Ineligible Collateral Obligation definition

Ineligible Collateral Obligation. The meaning specified in Section 7.2.

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Ineligible Collateral Obligation. The meaning set forth in the Master Loan Sale Agreement.

Examples of Ineligible Collateral Obligation in a sentence

• The Repurchase and Substitution Limit will not apply to any Ineligible Collateral Obligation that is repurchased or substituted by the Seller in connection with a mandatory repurchase or substitution.