Repurchasing Seller definition

Repurchasing Seller. As defined in Section 3.29(a).
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Repurchasing Seller shall have the meaning assigned thereto in Section 3.29.
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Repurchasing Seller has the meaning set forth in Section 8.31(a)
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Examples of Repurchasing Seller in a sentence

  • The Repurchasing Seller shall not be permitted to terminate the Servicer or Special Servicer as servicer or special servicer of the related Repurchased Note.

  • The Special Servicer shall cause such related Repurchased Note to be specially serviced for the benefit of the Repurchasing Seller in accordance with the terms and provisions set forth in this Agreement and shall be entitled to any Special Servicing Fee, Work-out Fee or Liquidation Fee that would be payable to the Special Servicer under this Agreement.

  • All rights of the Lender under the Whole Loan will be exercised by the Servicer or Special Servicer on behalf of the Repurchasing Seller and the Companion Loan Holders to the extent of their respective interest therein (as a collective whole) in accordance with this Agreement, taking into account the interests of each of the holders of the Notes and the subordination of the Trust B Notes to the A Notes.

  • Notwithstanding anything to the contrary contained herein, the total liability of the Repurchasing Seller shall not exceed an amount equal to its pro rata share (based upon its respective principal balance) of the aggregate Mortgage Loan obligations.

  • To the extent that the Repurchasing Seller reimburses any such Nonrecoverable Advances and such amounts are subsequently recovered by the Trust, the Repurchasing Seller shall receive a reimbursement from such recovery to the same extent.

  • If less than 100% of the Nonrecoverable Advances are reimbursed by or on behalf of the Borrower, the Servicer shall reimburse the Trust and the Repurchasing Seller on a pro rata basis from such amounts received from the Borrower.

  • All rights of the mortgagee under the Mortgage Loan will be exercised by the Servicer or Special Servicer, on behalf of the Trust to the extent of its interest therein, the Senior Pari Passu Companion Loan Holders and on behalf of the Repurchasing Seller to the extent of its interest therein (as a collective whole) in accordance with this Agreement.

  • In no event shall the Repurchasing Seller transfer, sell, assign, hypothecate, participate or encumber its Loan Seller Percentage Interest to any Borrower Related Party or any Affiliate of any of the foregoing, and any purported transfer that violates this sentence will be void ab initio unless the portion of the Trust Loan remaining in the Trust is also being transferred, sold, assigned, hypothecated, participated or encumbered to any such Person.

  • If a Seller of a Joint Mortgage Loan (a "Repurchasing Seller") repurchases its respective Mortgage Note(s) (as such term is defined herein) (a "Repurchased Note"), the provisions of this Section 8.31 shall apply prior to the adoption, pursuant to Section 14.3(l), of any amendment to this Agreement that provides otherwise.

  • If less than 100% of the Nonrecoverable Advances are reimbursed by or on behalf of the Borrower, the Servicer shall reimburse the Trust and the Repurchasing Seller on a pro rata basis.

Related to Repurchasing Seller

  • Drag-Along Sellers shall have the meaning set forth in Section 4.2.1.

  • Tag-Along Seller has the meaning set forth in Section 8.5(b).

  • Purchasing Member means a municipal utility which purchases electricity from a municipal electric cooperative association of which it is a member.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Purchasing CLO shall have the meaning set forth in Section 16.3(d) hereof.

  • Prospective Purchaser has the meaning set forth in Section 2.3(b)(i) hereof.

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • Purchasing Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states if authorized by a Participating Addendum, that issues a Purchase Order against the Master Agreement and becomes financially committed to the purchase.

  • Repurchase Price means, with respect to any Loan, first taking the Book Value of the Asset at Bank Closing and either subtracting the Asset discount or adding the Asset premium, and subsequently adjusting that total by (i) adding any advances and interest on such Loan after Bank Closing, (ii) subtracting the total amount received by the Assuming Institution for such Loan after Bank Closing, regardless of how applied, and (iii) adding total disbursements of principal made by Receiver not otherwise included in the Book Value.

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • Purchasing Manager means the person duly authorized to enter into and administer Contracts and make written determinations with respect to the Contract or his or her designee.

  • Prospective Buyer means any person or entity negotiating or offering to become an owner or lessee of residential real property by means of a transfer for value to which this Act applies.

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Transferring Shareholder has the meaning set out in Section 6.1; and

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Purchaser means the organization purchasing the goods.

  • Bona fide purchaser means a person who in good faith makes a purchase without notice of any outstanding rights of others.

  • Public purchasing body means the State or the subdivision or agency making a public purchase. Government Code Section 4550.

  • Third Party Purchaser has the meaning set forth in Section 3.3.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Other Selling Stockholders means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their Other Shares in certain registrations hereunder.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Qualified buyer means an applicant who meets the criteria in section 4.