Repurchase Proceeds definition

Repurchase Proceeds the Repurchase Price in connection with any repurchase of a Mortgage Loan by the Seller and any cash deposit in connection with the substitution of a Mortgage Loan.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Repurchase Proceeds. All proceeds of any Mortgage Loan or property acquired in respect thereof repurchased pursuant to Section 2.02, 3.01, 5.01, 5.21 or 11.01.

Repurchase Proceeds means the Repurchase Price less the Repurchase Charge in relation to such redemption and any charges, costs, expenses or taxes, as described under “Share Dealings – Repurchase of Shares”;

Examples of Repurchase Proceeds in a sentence

• On the last business day of each calendar quarter during which repurchases occur, UMBFS will deliver to the Escrow Agent a cash letter to disburse the Repurchase Proceeds, if any, on deposit in custody, and a cash letter to move the Repurchase Proceeds out of the Repurchase Sub-Account for disbursement to investors (each, a “Repurchase Disbursement Letter”).

• Any Repurchase Proceeds in excess of the Repurchase Price for the related Purchased Mortgage Loans shall be remitted to the Haircut Account, for application as contemplated pursuant to Section 9(e).

• Upon receipt of any Repurchase Proceeds in the Inbound Account, Buyer shall apply such Repurchase Proceeds to the Repurchase Price for the related Purchased Mortgage Loans.

• When a repurchase request has been submitted by an investor who is or is deemed to be an Irish Resident or a person Ordinarily Resident in Ireland or is acting on behalf of an Irish Resident or person Ordinarily Resident in Ireland, the Company shall deduct from the Repurchase Proceeds an amount which is equal to the tax payable by the Company to the Irish Tax Authorities in respect of the relevant transaction.

• Proceeds from periodic repurchases of Interests by the Fund from its subscribers ("Repurchase Proceeds") will be deposited into the Repurchase Sub-Account, less a ten percent (10%) withholding (the "Holdback Amount"), if applicable.

More Definitions of Repurchase Proceeds

Repurchase Proceeds means amounts paid by any Seller under the related Mortgage Loan Purchase Agreement, in connection with the repurchase of any Mortgage Loan as contemplated by Section 2.3.

Repurchase Proceeds means the amounts received from Seller with respect to a Repurchased Loan.

Repurchase Proceeds means the Repurchase Price less the Repurchase Charge in relation to such

Repurchase Proceeds. The Repurchase Price in connection with any repurchase of a Mortgage Loan by (i) MLCC, in the case of the MLCC Mortgage Loans, (ii) EMC, in the case of the EMC Mortgage Loans or (ii) KKR, KKR Financial or the related Underlying Seller, in the case of the KKR Mortgage Loans and any cash deposit in connection with the substitution of a Mortgage Loan.

Repurchase Proceeds. The Repurchase Price in connection with any repurchase of a Mortgage Loan by (i) MLMLI, in the case of the MLMLI Mortgage Loans or (ii) KKR, KKR Financial or the related Underlying Seller, in the case of the KKR Mortgage Loans and any cash deposit in connection with the substitution of a Mortgage Loan.

Repurchase Proceeds means the per Equity Plan Share proceeds payable by Smart Tech or Call Co. (as the case may be) to a Participant in connection with the purchase by Call Co. of any Equity Plan Shares owned by such Participant pursuant to Article 8.

Repurchase Proceeds means amounts paid by the Seller under the Mortgage Loan Purchase Agreement, in connection with the repurchase of any Mortgage Loan as contemplated by Section 2.3.