Document Holdback definition

Document Holdback. The remainder of the Purchase Price described in Section 3.02(c) hereof less the Assignment Holdback.
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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.
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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).
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Examples of Document Holdback in a sentence

  • The final Cash Consideration shall be (a) $55,000,000, minus (b) the Deducted Liabilities, plus or minus, as applicable, (c) the Closing Working Capital Adjustment and (d) the amount of the Employee Document Holdback Amount ultimately payable pursuant to Section 2.10.

  • As to any Sale Date all Mortgage Loans not on the initial Exceptions List for which the related Servicing Rights were sold shall also be included in the initial Monthly Document Holdback Report as Monthly Document Holdback Loans.

  • To the extent that the aggregate Purchase Price set forth on the applicable Reconciliation Report exceeds the Purchase Price set forth in the applicable Settlement Schedule, the Purchaser shall pay such excess to the Seller by the end of the following Business Day (taking into account any proportionate increase of the Document Holdback Amount in respect of each related Document Holdback Mortgage Loan).

  • In the event any Missing Documents identified on such list are not received within one-hundred twenty (120) days following the applicable Servicing Transfer Date, Purchaser may deduct from the Document Holdback any amount it reasonably estimates necessary to pay the out of pocket costs associated with creating or obtaining any such Missing Documents, and provide such Seller with reasonable documentation of such estimates.

  • Servicer shall remit, within 10 days of the execution of this Amendment, Six Million Dollars ($6,000,000.00) of the Document Holdback Funds that were withheld pursuant to Paragraph 3 3.2(d)(iii) of the First Sale Agreement.

  • The remaining Document Holdback funds will be released to Subservicer in accordance with Paragraph 3.2(d)(iii) of the First Sale Agreement.

  • Except as set forth in Section 11.03(a), Purchaser shall not have any right to offset against the Document Holdback amounts due from such Seller to Purchaser pursuant to any other provision of this Agreement or under any Transaction Document or other agreement between the Parties, or otherwise due or alleged to be due from such Seller to Purchaser.

  • On the MLPA Closing Date, Purchaser shall pay to Seller an amount equal to the MLPA Purchase Price (less applicable amounts subject to the ARM Holdback, Document Holdback and CF Holdback pursuant to paragraph 3(b) below) plus Accrued Interest (as described above).

  • The remaining One Million Dollars ($1,000,000) of the Document Holdback will be released upon receipt by Purchaser of all Required Documentation, including recorded assignments and the final certification and/or recertification of all Mortgage Loans.

  • To the extent that the Purchase Price set forth in the applicable Settlement Schedule exceeds the actual Purchase Price as reconciled, the Seller shall refund the applicable portion of the Purchase Price to the Purchaser by the end of the following Business Day (taking into account any proportionate reduction of the Document Holdback Amount in respect of each related Document Holdback Mortgage Loan).


More Definitions of Document Holdback

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:
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Document Holdback. The meaning specified in Section 3.01(a)(iii) hereof.
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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)).
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Related to Document Holdback

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Excluded Amount means, as of any date of determination, with respect to any Asset: (a) any amount that is attributable to the reimbursement of payment by the applicable Borrower of any tax, fee or other charge imposed by any Governmental Authority on such Asset, (b) any interest or fees (including origination, agency, structuring, management or other up-front fees) that are for the account of the applicable Person from whom the applicable Borrower purchased such Asset, (c) any reimbursement of insurance premiums relating to such Asset, (d) any escrows relating to taxes, insurance and other amounts in connection with such Asset which are held in an escrow account for the benefit of the applicable Borrower pursuant to escrow arrangements under the Investment Documents and (e) any amount deposited into the Asset Account in error.

  • Holdback Amount has the meaning set forth in Section 2.06(a).