Common use of Securitization Clause in Contracts

Securitization. A sale or transfer of Loans by the Issuer at the direction of the Majority Noteholders to any other Person in order to effect one or a series of structured-finance securitization transactions, including but not limited to transactions involving the issuance of securities which may be treated for federal income tax purposes as indebtedness of Option One or one or more of its wholly-owned subsidiaries. Securityholder: Any Noteholder or Certificateholder.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (H&r Block Inc), Sale and Servicing Agreement (H&r Block Inc), Sale and Servicing Agreement (H&r Block Inc)

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Securitization. A sale or transfer of Loans by the Issuer at the direction of the Majority Noteholders to any other Person in order to effect one or a series of structured-finance securitization transactions, including but not limited to transactions involving the issuance of securities which may be treated for federal income tax purposes as indebtedness of Option One CapitalSource or one or more of its wholly-wholly owned subsidiaries. Securityholder: Any Noteholder or Certificateholder.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Securitization. A sale or transfer of Loans by the Issuer at the direction of the Majority Noteholders to any other Person in order to effect one or a series of structured-finance securitization transactions, including but not limited to transactions involving the issuance of securities which may be treated for federal income tax purposes as indebtedness of Option One CapitalSource or one or more of its wholly-wholly owned subsidiaries. Securityholder: Any Noteholder or Certificateholder.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

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Securitization. A sale or transfer of Loans by loans, including Loans, to the Issuer at the direction Depositor or an Affiliate of the Majority Noteholders to Depositor or any other Person in order to effect one or a series of structured-finance securitization transactions, including but not limited to transactions involving the issuance of securities which may be treated for federal income tax purposes as indebtedness of Option One Advanta Corp. or one or more of its wholly-owned subsidiaries. Securityholder: Any Noteholder or Certificateholder.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Advanta Corp)

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