Loan Repurchase Notice definition

Loan Repurchase Notice means a notice in substantially the form set out in Schedule 6 to the Mortgage Sale Agreement served by the LLP on the Seller in relation to the repurchase of Loans in the Portfolio by the Seller in accordance with the terms of the Mortgage Sale Agreement;
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Loan Repurchase Notice has the meaning given to it in Section 2.3 of the Mortgage Sale Agreement;
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Loan Repurchase Notice means the notice served upon the Seller by the Mortgages Trustee or upon the Mortgages Trustee by the Seller requiring the repurchase by or re-transfer to (pursuant to Clause 8.4 (Repurchase) of the Mortgage Sale Agreement) or purchase by or transfer to (pursuant to Clause 8.5 (Purchase of Product Switches, Further Advances and purchases relating to Personal Secured Loans) of the Mortgage Sale Agreement) the Seller of specified Mortgage Loans and their Related Security, as set forth in Schedule 7 to the Mortgage Sale Agreement;
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Examples of Loan Repurchase Notice in a sentence

  • On duplicate We hereby acknowledge receipt of and confirm the contents of the Loan Repurchase Notice dated [ ].

  • The LLP (or the Servicer on behalf of the LLP) may at its absolute discretion accept such offer by delivering a Loan Repurchase Notice duly signed on behalf of the LLP in accordance with the provisions of the Mortgage Sale Agreement.

  • The LLP (or the Servicer on behalf of the LLP) may at its absolute discretion accept such offer by delivering a Loan Repurchase Notice duly signed on behalf of the LLP in accordance with the provisions of the Mortgage Sale Agreement.There can be no assurance that the Seller will have the financial resources to repurchase a Loan or Loans and its or their Related Security.

  • In the form of the Land Registry Form TR4 with such amendments as the Seller may reasonably require to give effect to any Loan Repurchase Notice in accordance with the Mortgage Sale Agreement or in such other form as the Seller may reasonably require to take account of changes in law or practice.

  • In the form of the Land Registry Form TR4 with such amendments as the Seller may reasonably require to give effect to any Loan Repurchase Notice or Selected Loan Repurchase Notice in accordance with this Agreement or in such other form as the Seller may reasonably require to take account of changes in law or practice.

  • Upon receipt of such notice, the Mortgages Trustee agrees to serve upon the Seller a Loan Repurchase Notice requiring the Seller to repurchase each such Legacy Systems Loan and its Related Security on the date agreed with the Seller and set out in the Loan Repurchase Notice.

  • In accordance with Clause [9.4/9.5/9.6/9.7/9.8/9.9] of the Principal Agreement, upon rec eipt of this Loan Repurchase Notice by the Seller there shall exist between the Seller and the Issuer an agreement (the Agreement for Sale) for the sale by the Issuer to the Seller (or a person nominated by the Seller) of the Loans and their Related Security more particularly described in the Schedule hereto.

  • Notwithstanding the foregoing, in respect of Loans which are the subject of a Loan Repurchase Notice delivered pursuant to the provisions of Section 8.4 (Offer to Repurchase Loans and Related Security) above, the Seller will not be obliged to sign the copy of the Loan Repurchase Notice and the affected Loans will not be repurchased by the Seller hereunder, if the Seller has not agreed to do so pursuant to Section 8.4 (Offer to Repurchase Loans and Related Security) above.

  • In accordance with Clause [9.4/9.5/9.6/9.7/9.8/9.9] of the Principal Agreement, upon receipt of this Loan Repurchase Notice by the Seller there shall exist between the Seller and the Issuer an agreement (the Agreement for Sale) for the sale by the Issuer to the Seller (or a person nominated by the Seller) of the Loans and their Related Security more particularly described in the Schedule hereto.

  • Completion of such repurchase pursuant to this Clause 9.10 shall take place (a) on the Monthly Pool Date immediately following the receipt of such Loan Repurchase Notice or (b) such other date as the Issuer may direct in the Loan Repurchase Notice (PROVIDED THAT the date so specified by the Issuer shall not be later than ninety (90) days after receipt by the Seller of such notice).


More Definitions of Loan Repurchase Notice

Loan Repurchase Notice means the notice served upon the Seller by the Mortgages Trustee or upon the Mortgages Trustee by the Seller requiring the repurchase by or re-transfer to the Seller of specified Mortgage Loans and their Related Security, as set forth in Schedule 7 to the Mortgage Sale Agreement;
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Loan Repurchase Notice means a notice substantially in the form set out in Schedule 6 to the Mortgage Sale Agreement;
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Loan Repurchase Notice means a notice in substantially the form set out in Schedule 4 to the Mortgage Sale Agreement served by the Fund on the Seller in relation to the repurchase of Loans in the Portfolio by the Seller in accordance with the terms of the Mortgage Sale Agreement;
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Loan Repurchase Notice means a notice in substantially the form set out in Schedule 6 to the Mortgage Sale Agreement served by the LLP on the Seller in relation to the repurchase of Loans in the Portfolio by the Seller in accordance with the terms of the Mortgage Sale Agreement; London Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London; London Stock Exchange means the London Stock Exchange plc;
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Loan Repurchase Notice means a notice in the form set out in SCHEDULE 6 to the Mortgage Sale Agreement;
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Related to Loan Repurchase Notice

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • Purchase Notice has the meaning set forth in Section 1.2.

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Form of Fundamental Change Purchase Notice means the “Form of Fundamental Change Purchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Release Notice has the meaning specified in Section 11.19(b).

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Repurchase Period means a period of 90 consecutive days commencing on the date when the Optionee’s Service terminates for any reason, including (without limitation) death or disability.

  • Call Notice shall have the meaning specified in Section 1.1 of the Warrant Agent Agreement.

  • Accelerated Repurchase Date shall have the meaning specified in Section 14(b)(i) of this Agreement.

  • Change of Control Notice means notice of a Change of Control Offer made pursuant to Section 3.8, which shall be mailed first-class, postage prepaid, to each record Holder as shown on the Note Register within 30 days following the date upon which a Change of Control occurred, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer and shall state:

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Repurchase Event means the occurrence of a breach of any of the Seller’s representations and warranties in Section 3.1(a) or any other event which requires the repurchase of a Receivable by the Seller, under the Sale and Servicing Agreement.