Examples of Initial Portfolio in a sentence
The maximum original loan to value ratio of Loans in the Initial Portfolio is 95 per cent., (excluding any capitalised high loan to value fee, booking fee or valuation fee).
At least ninety (90) days prior to the Initial Delivery Date, Seller shall provide Buyer with (i) the Seller’s Portfolio List in accordance with Part 3 of this Appendix XIV that demonstrates Units and Customers under contract to Seller sufficient for Seller to deliver Product, as of the Initial Delivery Date (“Seller’s Initial Portfolio List”) and (ii) a description of the Project and Units set forth in Appendix II.
Seller shall provide to Buyer a certification of Seller and a Licensed Professional Engineer, substantially in the form attached hereto as Appendix VI-A, demonstrating the satisfactory completion of the Unit(s) at the Sites that are comprising the Project as set forth in Seller’s Initial Portfolio List as of the Initial Delivery Date and that the Unit(s) comprising the Project as set forth in Seller’s Initial Portfolio List can deliver, in aggregate, the Product.
From the proceeds of that loan, Funding paid the Initial Consideration to the Seller as consideration in part for the assignment by the Seller to the Mortgages Trustee of the Initial Portfolio pursuant to the Mortgage Sale Agreement.
New Loans may only be added in the Initial Portfolio or, as the case may be, the relevant New Portfolio if they are originated in accordance with the lending criteria applicable at the time the relevant Loan is offered and if the conditions contained in this Agreement have been satisfied.