Settlement Modification Letter definition

Settlement Modification Letter. A letter in the form of Exhibit H.
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Examples of Settlement Modification Letter in a sentence

  • If Purchaser elects to accept a Settlement Modification Letter, Purchaser shall, not later than two (2) Business Days after receipt of such Settlement Modification Letter execute the Settlement Modification Letter and send, via facsimile, copies of such fully executed Settlement Modification Letter to Seller and Takeout Investor.

  • Upon receipt by Purchaser, prior to the Cure Date, of a Settlement Modification Letter, duly executed by Takeout Investor and Seller, Purchaser may, at its election, agree to the postponement of the Settlement Date and such other matters as are set forth in the Settlement Modification Letter.

  • Upon execution by Purchaser of a Settlement Modification Letter, Purchaser shall recalculate the amount of the Completion Fee, if any, due to Seller using the new terms included in the Settlement Modification Letter and shall pay to Seller, not later than two (2) Business Days after Purchaser's receipt of such Settlement Modification Letter, the amount of such recalculated Completion Fee.

  • If such Settlement Modification Letter results in the related Settlement Date (the "New Settlement Date") occurring after the related Cure Date, the Completion Fee shall be payable to the related Seller, not later than 3:00 p.m. on the next Business Day after Takeout Investor's purchase of the related Mortgage Loans as evidenced by such Purchaser's receipt of the Takeout Proceeds on the New Settlement Date of the amount of such recalculated Completion Fee.

  • Except when Purchaser has accepted a Settlement Modification Letter as described below, the Completion Fee relating to a Mortgage Pool shall not be payable until the earlier to occur of (1) the date of receipt by Purchaser of the applicable Takeout Proceeds and (2) the satisfaction by Seller of all of its obligations pursuant to this Agreement.

  • If such Purchaser elects to accept a Settlement Modification Letter, such Purchaser shall, not later than two (2) Business Days or earlier if reasonably required by Takeout Investor after receipt of such Settlement Modification Letter execute the Settlement Modification Letter and send, via facsimile, copies of such fully executed Settlement Modification Letter to the related Seller and Takeout Investor.

  • Upon execution by Purchaser of a Settlement Modification Letter, Purchaser shall recalculate the amount of the Completion Fee, if any, due to Seller using the new terms included in the Settlement Modification Letter and shall pay to Seller, not later than two (2) Business Days after Purchaser's execution of such Settlement Modification Letter, the amount of such recalculated Completion Fee.

  • Upon receipt by such Purchaser, prior to the Settlement Date, of a Settlement Modification Letter, duly executed by Takeout Investor and the related Seller, such Purchaser may, at its election, agree to the postponement of the Settlement Date and such other matters as are set forth in the Settlement Modification Letter.

  • If such Purchaser elects to accept a Settlement Modification Letter, such Purchaser shall, not later than two (2) Business Days or earlier if reasonably required by the Takeout Investor or the Seller after receipt of such Settlement Modification Letter execute the Settlement Modification Letter and send, via facsimile, copies of such fully executed Settlement Modification Letter to the related Seller and Takeout Investor.

  • Upon receipt by Purchaser, prior to the Cure Date, of a Settlement Modification Letter, duly executed by Takeout Investor and the related Seller, Purchaser may, at its election, agree to the postponement of the Settlement Date and such other matters as are set forth in the Settlement Modification Letter.

Related to Settlement Modification Letter

  • Confirmation Letter means a letter issued by any applicable Rating Agency to the effect that neither (a) the resignation of Provident as Servicer under the Servicing Agreement and appointment of Litton as successor Servicer thereunder, nor (b) the amendments e▇▇▇▇▇▇ated by this Agreement, will adversely affect the then current ratings on the Certificates then being rated.

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.