Underlying Seller definition

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.

Underlying Seller. With respect to each Mortgage Loan, Countrywide and Wxxxx Fargo 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.

• If a Responsible Officer of the Indenture Trustee has actual knowledge of any breach of any representation or warranty made by the Mortgage Loan Seller in the Mortgage Loan Purchase Agreement or by the Underlying Sellers under the related Sale Agreements, the Indenture Trustee shall promptly notify the Mortgage Loan Seller or the related Underlying Seller, as applicable, to cure such defect or repurchase or substitute for the related Mortgage Loan.

• 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 Underlying Seller and the Mortgage Loan Seller.

• After such notification to the Underlying Seller or the Mortgage Loan Seller, as applicable, and, if any such excess exists, upon receipt of such deposit, the Trustee shall accept such Qualified Substitute Mortgage Loan or Substitute Mortgage Loan, as applicable, which shall thereafter be deemed to be a Mortgage Loan hereunder.

More Definitions of Underlying Seller

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

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, GreenPoint, MortgageIt or Washington Mutual, as indicated on the Mortgage Loan Schedule.

Underlying Seller. With respect to each Mortgage Loan, Bank of America, Countrywide, Cendant, Chevy Chase or Washington Mutual, as indicated on the Mortgage Loan Schedule.

Underlying Seller. With respect to each Mortgage Loan, ABN AMRO, Countrywide, Cendant, GMAC, Chevy Chase, MLCC, Mortgage IT, Quicken or WFHM, as indicated on the Mortgage Loan Schedule.