Pair Off Fee definition
Pair Off Fee means the fees assessed if the Seller fails to deliver loan files in purchasable form, as determined by Arc Home, in the amount of the commitment, by the expiration date (including extensions) or the date on which the Seller cancels the commitment, whichever is earlier.
Pair Off Fee means a fee that is assessed by Arc in cases where a Seller fails to deliver Mandatory Commitment Loan(s), as described in the Seller’s Guide.
Pair Off Fee. As defined in the Master Commitment For Corporate Finance Relationships.
Examples of Pair Off Fee in a sentence
If the Seller fails to fulfill its obligations under a Best Efforts or Mandatory Commitment the Seller will be subject to a Pair Off Fee determined in accordance with the Arc Correspondent Seller's Guide.
More Definitions of Pair Off Fee
Pair Off Fee. As defined in the Master Commitment.
Pair Off Fee. As defined in the Master Commitment for Corporate Finance Relationships, dated as of December 16, 1996 between the Seller and the Buyer.
Pair Off Fee means the greater of
Pair Off Fee. As defined in the Commitment Agreement, dated as of _____ ___, 2002 between the Seller and the Buyer. Person: Any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. Pool: Any group of Mortgage Loans sold by the Seller hereunder and designated as a "pool" for purposes of this Agreement. For convenience, each Pool shall be designated by the year of its sale and lettered sequentially, e.g., 2002-A, 2002-B, etc.