Repurchase Assets definition

Repurchase Assets has the meaning assigned thereto in Section 8 hereof.

Repurchase Assets has the meaning set forth in Section 4.02(c).

Repurchase Assets shall have the meaning specified in Section 6(a) hereof.

Examples of Repurchase Assets in a sentence

• Seller also waives any defense (other than a defense of payment or performance) Seller might otherwise have arising from the use of nonjudicial process, enforcement and sale of all or any portion of the Repurchase Assets, or from any other election of remedies.

• All authorizations and agencies herein contained with respect to the Repurchase Assets are irrevocable and powers coupled with an interest.

• This Agreement shall for any reason cease to create a valid, first priority security interest in any material portion of the Repurchase Assets purported to be covered hereby.

• If any notice of a proposed sale or other disposition of Repurchase Assets shall be required by law, such notice shall be deemed reasonable and proper if given at least ten (10) days before such sale or other disposition.

• Seller shall do all things necessary to preserve the Purchased Mortgage Loans and the related Repurchase Assets so that they remain subject to a first priority perfected security interest hereunder.

More Definitions of Repurchase Assets

Repurchase Assets shall have the meaning provided in Section 8(a) of the Agreement.

Repurchase Assets shall have the meaning provided in Section 9(a)(i) hereof.

Repurchase Assets is defined in Section 9.

Repurchase Assets shall have the meaning provided in Section 9(a) hereof. “Repurchase Date” shall mean the earliest of (x) the Termination Date, (y) any date determined by application of the respective Maximum Transaction Duration, (z) the date on which Seller is to repurchase the Purchased Mortgage Loans subject to a Transaction from Buyer on a date requested pursuant to Section 4 hereof, including any date determined by application of the provisions of Sections 3 or 4 or 15 hereof. “Repurchase Notice” shall have the meaning provided in Section 4(c) hereof. “Repurchase Price” shall mean, with respect to any Purchased Mortgage Loan as of any date of determination, an amount equal to the applicable Purchase Price minus (A) any payments made by or on behalf of Seller in reduction of the outstanding Repurchase Price in each case before or as of such determination date with respect to such Purchased Mortgage Loan, plus (B) (i) any accrued and unpaid Price Differential, and (ii) any other amounts due and payable under this Agreement with respect to such Purchased Mortgage Loan, including if applicable, any fee due pursuant to the Pricing Side Letter. “Required Insurance Policy” shall mean any Fidelity Insurance Policy, Errors and Omissions Insurance Policy, and Professional Liability Insurance Policy. “Requirement of Law” shall mean with respect to any Person, any law, treaty, rule or regulation or determination of an arbitrator, a court or other Governmental Authority, applicable to or binding upon such Person or any of its Property or to which such Person or any of its Property is subject. “Reserve Account” shall mean a segregated account established at the Reserve Account Bank, in the name of Seller and subject to a Reserve Account Control Agreement with Buyer which shall at all times contain a balance at least equal to the Reserve Account Threshold, as such amount may be subject to set off by Buyer with respect to any Obligations. “Reserve Account Bank” shall mean BMO Xxxxxx Bank N.A., and any successor thereto under the Reserve Account Control Agreement. “Reserve Account Control Agreement” shall mean a blocked account control agreement providing the Buyer with control at all times over the Reserve Account. “Reserve Account Threshold” shall have the meaning set forth in the Pricing Side Letter. 23

Repurchase Assets shall have the meaning provided in Section 9(a)(i) hereof. “Repurchase Date” shall mean, with respect to each Purchased Asset, the earliest to occur of (a) the Termination Date, (b) the date of an Optional Repurchase pursuant to Section 3(e) hereof, (c) the date of a mandatory repurchase pursuant to Section 4 hereof, (d) the Accelerated Repurchase Date, (e) the date on which such Purchased Asset has been paid in full,

Repurchase Assets. Seller agrees to xxxx its records to evidence the interests granted to Buyer hereunder.

Repurchase Assets has the meaning set forth in the PC Repurchase Agreement.