MPF Banks definition

MPF Banks means the Pittsburgh Bank and any other FHLB that has entered into an agreement with the MPF Provider to offer the MPF Program to their respective members.
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Examples of MPF Banks in a sentence

  • Any Master Commitment amendment made by the MPF Bank will be made at the MPF Bank's sole discretion.Amendments may be requested to:• Change the size and term of the Master Commitment; or• Extend the expiration date of the Master Commitment.

  • Down Payment Plus/Plus Advantage Grants or equivalent funds from an FHLB are eligible.Prior to the delivery of Mortgage Loans with FHLB funds, the participating MPF Bank's AHP must be approved for use under the MPF Program.

  • The parties acknowledge that the MPF Program is offered to participating financial institutions in numerous states, that the MPF Provider provides services to the MPF Banks, the Selling PFI and all participating financial institutions wherever located, and that this Agreement will be performed in part in the State of Illinois because of the services to be provided by the MPF Provider to or on behalf of the MPF Banks.

  • All amendments to this PFI Sale Agreement shall be in writing duly executed and delivered by the PFIs and MPF Banks.

  • Further, the PFIs agree that they shall not raise as a defense in any action taken by the MPF Banks to enforce the Servicing Responsibilities or the Credit Enhancement the fact that: (i) the Serviced Mortgages were delivered to the Owner Bank pursuant to the Selling PFI Agreement; (ii) the Serviced Mortgages are owned by the Owner Bank or any successor or assignee of the Owner Bank, and not owned by FHLB Dallas; or (iii) the Servicing Rights and the Credit Enhancement are held by different PFIs.

  • Please note, not all MPF Banks accept delivery of loans with appraisal waivers, and some MPF Banks may impose additional restrictions therefore, PFIs should contact their local MPF Bank before delivery of any loans with an Appraisal Waiver offer, to ensure eligibility and compliance with MPF Bank specific requirements.

  • The Servicer must furnish to the MPF Bank or any other investor upon request, and to keep up to date, a description of the Servicer and its activities, suitable, in the MPF Bank's or other investor’sdiscretion, for disclosure purposes related to securitization.

  • Such suspension shall not limit the MPF Bank's prerogative to take other steps to enforce its rights or to protect its interests.The MPF Bank, at its sole discretion, may require the PFI to repurchase a deficient Mortgage Loan.

  • Such suspension shall not limit the MPF Bank's prerogative to take other steps to enforce its rights or to protect its interests.

  • Failure of the PFI to takecorrective action within the required time may result in suspension of origination and/or Servicing as a PFI.Such suspension shall not limit the MPF Bank's prerogative to take other steps to enforce its rights or to protect its interests.The MPF Bank, at its sole discretion, may require the PFI to repurchase a deficient Mortgage Loan.

Related to MPF Banks

  • Banks shall include the Agent in its individual capacity.

  • Required Banks means at any time Banks having at least 66 2/3% of the aggregate amount of the Commitments or, if the Commitments are no longer in effect, Banks holding at least 66 2/3% of the aggregate outstanding principal amount of the sum of the (i) Syndicated Loans and (ii) Money Market Loans.

  • Participating Banks means the list of Banks as set out in Table 2 below.

  • Issuing Banks shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent).

  • Managing Agents as defined in the preamble hereto.

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Liquidity Providers means, collectively, the Class A Liquidity Provider and the Class B Liquidity Provider.

  • KeyBank means KeyBank National Association.

  • Issuing Lenders means all such Persons, collectively.

  • Bank Parties means Administrative Agent and the Banks.

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Reference Lenders means the Agent unless the Agent resigns said responsibility, at which time and thereafter such term means one or two Lenders selected by the Agent in its discretion from time to time as a reference lender for purposes of determining the Adjusted Libor Rate.

  • Wachovia means Wachovia Bank, National Association.

  • Liquidity Account Initial Date means, with respect to any Series, the date designated as the Liquidity Account Initial Date in the Appendix for such Series.

  • Bank of America means Bank of America, N.A. and its successors.

  • Bank is defined in the preamble hereof.

  • Exiting Lender see Section 2.17.7.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Administrative Agents the collective reference to the General Administrative Agent and the Canadian Administrative Agent.