Examples of Subsequent Home Loan in a sentence
The Seller hereby confirms that each of the conditions set forth in Section 2.2(b) of the Home Loan Purchase Agreement are satisfied as of the date hereof and further represents and warrants that each Subsequent Home Loan complies with the requirements of this Agreement and Section 2.2(c) of the Home Loan Purchase Agreement.
The Purchase Price paid for any Subsequent Home Loan by the Indenture Trustee from funds on deposit in the Pre-Funding Account, at the direction of the Issuer, shall be one-hundred percent (100%) of the Subsequent Cut-Off Date Principal Balance thereof (as identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement provided by GMACM).
In addition, the Affiliated Holder may, at its option, effect an early redemption of the Notes on or after any Distribution Date on which the Pool Principal Balance declines to 10% or less of the Pool Principal Balance of the Initial Home Loans and Subsequent Home Loan conveyed to the Trust as of their respective Cut-Off Dates.
The Purchase Price paid for any Subsequent Home Loan by the Indenture Trustee from funds on deposit in the Pre-Funding Account, at the direction of the Issuer, shall be one-hundred percent (100%) of the Subsequent Cut-Off Date Principal Balance thereof (as identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement provided by the Seller).
The Purchase Price paid for any Subsequent Home Loan by the Indenture Trustee from funds on deposit in the Pre-Funding Account, at the written direction of the Issuer, shall be one-hundred percent (100%) of the Subsequent Cut-Off Date Principal Balance thereof (as identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement provided by GMACM).
ASSUMED POOL PRINCIPAL BALANCE: With respect to any Payment Date, the sum of (i) the Initial Pool Principal Balance, (ii) the Cut-Off Date Principal Balance of each Subsequent Home Loan, and (iii) the amount, if any, on deposit in the Pre-funding Account (net of investment income).