Settlement Party definition

Settlement Party has the meaning set forth in Section 6.7(c).
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Settlement Party has the meaning specified in Section 5.24(a).
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Settlement Party means, in connection with each Direct Disbursement Transaction, the party identified in the related Transaction Request as the intended recipient of the applicable Purchase Price and Haircut Amount for such Eligible Asset to be disbursed by Buyer, which party shall be a title company, title insurance agent, escrow company or attorney reasonably acceptable to Buyer in its sole discretion that is a division, subsidiary, licensed agent, or authorized agent of a title insurance underwriter, unaffiliated (unless otherwise agreed by Buyer) with Seller and insured against errors and omissions in such amounts and covering such risks as are at all times customary for its business and with industry standards, to which the origination proceeds for such Mortgage Loan are to be wired in accordance with local law and practice; provided, that each of Amrock, Inc. and its Subsidiaries shall be deemed satisfactory to Buyer while it is an Affiliate of Seller and eligible to act as a settlement party (or closing agent) under applicable Agency Guidelines.
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Examples of Settlement Party in a sentence

  • In connection with any such failed Transaction, Price Differential shall accrue on the Purchase Price disbursed to the Settlement Party from the day of such disbursement (or, if Administrative Agent disbursed such amounts to the Settlement Party after [***], from the day following such disbursement) until the related Purchase Price is returned to Administrative Agent.

  • In connection with a failed Direct Disbursement Transaction, Administrative Agent shall deposit in the Haircut Account, if applicable, the portion of disbursement proceeds allocable to the Haircut Amount returned by a Settlement Party.

  • Such transfer of funds to the applicable Settlement Party on the Purchase Date for any Direct Disbursement Transaction will constitute full payment by Administrative Agent on behalf of Buyers of the Purchase Price for such Mortgage Loan and will be subject to the Lien of the Administrative Agent created hereby.


More Definitions of Settlement Party

Settlement Party means, in connection with each Direct Disbursement Transaction, the party identified in the related Transaction Request as the intended recipient of the applicable Purchase Price and Haircut Amount for such Eligible Asset to be disbursed by Administrative Agent, which party shall be either (a) a title company, title insurance agent, escrow company or attorney reasonably acceptable to Administrative Agent that is a division, subsidiary, licensed agent, or authorized agent of a title insurance underwriter, unaffiliated with Seller (other than LD Settlement Services, LLC and its Subsidiaries (existing as of the date of this Agreement), which is approved by the Administrative Agent as of the date of this Agreement and for so long as it is an Affiliate of Seller and eligible to act as a settlement party under applicable Agency Guidelines) and insured against errors and omissions in such amounts and covering such risks as are at all times customary for its business and with industry standards, to which the origination proceeds for such Mortgage Loan are to be wired in accordance with local law and practice, or LEGAL02/44639412v17
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Related to Settlement Party

  • Settlement Agent means, with respect to any Transaction the subject of which is a Wet-Ink Mortgage Loan, the entity approved by Buyer, in its sole good-faith discretion, which may be a title company, escrow company or attorney in accordance with local law and practice in the jurisdiction where the related Wet-Ink Mortgage Loan is being originated. A Settlement Agent is deemed approved unless Buyer notifies Seller otherwise at any time electronically or in writing.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Settlement means the settlement set forth in this Agreement.

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Settlement Bank means a participant whose PM account or sub-account is used to settle AS payment instructions,

  • Settlement Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • Independent Party means, with respect to a BDC Downstream Fund, (i) if the BDC Downstream Fund has a board of directors (or the equivalent), the board or (ii) if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee of the BDC Downstream Fund.

  • Settlement Administrator means the administrator proposed by the Parties and appointed by the Court to administer the Settlement.

  • Lender Recipient Party means collectively, the Lenders, the Swing Line Lender and the L/C Issuer.

  • Purchaser Party shall have the meaning ascribed to such term in Section 4.8.

  • Settlement Class Counsel refers to Xxxx X. Xxxxxx of Xxxxxx Xxxxxx LLP and Xxxx Xxxxxxxxx of Law Offices of Xxxx X. Xxxxxxxxx, A Professional Corporation.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Settling Parties means, collectively, Defendant and Plaintiffs, individually and on behalf of the Class and all Released Persons.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • BRRD Party means any Underwriter subject to Bail-in Powers.

  • Settlement Class Member means a member of a Settlement Class.

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.

  • Indemnitee Agent Party as defined in Section 9.6.