The de minimis constraint does not apply to the up-front Servicer 12 Incentive Payment, the Payment Reduction Cost Share, or the Home Price Depreciation Reserve Payment.
For purposes of this Exim Agreement 'Borrowing Base' shall mean an amount equal to (i) ninety percent (90) of the Exim Eligible Foreign Accounts and (ii) seventy percent (70) of Eligible Foreign Inventory, minus the amount of any advance payments or deposits made by Borrower's.
All amounts actually paid by Bank in respect of a letter of credit shall, when paid, constitute an Advance under this Agreement.Modification Fees and Charges Reimbursable by Investor: Modification fees and charges to the servicer will be reimbursable by the investor.In the event that the Home Affordable Modification or alternative foreclosure prevention options fail, the foreclosure action may be resumed.(c) Interest shall accrue from the date of each Equipment Advance #2 not amortized pursuant to Section.1.5(b) at the rate specified in Section.1.5(d and shall be payable monthly for each month through April 15, 1999 (the 'Second Term Out Date #2.Required Modifications and Optional Modifications: A standard NPV Test will be required on each loan that is in Imminent Default or is at least 60 days delinquent under the MBA delinquency calculation.No monthly lender/investor payments will be made if the Trial Period is not completed successfully.D/B/ponsoring Registrar iana ID: 303 Registrar URL (registration services m Domain Status: clientTransferProhibited Variant: Z Registrant ID: DI_29872184 Registrant Name: Tony Brown Registrant Organization: N/A Registrant Address1: 6185.Interest Rate Cap: The modified interest rate must remain in place for five years, after which time the interest rate will be gradually increased 1 (100 basis points) per year or such lesser amount as may be needed until it reaches the Interest Rate Cap.Servicers will also receive Pay for Success fees payable 12 months from the effective date of the Trial Period as long as the borrower continues in the program of up to 1,000 each year for three years.Throughout this document the term servicer means the party that is responsible for performing the modification activities.Magnolia Ave., Suite 358 Billing Contact City: Riverside Billing Contact State/Province: California Billing Contact Postal Code: 92506 Billing Contact Country: United States Billing Contact Country Code: US Billing Contact Phone Number:.Underwriting Analysis Front-End DTI Target: Front-End DTI is the ratio of pitia to Monthly Gross Income.The following term is hereby incorporated into Section.1 entitled 'Definitions 'libor' means the London Interbank Overseas Rate as described in the libor Supplement to Agreement attached hereto.Borrower Cash Contribution: The investor may not require the borrower to contribute cash.Second Lien Elimination Payments: To reduce the borrowers overall indebtedness and improve loan performance, additional incentives will be provided to extinguish junior liens on homes with first-lien loans that are modified under the program.Servicer judgment regarding the effect of DTI is expected, given the limited data available and the likelihood that the new program will materially affect Cure and Redefault Rates.The Domestic Loan Agreement provided for, among other things, a Committed.Servicers should ensure that such inquiries and complaints are provided fair consideration, and timely and appropriate responses and resolution.
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