Agency Commitment definition

Agency Commitment means a binding and enforceable agreement on the part of (a) FNMA or FHLMC to issue Mortgage-Backed Securities in exchange for Mortgage Loans or (b) GNMA to guarantee Mortgage-Backed Securities to be issued by Borrower. Agency Commitment includes the FNMA Guide, the FHLMC Guide or the GNMA Guide, as applicable, pursuant to which such Agency Commitment was issued.
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Agency Commitment means a binding and enforceable agreement on the ----------------- part of (a)FNMA or FHLMC to issue Mortgage Backed Securities in exchange for Mortgage Loans or (b) GNMA to guarantee Mortgage Backed Securities to be issued by the Borrower. Agency Commitment includes the FNMA Guide, the FHLMC Guide or the GNMA Guide, as applicable, pursuant to which such Agency Commitment was issued.
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Agency Commitment means a distribution, dealer or sales agency agreement, arrangement or commitment.
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Examples of Agency Commitment in a sentence

  • Agency hereby agrees to provide the HAP Commitment Subsidy, subject to the terms, conditions, and restrictions set forth in the Agency Commitment attached hereto as Exhibit J and incorporated herein.

  • Borrower shall enter into ------------------------------ and maintain Agency Commitments and Take-Out Commitments sufficient at all times to cover each Mortgage Loan and Mortgage Backed Security included in the Mortgage Collateral (including any Mortgage Backed Security to be issued or guaranteed pursuant to an Agency Commitment by which Mortgage Loans included in the Collateral are covered).

  • Subject to the ------------------------------------------ provisions of this agreement and compliance with the FNMA Guide, the FHLMC Guide or the GNMA Guide, as applicable, Agent shall deliver the Mortgage Documents which relate to Pledged Mortgage Loans Allocated to a particular Agency Commitment to or for the account of the relevant Agency and shall release the security interest of Agent to secure the Obligations therein.

  • Upon delivery of the Borrowing ----------------- Request on which each such item is identified, Bank One shall have a valid, enforceable, perfected, first priority Lien and security interest in (i) each Pledged Mortgage Loan, (ii) each Pledged Agency Commitment, and (iii) each Pledged Take-Out Commitment.

  • Subject to the provisions of this ------------------------------ Agreement and compliance with the FNMA Guide, the FHLMC Guide or the GNMA Guide, as applicable, the Agent shall deliver the Mortgage Documents which relate to Pledged Mortgage Loans Allocated to a particular Agency Commitment to or for the account of the relevant Agency and shall, subject to the terms of the Custody Agreement, release BOIA's security interest to secure the Obligations therein.

  • The Borrower ---------------------------------- shall perform and observe in all material respects each of the provisions of each Pledged Agency Commitment and each Pledged Take-Out Commitment on its part to be performed or observed and will cause all things to be done which are necessary to have each item of Collateral Allocated to a Pledged Agency Commitment or a Pledged Take-Out Commitment comply with the requirements thereof.

  • Borrower shall perform and observe ---------------------------------- in all material respects each of the provisions of each Agency Commitment, each Take-Out Commitment and each of the Servicing Agreements on its part to be performed or observed and will cause all things to be done which are necessary to have each item of Mortgage Collateral "covered" (within the meaning given such term in Section 6.20) by an Agency Commitment or a Take-Out Commitment comply with the requirements thereof.

  • Amount/ Member Total # of Member(s) Requested Total Agency Commitment to be transferred (Amount x # of members) Budget Code Object Code Line of Appropriati ons Below are listed the supervisor(s) for the program year.

  • In no event, however, shall Authority or Agency be obligated to approve the assignment or transfer of the HAP Contract, the Agency Commitment, or the Deed of Trust pursuant to this Section 604.3, except to an approved transferee or assignee of the Developer’s rights in and to the Site.

  • Borrower shall perform and ---------------------------------- observe in all material respects each of the provisions of each Agency Commitment, each Take-Out Commitment and each of the Servicing Agreements on its part to be performed or observed and will cause all things to be done which are necessary to have each item of Mortgage Collateral "covered" (within the meaning given such term in SECTION 6.20) by an Agency Commitment or a Take-Out Commitment comply with the requirements thereof.


More Definitions of Agency Commitment

Agency Commitment means that certain Agency Commitment – Agreement Re Subsidy Post-Termination of HAP Contract which evidences the Agency’s promise to provide the HAP Commitment Subsidy (subject to the terms and conditions set forth therein), in substantially the form attached hereto as Exhibit J and incorporated herein.
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Agency Commitment means the Agency’s agreement to pay Developer an amount up to the amount that would be paid under the HAP Contract after the 10-year commitment under such contract expires, in substantially the form of the Agreement Re Subsidy Post-Termination of HAP Contract set forth as Attachment No. 3 and incorporated herein.
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Agency Commitment shall refer to a commitment by an Agency to issue or guaranty an Agency Security, which commitment is valid, binding and in full force and effect.
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Related to Agency Commitment

  • Multicurrency Commitment means, with respect to each Multicurrency Lender, the commitment of such Multicurrency Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars and in Agreed Foreign Currencies hereunder, expressed as an amount representing the maximum aggregate amount of such ▇▇▇▇▇▇’s Revolving Multicurrency Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Multicurrency Commitment is set forth on Schedule 1.01(b), or in the Commitment Increase Supplement or Assignment and Assumption pursuant to which such Lender shall have assumed its Multicurrency Commitment, as applicable. The aggregate amount of the Lenders’ Multicurrency Commitments as of the Effective Date is $50,000,000.

  • Transparency Commitment means the transparency commitment stipulated by the UK government in May 2010 (including any subsequent legislation) in accordance with which the Authority is committed to publishing its contracts, tender documents and data from invoices received;

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.