Definition of Portfolio Aging Limitations


Portfolio Aging Limitations means with respect to the age of the Eligible Mortgage Loans owned by Agent on any day, the following limitations shall apply: (i) the aggregate Repurchase Price of Eligible Mortgage Loans transferred to Agent more than three (3) months prior to such day may not exceed 50% of the Maximum Aggregate Purchase Price on such day; (ii) the aggregate Repurchase Price of Eligible Mortgage Loans acquired by Agent more than six (6) months prior to such day may not exceed 25% of the Maximum Aggregate Purchase Price on such day; and (iii) Seller must repurchase each Purchased Asset included in any Transaction (or series of Transactions) on or prior to the date that is 364 days from the date such Purchased Asset first became subject to a Transaction under this Agreement.
Sample 1

Examples of Portfolio Aging Limitations in a sentence

As of any date of determination, the Eligible Mortgage Loans in the aggregate shall satisfy the Eligibility Criteria, the Portfolio Criteria, the Portfolio Aging Limitations and the Wet Funded Loan Limitation.
As of any date of determination, the Eligible Loans in the aggregate shall satisfy the Portfolio Criteria, the Portfolio Aging Limitations and the Wet Funded Loan Limitation.
The Servicer agrees that as of any date of determination, the Mortgage Loans shall satisfy the Portfolio Criteria, the Eligibility Criteria set forth in clause (i) of the definition thereof, the Portfolio Aging Limitations and the Wet Funded Loan Limitation.
The Mortgage Loans shall comply with the Eligibility Criteria, the Portfolio Aging Limitations, the Portfolio Criteria and the Wet Funded Loan Limitation.
The Company shall be in compliance with the Portfolio Aging Limitations, the Portfolio Criteria and the Wet Funded Loan Limitation (as such terms are defined in the Mortgage Loan Purchase and Servicing Agreement).