Xxxxxx Xxx MSRs definition

Xxxxxx Xxx MSRs means MSRs held by the Borrower with respect to Mortgage Loans owned, or that have been securitized in mortgage-backed Securitization transactions guaranteed by, Xxxxxx Mae and pledged to the Administrative Agent, for the benefit of the Lenders, pursuant to this Agreement.
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Xxxxxx Xxx MSRs means mortgage servicing rights held by the Borrower with respect to Xxxxxx Xxx Mortgage Loans that have been pooled for mortgage-backed securities guaranteed by Xxxxxx Xxx, which mortgage servicing rights are pledged to the Administrative Agent, for the benefit of the Secured Parties, pursuant to this Agreement and subject to the terms and conditions of the Acknowledgment Agreement. For the avoidance of doubt, the Xxxxxx Xxx MSRs shall be identified on the Schedule of Eligible MSR Collateral or the Schedule of Ineligible MSR Collateral and updated no less frequently than monthly and delivered to the Administrative Agent as part of the Monthly Report.
Sample 1
Xxxxxx Xxx MSRs means MSRs held by the Guarantor with respect to Mortgage Loans owned by Xxxxxx Xxx and subject to the Xxxxxx Xxx Acknowledgment Agreement.
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Examples of Xxxxxx Xxx MSRs in a sentence

  • The Borrower shall at all times maintain a current list (which may be stored in electronic form) of all Xxxxxx Xxx MSRs.

  • The Borrower shall not sell, assign, transfer or otherwise Dispose of, any of the Xxxxxx Xxx MSRs or any interest therein, other than Dispositions of the Xxxxxx Xxx MSRs (i) resulting from the payoff of the related Xxxxxx Xxx Mortgage Loans, (ii) as required by Xxxxxx Xxx, or (iii) in accordance with the Transaction Documents and the Acknowledgment Agreement.

  • Except as expressly permitted herein and in the Transaction Documents, the Borrower shall not sell, assign (by operation of law or otherwise) or otherwise Dispose of any the Xxxxxx Xxx MSRs or any interest therein (other than as required by Xxxxxx Xxx) if a Borrowing Base Deficiency shall exist or result therefrom or if the conditions set forth in Section 2.10(c) cannot be met at the time of such Disposition.

  • The Borrower will maintain all such Records in good and complete condition in accordance with industry practices for assets similar to the Xxxxxx Xxx MSRs and preserve them against loss.

  • No Lien imposed pursuant to any Environmental Law has attached to any Collateral or Xxxxxx Xxx MSRs and, to the knowledge of the Borrower, no conditions exist that would reasonably be expected to result in the imposition of such a Lien on any Collateral or Xxxxxx Xxx MSRs.

  • Greater than (i) [***] of the Borrower’s servicing portfolio consisting of Xxxxxx Xxx mortgage loans is seized or terminated in any single event or series of events arising from the same or substantially similar circumstances or occurrences, or (ii) at any one time, [***] of the aggregate Xxxxxx Xxx MSRs shall have been subject to an unresolved mandatory repurchase for a period of more than 30 calendar days.

  • The Borrower shall not permit any of the Xxxxxx Xxx MSRs to be subject to any servicing contract or subservicing arrangement, unless such contract or arrangement is (i) permitted by the Xxxxxx Xxx Servicing Contract, (ii) with an Approved Subservicer pursuant to an Approved Subservicing Agreement and (iii) has been consented to in writing by the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed).

  • The Borrower shall service all Xxxxxx Xxx MSRs in accordance with the Xxxxxx Xxx Agency Guide in all material respects.

  • Greater than (i) [***]% of the Borrower’s servicing portfolio consisting of Xxxxxx Xxx loans is seized or terminated in any single event or series of events arising from the same or substantially similar circumstances or occurrences, or (ii) at any one time, [***]% of the aggregate Xxxxxx Xxx MSRs (individually or in the aggregate) shall have been subject to an unresolved mandatory repurchase for a period of more than [***].

  • Greater than (i) [***]% of the Guarantor’s servicing portfolio consisting of Xxxxxx Xxx loans is seized or terminated in any single event or series of events arising from the same or substantially similar circumstances or occurrences, or (ii) at any one time, [***]% of the aggregate Xxxxxx Xxx MSRs (individually or in the aggregate) shall have been subject to an unresolved mandatory repurchase for a period of more than [***] calendar days.


More Definitions of Xxxxxx Xxx MSRs

Xxxxxx Xxx MSRs means mortgage servicing rights of the Borrower with respect to Mortgage Loans owned, or that have been securitized in mortgage-backed Securitization transactions guaranteed by, Xxxxxx Mae.
Sample 1
Xxxxxx Xxx MSRs means MSRs held by the Borrower with respect to Mortgage Loans owned by Xxxxxx Xxx. For the avoidance of doubt, Xxxxxx Xxx MSRs does not include Excess Yield pertaining to any Released Excess Yield Mortgage.
Sample 1

Related to Xxxxxx Xxx MSRs

  • Xxxxx XX The segregated pool of assets consisting of all of the REMIC I Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the REMIC II Regular Interests and the Holders of the Class R (as holders of the Class R-II Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • Xxxxxx Xxxx “Xxx Xxxxxxx”

  • Xxxxxx Xxx The Federal National Mortgage Association or any successor thereto.

  • Xxxxx Xxxx has the same meaning as “CAISO Controlled Grid” as defined in the CAISO Tariff.

  • Xxxxxxx Xxxx Xxxx Xxxxx”

  • Xxxx Xxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xx. Xxxx xxxxx Xxxxxx Xxxxxx generally accepted accounting principles consistently applied.

  • Xxxx XXX Means an individual retirement account as defined in Code Section 408A.

  • Xxx Xxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xxxxxxxx Xxxx means the type of charge that a xxxxxxx has on somebody else’s goods when he does work on the goods. The xxxxxxx may keep the goods until he is paid for the work and if he is not paid he may sell them. A mechanic will have a xxxxxxx’x xxxx on your car if he does work on it at his garage. Any expression not described or defined in this agreement shall have the meaning given to it in the Credit Contracts and Consumer Finance Act 2003 unless the context requires otherwise. Unless the context prevents it, the singular shall include the plural and vice versa and one gender includes others to the effect that, for example, “he” includes “they”, “she” and “it”.

  • Xxxx Xxxxxx “Xxx Xxxx”

  • Xxxxx Xxxxxx Xxxx Xxxxxx”

  • Xxxxxx Xxxxx Xxxx Xxxxxx”

  • Sxxxxxxx-Xxxxx means the Sxxxxxxx-Xxxxx Act of 2002.

  • Xxx Xxxxxx Xxxx Xxxxx” ”Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxx Xxxxxxx Xxxxxx Xxxxx” ”Xxxxxx Xxxxxx” ”Xxxxx Xxxxxxxx”

  • XXX Xxx xxans the Hart-Xxxxx-Xxxxxx Xxxitrust Improvements Act of 1976, as amended.

  • Xxxxx Xxxxx “Xxx Xxxxxx”

  • Xxxxxxx Xxxxx means Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

  • Xxxxxx Xxxxxx “Xxxxx Xxxxxxxx”

  • Xxxxx Xxxxxxx Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxx Xxxxxxx “Xxxxx Xxxxxxx” “Xxxxx Xxxxx”

  • Xxx Xxxxx “Xxxxxxx Xxxxxxxxx”

  • Xxxx Xxxxx Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • X.X. Xxxxxx shall have the meaning set forth in the preamble.

  • Xxxx Xxxxxxxx Xxxxx Xxxxxxxx”