CMGFC definition
Examples of CMGFC in a sentence
The Purchaser shall pay CMGFC an amount equal to the fair market value of the Purchased Loans as the purchase price therefor, as determined as set forth in the best published rate sheet price for such Loans by CMC.
CMGFC may also use Loans which are adjustable rate loans ("ARM Loans") to satisfy the Monthly Purchase Target for any month by offering to sell such Loans to the Purchaser, provided that the ARM Loans, by principal balance, represent no more than 50% of the related Monthly Purchase Target.
If CMGFC questions the Purchaser's determination of the fair market value of the Purchased Loans, CMGFC and the Purchaser will agree to reexamine such determination if CMGFC demonstrates that such determination is materially different from the prices bid by two or more separate unrelated third party investors who have extended binding offers to purchase such Purchased Loans.
Except as specifically provided for herein, neither CMGFC nor CTS shall have the right to amend, modify or terminate this Registration Rights Agreement without the written consent of the other party hereto; provided, that CMGFC's obligations under Sections 3, 4 and 5 shall survive any termination of this Registration Rights Agreement.
In addition, CTS shall have the right to purchase such Alternate Sale Loans at a price which equals the highest bid received by the CMGFC Group for such Alternate Sale Loans.
It is expected that each Securitization shall consist of at least one class of Securities rated "A" (or the equivalent) or higher by at least one nationally recognized rating agency ("Rating Agency") acceptable to the Agent and CMGFC.
Except as expressly set forth in this Agreement, neither CTS nor CFS shall be responsible for providing, nor does either make any representations or commitments concerning financing (whether in the form of debt or equity or any combination or derivative thereof) or for the underwriting or placement of securities for CMGFC.
Such indemnity shall include, but not be limited to, any claims made against the Indemnified Parties respecting (a) the accuracy or completeness of the materials or information provided by CMGFC to any Indemnified Party or a purchaser or prospective purchaser of Loans or Securities placed by CTS or (b) any action, or failure to act, by any Indemnified Party undertaken at CMGFC's written request or with CMGFC's written consent.
Such costs and expenses shall include among other things, costs and expenses related to the fees and disbursements of the CMGFC Group's external counsel, the Trustee's up-front fees (including the fees and disbursements of its external counsel), the Agent's external counsel, CTS's external counsel (if any), external counsel for any purchaser of the Securities and the fees of the CMGFC Group's external accounting firm.
CMGFC shall cause each member of the CMGFC Group to abide by the terms of this Investment Banking Services Agreement as if it were a party hereto.