GNMA Acknowledgment Agreement definition

GNMA Acknowledgment Agreement. The acknowledgment agreement by and among GNMA, or any successor thereto, Seller and MSR XI LLC, in form and substance reasonably acceptable to MSR XI LLC, dated on or before the Sale Date, pursuant to which GNMA, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.
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GNMA Acknowledgment Agreement. The acknowledgment agreement by and among the Government National Mortgage Association, or any successor thereto, Seller and Purchaser, in form and substance reasonably acceptable to Purchaser, dated on or before the Closing Date, pursuant to which the Government National Mortgage Association, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.
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GNMA Acknowledgment Agreement. The acknowledgment agreement by and among the Government National Mortgage Association, or any successor thereto, Seller and NIC MSR VII LLC, in form and substance reasonably acceptable to NIC MSR VII LLC, dated on or before the Closing Date, pursuant to which the Government National Mortgage Association, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.
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Examples of GNMA Acknowledgment Agreement in a sentence

  • Pledge Agreement: A collateral pledge agreement, to be entered into on or before the Closing Date, between Seller and the Agency, pursuant to which Seller pledges collateral to Agency to secure its obligations to the Agency under the Servicing Agreement, the GNMA Acknowledgment Agreement and other agreements, if required by the Agency.

  • Such account has been pledged by Seller to Agency pursuant to the requirements of the GNMA Acknowledgment Agreement.

  • The Purchase and Sale Agreement (including any order, xxxx of sale, assignment agreement or other transfer agreement related to the sale of the Mortgage Servicing Rights thereunder), the GNMA Acknowledgment Agreement, the Current Spread Distribution Account Agreement, the Current Spread Distribution Account Control Agreement, the Current Spread Reserve Account Agreement, the Current Spread Reserve Account Control Agreement, this Agreement and the Future Spread Agreement.

  • If the GNMA Acknowledgment Agreement is not received by the Sale Date, or if the Purchase and Sale Agreement is terminated, this Agreement shall be terminated concurrently therewith, without any further action of either Party.

  • Pledge Agreement: A collateral pledge agreement, to be entered into on or before the Closing Date, between Seller and an Agency, pursuant to which Seller pledges collateral to such Agency to secure its obligations to the applicable Agency under the Servicing Agreement, the FHLMC Acknowledgment Agreement, FNMA Acknowledgment Agreement or GNMA Acknowledgment Agreement, if applicable, and other agreements, if required by the applicable Agency.

  • The Seller hereby acknowledges that, in addition to its rights under this Agreement, the Purchaser is entitled to exercise its rights under the GNMA Acknowledgment Agreement.

  • On the Closing Date, the Purchaser shall establish the Agency Reserve Account, which shall be pledged to Xxxxxx Mae pursuant to the GNMA Acknowledgment Agreement.

  • After entry into a GNMA Acknowledgment Agreement on or after the Issue Date to which the Collateral Agent is not a party, the Assignors party thereto agree that if such agreement is terminated, such Assignors shall use commercially reasonable efforts to enter into a replacement GNMA Acknowledgement Agreement which includes the Collateral Agent as a party thereto and is in form and substance reasonably satisfactory to the Collateral Agent.

  • Payments of all Servicing Spread Collections received on and after the Servicing Transfer Date shall be transferred from the Lockbox Account to the Third Party Controlled Current Spread Distribution Account within one Business Day of receipt and identification thereof and in any event, within two Business Days of receipt thereof, subject, however, to the rights and remedies of Agency pursuant to the lien granted in its favor pursuant to the requirements of the GNMA Acknowledgment Agreement.

  • Payments of all Servicing Spread Collections received on and after the Sale Date shall be transferred from the Lockbox Account to the Third Party Controlled Current Spread Distribution Account within one Business Day of receipt and identification thereof and in any event, within two Business Days of receipt thereof, subject, however, to the rights and remedies of Agency pursuant to the lien granted in its favor pursuant to the requirements of the GNMA Acknowledgment Agreement.


More Definitions of GNMA Acknowledgment Agreement

GNMA Acknowledgment Agreement. The acknowledgment agreement relating to the excess servicing spread by and among the Agency, Seller and Purchaser relating to the Mortgage Loans.
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GNMA Acknowledgment Agreement. The acknowledgment agreement relating to the excess servicing spread by and among the Agency, Seller, Credit Suisse AG, New York Branch and Purchaser, dated as of December 31, 2012.
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GNMA Acknowledgment Agreement. The acknowledgment agreement by and among GNMA, Seller, Credit Suisse AG, New York Branch and Purchaser, in form and substance reasonably acceptable to Purchaser, dated on or before the Sale Date, pursuant to which GNMA consents to the sale of the excess servicing spread and other arrangements specified therein.
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GNMA Acknowledgment Agreement at all times subsequent to the date hereof that GNMA enters into such agreements and such agreement is available to the Borrower and in a form acceptable to the Administrative Agent, an agreement pursuant to which GNMA acknowledges the Lien of the Collateral Agent, on behalf of the Secured Parties, on Non-Recourse Servicing Rights relating to Mortgage Loans securitized through GNMA.
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Related to GNMA Acknowledgment Agreement

  • Acknowledgment Agreement The document, substantially in the form of Exhibit B, to be executed by the Owner and the Servicer on or prior to each Closing Date which document shall amend the Mortgage Loan Schedule attached as Exhibit A hereto to reflect the addition of Mortgage Loans to such Exhibit A and which document reflects the addition of Mortgage Loans which are subject to the terms and conditions of this Agreement.

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Reaffirmation Agreement means that certain Reaffirmation Agreement, dated as of the date hereof, between the Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent and the Lenders and the other holders of the Secured Obligations.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • Formation Agreement has the meaning attributed to it in Recital A;

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Consent Agreement means this Consent Agreement, duly signed and concluded between the Commission and the Respondent, as contemplated in section 40(1) of the Act.

  • representation agreement means the written agreement between a money transfer service provider and a representative of the money transfer service provider that states the terms on which the representative offers the money transfer service within Australia;

  • Placement Agreement means the Placement Agreement relating to the offering and sale of Capital Securities in the form of Exhibit C.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures, contained in Annex 1A to the WTO Agreement;

  • Waiver Agreement means an agreement between

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Acquisition Agreement Representations means such of the representations made by or on behalf of the Target in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the accuracy of any such representation is a condition to the obligations of Holdings or an Affiliate thereof to close under the Acquisition Agreement or Holdings (or an Affiliate thereof) has the right to terminate its obligations under the Acquisition Agreement as a result of a breach of such representations in the Acquisition Agreement.

  • Payment Agreement means a written agreement which provides

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Subordination Agreement means an agreement among the Agent, the applicable Borrower or Subsidiary of the Borrower and the holder of any Subordinated Debt, pursuant to which such Indebtedness is made subordinate in right of payment to Payment in Full of all Obligations on terms reasonably satisfactory to the Agent.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Patent Assignment Agreement means the patent assignment agreement substantially in the form of Exhibit A.

  • Guaranty Joinder Agreement means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.12 or otherwise.

  • Subordination Agreements means all subordination agreements executed by a holder of Subordinated Debt in favor of the Administrative Agent and the Lenders from time to time after the Closing Date in form and substance and on terms and conditions satisfactory to Administrative Agent.

  • Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest to another.

  • Trademark Assignment Agreement has the meaning set forth in Section 2.01.