Purchase Advice shall have the meaning provided in Section 2.05(d) hereof.
Purchase Advice. In connection with each wire transfer to be made to Buyer by or on behalf of Seller or a Takeout Investor, a written or electronic notification setting forth (a)(i) the loan number assigned by or on behalf of Seller or last name of the Mortgagor for each Mortgage Loan that is related to the Transaction in connection with which a payment is being made, or (ii) the CUSIP of any related Mortgage-Backed Security; (b) the amount of the wire transfer to be applied in the Transaction; and (c) the total amount of the wire.
Purchase Advice means a list of Purchased Assets that are requested to be repurchased in connection with a sale to an Approved Investor which shall set forth the loan identification numbers and related Takeout Price on a loan-by-loan and aggregate basis in an electronic format agreed to by Buyer.
Examples of Purchase Advice in a sentence
In addition, Seller shall provide Buyer with a Purchase Advice relating to such payment.
In no event shall such Purchase Advice be back-dated to the date of its issuance.
This is also known as an “Admin Fee.”This Admin Fee is charged to the correspondent, as reflected on the Purchase Advice, as a deduction from the total loan sale proceeds.
Simultaneously, the Seller shall deliver to the Buyer via facsimile or electronic mail a purchase advice (the “Purchase Advice”) and shall indicate on such Purchase Advice the Mortgage Loan identification number which identified the applicable Eligible Mortgage Loan when it was purchased by the Buyer hereunder.
The Takeout Price received by Buyer must equal the amount set forth on the Purchase Advice.
More Definitions of Purchase Advice
Purchase Advice means the written advice sent by the Selling Agent (in case of the primary issuance of the EW CDs Due 2022) or, upon listing of the EW CDs Due 2022 in PDEx, PDEx Trading Participant (in case of secondary transfers of the EW CDs Due 2022), to CD Holder confirming the acceptance of its offer to purchase EW CDs Due 2022 and consequent
Purchase Advice. An approved purchase list delivered to Purchaser by the Takeout Investor via electronic or facsimile transmission, confirming the amount of Takeout Proceeds allocable to each Mortgage Loan purchased by Takeout Investor.
Purchase Advice means, in connection with each wire transfer to be made to Buyer by Seller or an Approved Investor, a written or electronic notification setting forth (a) the loan number assigned by Buyer or last name of the Mortgagor for each Mortgage Loan that is related to the Transaction in connection with which a payment is being made; (b) the amount of the wire transfer to be applied in the Transaction; and (c) the total amount of the wire.
Purchase Advice means the written advice sent by the Selling Agent (in case of the primary issuance of the UCPB Series 3 CDs) or the Market Maker or, upon listing of the UCPB Series 3 CDs in PDEx, PDEx Trading Participant (in case of secondary transfers of the UCPB Series 3 CDs), to the CD Holder confirming the acceptance of its offer to purchase UCPB Series 3 CDs and consequent ownership thereof and stating the details, including the tax status, and summary terms and conditions, of the issue, sale or assignment of UCPB Series 3 CDs to such CD Holder;
Purchase Advice. With respect to each Mortgage Loan, a letter entered into between the Seller and the Purchaser in the form of Exhibit 5 hereto that provides for the purchase of Mortgage Loan(s) pursuant to the terms of this Agreement and sets forth the Purchase Price Percentage and certain other terms and conditions of the sale and purchase of such Mortgage Loan.
Purchase Advice means the written notice provided by Borrower to the Lender that the Lender will be receiving a wire transfer on such date.