Participating Lender Agreement definition

Participating Lender Agreement means the agreement signed between the Servicer and each Lender as to the terms and conditions under which the Servicer will purchase a Mortgage Loan from a Lender and the duties, obligations, representations, warranties, and covenants of the Lender to the Servicer.

Participating Lender Agreement means the agreement entered into between the Servicer and the Lender as to the terms and conditions under which the Servicer will purchase a Mortgage Loan from the Lender.

Participating Lender Agreement means the agreement by that name by and between the Participant and the Servicer relating to the Agency’s Program, as the same may be amended from time to time, which is incorporated herein by reference.

Examples of Participating Lender Agreement in a sentence

• The Participating Lender Agreement, the Lender Guide, Servicing Agreement and the Administrator’s Guidelines are all incorporated herein by reference and made a part of this Agreement.

• Participant has entered into a Participating Lender Agreement with the Servicer with respect to the Program.

• The Lender confirms, and covenants to the Authorities that it is a party to a Participating Lender Agreement with the Master Servicer.

• Each Participant will be required to enter into a Participating Lender Agreement which shall govern the sale and transfer of a Mortgage Loan by the Participant to the Servicer along with the duties, obligations, representations, warranties, and covenants of the Participant to the Servicer (“Servicer Requirements’).

• The Participating Lender Agreement shall supersede this Agreement with regard to the Servicer Requirements.

• The Lender acknowledges that the Servicer may terminate or suspend the Lender and thereby restrict the Lender’s ability to deliver loans under the terms and provisions of the Participating Lender Agreement between the Lender and the Servicer, and that loan reservations may be terminated under certain conditions applicable to the Program.

• All the terms, conditions, and provisions of the Participating Lender Agreement shall in all respects, except as herein supplemented, remain unchanged and in full force and effect and this Addendum shall in no manner effect or impair the Participating Lender Agreement other than as set forth herein.

• The Servicer will enter into a separate Participating Lender Agreement with every qualifying Lender.

• In the event of a conflict between the terms of the Participating Lender Agreement and this Agreement, with regard to the requirements owed by the Lender to the Servicer, the Participating Lender Agreement shall control.

• In all other respects, the parties hereto affirm (or reaffirm, as appropriate) the terms of the Participating Lender Agreement, as supplemented hereby.

More Definitions of Participating Lender Agreement

Participating Lender Agreement means the Participating Lender Agreement between the Participant and the Servicer, establishing the terms and conditions upon which the Servicer will manage a Participant’s participation in a Program, as amended and supplemented, which Participating Lender Agreement is made a part hereof as if fully set forth herein.

Participating Lender Agreement means, with respect to a first lien Loan, if applicable, the written agreement between CalHFA’s Master Servicer and a Lender under the respective Program that sets forth the terms and conditions of the sale of first lien Loans from a Lender to CalHFA’s Master Servicer.

Participating Lender Agreement means that the loan purchase and origination agreement, designated by the Servicer, executed on or before the origination of any Mortgage Loans by a Mortgage Lender by and between the Servicer and such Mortgage Lender.

Participating Lender Agreement means the agreement between the Master Servicer and each Lender regarding the origination and purchase of Mortgage Loans.

Participating Lender Agreement means the Participating Lender Agreement by and between the Servicer and each participating Lender setting forth the requirements for such Lender’s approval and ability to sell mortgage loans, including Mortgage Loans originated pursuant to the Corporation’s Program, to the Servicer.