Conforming Loans definition

Conforming Loans. As defined in the Series Supplement.
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Conforming Loans means residential mortgage loans that conform to the Agency underwriting guidelines and meet the funding criteria of Fannie Mae and Freddie Mac.
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Conforming Loans means loans (a) conforming to the requirements of the Program Guidelines at the time the loans were made, (b) serviced by the Servicer in accordance with the Program Guidelines, and (c) covered by and subject to all the benefits of the Guaranty Agreement.
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Examples of Conforming Loans in a sentence

  • FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the NextStudent Conforming Loans and shall be solely responsible for arranging and paying all costs for servicing of the NextStudent Conforming Loans after purchase of such Loans.

  • As Purchaser of such NextStudent Conforming Loans, FMC or the Purchaser Trust shall receive: (i) interest on such NextStudent Conforming Loans from and after the Purchase Date, and (ii) any and all other payments and recoveries received by the Servicer or Program Lender from the borrowers and cosigners of such NextStudent Conforming Loans, or others pursuant to, or in respect of, such NextStudent Conforming Loans from and after the Purchase Date, and all proceeds thereof.

  • Program Lender shall be solely responsible for and shall pay all costs due to any third party from Program Lender (including, without limitation, amounts due to XXXX or Servicer) with respect to origination of NextStudent Conforming Loans and with respect to loan servicing of NextStudent Conforming Loans incurred prior to purchase of a NextStudent Conforming Loan hereunder.

  • In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the NextStudent Conforming Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within ten (10) business days to the trustee under the Trust Indenture.

  • On the Purchase Date, Program Lender shall assign and convey all NextStudent Conforming Loans originated by Program Lender included in the Pool to FMC, or a Purchaser Trust, in consideration of receipt of the Minimum Purchase Price therefor.

  • The transfer of funds pursuant to Section 2.04 hereof shall constitute, and the delivery to FMC, or its designated Purchaser Trust of each Pool Supplement shall evidence, a sale and assignment to FMC or the Purchaser Trust of the related NextStudent Conforming Loans and of all of Program Lender’s interest in such NextStudent Conforming Loans.

  • Program Lender shall insure that Program Lender’s rights under the Servicing Agreement and the Origination Agreement with respect to any matters occurring prior to the Purchase Date and affecting the NextStudent Conforming Loans in each Pool shall be transferred to FMC or the Purchaser Trust by execution and delivery of a Pool Supplement.

  • The parties agree that this Amended and Restated Note Purchase Agreement supersedes and replaces the Old Note Purchase Agreement in its entirety and the purchase of any and all EDUCATION ONE Conforming Loans after the Effective Date will be made under the terms and conditions of this Amended and Restated Note Purchase Agreement and not under the Old Note Purchase Agreement; provided, however, that the Third Amendment to Program Agreements, dated November 1, 2001, remains in full force and effect.

  • FMC or the Purchaser Trust shall be solely responsible for and shall pay any Securitization Costs and any and all obligations it has incurred in connection with the purchase, financing of purchase and securitization of the NextStudent Conforming Loans.

  • As to any NextStudent Conforming Loans purchased hereunder, the representations and warranties contained herein and the indemnifications and indemnification procedures contained in Article VIII hereof with respect to such NextStudent Conforming Loans shall survive until each such NextStudent Conforming Loan is paid in full.


More Definitions of Conforming Loans

Conforming Loans. The Group 4 Mortgage Loans.
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Conforming Loans means all Tranche A Loans outstanding as of the Effective Date, the aggregate amount of which is not in excess of $60,000,000 minus the aggregate amount of all payments applied to the principal of such Loans from the Effective Date through the Forbearance Termination Date.
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Conforming Loans means loans (a) conforming to the requirements of the Program Guidelines at the time the loans were made, (b) serviced by the Servicer in accordance with the Program Guidelines, and (c) covered by and subject to all the benefits of the Guaranty Agreement. “Deposit and Security Agreement” means the agreement of that name among Program Lender, XXXX, FMC, and State Street Bank & Trust Company, dated as of April 30, 2001. "First Marblehead" or “FMC” shall mean The First Marblehead Corporation, a Delaware corporation. “Guaranty Agreement” means the Amended and Restated Guaranty Agreement between Program Lender and XXXX, dated as of June 30, 2006. "Loan Origination Agreement" refers to (a) the Amended and Restated Loan Origination Agreement entered into between XXXX and Program Lender with respect to origination of prepGATE Conforming Loans and Bank of America XXXX Loans that are Conforming Loans, as amended from time to time, and (b) any subsequent agreement relating to origination services provided to Program Lender with respect to Bank of America SC Loan Notes purchased under this Agreement. "Minimum Purchase Price" has the meaning set forth in Section 2.04. “Option Period” means, with respect to any particular Bank of America SC Conforming Loan, the period beginning on the first May 1 when such loan first becomes a Seasoned Loan and ending [**] days thereafter. "Origination Records" means and refers to the original Bank of America SC Loan Application and Note, a form of cosigner notice when required under 16 C.F.R. § 444, and any other standardized documentation specified from time to time in the Program Guidelines as required to be received by the Servicer from the Program Lender in order to service Bank of America SC Conforming Loans adequately and accurately. "Participating Institution" means an institution approved by XXXX for participation in the Bank of America SC Loan Programs. "Program" shall mean, collectively, the Bank of America Private Loan Programs and the Bank of America XXXX Loan Programs. "Program Guidelines" has the meaning set forth in the Umbrella Agreement. "Purchase Date" shall mean the date of consummation of a Securitization Transaction with respect to a particular Pool including Bank of America SC Conforming Loans originated by Program Lender, which date: (a) shall be set by written notice from FMC to Program Lender, given to Program Lender not less than five (5) Business Days in advance of the specified date, and (b) shall occur [**]...
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Conforming Loans. At a per annum rate equal to Prime Rate plus four percent (4%)
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Related to Conforming Loans

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Refinancing Loans means the Refinancing Revolving Loans and the Refinancing Term Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Revolving Loans as defined in Section 2.25.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Existing Loan means the loan identified on Exhibit H.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term Loans as defined in Section 2.1.

  • Non-Performing Loans means, with respect to any Bank Subsidiary at any time, the aggregate principal amount (including any capitalized interest) of all nonaccruing loans of such Bank Subsidiary plus the aggregate principal amount of all loans of such Bank Subsidiary that are ninety (90) days or more past due and still accruing minus the Guaranteed Loan Amount of such Bank Subsidiary, in each case at such time.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Refinanced Loans has the meaning specified in Section 10.01.