Delivery and Pricing Sample Clauses
Delivery and Pricing. (a) Loan Level Price Adjustments for MBS Delivery.
(i) Each EA-I Mortgage, EA-II Mortgage and EA-III Mortgage delivered for MBS is subject to payment of the applicable base guaranty fee, as set forth in the applicable MBS pool purchase contract, in addition to payment of the applicable Initiative loan level price adjustment as shown below, plus all other loan level price adjustments that may be applicable to such Mortgage. Additionally, Lender shall identify all EA-I Mortgages, EA-II Mortgages and EA-III Mortgages at delivery with the applicable Special Feature Code as shown below.
(ii) Lender must set up a bank account from which ▇▇▇▇▇▇ Mae can draft loan level price adjustments in accordance with the requirements of the Selling Guide, as amended from time to time.
(iii) Delivery of Mortgages under the Initiative shall be subject to all applicable loan level price adjustments as required by the Selling Guide and the Expanded Approval Eligibility Matrix, in the Desktop Underwriter Guide, both as amended from time to time. In addition, Mortgages under the Initiative are subject to the payment of the general Desktop Underwriter usage fees outlined in the Desktop Underwriter Seller/Servicer Software License and Subscription Agreement between Lender and ▇▇▇▇▇▇ ▇▇▇.
(iv) Please note that any loan level price adjustment associated with the delivery and profile of Mortgages underwritten through Desktop Underwriter are subject to change at any time during the term of this Master Agreement. These changes will be reflected in the Desktop Underwriter Guide or other written notice from ▇▇▇▇▇▇ Mae.
(v) Mortgages described in Paragraph 5(b)(ii) below are not eligible for delivery for MBS.
(b) Cash Execution.
(i) All EA-I Mortgages, EA-II Mortgages and EA-III Mortgages are eligible for delivery for cash.
(ii) All EA-II Mortgages and EA-III Mortgages that include the Timely Payment Rewards feature are eligible for delivery only for cash.
(iii) In addition to the cash pricing described in subparagraph (iv) below, each Mortgage is subject to the payment of all other loan level price adjustments that may be applicable to such Mortgage. Lender shall identify all Mortgages at delivery with the applicable Special Feature Code as shown below.
(iv) To obtain ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ pricing, Lender may go to ▇▇▇▇▇▇▇▇▇▇.▇▇▇ and select "eCommitting" under the Lending and Servicing menu or call the Cash Commitment Window for separate commitments at ▇-▇▇▇-▇▇▇-▇▇▇▇ and select Option 5. At deli...
Delivery and Pricing
