Examples of Selected Mortgage Receivables in a sentence
In addition, the CBC will not be permitted to give warranties or indemnities in respect of Selected Mortgage Receivables (unless expressly permitted to do so by the Security Trustee).
There is no guarantee that a buyer will be found for the Selected Mortgage Receivables nor assurance as to the price which may be obtained, which may affect payments under the Guarantee.
Accordingly, there is a risk that the realisable market value of the Selected Mortgage Receivables could be adversely affected by the lack of representations and warranties which in turn could adversely affect the ability of the CBC to meet its best efforts undertaking under the Guarantee.
There is no assurance that the Originator would give any warranties or representations in respect of the Selected Mortgage Receivables.
There is no assurance that the Transferor would give any warranties or representations to a buyer in respect of the Selected Mortgage Receivables.
If the CBC is required to pay under the Guarantee, the CBC will undertake its best efforts to sell or refinance Selected Mortgage Receivables (selected on a random basis) in order to make funds available to the CBC to make payments to the CBC's creditors including to make payments under the Guarantee.
Sale or refinancing of Selected Mortgage ReceivablesIf the CBC is required to pay under the Guarantee, the CBC may be obliged to sell or refinance Selected Mortgage Receivables (selected on a random basis) in order to make funds available to the CBC to make payments to the CBC's creditors including to make payments under the Guarantee.
Accordingly, there is a risk that the realisable market value of the Selected Mortgage Receivables could be adversely affected by the lack of representations and warranties.
Fees may include: Application Fee, Tax Service Fee, Underwriting Fee, Commitment Fee, Lender’s Attorney Fee, Escrow Waiver Fee, Origination Charge and/or Discount Points (fees as applicable and where permitted by law).
There is no assurance that the Transferors would give any warranties or representations to a buyer in respect of the Selected Mortgage Receivables.