Examples of Pledged MBS in a sentence
Assignment by Lender of Pledged Loans or Pledged MBS as provided in this Section 8.16 shall not release Lender from its obligations otherwise under this Agreement.
Attached is a Total Pledged MBS List listing all MBS currently Pledged to the Agent, including any being pledged concurrently with this Request for Borrowing.
A separate Request for Borrowing shall be made for each Borrowing, which, when appropriately completed and with (i) a current Total Pledged Servicing List (provided that no Total Pledged Servicing List shall be required until the Company shall first pledge Servicing Rights to the Agent), (ii) a current Total Pledged MBS List and (iii) if new Single-family Collateral is being pledged, a Submission List attached, may include requests for Borrowings to finance any type or types of Eligible Collateral.
So long as no Potential Event of Default or an Event of Default shall have occurred and be continuing, Borrower shall receive and retain for its own account all principal and interest collected by Borrower from the Pledged Loans (the "Pledged Loan Income") and all distributions received by Borrower from the Pledged MBS (the "Pledged MBS Income").
As a result of our transition to an SFB, our investments have significantly increased, primarily for complying with the SLR requirements of investing into Government or other RBI- approved securities.
MLMCI hereby grants to Assignor the right to perform in MLMCI's stead under any repurchase, reverse repurchase, loan or similar transaction in which MLMCI has sold, pledged or otherwise transferred any Pledged MBS in the event that MLMCI has defaulted on its obligations to repurchase or accept redelivery of such Pledged MBS in conformity with the terms of any such transaction and so long as an Event of Default hereunder by Assignor shall not have occurred and be continuing.
Borrower shall not request an Advance to be secured by any Pledged MBS on or before January 1, 1997.
Assignment by Lender of Pledged Loans or Pledged MBS as provided in this Section 8.18 shall not release Lender from its obligations otherwise under this Agreement.
Upon such receipt by Borrower all such Pledged Loan Income and Pledged MBS Income shall be released from the security interest and lien of Lender hereunder and shall no longer constitute Collateral hereunder.
MLMCI further acknowledges that each Pledged MBS identified in a Confirmation Statement and included as Collateral for a Loan hereunder is unique and identifiable on the date of such Loan and that an award of money damages would be insufficient to compensate Assignor for the losses and damages incurred by Assignor in the event of MLMCI's failure to release and redeliver any Pledged MBS upon the repayment of the related Loan by Assignor as provided hereunder.