Recapture Payment means the payment due to the Cedant in respect of the recapture of the Reinsured Liabilities pursuant to Article XII or upon the occurrence of a Reinsurer Termination pursuant to Section 11.5, as set forth on the Final Recapture Payment Statement.
Recapture Payment means, for each month, the sum of the following: (i) the product of (A) .040, and (B) the fair market value of the Servicing Rights relating to New Mortgage Loans subject to the first 15% of Recapture Rate for such month, plus (ii) the product of (A) .035, and (B) the fair market value of the Servicing Rights relating to New Mortgage Loans subject to the Recapture Rate in excess of 15% and up to 30% for such month, plus (iii) the product of (A) .030, and (B) the fair market value of the Servicing Rights relating to New Mortgage Loans subject to the Recapture Rate in excess of 30% for such month.
Recapture Payment means for the applicable year, an amount equal to the Per Employee Amount multiplied by the difference between the Employment Obligation and the number of FTEs shown on the AER.
Examples of Recapture Payment in a sentence
Such Recapture Payment shall be made within five (5) calendar days of the relevant Mortgage Loan Identification Date.
In consideration for such waiver and for other value received, the Servicer shall wire to the MSR Owner cash in an amount equal to the Recapture Payment.
More Definitions of Recapture Payment
Recapture Payment means the amount calculated in accordance with Schedule C.
Recapture Payment as defined in Section 1.8.
Recapture Payment means, for Refinance Mortgage Loans, the Refinance Recapture Payment, and, for Purchase Mortgage Loans, the Purchase Recapture Payment.
Recapture Payment shall be defined as: (i) to the extent the Grantee beneficially owns any shares of Common Stock issued upon exercise of any portion of the Option, a sum (in immediately available funds) equal to the excess of (i) the Fair Market Value of said shares over (ii) the aggregate exercise price paid for said shares of Common Stock.; or (ii) to the extent the Grantee has sold or otherwise disposed of any shares of Common Stock issued upon exercise of any portion of the Option, a sum (in immediately available funds) equal to the excess of (i) the gross proceeds or other benefits to the Grantee from the disposition of said shares over (ii) the aggregate exercise price paid for said shares of Common Stock.
Recapture Payment shall have the meaning set forth at Section 10 herein.
Recapture Payment. Means an amount equal to the Target Reserve Deficiency in Accounting Periods for Which the Ceding Company elects a Quote Share Adjustment and zero otherwise.
Recapture Payment means an amount calculated in accordance with Exhibit 2 – Recapture Payment attached to this Agreement;