Asset Type can typically be expected to include the following security types: · Equities: Domestic Equity, Foreign Equity, Warrants · Asset Backed: ABS, MBS, CMO’s, CMBs · General Bonds: US Investment Grade Corporate Bonds, US High Yield Corporate Bonds, International Bonds · Government Bonds: Agency Debt, US Government Bonds, Money Market, Municipal Bonds · Complex Debt: Bank Loans · Listed Derivatives: Futures, options · Simple OTC: Interest Rate Swap; OTC Options; Currency Forwards; Currency Swap · Mid Tier OTC: Total Return Swap; Asset Swaps; Cross Currency Swaps; Credit Default Swaps · Complex OTC: Exotic Options; Volatility Swaps; CDOs; CLOs
Asset Type. [Mortgage Loan][A-Note][Pari Passu A-Note][B-Note][Pari Passu Participation Interest][Senior Participation Interest][Junior Participation Interest] Number of Properties: Borrower: Property Name (for each property): Property Address (for each property): Origination Date: Interest Rate: Maturity Date: Outstanding Principal Amount: Future Funding Obligations: Governing Agreements: Required Companion Asset: Additional Collateral (Mezzanine Loan): Schedule 2 to Transaction Request REQUESTED EXCEPTIONS REPORT INSTRUCTIONS: LIST ANY AND ALL EXCEPTIONS TO THE REPRESENTATIONS AND WARRANTIES AND ANY OTHER ELIGIBILITY CRITERIA CONTAINED IN THE REPURCHASE AGREEMENT THAT ARE APPLICABLE TO THE PROPOSED ASSET(S). EXHIBIT III FORM OF CONFIRMATION STATEMENT [DATE] To: [Sub-1] [Sub-1-T] Re: Master Repurchase Agreement, dated as of [__________], 2023 (as further amended, restated, supplemented, or otherwise modified and in effect from time to time, the “Repurchase Agreement”) by and among SCREDIT Mortgage Funding Sub-1, LLC, SCREDIT Mortgage Funding Sub-1-T, LLC and Citibank, N.A. (“Purchaser”). Ladies and Gentlemen: In accordance with Article 3(a) of the Repurchase Agreement, Purchaser is pleased to deliver this written CONFIRMATION of its agreement to enter into a Transaction with you pursuant to which Purchaser will purchase from you the Proposed Asset identified below on the terms set forth herein and in accordance with the Repurchase Agreement. Capitalized terms used but not otherwise defined herein shall have the meanings assigned thereto in the Repurchase Agreement. Purchase Date: __________, 20__ Proposed Asset(s): As identified on attached Schedule 1 Aggregate Principal Amount of Proposed Asset(s): As identified on attached Schedule 1 Governing Agreements: As identified on attached Schedule 1 Repurchase Date: __________, 20__ Initial Purchase Price: $__________ Initial Market Value of the Purchased Asset: $__________ Debt Yield of the Mortgage Loan: _______% As-Is LTV of the Mortgage Loan: _______% Initial Debt Yield of the Purchased Asset: _______% Initial As-Is LTV of the Purchased Asset: _______% Initial Purchase Price LTV of the Purchased Asset: _______% Pricing Rate: Term SOFR plus Applicable Spread of _______ basis points, as such Applicable Spread may be adjusted after the Purchase Date in accordance with the definition thereof. Maximum Purchase Price Percentage: Initially _______% and thereafter, as such Maximum Purchase Price Percentage may be adjusted afte...
Asset Type means the grouping of assets having common characteristics that distinguish those assets as a group or class.
Examples of Asset Type in a sentence
Table -1: Maintenance Criteria for Pavements: Asset Type Perform ancePar amet er Level of Service (LOS) Freque ncy of Inspect ion Tools/Equip ment Standards and References for Inspection and Data Analysis Time limit for Rectification/ Repair Maintena nceSpecifi cations Desirable Accepta ble Flexible Pavement (Pavement of MCW, Service Road,approache Potholes Nil < 0.1 %of area and subject to limit of 10 mm in depth Daily Length Measuremen t Unit like Scale, Tape, odometer etc.
IRC 82: 2015 and Distress Identification Manual for Long Term Pavement Performance Program, FHWA 2003 (xxxx://xxx.xxxxx.xxx/pavement/lttp/ reports/03031/) 24-48 hours MORT&H Specificatio n 3004.2 Asset Type s of Grade structure, approache s of connecting roads, slip roads, lay byes etc.
More Definitions of Asset Type
Asset Type means a sub-category within an Asset Class. In this way, Assets are further grouped according to their principles of operation and assembly. For example, Centrifugal Pump is an Asset Type with the Asset Class of Pumps;
Asset Type means an Eligible Conforming Mortgage Loan, an Eligible Conforming Non-Owner Occupied Mortgage Loan, an Eligible Conforming High CLTV Loan, an Eligible Jumbo Mortgage Loan, an Eligible State Bond Loan, an Eligible Down Payment Assistance Loan, an Expanded Guidelines Loan, a Non-Qualified Mortgage Loan, an Eligible Standalone Second Mortgage Loan, or an Eligible Single-Close CTP Mortgage Loan.
Asset Type. [Mortgage Loan][Mortgage Loan and Mezzanine Loan][Senior Note][Senior Participation Interest] Outstanding Principal Amount of Purchased Asset as of Purchase Date: $__________ Available Future Funding under Purchased Asset as of Purchase Date: $__________ Repurchase Date: As defined in the Agreement Purchase Price: $__________ Pricing Rate: LIBOR Rate plus ____% Purchase Price Percentage: __________% GS Mortgaged Property Value $__________ Purchase Price LTV: __________% Maximum Purchase Price LTV: __________% Ex. II-1 Minimum Purchase Price Debt Yield: Underwritten Net Operating Income Purchase Price Debt Yield Year 1 Year 2 Year 3 Year 4 Year 5
Asset Type means, with respect to any Pledged Asset, whether such Pledged Asset is a Mortgage Loan, Mezzanine Loan or Junior Interest for purposes of this Agreement.
Asset Type. [Mortgage Loan][Mortgage Loan and Mezzanine Loan]1[Senior Note][Senior Participation Interest] Sidecar Asset(s): [Yes][No] [Seller hereby certifies that it expects, in its good faith judgment, to include the Eligible Asset in a securitization transaction or to refinance such Eligible Asset through a participation, syndication, sale of an A-note or other refinancing transaction on or before the expiration of the applicable Sidecar Facility.]2 Outstanding Principal Amount of Purchased Asset as of Purchase Date: $__________ Available Future Funding under Purchased Asset as of Purchase Date: $__________ Repurchase Date: __________, 20__ Purchase Price: $__________
Asset Type can typically be expected to include the following security types: • Equities: Domestic Equity, Foreign Equity Warrants • Asset Backed: ABS, MBS, CMO’s, CMBs Schedule 5 to Services Agreement AIM/AZL Funds Materials - Service Agreements • General Bonds: US Investment Grade Corporate Bonds, US High Yield Corporate Bonds, International Bonds • Government Bonds: Agency Debt, US Government Bonds, Money Market, Municipals Bonds • Complex Debt: Bank Loans • Listed Derivatives: Futures, Options • Simple OTC: Interest Rate Swap; OTC Options; Currency Forwards; Currency Swaps • Mid Tier OTC: Total Return Swaps; Asset Swaps, Cross Currency Swaps; Credit Default Swaps • Complex OTC: Exotic Options, Volatility Swaps; CDOs; CLOs
Asset Type can typically be expected to include the following security types: