Conduit Acquisition Trust definition

Conduit Acquisition Trust. The trust described in the Pooling and Servicing Agreement dated as of May 1, 1997 among the Sponsor, Bankers Trust Company of California, N.A., as trustee, Advanta Mortgage Corp. USA, as the master servicer, and the "Borrowers" named therein.
View Source
Conduit Acquisition Trust. The trust created pursuant to the Conduit Acquisition P&S.
View Source
Conduit Acquisition Trust. The Conduit Acquisition Trust created pursuant to that certain Pooling and Servicing Agreement dated as of February 15, 1995 among the Buyer, the Master Servicer and the Trustee.
View Source

Examples of Conduit Acquisition Trust in a sentence

  • From time to time in connection with the establishment of Advanta Trusts the Affiliated Originators and the Sponsor, intend to transfer Mortgage Loans from the Conduit Acquisition Trust to the related Advanta Trust.

  • The transfer by the Conduit Acquisition Trust of the Mortgage Loans set forth on the Schedule of Mortgage Loans to the Trustee is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Conduit Acquisition Trust.

  • The transfer by the Conduit Acquisition Trust of the Initial Mortgage Loans set forth on the Schedule of Initial Mortgage Loans to the Trustee is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Conduit Acquisition Trust.

  • It is understood and agreed that the Representations and Warranties shall survive the sale and assignment of the Mortgage Loans to the Conduit Acquisition Trust and by the Conduit Acquisition Trust to an Advanta Trust.

  • The transfer to the Trust by the Conduit Acquisition Trust of the Subsequent Mortgage Loans set forth on the Schedule of Mortgage Loans shall be absolute and shall be intended by the Sponsor and the Owners and all parties hereto to be treated as a sale by the Conduit Acquisition Trust.

  • The transfer to the Trust by the Conduit Acquisition Trust of the Subsequent Mortgage Loans set forth on the Schedule of Mortgage Loans shall be absolute and shall be intended by the Owners and all parties hereto to be treated as a sale by the Conduit Acquisition Trust.

  • Upon receipt by the Buyer of the Repurchase Price for a Defective Mortgage Loan, the Buyer shall cause the Conduit Acquisition Trust to execute and deliver such instrument of transfer or assignment presented to it by the Seller, in each case without recourse, as shall be necessary to vest in the Seller legal and beneficial ownership of such repurchased Defective Mortgage Loan (including any property acquired in respect thereof or insurance policy or insurance proceeds with respect thereto).

  • In connection with any such repurchase or substitution the Buyer shall cause the Conduit Acquisition Trust to reconvey the repurchased or replaced Mortgage Loan to the Seller in the manner described in Section 6(b) hereof.

  • The transfer by the Sponsor and the Conduit Acquisition Trust of the Initial Mortgage Loans set forth on the Schedule of Initial Mortgage Loans to the Trustee is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Sponsor and the Conduit Acquisition Trust.

  • Each of the Sponsors and the Conduit Acquisition Trust will convey all right, title and interest in and to principal collected and interest accruing on each such Initial Mortgage Loan on and after the Cut-Off Date and all of its right, title and interest in and to all Insurance Policies and any other assets included or to be included in the Trust for the benefit of Owners and the Certificate Insurer.


More Definitions of Conduit Acquisition Trust

Conduit Acquisition Trust. As defined in the Sale and Servicing Agreement.
View Source