Replacement Cut-Off Date definition

Replacement Cut-Off Date. With respect to any Qualified Replacement Mortgage, the first day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Replacement Cut-Off Date. With respect to any Qualified Replacement Mortgage, the second day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.

Replacement Cut-Off Date. With respect to any Qualified Replacement Mortgage, the close of business on the tenth day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.

Examples of Replacement Cut-Off Date in a sentence

No application for approval shall be considered by the Servicer unless: (x) the provisions of the related Note and Mortgage have been complied with; (y) the Loan-to-Value Ratio and debt-to-income ratio after any release does not exceed the Loan-to-Value Ratio and debt-to-income ratio of such Note on the Cut-Off Date or Replacement Cut-Off Date, as applicable, and any increase in the Loan-to-Value Ratio shall not exceed 5%; and (z) the lien priority of the related Mortgage is not affected.
Within one Business Day of the Closing Date, and on each Subsequent Transfer Date and each Transfer Date, the Sponsor shall cause the Master Servicer to deposit to the Principal and Interest Account all receipts related to the related Mortgage Loans received after the Initial Cut-Off Date or related Replacement Cut-Off Date or related Subsequent Cut-Off Date, as the case may be.
No application for approval shall be considered by the Servicer unless: (x) the provisions of the related Note and Mortgage have been complied with; (y) the Loan-to-Value Ratio and debt-to-income ratio after any release does not exceed the Loan-to-Value Ratio and debt-to-income ratio of such Note on the Cut-Off Date or Replacement Cut-Off Date, as applicable, and any increase in the Loan-to-Value Ratio shall not exceed ___%; and (z) the lien priority of the related Mortgage is not affected.
On the Closing Day, and on each Subsequent Transfer Date and each Transfer Date, the Originator shall cause the Master Servicer to deposit to the Principal and Interest Account all receipts related to the related Mortgage Loans received after the Initial Cut-Off Date or related Replacement Cut-Off Date or related Subsequent Cut-Off Date, as the case may be.

More Definitions of Replacement Cut-Off Date

Replacement Cut-Off Date. With respect to any Qualified Substitute Mortgage Loan, the later of (i) the first day of the calendar month in which such Qualified Substitute Mortgage Loan is conveyed to the Trust Fund and (ii) the date of origination thereof, if any such Qualified Substitute Mortgage Loan is originated in the month in which such Qualified Substitute Mortgage Loan is conveyed to the Trust Fund.

Replacement Cut-Off Date. With respect to any Qualified Substitute Home Equity Loan, the first day of the calendar month in which such Qualified Substitute Home Equity Loan is conveyed to the Trust.

Replacement Cut-Off Date means the date which is 5 Business Days following the Mandatory Redemption Notification Date.

Replacement Cut-Off Date. With respect to any Home Equity Loan, the first day of the calendar month in which such Home Equity Loan is conveyed to the Issuer.