PFI Agreement definition

PFI Agreement the contract to be let with the PFI Contractor for the construction, financing and facilities management of the Dwellings;

PFI Agreement means the agreement referred to in Section I.C.1 (a) of Schedule 2 to the Agreement, as said agreement may be amended from time to time.

PFI Agreement means an agreement between a GF and a PFI referred to in Section I.C.2 of Schedule 2 to this Agreement.

Examples of PFI Agreement in a sentence

• A Master Commitment must be completed and signed by an authorized party of the PFI in accordance with the PFI Agreement, and must be signed as accepted by the MPF Bank.The signing of a Master Commitment does not require the PFI to originate or sell any mortgages under the agreement, but it does constitute the PFI’s best efforts commitment to deliver mortgages to the MPF Bank.

• Servicing Features PFIs who retain Servicing Rights must service the Mortgage Loans in accordance with the requirements of the PFI Agreement and the Guides.

• PFIs who sell or transfer Servicing Rights must do so in accordance with the PFI Agreement and the Guides.

• The PFI’s CE obligation is an undertaking under the terms of the PFI Agreement.

• The Selling Servicer will remain liable for origination representations and warranties under its PFI Agreement.

• The Assuming Servicer may not acquire Servicing Rights for Serviced Xtra Mortgage Loans under its PFI Agreement without the written consent of the Assuming Servicer’s MPF Bank.

• Termination of the Assuming Servicer’s right to service Mortgage Loans under the PFI Agreement, shall terminate the Assuming Servicer's MPF Xtra Servicing without separate notice to the Assuming Servicer.

• The PFI selling the whole loan (Selling Servicer) must execute an MPF Xtra Addendum to the PFI Agreement and must obtain an MPF Xtra Master Commitment that (i) indicates it will sell MPF Xtra Mortgage Loans on a whole loan basis and (ii) lists an Assuming Servicer as directed by the Selling Servicer’s MPF Bank.

• Nor does this change affect any other rights of the MPF Provider, an MPF Bank or Fannie Mae under the PFI Agreement and MPF Xtra Addendum, including, without limitation, the right to require repurchase of a Mortgage or indemnification for a reason other than those stated in Section 3.05 of the MPF Xtra Addendum.

• The MPF Provider waives its right to enforce Section 3.05 (Adverse Investor Determination) of the MPF Xtra Addendum to the PFI Agreement.

More Definitions of PFI Agreement

PFI Agreement means an agreement under Part B of Schedule 1 to this Agreement, for refinancing Small Power Projects, with such details as provided in the Program Operations Manual; and “PFI Agreements” means more than one such PFI Agreement.

PFI Agreement means each of the loan agreements to be entered into by RBM and each of the PFI’s pursuant to Section 3.01(c) of this Agreement, whereby RBM will provide said PFI with funds for Sub-loans Lease Financing and Investments;

PFI Agreement means the Agreement to be entered into between the Eligible AFI and the Eligible PFI in respect of activities under Part 1.3(a) of the Project.

PFI Agreement means the agreement between the MSME Financing Facility and an Eligible PFI.

PFI Agreement means the agreement(s) between the MPF Bank and Seller, as a “participating financial institution,” which sets out the terms under which the Seller originates Mortgage Loans as agent for the MPF Bank or sells Mortgage Loans to the MPF Bank, provides Credit Enhancement for the Mortgage Loans and/or performs servicing functions for the MPF Bank.