Original Additional Collateral Requirement definition
Original Additional Collateral Requirement. With respect to any Additional Collateral Mortgage Loan, an amount equal to the Additional Collateral required at the time of the origination of such Additional Collateral Mortgage Loan in order to achieve an Effective Loan-to-Value Ratio for such Additional Collateral Mortgage Loan, generally equal to seventy percent (70%); for purposes of the Required Surety Payment, in no event shall the Original Additional Collateral Requirement for an Additional Collateral Mortgage Loan exceed thirty percent (30%) of its original principal balance.
Original Additional Collateral Requirement. With respect to any Additional Collateral Mortgage Loan, generally 30 percent of the original principal balance of such Mortgage Loan or such lesser percentage thereof as is specified by MLCC in connection with the origination of such Additional Collateral Mortgage Loan.
Original Additional Collateral Requirement. With respect to any Additional Collateral Mortgage Loan, 30 percent (or, in the case of an Additional Collateral Mortgage Loan with an original principal balance of $1,000,000 or less and a Loan-to-Value Ratio less than 100%, such lower percent specified by the Master Servicer in originating such Additional Collateral Mortgage Loan) of the original principal balance of such Mortgage Loan.
Examples of Original Additional Collateral Requirement in a sentence
The required amount of such collateral is at least equal to the Original Additional Collateral Requirement for such Parent Power(R) Mortgage Loan.
The required amount of such collateral is at least equal to the Original Additional Collateral Requirement for such Parent Power® Mortgage Loan.
The required amount of such collateral is at least equal to the Original Additional Collateral Requirement for such Parent Power Mortgage Loan.
The required amount of such collateral is at least equal to the Original Additional Collateral Requirement fog such ParentPower(R) Mortgage Loan.
Each Mortgage Loan which is secured by additional collateral in the form of a security interest in marketable securities having a market value, as of the date of such loan’s origination, of at least equal to the Original Additional Collateral Requirement.
More Definitions of Original Additional Collateral Requirement
Original Additional Collateral Requirement means with respect to any Additional Collateral Mortgage Loan, an amount equal to the Additional Collateral required at the time of origination of such mortgage loan in order to achieve an Loan-to-Value Ratio equal to a maximum of 70%.
Original Additional Collateral Requirement. With respect to any ------------------------------------------ Additional Collateral Mortgage Loan, an amount equal to the Additional Collateral required by the Company at the time of the origination of such Additional Collateral Mortgage Loan in order to achieve a Loan-to-Value Ratio for such Additional Collateral Mortgage Loan, generally equal to seventy percent (70%); for purposes of the Required Surety Payment, in no event shall the Original Additional Collateral Requirement for an Additional Collateral Mortgage Loan exceed thirty percent (30%) of its original principal balance.
Original Additional Collateral Requirement means, with respect to any Additional Collateral Mortgage Loan, generally 30 percent of the original principal balance of such Mortgage Loan or such lesser percentage thereof as is specified by MLCC in connection with the origination of such Additional Collateral Mortgage Loan. “Origination Agreement” means the Origination Assistance Agreement, dated as of the date hereof, by and between MLCC and PHH, as the same may be amended from time to time in accordance with the terms thereof. “Origination Services” shall mean the loan origination services to be performed by PHH for and on behalf of MLCC as detailed in the Origination Agreement. “Parent Power® Agreement” means, with respect to each Parent Power® Mortgage Loan, a Parent Power® Guaranty and Security Agreement for Securities Account or a Parent Power® Guaranty Agreement for Real Estate. “Parent Power® Guaranty Agreement for Real Estate” means, with respect to certain Parent Power® Mortgage Loans, an agreement between MLCC and a Guarantor on behalf of the Mortgagor under such Parent Power® Mortgage Loan pursuant to which such Guarantor guarantees the payment of certain losses under such Parent Power® Mortgage Loan, authorizes MLCC to draw on the related Equity Access Agreement to fund such guaranty, and has secured such Equity Access Agreement with an Equity Access Mortgage secured by a lien on residential real estate of the Guarantor. “Parent Power® Guaranty and Security Agreement for Securities Account” means, with respect to certain Parent Power® Mortgage Loans, an agreement between MLCC and a guarantor on behalf of the Mortgagor under such Parent Power® Mortgage Loan pursuant to which such guarantor guarantees the payment of certain losses under such Parent Power® Mortgage Loan and has granted a security interest to MLCC in certain marketable securities to collateralize such guaranty. “Parent Power® Mortgage Loan” shall mean a Mortgage Loan that is supported by a Parent Power® Agreement. “Person” means an individual, corporation, limited liability company, partnership, joint venture, trust, or unincorporated organization, or a federal, state, city, municipal, or foreign government, or an agency or political subdivision thereof. Loan Purchase and Sale Agreement
Original Additional Collateral Requirement. With respect to any Additional Collateral Mortgage Loan, an amount equal to the Additional Collateral required by MSDWCC at the time of the origination of such Additional Collateral Mortgage Loan in order to achieve an Effective Loan-to-Value Ratio for such Additional Collateral Mortgage Loan, generally equal to seventy percent (70%).
Original Additional Collateral Requirement. With respect to any Additional Collateral Mortgage Loan, the minimum percentage specified in the Underwriting Guidelines.
Original Additional Collateral Requirement means “Original Additional Collateral Requirement,” as such term is defined in the related Pooling and Servicing Agreement.
Original Additional Collateral Requirement. With respect to any Additional Collateral Mortgage Loan, an amount equal to the Additional Collateral required by the Company at the time of the origination of such Additional Collateral Mortgage Loan in order to achieve a Constructive Loan-to-Value Ratio for such Additional Collateral Mortgage Loan, generally equal to seventy percent (70%); for purposes of the Required Surety Payment, in no event shall the Original Additional Collateral Requirement for an Additional Collateral Mortgage Loan exceed thirty percent (30%) of its original principal balance. ORIGINAL CLASS A PRINCIPAL BALANCE: $689,500,000. ORIGINAL CLASS B PRINCIPAL BALANCE: $10,500,000. ORIGINAL POOL PRINCIPAL BALANCE: (including the Pre-Funded Amount) $700,000,000. ORIGINAL PRE-FUNDED AMOUNT: $82,768,119. ORIGINAL SUBORDINATION LEVEL: The percentage derived from the fraction the numerator of which is the Original Class B Principal Balance and the denominator of which is the Original Pool Principal Balance, which percentage is 1.50%.