Mortgage Purchase Date definition

Mortgage Purchase Date or “Purchase Date” means the date on which a Mortgage Purchase occurs.
Mortgage Purchase Date. The date of payment by the Authority for any Mortgage Loan purchased under this Agreement.
Mortgage Purchase Date means the date on which a Mortgage Purchase occurs.

Examples of Mortgage Purchase Date in a sentence

  • The purchase price for each Mortgage Loan shall be the percentage of the outstanding principal amount of the Mortgage Loan designated in the applicable Terms and Conditions together with the interest accrued thereon to the Mortgage Purchase Date.

  • At the date hereof and as of the Mortgage Purchase Date, the Participant shall be duly organized, validly existing and in good standing under the laws of the jurisdiction governing such matters and shall have power and authority to own its properties and carry on its business as now being conducted, and shall be duly qualified to do such business wherever such qualification is required.

  • Prior to each Mortgage Purchase Date, the submission voucher shall be completed, and all documents required thereby must be available for inspection by the Board, together with all assignments, endorsements, certifications and acknowledgments required by this Guide.

  • Immediately following each Mortgage Purchase Date, all original documents for all Mortgage Loans sold to the Board on such Mortgage Purchase Date must be either set aside from the Participant’s own documents in clearly marked files in a secure location or delivered to the Board, as directed by the Board prior to the Mortgage Purchase Date.

  • All funds collected by the Participant pursuant to the terms of the Mortgage Loan prior to the Mortgage Purchase Date with respect to such Mortgage Loan and held by the Participant in escrow at that date, shall be transferred to a special custodial account and held in trust for the Board pursuant to Section 4.05 hereof.

  • The Participant, to the extent permitted by law, hereby assigns and sets over to the Master Servicer as of each Mortgage Purchase Date all its right, title and interest in and to such policies or contracts of insurance any benefits which it has heretofore received or which it may hereafter receive hereunder on all Mortgage Loans conveyed to the Master Servicer on such Mortgage Purchase Date.

  • The Participant, to the extent permitted by law, hereby assigns and sets over to the Board as of each Mortgage Purchase Date all its right, title and interest in and to such policies or contracts of insurance any benefits which it has heretofore received or which it may hereafter receive hereunder on all Mortgage Loans conveyed to the Board on such Mortgage Purchase Date.

  • The Participant, being the sole owner and holder of the Mortgage Loan, has full right to sell and assign the Mortgage Loan to the Board, and such assignment conveys a good and marketable mortgagee’s title to the Board free and clear of all liens and encumbrances and subject only to real property taxes and assessments not yet due and encumbrances customarily accepted in accordance with applicable title standards and disclosed to the Board prior to the Mortgage Purchase Date.


More Definitions of Mortgage Purchase Date

Mortgage Purchase Date means the date of any Purchase as set forth in the Program Documents.
Mortgage Purchase Date. ] means each Mortgage Collection Payment Date and Monthly Payment Date;
Mortgage Purchase Date means the date of payment by the Board or the Master Servicer for a Mortgage Loan purchased hereunder.

Related to Mortgage Purchase Date

  • Final Purchase Date means the final date on which a purchase and sale of Loans and their Related Security is completed pursuant to the terms of the Mortgage Sale Agreement;

  • Purchase Date means one or more dates during an Offering selected by the Board on which Purchase Rights will be exercised and on which purchases of shares of Common Stock will be carried out in accordance with such Offering.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • VWAP Purchase Date means, with respect to any VWAP Purchase made hereunder, the Business Day following the receipt by the Buyer of a valid VWAP Purchase Notice that the Buyer is to buy Purchase Shares pursuant to Section 1(c) hereof.

  • Optional Purchase Date As defined in Section 8.01(a) of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

  • Repurchase Date means the date fixed by agreement between Seller and the Participating Funds on which the Seller is to repurchase Securities and Cash Collateral, if any, from the Participating Funds and the Participating Funds are to resell the Securities and Cash Collateral, if any, including any date determined by application of the provisions of Paragraphs 7 and 15 of the Master Agreement.

  • Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase in accordance with this Statement and the VRDP Purchase Agreement.

  • Stock Purchase Date has the meaning specified in the Stock Purchase Contract Agreement.

  • First Repayment Date means, in relation to each Tranche (and subject to clause 6.3), the date falling three (3) months after the earlier of (a) the Drawdown Date of the Delivery Advance relevant to such Tranche and (b) the last day of the Drawdown Period for the Delivery Advance relevant to such Tranche;

  • Change of Control Purchase Date shall have the meaning specified in Section 10.1.

  • Final Purchase Price shall have the meaning set forth in Section 2.2(a).

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Initial Purchase Date The first Payment Date following the month in which the Pool Balance is initially reduced to less than 20% of the Cut-off Date Balance.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • 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).