Purchase Price Increase Date definition

Purchase Price Increase Date means the date on which a Purchase Price Increase is made.

Purchase Price Increase Date means the date on which a Contributed Asset is transferred to the REO Subsidiary, and/or a Purchase Price Increase is made with respect thereto.

Purchase Price Increase Date means the date on which a Purchase Price Increase is made with respect to an Eligible Mortgage Loan, an Eligible Rental Property or an Eligible REO Property.

Examples of Purchase Price Increase Date in a sentence

• The undersigned Seller expressly acknowledges and agrees that the election by the Buyer to fund the Purchase Price Increase on any day prior to the related Purchase Price Increase Date shall not constitute or be deemed to be an amendment, waiver or other modification of the notice requirements set forth in the Agreement.

• Seller acknowledges and agrees that Buyer has no obligation to fund, but may in its sole and exclusive discretion elect to fund, the Purchase Price Increase requested herein on any Business Day prior the Purchase Price Increase Date contemplated in this request.

• On each Purchase Date and Purchase Price Increase Date, the Administrative Agent shall allocate the Purchase Price for such Purchased Asset and/or Contributed Asset among the Purchase Price-Base, Purchase Price-Incremental 1 and Purchase Price Incremental 2 according to the Allocated Percentages attributable thereto.

• The Purchase Price payable on the related Purchase Date, Purchase Price Increase Date or Transition Event Increase Date shall be no less than $5,000,000 unless such date is not a Purchase Date or a Purchase Price Increase Date (i.e. such date is only a Transition Event Increase Date), in which case the Purchase Price payable on such date shall be no less than $325,000.

• In addition to the foregoing, at least seven (7) Business Days prior to the related Purchase Date, Purchase Price Increase Date or Transition Event Increase Date, Seller shall have delivered to Buyer summary results of the due diligence Seller performed in connection with the acquisition of Trust Mortgage Loans and REO Properties and Buyer shall have excluded such assets as it deemed appropriate in its good faith discretion.

More Definitions of Purchase Price Increase Date

Purchase Price Increase Date means the date on which a Purchase Price Increase is made with respect to a Trust Mortgage Loan or a REO Property.

Purchase Price Increase Date means, with respect to the Purchased Certificate, the date on which a Purchase Price Increase occurs with respect thereto.

Purchase Price Increase Date means the date on which a Purchase Price Increase is made with respect to a Trust Mortgage Loan or an REO Property.

Purchase Price Increase Date means the date upon which Administrative Agent on behalf of Xxxxxx and Seller effectuate a Purchase Price Increase.

Purchase Price Increase Date shall have the meaning set forth in Section 3(c)(vi).

Purchase Price Increase Date. The date on which a Purchase Price Increase is made. “Purchased Assets”: Purchased Mortgage Loans. “Purchased Items”: All now existing and hereafter arising right, title and interest of Seller in, under and to the following: (a) all Purchased Mortgage Loans, now owned or hereafter acquired for which a Transaction has been entered into between Administrative Agent, on behalf of Buyers, and Seller hereunder and for which the Repurchase Price has not been received by Administrative Agent, on behalf of Buyers, including all Mortgage Notes and Mortgages evidencing such Mortgage Loans and the related Mortgage Loan Documents, which, from time to time, are delivered, or caused to be delivered, to Administrative Agent, on behalf of Buyers (including delivery to a custodian or other third party on behalf of Administrative Exhibit A-20 Agent and Buyers) as additional security for the performance of Seller’s obligations hereunder; (b) all Income related to the Purchased Assets and all rights to receive such Income; (c) if applicable, all amounts on deposit in the Collateral Account relating directly to the Purchased Mortgage Loans; (d) all now existing and hereafter arising rights of Seller to service, administer and/or collect on the Purchased Assets hereunder and any and all rights to the payment of monies on account thereof; (e) all Servicing Rights related to the Purchased Mortgage Loans, all related Servicing Records, and all rights of Seller to receive from any third party or to take delivery of any Servicing Records or other documents which constitute a part of the Mortgage Loan Files, including without limitation, the Other Mortgage Loan Documents, in each case, relating to the Purchased Mortgage Loans; (f) all now existing and hereafter arising accounts, contract rights and general intangibles constituting or relating to any of the Purchased Assets; (g) all rights, but not any obligations or liabilities, of Seller relating to the Purchased Mortgage Loans with respect to the Approved Investor; (h) all documents, files, surveys, certificates, correspondence, appraisals, computer programs, tapes, discs, cards, accounting records and other information and data of Seller relating to Purchased Assets; (i) all property of Seller, in any form or capacity now or at any time hereafter in the possession or control of Administrative Agent, on behalf of Buyers, relating to the Purchased Mortgage Loans; (j) all Proceeds of the Purchased Assets; (k) any funds of Seller at a...

Purchase Price Increase Date. The date on which a Purchase Price Increase is made. “Servicer”: (i) FCI Lender Services, Inc. or (ii) such other entity responsible for servicing of the Purchased Mortgage Loans and that has been approved by Secured Party, on behalf of Buyers, in writing, or, in each case, any successor or permitted assigns thereof. “Servicing Agreement”: If the Purchased Mortgage Loans are serviced by any servicer that is not Secured Party or an Affiliate of Secured Party, in each case, the agreement with the third party servicer, in form and substance acceptable to Secured Party, on behalf of Buyers. “Servicing Records”: All servicing agreements, files, documents, records, data bases, computer tapes, copies of computer tapes, proof of insurance coverage, insurance policies, appraisals, other closing documentation, payment history records, and any other records relating to or evidencing the servicing of a Mortgage Loan. “Servicing Rights”: The contractual, possessory or other rights of Debtor, Servicer or any other Person, whether arising under a Servicing Agreement, the Custodial Agreement or otherwise, to administer or service a Mortgage Loan or to possess related Servicing Records.