Takeout Proceeds definition

Takeout Proceeds means as to each Purchased Loan which is subject to a Takeout Commitment, the actual amount of proceeds delivered to the Buyer, for the account of the Buyer, by the applicable Takeout Investor for the purchase of such Purchased Loan.

Takeout Proceeds. With respect to any Mortgage Loan Pool, the related Trade Principal plus accrued interest as calculated in accordance with Section 3(a)(2), as amended by any related Settlement Modification Letter accepted by Purchaser.

Takeout Proceeds means as to each Settlement Date, the actual amount of proceeds delivered to the Lender by the applicable Takeout Investor for the purchase of Mortgage Loans on such Settlement Date.

Examples of Takeout Proceeds in a sentence

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• With respect to each Mortgage Loan subject to a Takeout Commitment, the Seller shall instruct the related Takeout Investor to remit directly to the Buyer, by wire transfer of immediately available funds to the Funding Deposit Account, no later than 5:00 p.m. (New York City time) on a Business Day all Takeout Proceeds in an amount equal to or greater than the Repurchase Price for such Mortgage Loan.

• A portion of the Takeout Proceeds in an amount equal to the Recognized Value of such Mortgage Loan shall be applied to the Repurchase Price of the outstanding Transactions.

• Upon receipt of the Takeout Proceeds, Xxxxxx Mae shall promptly notify the Administrative Agent by electronic transmission at the following addresses: xxxxxxxx.xxxxxxxxx@xxxxxx-xxxxxx.xxx; xxxx.xxxxxxxxxx@xxxxxx-xxxxxx.xxx; xxxx.xxxxxxx-xxxxxxx@xxxxxxxxxxxx.xxx.

• The Servicer shall cause the Takeout Proceeds to be paid to account name Federal National Mortgage Association EARCA Green Tree, account number 0000000000 maintained with Bank of America, ABA #000000000 (for ACH transfers), ABA #000000000 (for wire transfers), 0000 Xxxxxxxxxxx Xxxxxx XX, Xxxxxxxxxx XX 00000.

More Definitions of Takeout Proceeds

Takeout Proceeds means, with respect to any Mortgage Loan, the related Trade Principal plus accrued interest as calculated in accordance with Section 2.01(d).

Takeout Proceeds. The amount of funds Takeout Investor pays to Purchaser on a particular Business Day as identified by the related Settlement Information.

Takeout Proceeds means, with respect to any Purchased Loan, the proceeds received from the sale of the Purchased Loan under the Takeout Commitment.

Takeout Proceeds the amount of funds a Takeout Investor pays with respect to a Mortgage Loan as identified by the related Settlement Information.

Takeout Proceeds means as to each Mortgage Loan pledged to the Agent for the benefit of the Lenders hereunder which is subject to a Takeout Commitment, the actual amount of proceeds delivered to the Agent pursuant to Section 2.07(d) by the applicable Takeout Investor for the purchase of such Mortgage Loans.

Takeout Proceeds means the amount of funds Takeout Investor pays to UBS on a particular Business Day as identified by the related Settlement Information; provided, that the amount of such payment shall be calculated without regard to any set-off, counterclaim or any other adjustment resulting from transactions between MortgageIT and the Takeout Investor.

Takeout Proceeds means, with respect to any Mortgage Loan, the related Trade Principal plus accrued interest as calculated in accordance with SECTION 2.01(D).