Takeout Investor Sample Clauses

Takeout Investor. The Existing MLPSA is hereby amended by deleting all references to “Approved Investor” (other than in the definition of “Approved Investor”) in their entirety and replacing them with “Takeout Investor”.
Sample 1Sample 2
AutoNDA by SimpleDocs
Takeout Investor. Seller shall direct each Takeout Investor purchasing a Purchased Mortgage Loan to pay directly to Buyer, by wire transfer of immediately available funds, the purchase price set forth in the applicable Purchase Commitment. In addition, Seller shall provide Buyer with a Purchase Advice relating to such payment. Seller shall not attempt to modify or otherwise change the wire instructions for payment of the purchase price provided to the Takeout Investor by Buyer or Custodian. Buyer may reject any amount received from a Takeout Investor and not release the related Purchased Mortgage Loan if (a) Buyer does not receive a Purchase Advice in respect of any wire transfer or (b) such funds are not sufficient to pay the Repurchase Price and all other costs relating to such Purchased Mortgage Loan owed by Seller to Buyer. If the amount received from the Takeout Investor does not equal or exceed the Repurchase Price and all other costs owed by Seller to Buyer relating to such Purchased Mortgage Loan, Buyer may deduct such amounts from the Over/Under Account or demand payment of such amount from Seller. If Seller receives any funds from a Takeout Investor intended for Buyer, Seller shall hold such funds in trust for Buyer and immediately pay to Buyer all such amounts by wire transfer of immediately available funds. Except as provided otherwise in this Repurchase Agreement, to the extent that Buyer receives any funds from a Takeout Investor with respect to the purchase by such Takeout Investor of a Purchased Mortgage Loan, Buyer shall promptly apply such funds in accordance with the same order of priority set forth in Section 5.2 hereof.
Sample 1

Related to Takeout Investor

  • Purchaser Purchaser was formed solely for the purpose of engaging in the Transactions and activities incidental thereto and has not engaged in any business activities or conducted any operations other than in connection with the Transactions and those incident to its formation. Either Parent or a wholly owned subsidiary of Parent owns beneficially and of record all of the outstanding capital stock of Purchaser.

  • The Purchaser (a) is not an employee benefit or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan within the meaning of the Department of Labor ("DOL") regulation at 29 C.F.R. ss.2510.3-101; or

  • Investor 2.1 The Investor, by following a Strategy of a Strategy Provider, hereby agrees to the following:

  • The Seller Subsection 14.01 Additional Indemnification by the Seller; Third Party Claims........................................... Subsection 14.02 Merger or Consolidation of the Seller..................

  • Originator The Person that originated the Mortgage Loan pursuant to a written agreement with the related Mortgagor.

  • Mortgage Loan Transfer (a) The Purchaser will be entitled to all scheduled payments of principal and interest on the Mortgage Loans due after the Cut-off Date (regardless of when actually collected) and all payments thereon, other than scheduled principal and interest due on or before the Cut-off Date but received after the Cut-off Date. The Mortgage Loan Seller will be entitled to all scheduled payments of principal and interest on the Mortgage Loans due on or before the Cut-off Date (including payments collected after the Cut-off Date) and all payments thereon, other than scheduled principal and interest due after the Cut-off Date but received on or before the Cut-off Date. Such principal amounts and any interest thereon belonging to the Mortgage Loan Seller as described above will not be included in the aggregate outstanding principal balance of the Mortgage Loans as of the Cut-off Date as set forth on the Final Mortgage Loan Schedule.

  • Eligible Purchasers This Master Contract may be utilized by any of the following types of entities (“Purchaser”):

  • Portfolio Securities Portfolio securities of the Issuer may be bought or sold by or through Distributors, and Distributors may participate directly or indirectly in brokerage commissions or "spreads" for transactions in portfolio securities of the Issuer.

  • Purchaser Financing Purchaser assumes full responsibility to obtain the funds required for settlement, and Purchaser’s acquisition of such funds shall not be a contingency to the Closing.

  • MORTGAGE LOAN ORIGINATOR EDUCATION 1. Prior to the submission of a new application for any new mortgage loan originator license or, as applicable, the filing of a petition for the reinstatement of an MLO Activity Endorsement in any Participating State as provided for in Section II, Paragraph 2 of this Order, the Respondent will be required to complete the following mortgage loan originator education requirements:

Time is Money Join Law Insider Premium to draft better contracts faster.