Participation Agent definition

Participation Agent. With respect to any Non-Custody Collateral Interest, the party designated as such under the related Participation Agreement.

Participation Agent means IBJTC Leasing Corporation-BSC, as Participation Agent for the Participants.

Participation Agent means such entity that the Client shall contract with to perform the duties of participation agent under the GNMA II Custom MBS Program. “Participations” means with respect to any HMBS Loan, participations that are eligible to be converted into HMBS. “Party” means Client or BANA, as applicable. “Person” means an individual, corporation, partnership, limited liability company, joint venture, trust or unincorporated organization. “Pledge Agreement” means the Pledge and Security Agreement, dated as of December 5, 2011, by and between Nationstar Mortgage LLC, as pledgor and BANA, as pledgee. “Pool Data” means a schedule attached to a Xxxxxx Xxx Pooling Request containing the information set forth in Exhibit D-1 hereto. “Principal Advances” means, with respect to any Mortgage Loan, Scheduled Payments, Unscheduled Payments and MIPs. “Principal Balance” means, with respect to any Mortgage Loan on any date of determination, the principal balance of the Mortgage Loan as of such date (including, without limitation, all related Servicing Fees, Principal Advances, accrued interest and Servicing Advances to the extent permitted to be added to the principal balance of the Mortgage Loan) after giving effect to payments of principal on or before such date. “Principal Prepayment” Any partial or full payment or other recovery of principal on a Mortgage Loan. “Privacy Requirements” means the obligations imposed by (i) Title V of the Xxxxx- Xxxxx-Xxxxxx Act, 15 U.S.C. § 6801 et seq., (ii) the applicable federal regulations implementing such act and codified at 12 CFR Parts 40, 216, 332, and/or 573, (iii) Interagency Guidelines Establishing Standards For Safeguarding Borrower Information published in final form on February 1, 2001, (such final guidelines and/or rules the “Interagency Guidelines”) and (iv) other applicable federal, state and local laws, rules, regulations, and orders relating to the privacy and security of Customer Information, including the federal Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and similar state laws.

Examples of Participation Agent in a sentence

• The form will also serve to identify the Issuer’s Participation Agent to Ginnie Mae.

• Issuers serving as a Participation Agent for Ginnie Mae HMBS securities reporting are automatically exempt from the demonstrated participation requirement.

• An Issuer may contract with only one Participation Agent to perform all monitoring and accounting activities related to pooled Participations, as designated in form HUD 11706H (see Appendix I-7); and Financial requirements described in MBS Guide, Ch. 3.

• Name of Issuer By Date Title The Issuer and the Participation Agent: (if applicable) The Agreement, dated this day of , 20 , is by and between the Issuer and , a duly formed pursuant to the laws of the State or Commonwealth of , having a principal office at (Participation Agent).

• The Issuer agrees to be responsible and liable for the monitoring and accounting for the Participations, including any acts or omissions of its Participation Agent in connection therewith.

More Definitions of Participation Agent

Participation Agent. With respect to each Participated Mortgage Loan, the party designated as such under the related Participation Agreement.

Participation Agent means BNP Paribas S.A. acting as participation agent under the Funded Participation Agreement on behalf and for account of the Participants. Party means a party to this Agreement. Passport Account means the Passport Dollar Account or the Passport Euro Account.

Participation Agent. With respect to each Participated Mortgage Loan that is a Non-CLO Custody Mortgage Asset, the party designated as such under the related Participation Agreement.

Participation Agent means U.S. Bank National Association as participation agent under the Master Participation Agreement.

Participation Agent. NYMT Loan Trust 2016-RP1, a Delaware statutory trust. Appendix A-12

Participation Agent. Xxxxx Fargo Bank, N.A., not in its individual capacity but solely as Participation Agent hereunder, or any successor in interest or permitted assign, or if any successor Participation Agent shall be appointed as herein provided, then such successor Participation Agent.

Participation Agent means such entity that the Client shall contract with to perform the duties of participation agent under the GNMA II Custom MBS Program.