Excess Spread PC definition

Excess Spread PC means each participation certificate in the form of Exhibit B-1 attached hereto, including the Original Participation Certificate, as amended and restated, which evidences the related Participation Interest in the Portfolio Excess Spread related to the Portfolio Mortgage Loans.
View Source
Excess Spread PC means the Participation Certificate issued pursuant to the Excess Spread Participation Agreement which evidences the Participation Interest in the Excess Spread for the MSR Portfolio.
View Source
Excess Spread PC. The Participation Certificate issued pursuant to the Participation Agreement which evidences the Participation Interest in the Portfolio Excess Spread related to the Portfolio Mortgage Loans.
View Source

Examples of Excess Spread PC in a sentence

  • During the term of the Master Repurchase Agreement, there shall only be one Excess Spread PC, one P&I Advance PC and one Servicing Advance PC, unless otherwise consented to in writing by the Buyer and ▇▇▇▇▇▇ ▇▇▇.

  • Buyer has agreed to consent to the sale of the Purchased MSR Excess Spread by PLS to the Pledgor and the creation of the Purchased MSR Excess Spread PC in consideration of such sale being made subject and subordinate to the Buyer’s Lien on the MSRs including the Purchased MSR Excess Spread and its ownership of the Purchased MSR Excess Spread PC.

  • Pledgor is solvent and will not be rendered insolvent by the acquisition of the Purchased MSR Excess Spread PC or by this Agreement and, after giving effect to such acquisition and this Agreement, will not be left with an unreasonably small amount of capital with which to engage in its business.

  • We will work with the Contractor to maintain the project schedule to show current conditions and suggest revisions that may be required to keep the project moving forward.

  • The price for which PMH is entitled to repurchase the Purchased MSR Excess Spread PC from PLS, under the PMH Repurchase Agreement.

  • The Buyer and Seller shall cooperate to promptly update Schedule I to the Purchased MSR Excess Spread PC in connection with any such removal or replacement.

  • In order for this Agreement to be effective, the Participant shall have delivered to the Company the Excess Spread PC, P&I Advance PC and Servicing Advance PC and each such Participation Certificate shall be replaced with a Excess Spread PC, P&I Advance PC and Servicing Advance PC in the form of Exhibits B-1, B-2 and B-3 attached hereto, respectively.

  • Buyer has agreed to consent to the sale of the Sold MSR Excess Spread by PMC to the Pledgor and the creation of the Sold MSR Excess Spread PC in consideration of such sale being made subject and subordinate to the Buyer’s Lien on the MSRs including the Sold MSR Excess Spread and its ownership of the Sold MSR Excess Spread PC.

  • As of the Effective Date, the Excess Spread PC, P&I Advance PC and Servicing Advance PC will have been returned and replaced in accordance with Section 24.

  • The Buyer and Seller shall cooperate to promptly update Schedule I to the Sold MSR Excess Spread PC in connection with any such removal or replacement.


More Definitions of Excess Spread PC

Excess Spread PC means any or all of the MSR Retained Spread PC, the Originated MSR Excess Spread PC and the Purchased MSR Excess Spread PC.
View Source