Mandatory Delivery definition

Mandatory Delivery means the required sale and delivery of a locked loan registered with Arc Home or a loan or group of loans that are subject to a Mandatory Commitment.
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Mandatory Delivery means the required sale and delivery of a Locked Loan registered with Arc or a Loan or group of Loans that are subject to a Mandatory Commitment.
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Mandatory Delivery means the required sale of a Locked Loan registered with, and delivery of the related Loan File to, DIME. A Best Efforts Commitment with respect to a Locked Loan shall become a Mandatory Delivery with respect to such Loan on the related Closing Date.
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Examples of Mandatory Delivery in a sentence

  • For each Mandatory Delivery Commitment, the PFI must specify a Note Rate.

  • The low delivery tolerance for Mandatory Delivery Commitments is an amount that does not fall below the greater of $10,000 or 2.5% of the original Delivery Commitment amount.

  • A Mandatory Delivery Commitment is closed on the applicable expiration date.

  • PFIs must contact the MPF Service Center to reduce the amount of a Mandatory Delivery Commitment prior to its expiration.For all Delivery Commitments which are reduced, a Pair-off Fee will be calculated on one hundred percent (100%) of the reduction amount of the Delivery Commitment.

  • PFIs must contact the MPF Service Center to extend a Mandatory Delivery Commitment.

  • Over-delivery fees will apply when the aggregate principal amount of the Mortgage Loans delivered under a Mandatory Delivery Commitment is greater than the Mandatory Delivery Commitment amount at expiration.The over-delivery fee will be calculated as of the close of business on the date that the aggregate principal amount of the Mortgage Loan purchased exceeds the amount of the DeliveryCommitment.

  • A Mandatory Delivery Commitment may be extended prior to its expiration for up to thirty (30)calendar days as either a one-time thirty (30) day extension or multiple extensions, provided the multiple cumulative extensions do not exceed a total of thirty (30) calendar days.

  • The entire remaining commitment balance will be automatically paired off for any expired,unfilled Mandatory Delivery Commitment.

  • The high delivery tolerance for Mandatory Delivery Commitments is an amount that does not exceed the greater of $10,000 or 2.5% of the original Delivery Commitment amount.

  • Mandatory Delivery Commitments cannot be converted to Best Efforts Delivery Commitments nor can Best Efforts Delivery Commitments be converted to Mandatory Delivery Commitments.


More Definitions of Mandatory Delivery

Mandatory Delivery. The sale and delivery of all of the Mortgage Loans on the Settlement Date is mandatory from the date of the execution of this letter agreement, it being specifically understood and agreed that each Mortgage Loan is unique and identifiable on the date hereof and that an award of money damages would be insufficient to compensate Salomon for the losses and damages incurred by Salomon (including damaxxx xx prospective purchasers of the Mortgage Lxxxx) xn the event of WMFC's failure to deliver each of the Mortgage Loans to Salomon on the Settlement Date.
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Mandatory Delivery. The required sale of a Loan registered with, and delivery of the related Loan File to, Chase. A Best Efforts Commitment with respect to a Purchasable Loan shall become a Mandatory Delivery with respect to such Purchasable Loan on the related Closing Date.
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Mandatory Delivery or the equivalent as defined in and in accordance with the Completion Guaranty or Inter-Party Agreement relating to such Qualifying Picture has been made, and (B) if such Qualifying Picture was acquired by a Credit Party in whole or in part from a third party, the entire acquisition price or minimum advance shall have been paid and there is no condition or event (including, without limitation, the payment of money not yet due) the occurrence of which might result in such Credit Party losing any of its rights in such Qualifying Picture.
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Mandatory Delivery means the required delivery of Servicing Rights by the Seller to the Buyer under the terms of this PMSR Flow Agreement. The delivery of Servicing Rights by the Seller and the acceptance of Servicing Rights by the Buyer are not optional unless this PMSR Flow Agreement is terminated in the manner set forth below. The Seller's failure to sell and deliver the Servicing Rights to the Buyer will be a breach of this PMSR Flow Agreement. Notwithstanding the above, nothing in this PMSR Agreement shall be deemed to limit any right which the Seller may have under the Operating Agreement to sell Servicing Rights to third parties.
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Related to Mandatory Delivery

  • Delay Delivery Mortgage Loans The Mortgage Loans for which all or a portion of a related Mortgage File is not delivered to the Trustee or to the Custodian on its behalf on the Closing Date. The number of Delay Delivery Mortgage Loans shall not exceed 25% of the aggregate number of Mortgage Loans as of the Closing Date.

  • Issuance Notice means a written notice delivered to the Agent by the Company in accordance with this Agreement in the form attached hereto as Exhibit A that is executed by its Chief Executive Officer, President or Chief Financial Officer.

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Purchase Date.

  • Mandatory Purchase Event means, (i) in connection with the termination of the VRDP Shares Purchase Agreement due to its expiration as of a Scheduled Termination Date, by the fifteenth day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement then in effect, and (b) the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement, or (ii) in connection with the termination of the VRDP Shares Purchase Agreement due to a Liquidity Provider Ratings Event or Related Party Termination Event, by the fifteenth day prior to the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Corporation shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 364 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase Agreement. The Mandatory Purchase Event shall be deemed to occur on such fifteenth day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.

  • Funding Notice means a notice substantially in the form of Exhibit A.

  • Delivery Notice Has the meaning specified in the NPA.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • Borrowing Notice is defined in Section 2.8.

  • Form of Fundamental Change Purchase Notice means the “Form of Fundamental Change Purchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Mandatory Purchase means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to this Agreement in connection with a Mandatory Purchase Event.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • Notice of Additional Issuance has the meaning set forth in Section 2.09 hereof.

  • Issuance Notice Date means any Trading Day during the Agency Period that an Issuance Notice is delivered pursuant to Section 3(b)(i).

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Company Notice means written notice from the Company notifying the selling Key Holders and each Investor that the Company intends to exercise its Right of First Refusal as to some or all of the Transfer Stock with respect to any Proposed Key Holder Transfer.

  • Delivery ex stock means immediate delivery directly from stock actually on hand.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Delivery Day means a day other than a Saturday, a Sunday or any other day on which national banking associations are authorized to be closed. Any party may change its address for purposes of the receipt of notices and demands by giving notice of the change in the manner provided in this provision.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Reset Notice has the meaning specified in Section 3.07.

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Exchange Notice has the meaning set forth in Section 2.1(a)(iii).

  • Investor Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its Secondary Refusal Right as to a portion of the Transfer Stock with respect to any Proposed Key Holder Transfer.

  • LIBOR Notice means a written notice in the form of Exhibit L-1.