Examples of Delivery Loan in a sentence
A certified copy of the invoice issued by the Builder in relation to the Instalment payable by the Owner on the Delivery Loan Utilisation Date.
In the event that on the Special Determination Date the amount on deposit in the Delayed Delivery Loan Funding Account, after giving effect to the purchase of any Delayed Delivery Loans on such date, is greater than zero but less than or equal to $10,000,000, the Class A-1 Notes will be redeemed in an amount equal to such amount on deposit in the Delayed Delivery Loan Funding Account.
Substitution Mandatory Delivery Loan means the proposed closed, eligible, residential mortgage loan offered by Seller to replace a Committed Loan that has not been delivered to Purchaser or was rejected by Purchaser.
Mandatory Delivery Loan means a closed, residential Committed Loan that is originated, underwritten, sold, and delivered by Seller to Purchaser within the terms and conditions of the Agreement, the Correspondent Seller Guide, the Mandatory Delivery Amendment, the Mandatory Delivery Program Guide and eligible for sale pursuant to the signed Correspondent Loan Purchase Agreement and all applicable laws.
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Notwithstanding the foregoing, if the Mortgage Note or Lost Note Affidavit for any Delayed Delivery Loan is not timely delivered, the Seller shall, by the 30th day after the Closing Date (i) use its best commercial efforts to substitute a Substitute Mortgage Loan therefore or (ii) if a Substitute Mortgage Loan is not available, repurchase the affected Mortgage Loan at the Purchase Price.