Ginnie Mae, Fannie Mae, Freddie Mac, the FHA, the VA or the RD, as applicable, in the ordinary course of business or (ii) at the request of Seller to Ginnie Mae, Fannie Mae, Freddie Mac, the FHA, the VA or the RD, as applicable, and as to which with respect to this clause (ii), Seller has given prior written notice to Buyer of any such amendment, supplement or other modification.
Agency Program: The Ginnie Mae Program, the Fannie Mae Program and/or the Freddie Mac Program, as the context may require.
Aggregate Outstanding Purchase Price: The aggregate outstanding Purchase Price of all Transactions or specified Purchased Assets, as the case may be, as of any date of determination. For purposes of clarity, the Aggregate Outstanding Purchase Price shall include any Purchase Price funded irrespective of whether a Wet Mortgage Loan subject to the related Transaction actually closed until such Purchase Price is returned pursuant to this Agreement.
Aggregate Transaction Limit: The maximum aggregate principal amount of Transactions (measured by the related outstanding Purchase Price) that may be outstanding at any one time, as set forth in the Transactions Terms Letter.
Aging Event: With respect to any Purchased Asset and any date of determination, such Purchased Asset has been subject to one or more Transactions for a period greater than forty-five (45) calendar days.
Aging Event Asset: If applicable per the Transactions Terms Letter, as of any date of determination, a Purchased Asset that is not a Defective Asset and was not repurchased prior to the occurrence of an Aging Event with respect to such Purchased Asset.
Anti-Money Laundering Laws: As defined in Section 8.1(x) of this Agreement.
Applicable Pricing Rate: With respect to any date of determination, the greater of (a) One-Month LIBOR, and (b) the LIBOR Floor. It is understood that the Applicable Pricing Rate shall be adjusted on a monthly basis on each LIBOR Determination Date. Notwithstanding the foregoing, under no circumstance shall the Applicable Pricing Rate be less than zero.
Applicable Underwriting Guidelines: With respect to any Jumbo Mortgage Loan or Non-Qualified Mortgage Loan, the applicable Seller underwriting guidelines for such Mortgage Loan delivered by Seller to Buyer on or prior to the related Purchase Date pursuant to Section 7.1(a)(xi) and, as applicable, Section 7.2(o), and Sellers underwriting guidelines titled: Elite Access ARM, Empire Elite Fixed/ARM, Empire Premier Fixed/ARM, Fresh Start ARM/Fixed, Homeowners Access ARM/Fixed, Investment ARM/Fixed, Investor Access ARM/Fixed Correspondent, Investor Access ARM/Fixed Retail and Wholesale, Premier Access ARM/Fixed Retail and Wholesale, Professional Elite ARM/Fixed, Caliber Jumbo Fixed/ARM, Chase Jumbo Fixed/ARM, Jumbo Select, or Wells Fargo, in each case, as the same may be amended from time to time.
Approvals: With respect to Seller or any Servicer, the approvals obtained by the applicable Agency, HUD, the VA or the RD in designation of Seller or such Servicer, as applicable, as a Ginnie Mae-approved issuer, a FHA-approved mortgagee, a VA-approved lender, a RD-approved lender, a Fannie Mae-approved lender or a Freddie Mac-approved Seller/Servicer, as applicable, in good standing.
Approved Investor: Any Agency, Governmental Authority, Affiliate of Seller, or any other private institution, in each case, as approved by Buyer in its sole discretion, purchasing such Purchased Mortgage Loans or Mortgage-Backed Securities on a forward basis from Seller pursuant to a Purchase Commitment.