Pool Purchase Contract definition
Examples of Pool Purchase Contract in a sentence
Note: SMC Eligible Mortgages and Non-SMC Mortgages may NOT be delivered under the same Pool Purchase Contract (if delivered under MBS Delivery), or under the same seller/servicer branch no.
In addition, SMC Eligible Mortgages, (i) if delivered under MBS Delivery, must be delivered under Pool Purchase Contract no.
Nevertheless, SMC Eligible Mortgages may be delivered under the same Pool Purchase Contract or the same seller/servicer branch no.
After the issuance date of each Pool, Servicer will be governed by the GNMA Guide, ▇▇▇▇▇▇ Mae Guides or ▇▇▇▇▇▇▇ Mac Guides, as applicable, and the MBS Agreement and Pool Purchase Contract.
After the issuance date of each Pool, Servicer will be governed by the GNMA Guide, the ▇▇▇▇▇▇▇ Mac Guides or ▇▇▇▇▇▇ Mae Guides, as applicable, and the MBS Agreement and Pool Purchase Contract.
Assessment of whether an entity is a competitor will include not only the subject of business activity of such an entity as listed in its articles of association or other document constituting the basis for its functioning, but also any activities actually pursued by that entity.
Special Pool Purchase Contract...........................................................
Each Mortgage must meet the specifications in the Selling Guide, except as modified by this Master Agreement, the terms of any Pool Purchase Contract or Cash Commitment Contract, the Guide to Underwriting with Desktop Underwriter (the "Desktop Underwriter Guide"), and the following specific eligibility criteria, a breach of which shall be deemed to be a breach of warranty by the Lender, as provided in Part 1, Section 201.01 of the Selling Guide.
The Servicer agrees to purchase Mortgage Loans at least once each week, notwithstanding that the amount of such Mortgage Loans, together with other Mortgage Loans purchased or to be purchased by the Servicer to form a Pool under the ▇▇▇▇▇▇ ▇▇▇ Guide or Pool Purchase Contract may be less than the minimum Pool size.
Upon the request of the Lender, but without incurring any liability beyond the Guaranteed Obligations, from time to time, Guarantor shall promptly provide to the Lender such documents, certificates and other information as may be deemed reasonably necessary to enable the Lender to perform its functions under the Special Pool Purchase Contract as the same relates to the Guarantor.