Basic Eligibility Requirements definition
Basic Eligibility Requirements means a Pledged Item with respect to which each of the following statements is accurate and complete in all material respects:
Basic Eligibility Requirements means, with respect to each Seller, a Mortgage Loan with respect to which each of the following statements is accurate and complete:
Basic Eligibility Requirements for a Pledged Qualifying Loan shall mean that each of the following statements is accurate and complete with respect to such Pledged Qualifying Loan:
More Definitions of Basic Eligibility Requirements
Basic Eligibility Requirements. (except that temporary waivers may be granted for any of clauses (iii)(6), (12) or (13) of such definition) and (y) those described in the definition of "Residential Mortgage Loan", if the aggregate amount of deviation from strict compliance, based on the Collateral Value so included in the Borrowing Base and the amount of excess permitted over the Lending Sublimits or Borrowing Base Sublimits does not exceed $5,000,000 at any time or (ii) as to any matter, up to any amount for up to one (1) Business Day, if the satisfaction of such eligibility requirements or sublimits cannot be independently determined because of events beyond the reasonable control of the Borrower (i.e. natural disasters, transmission failures, etc.), provided that, the Borrower certifies in writing that all such eligibility requirements and sublimits are in fact satisfied.