Eligible Products and Pool Size. Seller may sell eligible Junior Guarantor Mortgages in exchange for Junior Guarantor PCs in accordance with the terms of this Attachment. The terms and conditions specified in the Guide governing the sale of Mortgages to ▇▇▇▇▇▇▇ Mac in exchange for PCs will apply to Junior Guarantor Mortgages, except as modified by this Agreement. For Adjustable Rate Mortgages, the terms and conditions specified in the Guide governing the sale of ARMs to ▇▇▇▇▇▇▇ Mac in exchange for WAC ARM PCs will apply to Junior Guarantor ARMs, except as modified by this Agreement. Although the provisions of Sections 17.7(c) and 29.6(f) first bullet of the Guide provide otherwise, Junior Guarantor PCs shall have a minimum pool size of $50,000.
Appears in 2 contracts
Sources: Master Agreement (Crescent Banking Co), Master Agreement (Crescent Banking Co)