Basic Papers definition

Basic Papers means all of the Loan Papers that must be delivered to the Custodian (in the case of Dry Loans, prior to the related Purchase Date and, in the case of Wet Loans, on or before the seventh Business Day after the related Purchase Date) in order for any particular Purchased Loan to continue to have Market Value. Schedule BP lists the Basic Papers.
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Basic Papers means all of the Loan Papers that must be delivered to the Custodian — in the case of Wet Loans, on or before the seventh (7th) Business Day after the related Advance — in order for any particular item of Collateral to be Eligible Collateral and have Collateral Value. Exhibit D to the Custody Agreement lists the Basic Papers, and reference is here made to the Custody Agreement for that listing.
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Basic Papers means all of the Loan Papers that must be delivered to the Custodian (in the case of Dry Loans, prior to the related Purchase Date and, in the case of Wet Loans, on or before the fifth (5th) Business Day after the related Purchase Date) in order for any particular Purchased Loan to continue to have Market Value. Schedule BP lists the Basic Papers.
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Examples of Basic Papers in a sentence

  • All Basic Papers for each item of Single-family Collateral (except for Wet Loans) will be transmitted to the Custodian with the Submission List with which it is submitted.

  • The Seller shall place all Basic Papers delivered to the Custodian in an appropriate file folder and in a logical order, properly secured, and clearly marked with the Customer’s last name and the Loan Number.

  • The Seller shall not deliver to the Custodian, nor shall the Custodian be required to assume, or deemed to have assumed, custody of the File for any Purchased Loan that does not contain all of the Basic Papers.

  • If either a Request for Borrowing or the Basic Papers for any new Collateral and its related Submission List are submitted late, the Agent will use reasonable efforts to make the requested Advance as a Swing Line Advance on the same Business Day it is requested, although neither the Company nor any other Person shall have any claim or cause of action against the Agent or any of the Lenders if for any reason that funding (or any other funding) does not occur on the same day it is requested.

  • If following such review the related Purchased Loan appears on a Custodian’s Exception Report, then such Purchased Loan shall be excluded from any determination of Purchase Value until such Purchased Loan has been removed from the Custodian’s Exception Report and all Basic Papers for such Purchased Loan are in the possession of the Custodian.

  • If the Current Credit Agreement requires new Collateral to support the requested Advance, (i) the Company has attached and submits herewith the relevant Submission List(s) and (ii) the Basic Papers for all items of Collateral described or referred to therein have been submitted — or are being submitted concurrently herewith — to the Custodian.

  • Concurrently with physical delivery to the Custodian of the Basic Papers to convert Wet Loans previously submitted into Dry Loans, the Seller shall deliver to the Custodian (by either mail or courier) a submission list listing each Mortgage Loan being converted.

  • The Seller shall not deliver to the Buyer, nor shall the Buyer be required to assume, or deemed to have assumed, custody of the File for any Purchased Loan that does not contain all of the Basic Papers.

  • The Purchased Loans on the Exception Report and Purchased Loans whose Basic Papers are returned to the Seller for correction or completion shall not be included by the Buyer in any calculation of Purchase Value after the related Purchase until all such exceptions relating to it are cured, except to the extent (if any) that the Buyer exercises its discretion under Section 4.2(e) to count and include such Purchased Loans in the calculation of Purchase Value.

  • In addition, all Basic Papers that are Electronic Records must be delivered to the Agent electronically, and all other Basic Papers must be delivered as otherwise required by this Agreement.


More Definitions of Basic Papers

Basic Papers means all of the Loan Papers that must be delivered to the Custodian -- in the case of Bridged Loans, on or before the fifth (5th) Business Day after the related Advance -- in order for any particular item of Debt Collateral to be Eligible Collateral and have Collateral Value. The Custody Agreement lists the Basic Papers for each such category of Collateral, and reference is here made to the Custody Agreement for those listings.
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Basic Papers means all of the Warehouse Collateral Papers that are required to be delivered to the Seasoned Warehouse Agent -- in the case of Bridged Loans, on or before the eighth (8th) Business Day after the related Warehouse Revolving Loan -- in order for any particular item of Warehouse Collateral to be Eligible Collateral and have Collateral Value under the Seasoned Warehouse Credit Agreement.
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Basic Papers means all of the Collateral Papers that must be delivered to the Custodian in order for any particular item of Seasoned Warehouse Collateral to be Eligible Seasoned Collateral and have Collateral Value. The Custody Agreement lists the Basic Papers for each such category of Collateral, and reference is here made to the Custody Agreement for those listings.
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Basic Papers means all of the Loan Papers that must be delivered to the Custodian (in the case of Dry Loans, prior to the related Purchase Date and, in the case of Wet Loans, on or before the seventh (7th) Business Day after the related Purchase Date) in order for any particular Purchased Loan to continue to have Market Value. Schedule BP lists the Basic Papers. “Beneficial Ownership Certification” shall mean a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation. “Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230, as amended from time to time. “Business Day” means any day, other than a Saturday, Sunday or any other day designated as a holiday under Federal or applicable State statute or regulation, on which Agent is open for all or substantially all of its domestic and international business (including dealings in foreign exchange) in Detroit, Michigan, and, in respect of notices and determinations relating to the Daily Adjusting LIBOR Rate, also a day on which dealings in dollar deposits are also carried on in the London interbank market and on which banks are open for business in London, England. “Buyer” means Comerica Bank and such other Person from time to time party to this agreement as a “Buyer.” Persons who are currently Buyers on any day shall be listed as Buyers in Schedule BC in effect for that day. “Buyer Affiliate” means (a) with respect to any Buyer, (i) an Affiliate of such Buyer or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in securities and mortgage reverse repurchase 4 Bodman_16842095_7
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Basic Papers means all of the Loan Papers that must be delivered to the Custodian – in the case of Wet Leans, on or before the seventh (7th) Business Bay after the related Advance – in order for any particular item of Collateral to be Eligible Collateral and have Collateral Value. Exhibit D to the Custody Agreement lists the Basic Papers, and reference is here made to the Custody Agreement for that listing.
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Basic Papers means all of the Loan Papers that must be delivered to the Custodian (in the case of Dry Loans, prior to the related Purchase Date and, in the case of Wet Loans, on or before the seventh (7th) Business Day after the related Purchase Date) in order for any particular Purchased Loan to continue to have Market Value. Schedule BP lists the Basic Papers. “Business Day” means any day, other than a Saturday, Sunday or any other day designated as a holiday under Federal or applicable State statute or regulation, on which Agent is open for all or substantially all of its domestic and international business (including dealings in foreign exchange) in Detroit, Michigan, and, in respect of notices and determinations relating to the Daily Adjusting LIBOR Rate, also a day on which dealings in dollar deposits are also carried on in the London interbank market and on which banks are open for business in London, England.. “Buyer” means Comerica Bank and such other Person from time to time party to this agreement as a “Buyer.” Persons who are currently Buyers on any day shall be listed as Buyers in Schedule BC in effect for that day. “Buyer Affiliate” means (a) with respect to any Buyer, (i) an Affiliate of such Buyer or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in securities and mortgage reverse repurchase agreements, bank loans and similar financial arrangements in the ordinary course of its business and is administered or managed by such Buyer or an Affiliate of such Buyer and (b) with respect
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Related to Basic Papers

  • Mortgage File The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement.

  • Personnel file means, for the purposes of Part III (8VAC20-90-60 et seq.), any and all memoranda, entries or other documents included in the teacher's file as maintained in the central school administration office or in any file regarding the teacher maintained within a school in which the teacher serves.

  • Review Receivables means those Delinquent Receivables that have been Delinquent Receivables for 60 days or more as of the last day of the preceding Collection Period identified by the Servicer as requiring an Asset Representations Review by the Asset Representations Reviewer following receipt of an Asset Representations Review Notice according to Section 3.01.

  • basic pay means the rate of pay negotiated by the parties to this agreement, including add-to-pay resulting from salary protection;

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.