Last Endorsee. As defined in Section 2.1(b).
Last Endorsee means the last endorsee of an original Obligor Note.
Last Endorsee shall have the meaning specified in Section 7(b)(i) of this Agreement.
Examples of Last Endorsee in a sentence
Funding and support increased for a standing army and for improved coastal defenses.
The originals or copies of all intervening Assignments of Mortgage, if any, in each case, with evidence of recording thereon, showing an unbroken chain of title from its originator to the Last Endorsee.
More Definitions of Last Endorsee
Last Endorsee shall have the meaning specified in Section 7(b)(i).
Last Endorsee means with respect to each Mortgage Loan, the last Person to whom such Mortgage Loan was assigned or the related Mortgage Note was endorsed, as applicable.
Last Endorsee shall have the meaning specified in Schedule 2 of this Agreement.
Last Endorsee shall have the meaning set forth in Section 3 hereof.
Last Endorsee means with respect to each Purchased Loan and its related File, the last Person to whom such Mortgage Loan or the referenced Loan Document were assigned, or to whom the related Mortgage Note, was endorsed, as applicable. “MOM Loan” means a MERS Designated Mortgage Loan that was registered on the MERS System at the time of its origination and for which MERS appears as the record mortgagee or beneficiary on the related Mortgage. “MIN” means the unique eighteen-digit mortgage identification number permanently assigned to each MERS Designated Mortgage Loan.
Last Endorsee shall have the meaning specified in Section 2(I)(a) hereof. "Material Exception" shall mean, with respect to any Mortgage Loan, any Exception listed on the Exception Report consisting of a variance described as a "Material Exception" on Annex 14 or the absence from the Mortgage File, or deficiency in respect of, any of the Mortgage Loan Documents set forth in Sections 2(I)(a)-(f) of this Custodial Agreement.
Last Endorsee means with respect to each Mortgage Loan, the last Person to whom such Mortgage Loan was assigned or the related Mortgage Note was endorsed, as applicable. “Leverage Ratio” means that ratio of Seller’s Debt (including off balance sheet financings) to its Net Worth. “Lien” means any security interest, mortgage, deed of trust, charge, pledge, hypothecation, assignment, deposit arrangement, equity, encumbrance, lien (statutory or other), preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever, including, without limitation, any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the filing of any financing statement under the UCC (other than any such financing statement filed for informational purposes only) or comparable law of any jurisdiction to evidence any of the foregoing. “Liquidity” means, at any time, Seller’s unencumbered and unrestricted cash and Cash Equivalents (including the balance on deposit in the Cash Pledge Account, if required by Buyer, but excluding any restricted cash or cash pledged to third parties) at such time plus, with respect to any Purchased Mortgage Loans subject to this Agreement, the excess, if any, of the maximum Purchase Price available to Seller pursuant to the terms hereof for such Purchased Mortgage Loans over the aggregate outstanding Purchase Price for such Purchased Mortgage Loans at such time. “Litigation” means, as to any Person, any action, lawsuit, investigation, claim, proceeding, judgment, order, decree or resolution pending or threatened against or affecting such Person or the business, operations, properties or assets of such Person before, or by, any Governmental Authority. “Loan File” means, with respect to each Mortgage Loan, the following documents: (i) if a Wet Loan, a fully executed Insured Closing Letter from the related Settlement Agent involved in the Wet Funding of that Mortgage Loan; (ii) if a Government Loan, a valid eligibility certification from VA or FHA, as applicable, or such other documentation as may be required by Buyer in its sole discretion and specified in a written notice from Buyer to Seller from time to time, with respect to such Purchased Mortgage Loan; (iii) if a Conventional Conforming Loan, a valid eligibility certification from Xxxxxx Xxx, Xxxxxxx Mac or RHS, as applicable, or such other documentation as may be required by Buyer in it...