Originated Loan definition
Examples of Originated Loan in a sentence
Seller shall deliver to Buyer: (x) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that Seller expressly and specifically disclosed in Seller’s Preliminary Due Diligence Package were not in Seller’s possession; and (y) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.
Seller shall deliver to Buyer: (A) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that were not in Seller’s possession; and (B) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.
Abandoned Property $50.00 Account Closure* $10.00 ACH Originated Loan Payment $10.00 each All Copies (any GFA docs, up to 10 pages) $7.50 min Coin Machine Service (over $100.00) 5% Canadian Currency, exchange rate plus $10.00 Foreign Check Processing (per check) $15.00 Inactivity Fee** $5.00/mth Insufficient/Overdraft Paid $30.00/item Insufficient/Overdraft Returned $30.00/item Items Sent for Collection $25.00/item Levy $75.00 Lost Passbook $12.50 Money Order $3.00 Non-Member Check cashing inc.
In addition, the Seller may also elect to contribute capital to the Buyer to permit the Buyer to fund any Buyer Originated Loan.
The Origination Fee payable to the Advisor shall be paid at the later of (i) the closing of the Originated Loan or (ii) upon receipt of the invoice by the Company.
With respect to the origination of a Loan through any Joint Venture or any partnership in which the Company is a partner, the Origination Fee payable to the Advisor shall equal 1% of the amount of the Originated Loan that is attributable to the Company’s investment in the Joint Venture or partnership.
Seller shall deliver to Buyer: (x) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that Seller expressly and specifically disclosed in Seller's Preliminary Due Diligence Package were not in Seller's possession; and (y) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.
Once deposited to an Account established pursuant to the terms and provisions of an Acquisition Account Agreement, moneys within such Account may be disbursed by the Trustee for the acquisition of one or more Eligible Loans upon receipt by the Trustee of a Originated Loan Certificate and all documents and certificates required thereby.
With respect to the origination of a Loan to be wholly owned by the Company, the Origination Fee payable to the Advisor shall equal 1% of the amount of the Originated Loan.
Counterparts SCHEDULE A Mortgage Loan Schedule (including Prepayment Charge Schedule) SCHEDULE B Originated Loan Schedule (including Prepayment Charge Schedule) EXHIBIT A Certain Defined Terms This MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT, dated as of September 1, 2002 (the “Agreement”), is executed by and between ▇▇▇▇▇▇ Brothers Bank, FSB (the “Bank”) and Structured Asset Securities Corporation (the “Depositor”).