Asset Securitization definition

Asset Securitization means a public or private transfer of installment receivables, credit card receivables, lease receivables, mortgage loan receivables, policyholder loan receivables, premiums, debt obligations or any other type of secured or unsecured financial assets or rights to future payments of any kind, or interests therein, which transfer is recorded as a sale according to GAAP as of the date of such transfer.

Asset Securitization means a sale, other transfer or factoring arrangement by the Company and/or one or more of its Subsidiaries of accounts, related general intangibles and chattel paper, and the related security and collections with respect thereto to a special purpose Subsidiary (an “SPV”), and the sale, pledge or other transfer by that SPV in connection with financing provided to that SPV, which financing shall be “non-recourse” to the Company and its Subsidiaries (other than the SPV) except pursuant to the Standard Securitization Undertakings.

Asset Securitization means a sale, other transfer or factoring arrangement by the Borrower and/or one or more of its Subsidiaries of accounts, related general intangibles and chattel paper, and the related security and collections with respect thereto to a special purpose Subsidiary (an “SPV”), and the sale, pledge or other transfer by that SPV in connection with financing provided to that SPV, which financing shall be “non-recourse” to the Borrower and its Subsidiaries (other than the SPV) except pursuant to the Standard Securitization Undertakings.

Examples of Asset Securitization in a sentence

• This certifies that [_______] is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc.

• This certifies that UBS Securities LLC is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc.

• Residential Asset Securitization Trust 200_-__ Mortgage Pass-Through Certificates This Certificate is one of a duly authorized issue of Certificates designated as IndyMac MBS, Inc.

• Residential Asset Securitization Trust 200_-_ Mortgage Pass-Through Certificates, Series 200_-_ Class [__] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of a pool of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties.

• Depositor: Mortgage Asset Securitization Transactions, Inc., a Delaware corporation, or its successor in interest.

More Definitions of Asset Securitization

Asset Securitization means any transaction or series of transactions that may be entered into by any Company pursuant to which such Company or any of its Subsidiaries may sell, convey or otherwise transfer any of their assets to a Special Purpose Entity, and pursuant to which the Special Purpose Entity will, in turn, pay to such Company a portion of the proceeds of a secured loan or debt offering to public or private investors (with such secured loan or debt offering being, among other things, non recourse to such Company).

Asset Securitization means the sale of accounts receivable and related assets of a Person in connection with a bona fide asset securitization program.

Asset Securitization means the sale, disposition, transfer or assignment by Company or any of its Subsidiaries to a special purpose corporation, trust or other entity, of notes evidencing obligations to repay secured or unsecured loans owned by Company or any such Subsidiary, which notes are subsequently sold, transferred or assigned to one or more Asset Securitization Affiliates, and, as a result of such sale, transfer or assignment, bonds, certificates or other evidences of ownership representing interests in pools of such loans are issued, either simultaneously or subsequently.

Asset Securitization means with respect to any Person, a transaction involving the sale or transfer of receivables by such Person to an SPV; provided, however, that the Person may (A) establish and maintain a reserve account containing Cash or Securities as a credit enhancement in respect of any such sale, or (B) purchase or retain a subordinated interest in such receivables being sold.

Asset Securitization means any sale, assignment or other transfer by the Borrower or a Subsidiary thereof of accounts receivable or other payment obligations owing to the Borrower or such Subsidiary or any interest in any of the foregoing, together in each case with any collections and other proceeds thereof, any collection or deposit accounts related thereto, and any collateral, guaranties or other property or claims in favor of the Borrower or such Subsidiary supporting or securing payment by the obligor thereon of, or otherwise related to, any such receivables, payment obligations or other related property.

Asset Securitization means the asset securitization program entered into by the Receivable Subsidiaries and Three Pillars Funding Corporation.

Asset Securitization means the asset securitization program entered into by the Receivable Subsidiaries and Three Pillars Funding Corporation; provided that the outstanding attributed principal amount of such program shall not at any time exceed $175,000,000.