Pool Purchase Contract definition

Pool Purchase Contract means, as applicable, either the Xxxxxxx Mac Purchase Contract or the Xxxxxx Xxx Pool Purchase Contract, entered into by Xxxxxxx Mac or Xxxxxx Xxx, as applicable, and the Servicer relating to the sale by the Servicer of Mortgage Loans to Xxxxxxx Mac or Xxxxxx Xxx, as applicable, and the servicing thereof, as from time to time supplemented and amended.
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Pool Purchase Contract means the Xxxxxx Mae Pool Purchase Contract and the Xxxxxxx Mac Pool Purchase Contract..
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Pool Purchase Contract means a Pool Purchase Contract between a servicer and Fannie Mae or Freddie Mac, as applicable, relating to the sale by the servicer of Mortgage Loans to Fannie Mae or Freddie Mac, as applicable, and the servicing of such Mortgage Loans.
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Examples of Pool Purchase Contract in a sentence

  • The Servicer agrees to purchase Mortgage Loans at least once each week, notwithstanding that the amount of such Mortgage Loans, together with other Mortgage Loans purchased or to be purchased by the Servicer to form a Pool under the Xxxxxx Mae Guide or Pool Purchase Contract may be less than the minimum Pool size.

  • After the issuance date of each Pool, Servicer will be governed by the GNMA Guide, Xxxxxx Mae Guides or Xxxxxxx Mac Guides, as applicable, and the MBS Agreement and Pool Purchase Contract.

  • In the event of the vehicle detailed in Annexure-I comes under consideration for the contract; it should be placed/provided, on demand, for inspection/test at any place fixed by the Department of Telecom before finalization of the tender.14.

  • The Servicer agrees to comply with the requirements of each Pool Purchase Contract.

  • It recites that Fannie Mae and the lender are parties to a Pool Purchase Contract which provides for Fannie Mae’s purchase of certain mortgage loans.

  • Among other things, the agreement requires the lender to deliver to the document custodian certain documents regarding the Pool Purchase Contract loans on or before something called the “Issue Date” (which is not defined in the document).

  • Pool and swap the conventional Mortgage Loans for Fannie Mae Mortgage-Backed Securities under the terms of its Fannie Mae Mortgage-Backed Securities ("MBS") Pool Purchase Contract for sale to the Trustee.

  • If the Trustee does not receive a payment on a MBS Certificate by the close of business on the day such payment is due to be received, the Trustee shall immediately notify, and demand payment, as applicable, from GNMA in accordance with the GNMA Guaranty Agreement with respect to the GNMA Certificates, from FHLMC in accordance with the FHLMC Certificates or from FNMA in accordance with the Pool Purchase Contract with respect to the FNMA Certificates.

  • Brown & Williamson Tobacco Corp.,529 U.S. 120 (2000) 9Franklin v.

  • After the issuance date of each Pool, Servicer will be governed by the GNMA Guide, the Xxxxxxx Mac Guides or Xxxxxx Mae Guides, as applicable, and the MBS Agreement and Pool Purchase Contract.


More Definitions of Pool Purchase Contract

Pool Purchase Contract means the Fannie Mae Pool Purchase Contracts between the Servicer and FNMA relating to the sale to FNMA by the Servicer of loans related to the FNMA Certificates.
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Pool Purchase Contract means the Certificate Provider Pool Purchase Contract between Servicer and any of the Certificate Providers relating to the sale of Mortgage Loans to Certificate Providers by Servicer, or the issuance of Certificates by Servicer and the servicing thereof.
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Pool Purchase Contract means the Xxxxxx Xxx or Freddie Mac Pool Purchase Contract between the Servicer and Xxxxxx Xxx or Freddie Mac relating to the sale by the Servicer of Xxxxxx Xxx or Freddie Mac Conventional Mortgage Loans to Xxxxxx Xxx or Freddie Mac, respectively, and the servicing thereof.
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Pool Purchase Contract means an agreement between Xxxxxx Xxx and the Servicer to buy and sell mortgage loans or Participation Interests for inclusion in a Xxxxxx Mae Pool.
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Pool Purchase Contract means an agreement between Fannie Mae and the Servicer to buy and sell mortgage loans or Participation Interests for inclusion in a Fannie Mae Pool.
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Related to Pool Purchase Contract

  • Purchase Contract means, with respect to any Unit, the contract forming a part of such Unit and obligating the Company to (i) sell, and the Holder of such Unit to purchase, shares of Common Stock and (ii) pay the Holder thereof Contract Adjustment Payments, in each case on the terms and subject to the conditions set forth in Article 5 hereof.

  • Final Purchase Date means the final date on which a purchase and sale of Loans and their Related Security is completed pursuant to the terms of the Mortgage Sale Agreement;

  • Control Purchase means any transaction (or series of related transactions) in which (1) any person (as such term is defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), corporation or other entity (other than the Company, any Subsidiary of the Company or any employee benefit plan sponsored by the Company or any Subsidiary of the Company) shall purchase any Common Stock of the Company (or securities convertible into Common Stock of the Company) for cash, securities or any other consideration pursuant to a tender offer or exchange offer, without the prior consent of the Board, or (2) any person (as such term is so defined), corporation or other entity (other than the Company, any Subsidiary of the Company, any employee benefit plan sponsored by the Company or any Subsidiary of the Company or any Exempt Person (as defined below)) shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 20% or more of the combined voting power of the then outstanding securities of the Company ordinarily (and apart from the rights accruing under special circumstances) having the right to vote in the election of directors (calculated as provided in Rule 13d-3(d) under the Exchange Act in the case of rights to acquire the Company’s securities), other than in a transaction (or series of related transactions) approved by the Board. For purposes of this definition, “Exempt Person” means each of (a) the Chairman of the Board, the President and each of the directors of the Company as of the Distribution Date, and (b) the respective family members, estates and heirs of each of the persons referred to in clause (a) above and any trust or other investment vehicle for the primary benefit of any of such persons or their respective family members or heirs. As used with respect to any person, the term “family member” means the spouse, siblings and lineal descendants of such person.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Initial Purchase Date The first Payment Date following the month in which the Pool Balance is initially reduced to less than 20% of the Cut-off Date Balance.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Change of Control Purchase Date shall have the meaning specified in Section 10.1.

  • Change of Control Purchase Price shall have the meaning specified in Section 10.1.

  • Retail Purchase means a purchase of any goods or services by the use of the Card and may, at the Bank’s absolute discretion and without prior notice, include or exclude any Card transaction as may be determined by the Bank;