Eligible Repurchase Month definition

Eligible Repurchase Month. As defined in Section 3.11 hereof.
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Eligible Repurchase Month. As defined in Section 3.11. ERISA: The Employee Retirement Income Security Act of 1974, as amended.
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Examples of Eligible Repurchase Month in a sentence

  • Any delinquent Mortgage Loan that becomes current but thereafter becomes delinquent may be purchased by the Master Servicer pursuant to this Section in any ensuing Eligible Repurchase Month.

  • The Master Servicer may only exercise this right on or before the next to the last day of the calendar month (the "Eligible Repurchase Month") in which the Mortgage Loan became 151 days delinquent.

  • If the Master Servicer fails to purchase a delinquent Mortgage Loan that it was permitted to purchase pursuant to the preceding paragraph, the NIM Insurer may, at its option, purchase the Mortgage Loan at any time during the calendar month following the Eligible Repurchase Month.

  • The Master Servicer may only exercise this right on or before the next to the last day of the calendar month (the "Eligible Repurchase Month") in which the Mortgage Loan became 90 days delinquent.

Related to Eligible Repurchase Month

  • Eligible Repurchase Obligations Repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United States or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States, in either case entered into with a depository institution or trust company (acting as principal) described in clause (b) of the definition of Permitted Investments.

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Permitted Purchase Money Debt Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $5,000,000 at any time.

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $1,000,000.

  • Purchase Money Indebtedness means Indebtedness of the Company and its Restricted Subsidiaries incurred in the normal course of business for the purpose of financing all or any part of the purchase price, or the cost of installation, construction or improvement, of property or equipment.