MBS Delivery Date definition

MBS Delivery Date means the date on which an MBS is delivered by Xxxxxx Xxx.
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MBS Delivery Date means the date on which the Trustee receives the MBS backed by the Mortgage Loan, which shall occur not later than the MBS Delivery Date Deadline.
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MBS Delivery Date means, individually or collectively as context dictates, the Immediate MBS Delivery Date and the Forward MBS Delivery Date.
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Examples of MBS Delivery Date in a sentence

  • Notwithstanding anything herein to the contrary, on and after the MBS Delivery Date, the principal, interest and premium, if any, payable on the Bonds will be equal to and for the same periods as interest, principal and premium, if any, received on the MBS, and will be paid one Business Day following receipt by the Trustee of payment pursuant to the MBS.

  • Upon purchase of the MBS on the MBS Delivery Date, the Trustee shall post a notification to this effect on the Electronic Municipal Market Access website of the Municipal Securities Rulemaking Board.

  • In the event that the MBS has not been purchased by, and delivered to, the Trustee ten (10) Business Days prior to the MBS Delivery Date Deadline, the Trustee shall provide, ten (10) Business Days prior to the MBS Delivery Date Deadline, to the Borrower, the Lender, the Issuer and the Underwriter written notice of such non-purchase.

  • On the MBS Delivery Date, the Trustee shall remit to the Lender as payment for the MBS, the principal portion of the MBS Purchase Price (from amounts on deposit in the Collateral Fund), plus the interest portion of the MBS Purchase Price (from amounts on deposit in the Revenue Fund and, to the extent amounts on deposit in the Revenue Fund, other than amounts in the Negative Arbitrage Account therein, are insufficient for such purposes, from amounts on deposit in the Negative Arbitrage Account therein).

  • If an Extension Deposit has not been made pursuant to Sections 3.04 and 5.05(b) hereof, such that the aggregate balance in the Collateral Fund and the Revenue Fund is equal to 100% of the principal amount of the Bonds plus interest accrued on the Bonds to the date which is five (5) calendar days following the MBS Delivery Date Deadline, then the Bonds shall be subject to mandatory redemption as set forth in Section 3.01(b) hereof.

  • Following the MBS Delivery Date, the Bonds are subject to mandatory redemption in whole or in part in an amount equal to, and one Business Day after the date on which, each principal payment or prepayment is received pursuant to the MBS at a Redemption Price equal to 100% of the principal amount received pursuant to the MBS, plus interest and premium, if any, received pursuant to the MBS.

  • Following the MBS Delivery Date, the Bonds are subject to mandatory redemption in whole or in part in an amount equal to, and one Business Day after the date on which, each principal payment or prepayment is received pursuant to the MBS at a Redemption Price equal to 100% of the principalamount received pursuant to the MBS, plus interest and premium, if any, received pursuant to the MBS.

  • Until the purchase of the MBS on the MBS Delivery Date, the deposit into the Collateral Fund shall constitute an irrevocable deposit solely for the benefit of the Bondholders, subject to the provisions hereof.

  • Revenue Fund (a) Prior to the MBS Delivery Date, the Trustee shall disburse from the Revenue Fund (and, to the extent amounts in the Revenue Fund other than amounts in the Negative Arbitrage Account therein are insufficient for such purposes, from the Negative Arbitrage Account), on each Payment Date an amount equal to the amount of principal and interest due on the Bonds pursuant to the Mortgage Loan Amortization Schedule.

  • Upon purchase of the applicable MBS on the applicable MBS Delivery Date, the Trustee shall post a notification to this effect on the Electronic Municipal Market Access website of the Municipal Securities Rulemaking Board.


More Definitions of MBS Delivery Date

MBS Delivery Date means the date on which the Trustee receives the MBS backed by the Mortgage Loan, which will occur not less than five days after the Trustee receives written notice of such date from the Lender.
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MBS Delivery Date means the date on which the Trustee receives the MBS backed by the Mortgage Loan.
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MBS Delivery Date means the date on which the Trustee receives the MBS backed by the Permanent Loan, which shall occur not later than the MBS Delivery Date Deadline. The Permanent Lender shall give the Trustee not less than five days’ advance notice of the MBS Delivery Date. Failure to provide such notice shall not impact the purchase of the MBS on such delivery date.
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MBS Delivery Date means the date on which a Fannie Mae MBS ----------------- is dxxxxxxex xy Fannie Mae. "MBS Pass-Through Rate" for a Base Xxxxxity Advance means the --------------------- interest rate as determined by the Lender (rounded to three places) payable in respect of the Fannie Mae MBS issued pursuant to the MBS Commitment bacxxx xx xxx Base Facility Advance as determined in accordance with Section 4.01.
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MBS Delivery Date means the date on which a Fannxx Xxx XXX is delivered by Fannxx Xxx.
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MBS Delivery Date means the date on which an MBS is delivered by Fannie Mae.
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Related to MBS Delivery Date

  • Delivery Date means the date or dates specified in the Purchase Order by which the Supplier is required to deliver the Work.

  • Share Delivery Date shall have the meaning set forth in Section 4(c)(ii).

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • 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.

  • Delivery Date(s) means the date or dates requested for delivery of Products as set forth in any Order.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Notice Delivery Period means the period from and including the Trade Date, to and including a day that is three (3) Business Days following the date that is 14 calendar days after the Scheduled Termination Date. Section 1.23 (Notice Delivery Period) of the Credit Derivatives Definitions shall be amended accordingly.

  • Delivery Time means the time for Delivery stated in the Purchase Order.

  • Delivery sale means any sale of a vapor product to a

  • Prospectus Delivery Period means such period of time after the first date of the public offering of the Shares as in the opinion of counsel for the Underwriters a prospectus relating to the Shares is required by law to be delivered (or required to be delivered but for Rule 172 under the Securities Act) in connection with sales of the Shares by any Underwriter or dealer.

  • Final delivery certificate means the document issued by the COE confirming that all the known defects have been rectified and that the works, goods or services appear in good order and have been accepted;