and MSR XI LLC, in form and substance reasonably acceptable to MSR XI LLC, dated on or before the Sale Date, pursuant to which GNMA, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.

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GNMA Acknowledgment Agreement. The acknowledgment agreement by and among the Government National Mortgage Association, or any successor thereto, Seller and Purchaser, in form and substance reasonably acceptable to Purchaser, dated on or before the Closing Date, pursuant to which the Government National Mortgage Association, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.

GNMA Acknowledgment Agreement. The acknowledgment agreement by and among the Government National Mortgage Association, or any successor thereto, Seller and NIC MSR VII LLC, in form and substance reasonably acceptable to NIC MSR VII LLC, dated on or before the Closing Date, pursuant to which the Government National Mortgage Association, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.

Examples of GNMA Acknowledgment Agreement in a sentence

Pledge Agreement: A collateral pledge agreement, to be entered into on or before the Closing Date, between Seller and the Agency, pursuant to which Seller pledges collateral to Agency to secure its obligations to the Agency under the Servicing Agreement, the GNMA Acknowledgment Agreement and other agreements, if required by the Agency.
If the GNMA Acknowledgment Agreement is not received by the Sale Date, or if the Purchase and Sale Agreement is terminated, this Agreement shall be terminated concurrently therewith, without any further action of either Party.
The Purchase and Sale Agreement (including any order, ▇▇▇▇ of sale, assignment agreement or other transfer agreement related to the sale of the Mortgage Servicing Rights thereunder), the GNMA Acknowledgment Agreement, the Current Spread Distribution Account Agreement, the Current Spread Distribution Account Control Agreement, the Current Spread Reserve Account Agreement, the Current Spread Reserve Account Control Agreement, this Agreement and the Future Spread Agreement.
Such account has been pledged by Seller to Agency pursuant to the requirements of the GNMA Acknowledgment Agreement.
On the Closing Date, the Purchaser shall establish the Agency Reserve Account, which shall be pledged to ▇▇▇▇▇▇ Mae pursuant to the GNMA Acknowledgment Agreement.
Payments of all Servicing Spread Collections received on and after the Servicing Transfer Date shall be transferred from the Lockbox Account to the Third Party Controlled Current Spread Distribution Account within one Business Day of receipt and identification thereof and in any event, within two Business Days of receipt thereof, subject, however, to the rights and remedies of Agency pursuant to the lien granted in its favor pursuant to the requirements of the GNMA Acknowledgment Agreement.
The Seller hereby acknowledges that, in addition to its rights under this Agreement, the Purchaser is entitled to exercise its rights under the GNMA Acknowledgment Agreement.
Pledge Agreement: A collateral pledge agreement, to be entered into on or before the Closing Date, between Seller and an Agency, pursuant to which Seller pledges collateral to such Agency to secure its obligations to the applicable Agency under the Servicing Agreement, the FHLMC Acknowledgment Agreement, FNMA Acknowledgment Agreement or GNMA Acknowledgment Agreement, if applicable, and other agreements, if required by the applicable Agency.
After entry into a GNMA Acknowledgment Agreement on or after the Issue Date to which the Collateral Agent is not a party, the Assignors party thereto agree that if such agreement is terminated, such Assignors shall use commercially reasonable efforts to enter into a replacement GNMA Acknowledgement Agreement which includes the Collateral Agent as a party thereto and is in form and substance reasonably satisfactory to the Collateral Agent.
Payments of all Servicing Spread Collections received on and after the Sale Date shall be transferred from the Lockbox Account to the Third Party Controlled Current Spread Distribution Account within one Business Day of receipt and identification thereof and in any event, within two Business Days of receipt thereof, subject, however, to the rights and remedies of Agency pursuant to the lien granted in its favor pursuant to the requirements of the GNMA Acknowledgment Agreement.

More Definitions of GNMA Acknowledgment Agreement

GNMA Acknowledgment Agreement. The acknowledgment agreement relating to the excess servicing spread by and among the Agency, Seller and Purchaser relating to the Mortgage Loans.

GNMA Acknowledgment Agreement at all times subsequent to the date hereof that GNMA enters into such agreements and such agreement is available to the Borrower and in a form acceptable to the Administrative Agent, an agreement pursuant to which GNMA acknowledges the Lien of the Collateral Agent, on behalf of the Secured Parties, on Non-Recourse Servicing Rights relating to Mortgage Loans securitized through GNMA.

GNMA Acknowledgment Agreement. The acknowledgment agreement relating to the excess servicing spread by and among the Agency, Seller, Credit Suisse AG, New York Branch and Purchaser, dated as of December 31, 2012.

GNMA Acknowledgment Agreement. The acknowledgment agreement by and among GNMA, Seller, Credit Suisse AG, New York Branch and Purchaser, in form and substance reasonably acceptable to Purchaser, dated on or before the Sale Date, pursuant to which GNMA consents to the sale of the excess servicing spread and other arrangements specified therein.