Common use of The Offered Securities Clause in Contracts

The Offered Securities. The Depositor proposes to sell pursuant to the applicable Underwriting Agreement to the several Underwriters named therein home equity loan certificates (the "Securities") representing beneficial ownership interests in a trust, the trust property of which consists of a pool of home equity loans (the "Mortgage Loans") and certain related property. The Securities will be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement") by and among the Depositor, American Business Credit, Inc., as Servicer (the "Servicer") and The Chase Manhattan Bank, as trustee (the "Trustee"). The terms and rights of any particular issuance of Securities shall be as specified in the Underwriting Agreement relating thereto and in or pursuant to the Pooling and Servicing Agreement identified in such Underwriting Agreement. The Securities which are the subject of any particular Underwriting Agreement into which this Agreement is incorporated are herein referred to as the "Offered Securities."

The Offered Securities. The Depositor proposes to sell pursuant to the applicable Underwriting Agreement to the several Underwriters named therein home equity loan certificates (the "Securities") representing beneficial ownership interests in a trust, the trust property of which consists of a pool two pools of home equity loans (the "Mortgage Loans") and certain related property. The Securities will be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement") by and among the Depositor, American Business Credit, Inc., as Servicer (the "Servicer") and The Chase Manhattan Bank, as trustee (the "Trustee"). The terms and rights of any particular issuance of Securities shall be as specified in the Underwriting Agreement relating thereto and in or pursuant to the Pooling and Servicing Agreement identified in such Underwriting Agreement. The Securities which are the subject of any particular Underwriting Agreement into which this Agreement is incorporated are herein referred to as the "Offered Securities."