Document Holdback definition
Document Holdback. The remainder of the Purchase Price described in Section 3.02(c) hereof less the Assignment Holdback.
Document Holdback means the hold-back of a portion of the Purchase Price relating to the Document Holdback Items in the manner set forth in Section 2.3(c) of this Agreement.
Document Holdback. The meaning specified in Section 3.01(a)(iii) hereof. Effective Date: The date as of which this Agreement is effective, as first set forth above. Estimated Purchase Price: As described in Section 3.01 and the Estimated Purchase Price Computation Worksheet (Exhibit A-1). Excepted Servicing Agreement: The Servicing Agreement identified as the "Excepted Servicing Agreement" on Exhibit J attached hereto. ▇▇▇▇▇▇ Mae: ▇▇▇▇▇▇ ▇▇▇, formerly known as the Federal National Mortgage Association, or any successor thereto. Federal Funds Rate: For any date of determination, the federal funds rate as reported in the Federal Reserve H.15(519) Statistical Release as of the first Business Day of the month in which such date of determination falls, or if such Statistical Release is no longer published, the average of the “high” and the “low” interest rate for reserves traded among commercial banks for overnight use in amounts of one million dollars ($1,000,000.00) or more, as reported by The Wall Street Journal under “Federal Funds” rates as of the first Business Day of the month in which such date of determination falls. FHA: The Federal Housing Administration or any successor thereto. Governmental Entity: Any federal, state or local governmental authority, agency, commission or court or self-regulatory authority or commission, including the Regulator. HAMP: The Home Affordable Modification Program as administered by FNMA as agent for the U.S. Department of Treasury. Insurer:
Examples of Document Holdback in a sentence
Any such pro rata release of the Document Holdback shall be calculated by multiplying the initial Document Holdback by a percentage equal to (1) (x) for each Subsequent Deficiency List Delivery Date, the number of related Mortgage Loans that have been removed from the Deficiency List during such calendar month because they became Cured Deficient Document Mortgage Loans during such calendar month, divided by (2) the number of initial Deficient Document Mortgage Loans.
More Definitions of Document Holdback
Document Holdback. The meaning specified in Section 3.01(a)(iii) hereof.
Document Holdback has the meaning set forth in Section 2.5(b).
Document Holdback. That amount to be held by Purchaser from the Purchase Price, or so much of such amount as is then remaining, in accordance with Section 3.2(d).
Document Holdback. An amount equal to five percent (5%) of the estimated aggregate Purchase Price applicable to the Servicing Rights for the ▇▇▇▇▇▇ ▇▇▇ Mortgage Loans and ▇▇▇▇▇▇▇ Mac Mortgage Loans to be sold to Purchaser on any Sale Date (subject to revision for the final Purchase Price in accordance with Section 3.4(b)(iv)).