Through Transfer definition
Examples of Through Transfer in a sentence
In connection with any Reconstitution in which the Owner and the Servicer have agreed that the Servicer shall act as the servicer in the Reconstitution, the Owner shall deliver any agreement (the “Reconstitution Agreement”) or other document related to the Whole Loan Transfer or Pass Through Transfer to the Servicer at least 10 Business Days prior to such transfer; the Servicer’s refusal to cooperate with Owner based on late delivery of such documents shall result in no liability to the Servicer.
All Mortgage Loans not sold or transferred pursuant to a Whole Loan Transfer or Pass Through Transfer shall be subject to this Agreement and shall continue to be serviced in accordance with the terms of this Agreement and with respect thereto this Agreement shall remain in full force and effect.
Through Transfer or a Whole Loan Transfer on One or More Reconstitution Dates.
In connection with any Reconstitution in which the Servicer, at the Owner’s sole discretion, shall act as the servicer in the Reconstitution, the Owner shall deliver any agreement (the “Reconstitution Agreement”) or other document related to the Whole Loan Transfer or Pass- Through Transfer to the Servicer at least ten (10) days prior to such Whole Loan Transfer or Securitization Transaction.
The Servicer shall provide reconstitution support to the Purchaser if accounts in the Portfolio are sold pursuant to a Pass Through Transfer or a Whole Loan Transfer.
The Seller and the Purchaser agree that with respect to any Mortgage Loan Package, the Purchaser may effect no more than three (3) Whole Loan Transfers and/or Pass‑Through Transfers; provided, however, the Purchaser agrees to use commercially reasonable efforts not to effect a Whole Loan Transfer or a Pass‑ Through Transfer if the aggregate outstanding principal balance of the Mortgage Loans subject to such Whole Loan Transfer or Pass‑Through Transfer is less than $10,000,000.
Section 7.01 Removal of Mortgage Loans from Inclusion Under this Agreement ------------------------------------------------------------- Upon an Agency Transfer, Whole-Loan Transfer or a Pass- ------------------------------------------------------- Through Transfer on One or More Reconstitution Dates.
Section 8.01 Removal of Mortgage Loans from Inclusion Under this Agreement Upon an Agency Transfer, or a Pass- Through Transfer on One or More Reconstitution Dates.
Without limiting the generality of the foregoing, the Seller shall cooperate with the Purchaser in connection with any Whole Loan Transfer or Pass- Through Transfer contemplated by the Initial Purchaser pursuant to Section 12 hereof.
In any event, the Company agrees to administer such PMI Policies in accordance with the provisions of this Agreement or any agreement related to a Pass Through Transfer or Whole Loan Transfer.