Purchase Proceeds definition

Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3 or (ii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the Master Servicer, the Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b).

Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3, (ii) the purchase of the Mortgage Loans and REO Properties by the Holders of the Controlling Class, the Master Servicer, the Special Servicer, the Holders of the Class R Certificates or any other applicable Person pursuant to Section 11.1(b), (iii) the purchase of an A Note by a holder of the related B Note in accordance with the terms of the related Intercreditor Agreement or (iv) the purchase of a Mortgage Loan by a holder of a mezzanine loan under the related mezzanine intercreditor agreement.

Purchase Proceeds. With respect to [the Mortgage Loans] [each Mortgage Loan], and as set forth in Exhibit [A] and Exhibit [B] hereto, the sum of (a) the product of (i) the Cut-off Date Balance of [such Mortgage Loan] [such Mortgage Loans], and (ii) the purchase price percentage set forth in Exhibit [A] hereto for such [Mortgage Loan] [Mortgage Loans], and (b) accrued interest from the Cut-off Date through the day prior to the Closing Date, inclusive.

Examples of Purchase Proceeds in a sentence

• FHLBI may offset against the Purchase Proceeds for any Mortgage delivered for purchase by the Seller, or against any other amounts owed by FHLBI to the Seller pursuant to the Program Documents or any other contract or instrument between FHLBI and Seller, any outstanding amounts owed to FHLBI by the Seller or any affiliate of the Seller including, but not limited to the following.

• Microchip will not be deemed in default under this Agreement if it withholds any Purchase Proceeds or other payments because of a bona fide dispute between the Parties.

• Microchip may use Provider’s contact data and other Provider information to: (1) make the Software available for Purchase and for any other purpose relating to the Software as contemplated under this Agreement, (2) transfer or remit the Purchase Proceeds, (3) refer Clients to you in connection with any technical-related complaints or queries regarding the applicable Software; and (4) respond to any queries regarding the Software.

• You may terminate this Agreement for cause if: (1) Microchip fails to pay the undisputed portion of the applicable Purchase Proceeds when due in accordance with this Agreement and does not cure such non-payment within thirty (30) days following your written notice of non-payment; or (2) Microchip materially breached any of its other obligations under this Agreement and does not cure such breach within thirty (30) days following your written notice of breach (“Microchip’s Non-Payment Breach”).

• If the applicable calendar quarter’s Purchase Proceeds are at or below the Payment Method Threshold, then Microchip will, subject to this Agreement’s other terms, initiate transfer or remittance of the applicable Purchase Proceeds, in U.S. Dollars, to the Paypal Account within 60 days following the end of the calendar quarter in which the Purchase occurred.

More Definitions of Purchase Proceeds

Purchase Proceeds. The amount paid on the related Closing Date by the Purchaser to Countrywide in exchange for the Mortgage Loan Package purchased on such Closing Date as set forth in the applicable Purchase Confirmation.

Purchase Proceeds means proceeds received by a utility affiliate from the sale of its preferred interests to a trust.

Purchase Proceeds. The amount paid on the related Closing Date by the Purchaser to Indymac in exchange for the Mortgage Loan Package purchased on such Closing Date as set forth in the applicable Purchase Confirmation.

Purchase Proceeds. The amount paid on the related Closing Date by the Purchaser to Greenpoint in exchange for the Mortgage Loan Package purchased on such Closing Date as set forth in the applicable Purchase Confirmation.

Purchase Proceeds means the proceeds received by a utility

Purchase Proceeds means any cash amounts received by the applicable Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3, (ii) the purchase by the Option Holder of a Mortgage Loan pursuant to Section 9.36 or (iii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the applicable Master Servicer, the applicable Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b).

Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3, (ii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the Master Servicer, the Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b), (iii) the purchase by the Option Holder of a Mortgage Loan pursuant to Section 9.36, (iv) the purchase of an A Note by a holder of the related B Note in accordance with the terms of the related Intercreditor Agreement or (v) the purchase of a Mortgage Loan by a holder of a mezzanine loan under the related mezzanine intercreditor agreement.