Recast definition

Recast means a recalculation establishing a new fully amortizing periodic payment triggered by the unpaid principal balances cap, or date certain, such that the payment increase as a result of such Recast exceeds 7.5%.
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Recast means, in the case of a Pay Option ARM, a contractual payment recast to a fully amortized payment based on a negative amortization trigger.
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Examples of Recast in a sentence

  • Negative Amortization Numeric – Integer 1 99 ARMs Only See Coding 0 = No 1 = Yes 99 = Unknown 63 Options at Recast The means of computing the lowest monthly payment available to the borrower after recast.

  • Unless Seller has expressly and in writing informed Buyer to the contrary, Seller represents that any product delivered to Buyer under this order is in compliance with the European Union (EU) Directive 2011/65/EU on the Restriction of the Use of certain Hazardous Substances in Electrical and Electronic Equipment (RoHS Recast).

  • One of the main changes introduced by the Recast Insolvency Regulation consists of an increased scrutiny in situations where there has been a recent COMI shift.

  • Unless the ▇▇▇▇▇▇▇ Purchase Order calls out an ARTICLE for which the specifications, drawings and other written representations unambiguously declare the ARTICLE not to be RoHS compliant, SUPPLIER represents that any ARTICLE delivered to ▇▇▇▇▇▇▇ under this order is in compliance with the European Union (EU) Directive 2011/65/EU on the Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (RoHS Recast).

  • The Recast Insolvency Regulation dated June 26, 2015 became effective on June 26, 2017 and has gradually replaced the Former Insolvency Regulation.

  • The Company and each of the holders of Class B Shares or Class C Shares shall preserve and keep, or caused to be preserved and kept, all tax returns and supporting documentation (and any other records relating thereto) relating to any Related Tax Liabilities, Tax Benefits and Recast Tax Liabilities in its possession for the applicable statute of limitations.

  • Nonetheless, severabil- ity of choice-of-court agreements was, even before the explicit wording in the Recast, established by the CJEU case law.90 In ▇▇▇▇▇▇▇▇▇ v Dentalkit 91 the Court found that a void provision of the contract does not render the choice-of-court clause void as well.

  • Any Borrower whose loan is within 120 days of Recast during the term of this Assurance will be offered by ▇▇▇▇▇ Fargo the option, if qualified, of converting their Pick-a-Payment mortgage loan to a fixed rate loan at the Market Rate to be amortized over a thirty (30) year term (“Fixed Rate Conversion”).

  • According to the final version contained in the Recast, “any court of another Member State shall stay the proceedings until such time as the court seised on the basis of the agreement declares that it has no jurisdiction under the agreement”.113 This solution softens the derogative effect of the jurisdiction agreement and circumvents the need to seek a declaration of invalidity before seising a non-chosen court.

  • Several important changes within the rules dealing with choice-of-court agree- ments have been introduced by the Recast, not only changes in the Article on choice-of-court agreements per se, but also the widely discussed rules on lis pendens.