Custodial and Disbursement Agreement definition

Custodial and Disbursement Agreement means the Custodial and Disbursement Agreement, dated as of the date hereof, between the Seller, Buyer, Disbursement Agent and Custodian as the same shall be amended, restated, supplemented or otherwise modified and in effect from time to time.

Custodial and Disbursement Agreement means that certain Custodial and Disbursement Agreement, dated as of August 14, 2020, among Seller, Purchaser, Disbursement Agent and Custodian, entered into in connection with this Agreement, as the same may be amended, modified or supplemented from time to time.

Custodial and Disbursement Agreement means that custodial and disbursement agreement, dated as of May 10, 2002, by and among Buyer, NCCC, NCMC and Custodian, as the same shall be modified and supplemented and in effect from time to time.

Examples of Custodial and Disbursement Agreement in a sentence

• Seller is, or an agent of Seller is, in possession of a complete, true and materially accurate Mortgage File in compliance with the Custodial and Disbursement Agreement, except for such documents the originals of which have been delivered to the Custodian and except as otherwise provided in the Custodial and Disbursement Agreement.

• Promptly following Seller’s discovery or Seller receiving notice with respect to any Purchased Asset of (i) any breach of a representation or warranty contained in Schedule 1 to this Agreement in any material respect, or (ii) any failure to deliver any of the items required to be delivered as part of the Mortgage File within the time period required for delivery pursuant to the Custodial and Disbursement Agreement, Seller shall cure such breach or delivery failure in all material respects.

• Each Custodial Loan Transmission subsequently delivered by the Custodian to Agent shall supersede and cancel the Custodial Loan Transmission previously delivered by the Custodian to Agent under the Custodial and Disbursement Agreement, and shall replace the Custodial Loan Transmission that is then appended to the Trust Receipt and shall control and be binding upon Buyer, Seller, and the Custodian.

• Not later than 3:00 p.m. (Eastern Time) on each Business Day, the Custodian shall deliver to Agent, via Electronic Transmission acceptable to Agent, the Custodial Loan Transmission showing the status of all Loans then held by the Custodian, including but not limited to an Exception Report showing all Loans which are subject to Exceptions, and the time the related Loan Documents have been released pursuant to Sections 5(a) or 7(a) of the Custodial and Disbursement Agreement.

• Notwithstanding the foregoing, to the extent of any conflict between this paragraph and the terms of the Custodial and Disbursement Agreement regarding the responsibilities of the Custodian and timing thereof (including with respect to the review of the Mortgage File relating to any eMortgage Loan), the terms of the Custodial and Disbursement Agreement shall control.

More Definitions of Custodial and Disbursement Agreement

Custodial and Disbursement Agreement means that certain custodial and disbursement agreement, dated as of June 30, 2004, by and among Buyer, Encore, Disbursement Agent and Custodian, as amended by the Amendment and Joinder to Custodial and Disbursement Agreement, dated as of February 18, 2005, by and among Buyer, Encore, ECC, Bravo, Disbursement Agent and Custodian, as the same shall be modified and supplemented and in effect from time to time.

Custodial and Disbursement Agreement means that certain Amended and Restated Custodial and Disbursement Agreement, dated as of April 24, 2013, among Green Tree Servicing LLC, Barclays, Custodian and Disbursement Agent and joined by Ditech Mortgage Corp. pursuant to that certain Omnibus Joinder Agreement to Amended and Restated Custodial and Disbursement Agreement and Account Control Agreement, dated February 28, 2014, entered into in connection with this Agreement and the Mortgage Loan Participation Purchase and Sale Agreement, as the same may be further amended, modified or supplemented from time to time.

Custodial and Disbursement Agreement means, that certain Custodial and Disbursement Agreement dated as of the date hereof, among Seller, Buyer, Custodian and Disbursement Agent, as may be amended, restated, supplemented and otherwise modified from time to time. “Custodian” shall mean Deutsche Bank National Trust Company, and any successor thereto under the Custodial and Disbursement Agreement. “Cut-off Date” shall mean, with respect to Pooled Mortgage Loans, the first calendar day of the month in which the related Settlement Date is to occur. “Cut-off Date Principal Balance” shall mean, with respect to Pooled Mortgage Loans, the outstanding principal balance of such Pooled Mortgage Loans on the Cut-off Date after giving effect to payments of principal and interest due on or prior to the Cut-off Date whether or not such payments are received. 8

Custodial and Disbursement Agreement means that certain Custodial and Disbursement Agreement, dated as of [ ], 2022, among Seller, Purchaser, Disbursement Agent and Custodian, entered into in connection with this Agreement and the Mortgage Loan Participation Purchase and Sale Agreement, as the same may be amended, modified or supplemented from time to time.

Custodial and Disbursement Agreement means either the US Bank ------------------------------------ Custodial Agreement or the Deutsche Custodial and Disbursement Agreement, as applicable.

Custodial and Disbursement Agreement. The Custodial and Disbursement Agreement executed among Buyer, Guarantor, Seller, Disbursement Agent and Custodian with respect to this Agreement, as the same shall be modified and supplemented and in effect from time to time.

Custodial and Disbursement Agreement means that certain Custodial and Disbursement Agreement, dated as of May 10, 2002, as amended by that certain Amendment and Joinder to Custodial and Disbursement Agreement, dated as of September 10, 2004, by and among Buyer, NCCC, NCRC, NCMC, Disbursement Agent and Custodian, that certain Second Amendment and Joinder to Custodial and Disbursement Agreement, dated as of September 29, 2004, by and among Buyer, NCCC, NCRC, NCMC, New Century, Disbursement Agent and Custodian, and that certain Third Amendment and Joinder to Custodial and Disbursement Agreement, dated as of October 11, 2005, by and among Buyer, NCCC, NCRC, NCMC, New Century, Home123, Disbursement Agent and Custodian, as the same shall be modified and supplemented and in effect from time to time.