Examples of Additional Mortgage Loans in a sentence
The Issuer will only be entitled to apply amounts (if any) standing to the credit of the Pre-Funding Principal Reserve Ledger in purchasing Additional Mortgage Loans on an Additional Purchase Date provided certain conditions are met.
The Mortgage Loans in the Closing Mortgage Portfolio and the Additional Mortgage Loans to be purchased by the Issuer on the relevant Additional Purchase Date in accordance with the terms of the Mortgage Sale Agreement have been originated by the Seller directly.
In the event that the Pre-Funding Principal Reserve is not applied in full in purchasing Additional Mortgage Loans during the Pre-Funding Availability Period, the GeneralReserve Fund shall be reduced by an amount equal to the General Reserve Excess Amount, and shall be applied in partial redemption of the Class Z2 Notes on the first Interest Payment Date.
The Issuer will be entitled to apply amounts (if any) standing to the credit of the Pre-Funding Principal Reserve in purchasing Additional Mortgage Loans at any time during the Pre-Funding Availability Period if and to the extent that the Issuer is permitted to do so by, and in accordance with, the Mortgage Sale Agreement and the Servicing Agreement.
The Seller will also sell the benefit of all collections received (i) in respect of the Closing Mortgage Portfolio, for the period from the Cut-Off Date to the Closing Date and (ii) in respect of the Additional Mortgage Loans, for the period from the relevant Additional Mortgage Loan Cut-Off Date to the relevant Additional Purchase Date.