Examples of Minimum Release Price in a sentence
Prior to or simultaneously with the repurchase of any Loan or removal of any Loan from any Trust, the Seller shall pay or cause to be paid to the account specified in Section 4(a) above, the related Minimum Release Price in connection with such Loan.
Company will not dispose of, or permit Servicer to dispose of, a Collateral Loan or otherwise settle the amount owed on any Collateral Loan, or permit any REO Affiliate to dispose of any REO Property, for an amount which is less than the Minimum Release Price.
Borrower shall create at Bank a deposit account (“Excess Release Reserve”) into which any Minimum Release Price payment received in excess of the Loan balance at the time of receipt of such Minimum Release Price shall be deposited.
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In the event that Net Sale Proceeds from any Sale is less than the Minimum Release Price for such Release Property, Lender may, in its reasonable discretion, agree to accept the Net Sale Proceeds in lieu of the Release Price.