Primary Portfolio definition

Primary Portfolio means the residential mortgage loans identified and listed on a schedule to a Confirmation.
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Primary Portfolio. As set forth in Schedule I hereto. Transaction Settlement Date: , 20 . Transaction Base Servicing Fee Rate (for Primary Portfolio): [ ] basis points (per annum) Transaction Base Servicing Fee Rate (for Secondary Portfolio): [ ] basis points (per annum) Transaction Remittance Date: The 10th day of each calendar month, or if such day is not a Business Day, the prior Business Day Transaction Purchase Price Percentage: % Transaction Excess Spread Percentage (for Primary Portfolio): % Transaction Excess Spread Percentage (for Secondary Portfolio): % Transaction Asset Purchase Agreement: Transaction Threshold Percentage: [ %]
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Examples of Primary Portfolio in a sentence

  • The portion of the Base Servicing Fee relating to a Secondary Portfolio Mortgage Loan shall begin to accrue as of the commencement of the Collection Period in which the related Assignment Date occurs but in no event shall such portion accrue on any day on which the portion of the Base Servicing Fee relating to the Primary Portfolio Mortgage Loan in respect of which such Secondary Portfolio Mortgage Loan became a Secondary Portfolio Mortgage Loan also accrues.

  • On the Transaction Settlement Date for each Primary Portfolio, the Purchaser shall pay the Transaction Purchase Price to the Seller, the Seller shall convey the Primary Portfolio Excess Spread to the Purchaser and the Seller shall commence servicing or subservicing the Primary Portfolio Mortgage Loans in accordance with the applicable Servicing Agreements and Guides if such servicing or subservicing has not already commenced.

  • The Seller shall direct each loan owner or master servicer to remit any Primary Portfolio Termination Payments directly to the Primary Portfolio Spread Custodial Account to the extent consistent with the terms of the related Servicing Agreement.

  • The Seller shall not pledge, obtain financing for or otherwise permit any Lien of any creditor of the Seller to exist on, any portion of the Primary Portfolio Collections or the Seller’s interest in the Primary Portfolio Spread Custodial Account without the prior written consent of the Purchaser.

  • If the conveyance of the Primary Portfolio Excess Spread is characterized by a court or governmental authority as security for a loan rather than an absolute transfer or sale, the Seller will be deemed to have granted to Purchaser, and Seller hereby grants to Purchaser, a security interest in all of its right, title and interest in, to and under the Primary Portfolio Excess Spread and all proceeds thereof as security for a loan in an amount equal to the Transaction Purchase Price.

  • With respect to each Primary Portfolio, the Seller shall establish a Primary Portfolio Spread Custodial Account, which shall be an Eligible Account, not later than the Transaction Settlement Date.

  • The Seller and the Purchaser intend that each Transaction constitute a valid sale of the Primary Portfolio Excess Spread for the related Primary Portfolio by the Seller to the Purchaser, free and clear of any Lien.

  • A reply had been received on the day of the meeting to say the signs had now been uncovered and the scheme was in operation.

  • In connection with the Primary Portfolio Mortgage Loans and Secondary Portfolio Mortgage Loans related to each Transaction, the Seller shall not, without the express written consent of Purchaser (which consent may be withheld in its absolute discretion), (a) terminate or amend any Servicing Rights, or (b) enter into any termination, modification, waiver or amendment of any applicable Servicing Agreement or its rights and duties under any applicable Guide.

  • The Seller shall direct each loan owner or master servicer to remit any Primary Portfolio Termination Payments directly to the Primary Spread Custodial Account.


More Definitions of Primary Portfolio

Primary Portfolio. As set forth in Schedule I hereto. Transaction Settlement Date: ___________, 20____. Transaction Base Servicing Fee Rate (for Primary Portfolio): [____] basis points (per annum) Transaction Base Servicing Fee Rate (for Secondary Portfolio): [____] basis points (per annum) Transaction Remittance Date: The 10th day of each calendar month, or if such day is not a Business Day, the prior Business Day Transaction Purchase Price Percentage: _______% Transaction Excess Spread Percentage (for Primary Portfolio): _______% Transaction Excess Spread Percentage (for Secondary Portfolio): _______% Transaction Asset Purchase Agreement: Transaction Threshold Percentage: [___%]
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Primary Portfolio. As set forth in Schedule I hereto. Transaction Settlement Date: ___________, 20____. Transaction Base Servicing Fee Rate (for Primary Portfolio): [____] basis points (per annum) Transaction Base Servicing Fee Rate (for Secondary Portfolio): [____] basis points (per annum) Transaction Remittance Date: The 10th day of each calendar month, or if such day is not a Business Day, the prior Business Day Transaction Purchase Price Percentage: _______% Transaction Excess Spread Percentage (for Primary Portfolio): _______% Transaction Excess Spread Percentage (for Secondary Portfolio): _______% Transaction Asset Purchase Agreement: Transaction Threshold Percentage: [___%] Allowed Retention Percentage: As set forth opposite the applicable Excess Refinancing Percentage in the following table: Cut-off Date ___________, 20____. Other: In the event Seller, whether voluntarily or involuntarily, transfers the Servicing Rights related to the Mortgage Loans in any Primary Portfolio or Secondary Portfolio and receives any termination fee or other compensation or proceeds in connection with such transfer (the “Transfer Proceeds”), Seller shall remit to Purchaser an amount equal to the product of (a) such Transfer Proceeds, multiplied by (b) a fraction, the numerator of which is the Transaction Purchase Price allocable to the Primary Portfolio Excess Spread relating to such Servicing Rights and the denominator of which is the actual purchase price paid by the Seller for such Servicing Rights. Table of Allowed Retention Percentage Range of Excess Refinancing Percentages Allowed Retention Percentage Accepted and confirmed as of the date first written above: PENNYMAC LOAN SERVICES, LLC By: Name: Title: PENNYMAC HOLDINGS, LLC By PennyMac GP OP, Inc., its General Partner By: Name: Title: SCHEDULE I TO CONFIRMATION DATED , 20 UNDER THE MASTER SPREAD ACQUISITION AND
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Primary Portfolio means University of Brighton Student Accommodation, X-00 Xxxx, X-0 Xxxxxxxx, X-00 Managed Lanes, X-00 Xxxx, XXXX Automated Fare Collection System, Ruta del Cacao, Hurontario Light Rail, Melbourne Metro, East Rockingham Waste, Sunraysia Solar Farm, Pacifico 2, and any other assets or projects held or owned by the Group at Completion.
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Primary Portfolio means the Mooresville Property and the North Raleigh Property.
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Primary Portfolio. As set forth in Schedule I hereto. Transaction Settlement Date: ___________, 20____. Transaction Base Servicing Fee Rate: [____] basis points (per annum) Transaction Remittance Date: [__]th day of each month Transaction Purchase Price Percentage: _______% Transaction Excess Spread Percentage: _______% Transaction Asset Purchase Agreement: Transaction Threshold Percentage: [___%] Allowed Retention Percentage: As set forth opposite the applicable Excess Refinancing Percentage in the following table: Cut-off Date ___________, 20____. Other: In the event Seller, whether voluntarily or involuntarily, transfers the Servicing Rights related to the Mortgage Loans in any Primary Portfolio or Secondary Portfolio and receives any termination fee or other compensation or proceeds in connection with such transfer (the “Transfer Proceeds”), Seller shall remit to Purchaser an amount equal to the product of (a) such Transfer Proceeds, multiplied by (b) a fraction, the numerator of which is the Transaction Purchase Price allocable to the Primary Portfolio Excess Spread relating to such Servicing Rights and the denominator of which is the actual purchase price paid by the Seller for such Servicing Rights. Table of Allowed Retention Percentage
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Related to Primary Portfolio

  • Treasury Portfolio means, as applicable, the Remarketing Treasury Portfolio or the Special Event Treasury Portfolio.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City (a "Primary Treasury Dealer") 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.

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Current Portfolio At any time, the portfolio of Collateral Obligations and Cash and Eligible Investments representing Principal Proceeds (determined in accordance with Section 1.3 to the extent applicable), then held by the Issuer.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • Whole Loan As defined in the Introductory Statement.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Discretionary Portfolio Manager means a Portfolio Manager who exercises or may, under a contract relating to portfolio management, exercise any degree of discretion as to the investments or management of the portfolio of securities or the funds of the Client, as the case may be.

  • Portfolio Asset means an asset of an investment fund;

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Portfolio means any account, trust or other investment vehicle (except "Fund") over which the Firm has investment management discretion.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Mortgage Loan Group Either Group I or Group II.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).

  • Serviced Pari Passu Companion Loan A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

  • Series Servicing Fee Percentage means 2.0%.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.