Replacement Cut-Off Date definition

Replacement Cut-Off Date. With respect to any Qualified Replacement Mortgage, the first day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.
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Replacement Cut-Off Date. With respect to any Qualified Replacement Mortgage, the second day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.
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Replacement Cut-Off Date. With respect to any Qualified Replacement Mortgage, the close of business on the tenth day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.
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Examples of Replacement Cut-Off Date in a sentence

  • No application for approval shall be considered by the Servicer unless: (x) the provisions of the related Note and Mortgage have been complied with; (y) the Loan-to-Value Ratio and debt-to-income ratio after any release does not exceed the Loan-to-Value Ratio and debt-to-income ratio of such Note on the Cut-Off Date or Replacement Cut-Off Date, as applicable, and any increase in the Loan-to-Value Ratio shall not exceed 5%; and (z) the lien priority of the related Mortgage is not affected.

  • These items assess the individual’s ability to enjoy and draw pleasure from routine life activities.

  • Within one Business Day of the Closing Date, and on each Subsequent Transfer Date and each Transfer Date, the Sponsor shall cause the Master Servicer to deposit to the Principal and Interest Account all receipts related to the related Mortgage Loans received after the Initial Cut-Off Date or related Replacement Cut-Off Date or related Subsequent Cut-Off Date, as the case may be.

  • In connection with the delivery of any Qualified Replacement Mortgage Loan, if the outstanding principal amount of such Qualified Replacement Mortgage Loan as of the applicable Replacement Cut-Off Date is less than the related Principal Balance of the Mortgage Loan being replaced, an amount equal to such difference together with accrued and unpaid interest on such amount calculated at the Coupon Rate, net of the Servicing Fee, of the Mortgage Loan being replaced.

  • No application for approval shall be considered by the Servicer unless: (x) the provisions of the related Note and Mortgage have been complied with; (y) the Loan-to-Value Ratio and debt-to-income ratio after any release does not exceed the Loan-to-Value Ratio and debt-to-income ratio of such Note on the Cut-Off Date or Replacement Cut-Off Date, as applicable, and any increase in the Loan-to-Value Ratio shall not exceed ___%; and (z) the lien priority of the related Mortgage is not affected.

  • In connection with the delivery of any Qualified Replacement Mortgage, if the outstanding principal amount of such Qualified Replacement Mortgage as of the applicable Replacement Cut-Off Date is less than the related Principal Balance of the Mortgage Loan being replaced as of such Replacement Cut-Off Date, an amount equal to such difference together with accrued and unpaid interest on such amount calculated at the Loan Rate net of the related Servicing Fee, if any, of the Mortgage Loan being replaced.

  • On the Closing Day, and on each Subsequent Transfer Date and each Transfer Date, the Originator shall cause the Master Servicer to deposit to the Principal and Interest Account all receipts related to the related Mortgage Loans received after the Initial Cut-Off Date or related Replacement Cut-Off Date or related Subsequent Cut-Off Date, as the case may be.

  • In connection with the delivery of any Qualified Replacement Mortgage Loan, if the outstanding principal amount of such Qualified Replacement Mortgage Loan as of the applicable Replacement Cut-Off Date is less than the related Principal Balance of the Mortgage Loan being replaced, an amount equal to such difference together with accrued and unpaid interest on such amount calculated at the Coupon Rate, net of the related Servicing Fee, of the Mortgage Loan being replaced.


More Definitions of Replacement Cut-Off Date

Replacement Cut-Off Date. With respect to any Qualified Substitute Mortgage Loan, the later of (i) the first day of the calendar month in which such Qualified Substitute Mortgage Loan is conveyed to the Trust Fund and (ii) the date of origination thereof, if any such Qualified Substitute Mortgage Loan is originated in the month in which such Qualified Substitute Mortgage Loan is conveyed to the Trust Fund.
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Replacement Cut-Off Date. With respect to any Home Equity Loan, the first day of the calendar month in which such Home Equity Loan is conveyed to the Issuer.
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Replacement Cut-Off Date means the date which is 5 Business Days following the Mandatory Redemption Notification Date.
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Replacement Cut-Off Date. With respect to any Qualified Substitute Home Equity Loan, the first day of the calendar month in which such Qualified Substitute Home Equity Loan is conveyed to the Trust.
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Related to Replacement Cut-Off Date

  • Subsequent Cut-off Date With respect to those Subsequent Mortgage Loans sold to the Trust Fund pursuant to a Subsequent Transfer Instrument, the later of (i) first day of the month in which the related Subsequent Transfer Date occurs or (ii) the date of origination of such Mortgage Loan.

  • Additional Cut-Off Date means (a) with respect to Lump Addition Accounts or Participation Interests, the date specified as such in the notice delivered with respect thereto pursuant to Section 2.09(d) and (b) with respect to New Accounts, the date on which such New Accounts are originated.

  • Removal Cut-Off Date means, with respect to the Removed Accounts, .

  • Initial Cut-Off Date With respect to any Initial Mortgage Loan, the later of (i) the date of origination of such Mortgage Loan and (ii) March 1, 2006. Initial Cut-off Date Pool Principal Balance: $517,241,872.77.

  • Addition Cut-Off Date means, with respect to the Additional Accounts designated hereby, .

  • Notice Cut-off Date means the date specified as such in the Conversion Shares Settlement Request Notice, which date shall be at least forty (40) Business Days following the Suspension Date.

  • Cut-off Date With respect to each Original Mortgage Loan, December 1, 1998. With respect to all Qualified Substitute Mortgage Loans, their respective dates of substitution. References herein to the "Cut-off Date," when used with respect to more than one Mortgage Loan, shall be to the respective Cut-off Dates for such Mortgage Loans.

  • Reference Cut-Off Date means the eighth Scheduled Trading Day immediately following the Scheduled Reference Date or, if earlier, the Scheduled Trading Day falling on or immediately preceding the second Business Day immediately preceding the due date on which payment of any amount or delivery of any assets may have to be made pursuant to any calculation or determination made on such Reference Date, provided that the Reference Cut-Off Date shall not fall prior to the original date on which such Reference Date was scheduled to fall.

  • Series Cut-Off Date means the date designated as such in the Series Term Sheet.

  • Subsequent Cutoff Date means the date specified in the related Additional Sale Agreement agreed to by the Seller and the Purchaser for the purposes of determining the Principal Balance and accrued interest to be capitalized, as applicable, for purposes of completing each related Loan Transmittal Summary Form.

  • Cut-off Date Pool Balance The aggregate Cut-off Date Principal Balance of all the Original Mortgage Loans.

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • SOFR Rate Cut-Off Date means the date that is the second U.S. Government Securities Business Day prior to the Interest Payment Date in respect of the relevant Interest Accrual Period or such other date specified in the Final Terms;

  • Cut-off Date Loan Balance means the Loan Balance calculated as of the Cut-off Date.

  • Rate Cut-Off Date means the second U.S. Government Securities Business Day prior to a redemption date or the Maturity Date.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Replacement Date has the meaning set forth in Section 2.08(b).

  • Cut-off Date Balance With respect to any Mortgage Loan or Serviced Companion Loan, the outstanding principal balance of such Mortgage Loan or Serviced Companion Loan, as applicable, as of the Cut-Off Date, after application of all payments of principal due on or before such date, whether or not received.

  • Cut-off Date Pool Principal Balance: $557,457,043.24

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Cut-off Date Principal Balance As to any Mortgage Loan, the Stated Principal Balance thereof as of the close of business on the Cut-off Date.

  • Order Cut-Off Time means 10:00 a.m., New York time, on a Business Day.

  • Initial Cutoff Date means [________], 20[__].

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.