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 means a transaction in which a Borrower acquires Fannie Mae DUS Servicing Contracts or Ginnie Mae Servicing Contracts ▇▇ a bulk purchase.

Servicing Acquisition has the meaning specified in Section 6.07(e).

Examples of Servicing Acquisition in a sentence

Unless otherwise expressly indicated, each of the terms "Warehouse Bank", "Servicing Acquisition Bank" and "Bank" includes the Agent in its individual capacity.
The Company agrees to pay to the Lender a Servicing Acquisition Commitment Fee in an amount equal to one-fifth percent (0.20~) per annum of the Servicing Acquisition Commitment Amount.
Servicing Acquisition Advances shall be used by the Borrowers solely for the purpose of financing a part of the Servicing Acquisition Cost of a Servicing Acquisition.
Servicing Acquisition Advances shall be made at the request of the Company, in the manner hereinafter provided in Section 2.17 hereof.
In addition to the terms defined elsewhere in the text of this Agreement, these terms are defined as follows: "12/97 Master Servicing Acquisition Notes" is defined in Section 4.4.
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.
Loans made under the Servicing Acquisition Line are called "Servicing Acquisition Loans".
The Company's Obligations in respect of Servicing Acquisition Advances shall be evidenced by a Servicing Acquisition Promissory Note of the Company substantially in the form of Exhibit A-5 attached to the Tenth Amendment to this Agreement.
The Warehousing Promissory Note, the Working Capital Promissory Note, the Term Loan Promissory Note and the Servicing Acquisition Promissory Note are collectively referred to as the "Notes".
The Obligors may elect to prepay the Current Servicing Acquisition Notes in whole or in part at any time without notice, penalty or fee other than the payment of any breakage costs described in the Current Servicing Acquisition Notes with respect to Loans thereunder bearing interest at the Eurodollar Rate plus the Applicable Margin, and all such prepayments shall be applied Ratably to the Current Servicing Acquisition Notes.

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.

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.

Servicing Acquisition means an acquisition permitted hereunder of MSRs, Servicing Advances or servicing rights.

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.

Servicing Acquisition means the acquisition of a portfolio of Servicing Rights by a Borrower.