Holdback Amount. (a) Subject to the terms of this Agreement, Purchaser shall pay to Seller the Holdback Amount for each Participation Certificate that Purchaser elects to purchase hereunder. The Holdback Amount with respect to a Participation Certificate shall be paid by Purchaser to Seller as provided in Section 4(b) below.
Appears in 4 contracts
Samples: Custodial Agreement (loanDepot, Inc.), Mortgage Loan Participation Purchase and Sale (loanDepot, Inc.), Purchase and Sale Agreement
