Underlying Seller definition

Underlying Seller. With respect to each Mortgage Loan, WFHM, GMAC, Chevy Chase, Countrywide, Cendant, WMBFA, Nexstar, E*TRADE, or E-Loan, as indicated on the Mortgage Loan Schedule.

Underlying Seller means, with respect to each Eligible Property Under Contract, the Person that is the seller, optionor or other grantor of any applicable interest under the Underlying Agreement, as set forth on the Property Schedule.

Underlying Seller. With respect to each Mortgage Loan, Countrywide and Bank of America, as indicated on the Mortgage Loan Schedule.

Examples of Underlying Seller in a sentence

• The representations and warranties made by the related Underlying Seller and the remedies for breach thereof will be assigned to the Issuer on the Closing Date pursuant to, and to the extent provided in the related Assignment Agreement.

• If the Trustee or the Custodian, as its agent, finds any document constituting part of the Mortgage File not to have been executed or received, or to be unrelated to the Mortgage Loans identified in Exhibit B or to appear to be defective on its face, the Trustee or the Custodian, as its agent, shall promptly notify the related Seller, KKR Financial or the Underlying Seller, as applicable.

• After such notification to the Mortgage Loan Seller or the related Underlying Seller, as applicable, and, if any such excess exists, upon receipt of certification from the Master Servicer that such excess has been deposited in the Payment Account, the Indenture Trustee shall accept such Substitute Mortgage Loan which shall thereafter be deemed to be a Mortgage Loan hereunder.

• Such policy of insurance shall cover any claims of damages suffered by persons or property resulting from any acts or omissions of Optionee, Optionee’s employees, agents, contractors, suppliers, consultants or other related parties, shall have aggregate liability limits of not less than Two Million Dollars ($2,000,000.00) for bodily injury, personal injury and property damage liability, and shall name Optionor, Underlying Seller and their respective successors and assigns as additional insureds.

• The obligations of the Mortgage Loan Seller or the related Underlying Seller, as applicable, to substitute or repurchase, as applicable, a Mortgage Loan shall be the Issuing Entity’s, the Indenture Trustee’s and the Noteholders’ sole remedy for any breach thereof, notwithstanding that Alesco Financial Inc.

More Definitions of Underlying Seller

Underlying Seller. With respect to the ________ Loans, ________. With respect to the ______ Loans, ____.

Underlying Seller. With respect to each Mortgage Loan, Countrywide and Wxxxx Fargo as indicated on the Mortgage Loan Schedule.

Underlying Seller. With respect to each Mortgage Loan, ABN AMRO, Countrywide, Cendant, GMAC, Chevy Chase, E-Loan, National City or WFHM, as indicated on the Mortgage Loan Schedule.

Underlying Seller. With respect to each Mortgage Loan, IndyMac, Ameriquest Mortgage Company, Quicken Loans, Inc., The New York Mortgage Corporation and Weichert, as indicated on the Mortgage Loan Schedule. Underwriter: Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

Underlying Seller. With respect to each Mortgage Loan, Countrywide Home Loans, Inc., EverHome, BancMortgage, Platinum, Quicken, WinStar, Market Street, Aegis, Pinnacle, Xxxx Financial, Metrocities or SouthStar, as indicated on the applicable Mortgage Loan Schedule.

Underlying Seller. With respect to each Mortgage Loan, ABN AMRO, Countrywide, First Republic, National City or Washington Mutual as indicated on the Mortgage Loan Schedule.

Underlying Seller. With respect to each Mortgage Loan, HomeBanc and SouthStar, as indicated on the Mortgage Loan Schedule.