Eligible Mortgage Loan

Example Definitions of "Eligible Mortgage Loan"
Eligible Mortgage Loan. If a Low FICO Loan, whose Purchase Price, when added to the sum of the Purchase Prices of all other Low FICO Loans that are then subject to Transactions, is less than or equal to ten percent (10%) (or such other percentage as may be determined by Buyer in its sole discretion and specified in a written notice from Buyer to Seller from time to time) of the Facility Amount
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