Common use of Amount Outstanding Clause in Contracts

Amount Outstanding. The amount represented by Seller to Buyer as owing by an obligor under each Mortgage Loan being serviced under a Servicing Contract is the correct amount actually owing by that obligor.

Appears in 1 contract

Sources: Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Amount Outstanding. The amount represented by Seller to Buyer Administrative Agent as owing by an obligor under each Mortgage Loan being serviced under a Servicing Contract is the correct amount actually owing by that obligor.

Appears in 1 contract

Sources: Master Repurchase Agreement (Rocket Companies, Inc.)