Servicing Acquisition definition

Servicing Acquisition means an acquisition permitted under this Agreement of MSRs, Servicing Advances or servicing rights.
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Servicing Acquisition has the meaning specified in Section 6.07(e).
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Servicing Acquisition means a transaction in which a Borrower acquires Fannie Mae DUS Servicing Contracts or Ginnie Mae Servicing Contracts xx a bulk purchase.
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Examples of Servicing Acquisition in a sentence

  • Continued) Fluent Servicing Acquisition (Continued) Price Guarantees are recorded as a liability measured at fair value on the consolidated statement of financial position.

  • DERIVATIVE LIABILITY (Continued) (a) Equity Price Guarantees (Continued) Fluent Servicing Acquisition (Continued) During the three and six months ended June 30, 2020, the Company recorded a (gain) loss of ($640) and $850 on revaluation of the Equity Price Guarantee derivative liability, respectively.

  • Upon and subject to the terms and conditions of the Current Facilities Agreement, Makers may borrow, repay and reborrow at any time before the Revolving Servicing Acquisition Termination/Conversion Date unless and until a Default has occurred under this note, the Current Facilities Agreement or any other Facilities Papers, which the Agent has not declared to have been fully cured or waived.

  • The approval provided by the Pension Fund's designated consultant pursuant to Section 10.15 of the Enhancement Agreement shall be sufficient evidence of the Pension Fund's approval of a proposed Servicing Acquisition for purposes of this Section 4.2(d) unless the Pension Fund shall have communicated in writing its disapproval thereof directly to the Bank..

  • Liquidate, dissolve, ------------------------------------ consolidate or merge or sell any substantial part of its assets, or acquire any substantial part of the assets of another, other than acquisition of (a) Nonrecourse Servicing Contracts acquired in the ordinary course of the Borrowers' business, and (b) the stock or assets of a Person engaged principally in the mortgage banking business and acquired in a Servicing Acquisition.

  • All interest calculations under the Current Servicing Acquisition Notes shall be computed on the basis of the actual number of days elapsed over a year of 360 days -- unless that would produce a usurious interest rate under applicable Law, in which event such rate shall be computed on the basis of the actual number of days elapsed over a year of 365 days, or 366 days in a leap year, to the extent required to prevent or minimize usury.

  • The Borrowers shall have received written approval of the proposed Servicing Acquisition or residual interest ownership for which the requested Revolving Loan is sought from each of (i) the Bank (which approval may be withheld in the Bank's sole discretion) and (ii) the Pension Fund's designated consultant (currently Planxx & Xorax, XXP).

  • The Obligors acknowledge that the 90-day minimum notice period for any such Termination Notice from the Agent was expressly requested by the Obligors, and that the Obligors are satisfied that ninety (90) days is sufficient time for the Obligors to make alternative arrangements for alternative financial facilities if the Majority Warehouse Banks or the Majority Servicing Acquisition Banks, as applicable, elect to accelerate such date of termination as provided in this Section.

  • If no Default exists, the Obligors may elect to have a Eurodollar Rate plus the Applicable Margin, or the Adjusted LIBOR Rate plus the Applicable Margin, apply or continue to apply (as the case may be) to all or a portion of the principal balance of the Warehouse Loans or the Servicing Acquisition Loans.

  • The Obligors agree to neither suffer nor permit the ratio -- measured at the end of each month on or after the Effective Date -- of (a) the Obligors' aggregate Servicing Acquisition Debt to (b) Adjusted Tangible Net Worth to exceed the ratio of 1.5 to 1.


More Definitions of Servicing Acquisition

Servicing Acquisition means a transaction in which the Borrowers acquire Nonrecourse Servicing Contracts with respect to Multi-family Mortgage Loans in a bulk purchase, to the extent that the Lender makes a Servicing Acquisition Advance to finance a part of the cost of the Borrowers' acquisition of such Servicing Contracts.
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Servicing Acquisition means a transaction in which Borrower acquires Fxxxxx Mxx DUS Servicing Contracts or Gxxxxx Mae Servicing Contracts in a bulk purchase.
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Servicing Acquisition means a transaction in which the Company acquires the right to service Mortgage Loans in bulk from one or more Persons, provided that not less than eighty percent (80%) of the outstanding principal balance of such Mortgage Loans are Single- Family Mortgage Loans.
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Servicing Acquisition means the acquisition of a portfolio of Servicing Rights by a Borrower.
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Servicing Acquisition means a transaction in which the Borrowers --------------------- acquire (a) Nonrecourse Servicing Contracts with respect to Multifamily Mortgage Loans, Health Care Mortgage Loans and/or Commercial Mortgage Loans in a bulk purchase, (b) all of the issued and outstanding capital stock (and, if applicable, securities convertible into or other rights to acquire such capital stock) of a corporation (or equivalent interests in a limited liability company, partnership or other entity) that owns, as its primary asset, such Nonrecourse Servicing Contracts, or (c) all or substantially all of the assets of such a corporation or other entity.
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Servicing Acquisition means an acquisition permitted hereunder of MSRs, Servicing Advances or servicing rights.
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Related to Servicing Acquisition

  • REO Acquisition The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.14.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Specified Acquisition means one or more acquisitions of assets or entities or operating lines or divisions in any rolling 12-month period for an aggregate purchase price of not less than $50,000,000.

  • Business Acquisition means the acquisition of a company or any shares or securities or a business or undertaking (or, in each case, any interest in any of them) or the incorporation of a company.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly-owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided that:

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • Asset Sale Agreement means that certain Asset Sale Agreement between Buyer and Seller, dated as of the date hereof.

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Qualified Acquisition means an acquisition or a series of related acquisitions in which the consideration paid by the Credit Parties is equal to or greater than $50,000,000.

  • Servicing Arrangement is defined in Section 11.06(b).

  • Land acquisition means the taking of or alienation of land, buildings or other assets thereon for purposes of the Project.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Make-Whole Acquisition means the occurrence, prior to any Conversion Date, of one of the following:

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Servicing Transfer Date The date on which a Servicing Transfer occurs.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.