Certificating Custodian definition
Certificating Custodian means any Person acting as the Grantor's "document custodian," "custodian" or "certificating custodian," as such terms are used in the Agency Guides, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from the Grantor (or the Collateral Agent) is complete and acceptable under the applicable Agency Guide for purposes of including such Mortgage Loan in a pool of Mortgage Loans in which Mortgage-Backed Securities will represent interests and (b) holding such documentation following formation of such pools and issuance of such Mortgage-Backed Securities. The Certificating Custodian shall at all times be a party to the Agency Custodial Agreements.
Certificating Custodian means any Person acting as the Borrowers "document custodian," "custodian" or "certificating custodian," as such terms are used in the Agency Guides, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from the Borrowers (or the Warehousing Collateral Agent) is complete and acceptable under an applicable Agency Guide for purposes of including such Mortgage Loan in a pool of Mortgage Loans in which Mortgage-Backed Securities will represent interests and (b) holding such documentation following formation of such pools and issuance of such Mortgage-Backed Securities. The Certificating Custodian shall at all times be party to the Agency Custodial Agreements. The Certificating Custodian shall be initially Banco Popular de Puerto Rico.
Certificating Custodian means any Person acting as Borrower's ----------------------- "document custodian, " "custodian" or "certificating custodian", as such terms are used in the Agency Guides, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from Borrower is complete and acceptable under an applicable Agency Guide for purposes of including such Mortgage Loan in a pool of Mortgage Loans in which Mortgage- Backed Securities will represent interests and (b) holding such documentation following formation of such pools and issuance of such Mortgage-Backed Securities. The Certificating Custodian shall at all times be a party to the Agency Custodial Agreement. On the date hereof, the Certificating Custodian is Lender. Before making any change in the Certificating Custodian, Borrower shall obtain the prior written approval of Lender.
Examples of Certificating Custodian in a sentence
The Seller agrees that the Certificating Custodian shall be listed as the only subscriber, owner and/or registered holder, as applicable, and only person authorized to take delivery of any Mortgage-Backed Securities backed by any Purchased Mortgage Loan, and upon the issuance of each such Mortgage-Backed Securities, the Seller shall deliver, or cause the applicable Agency to deliver, such Mortgage-Backed Securities directly to the Certificating Custodian.
If a Certificating Custodian returns to the Collateral Agent documentation relating to any Mortgage Loan Following such Certificating Custodian's determination that such Mortgage Loan is not suitable for pooling, such Mortgage Loan shall be included in the Borrowing Base as another Type of Eligible Mortgage Loan if such Mortgage Loan satisfies all eligibility requirements therefor.
Any transmittal of documentation for such Purchased Loans in the possession of the Buyer shall be to the Certificating Custodian and, if the Buyer is not then the Certificating Custodian, shall be under cover of a bailment letter in the form required by the Buyer, with all blanks completed in conformity therewith, or such other forms in lieu of the foregoing that the applicable Agency requires pursuant to its Agency Guide, duly executed, if necessary, by the Seller.
Before Lender delivers documentation pursuant to this subsection (d), Borrower shall have delivered such forms, duly executed by Borrower, required under the applicable Agency Guides or Investor Commitments to effect delivery to the Certificating Custodian of such Mortgage Loans and payment therefor in accordance with the instructions of Lender.
Collateral Agent's responsibility to review such Collateral to be included in the Borrowing Base as an Eligible' Gestation Mortgage Loan is limited to ensuring that each Gestation Certification has been completed and executed by a Certificating Custodian.
More Definitions of Certificating Custodian
Certificating Custodian means any Person acting as a Borrower's "document custodian," "custodian" or "certificating custodian"for purposes of certifying that the documentation relating to Mortgage Loans received by such Person from such Borrower is complete and acceptable under the applicable Investor Commitment for purposes of including such Mortgage Loan in a pool of Mortgage Loans to be sold in bulk to the investor under such Investor Commitment. The Certificating Custodian initially shall be Agent.
Certificating Custodian means any Person acting as the Seller’s “document custodian”, “custodian” or “certificating custodian”, as such terms are used in the Agency Guides, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from the Seller is complete and acceptable under an applicable Agency Guide for purposes of including such Mortgage Loan in a pool of Mortgage Loans in which Agency MBS will represent interests and (b) holding such documentation following formation of such pools and issuance of such Agency MBS. The Certificating Custodian shall at all times meet the eligibility requirements set in the applicable Agency Guide(s) and be a party to an Agency custodial agreement among the applicable Agency, the Seller and the Certificating Custodian. Initially, the Certificating Custodian is as set forth in Appendix 1, Item 2.2.4. Before appointing, or once one is appointed, making any change in the Certificating Custodian, the Seller shall obtain the prior approval of the Buyer. At any time that there is more than one Certificating Custodian, references in this Agreement to the “Certificating Custodian” shall mean any or all Certificating Custodians, as applicable.
Certificating Custodian means any Person, including, without ----------------------- limitation, the Collateral Agent, acting as the Company's "document custodian," "custodian" or "certificating custodian," as such terms are used in the applicable Agency Guide, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from the Company (or the Collateral Agent) is complete and acceptable under the applicable Agency Guide for purposes of including such Mortgage Loan in a pool of Mortgage Loans in which Mortgage-Backed Securities will represent interests and (b) holding such documentation following formation of such pools and issuance of such Mortgage- Backed Securities. The Certificating Custodian shall at all times be party to the Agency Custodial Agreements.
Certificating Custodian. Any Person acting as Seller’s “document custodian”, “custodian” or “certificating custodian,” as such terms are used in the Agency Guides, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from Seller is complete and acceptable under an applicable Agency Guide for purposes of including such Mortgage Loan in Mortgage- Backed Securities and (b) holding such documentation following formation of such pools and issuance of such Mortgage-Backed Security. Each Certificating Custodian shall at all times meet the eligibility requirements set in the applicable Agency Guide(s) and be a party to an Agency custodial agreement among the applicable Agency, Seller and such Certificating Custodian. Initially, the Certificating Custodian is Administrative Agent. Before appointing or making any change in the Certificating Custodian, Seller shall obtain the prior written approval of Administrative Agent. At any time that there is more than one Certificating Custodian, references in this Agreement to the “Certificating Custodian” means any or all Certificating Custodians, as applicable.
Certificating Custodian means any Person acting as the Borrower's "document · custodian", "custodian" or "certificating custodian," as such terms are used in the Agency Guides, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from the Borrower is complete and acceptable under an applicable Agency Guide for purposes of including such Mortgage Loan in Agency MBS and (b) holding such documentation following formation of such pools and issuance of such Agency MBS. Each Certificating Custodian shall at all times meet the eligibility requirements set in the applicable Agency Guide(s) and be a party to an Agency custodial agreement among the applicable Agency, the Borrower and such Certificating Custodian. Before appointing or making any change in the Certificating Custodian, the Borrower shall obtain the prior written approval of the ▇▇▇▇.▇▇ any time that there is more than one Certificating Custodian, references in this Agreement to the "Certificating Custodian" shall mean any or all Certificating Custodians, as applicable.
Certificating Custodian means any Person acting as the Grantor's "certificating custodian," as such term is used in the GNMA Guide, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from the Grantor (or the Collateral Agent) is complete and acceptable under the GNMA Guide for purposes of including such Mortgage Loan in a pool of Mortgage Loans in which Mortgage-Backed Securities will represent interests and (b) holding such documentation following formation of such pools and issuance of such Mortgage-Backed Securities. The Certificating Custodian shall at all times be party to the Agency Custodial Agreement.
Certificating Custodian means any Person acting as the Borrower's "document custodian," "custodian" or "certificating custodian," as such terms are used in the Agency Guides, for purposes of (a) certifying that the documentation relating to Mortgage Loans received by such Person from the Borrower (or the Warehouse Collateral Agent) is complete and acceptable under the applicable Agency Guide for purposes of including such Mortgage Loan in a pool of Mortgage Loans in which Agency MBS will represent interests and (b) holding such documentation following formation of such pools and insurance of such Agency MBS. The Certificating Custodian shall at all times be party to the Agency Custodial Agreements.