Home Equity Contracts definition

Home Equity Contracts means the home equity loans described in the List of Contracts attached hereto as Exhibit O-2 and constituting part of the corpus of the Trust, which Home Equity Contracts are to be assigned and conveyed by the Company to the Trust, and includes, without limitation, all related mortgages, deeds of trust and security deeds and any and all rights to receive payments which are received pursuant thereto on or after the Cut-off Date, but excluding any payments which were received pursuant thereto prior to the Cut-off Date.
Sample 1
Home Equity Contracts means the home equity loans described in the List --------------------- of Contracts attached hereto as Exhibit O-2 and the Adjustable Rate Contracts described in the List of Contracts attached hereto as Exhibit O-3 and constituting part of the corpus of the Trust, which Home Equity Contracts are to be assigned and conveyed by the Company to the Trust, and includes, without limitation, all related mortgages, deeds of trust and security deeds and any and all rights to receive payments which are received pursuant thereto on or after the Cut-off Date, but excluding any rights to receive payments which are received pursuant thereto prior to the Cut-off Date.
Sample 1
Home Equity Contracts means the Fixed-Rate Home Equity Contracts and the Adjustable Rate Home Equity Contracts.
Sample 1

Examples of Home Equity Contracts in a sentence

  • By Cut-off Date Principal Balance, the Initial Home Equity Contracts plus the Subsequent Home Equity Contracts specifically identified as of the Closing Date represent at least 75% of the Original Sub-Pool HE Certificate Principal Balance and the Initial Home Improvement Contracts plus the Subsequent Home Improvement Contracts specifically identified as of the Closing Date represent at least 75% of the Original Sub-Pool HI Certificate Principal Balance.

  • The transfer to the Trustee by the Company of the Subsequent Home Equity Contracts and/or Subsequent Home Improvement Contracts shall be absolute and is intended by the Company, the Trustee, the Certificateholders and the Class C Certificateholders to constitute and to be treated as a sale of the Subsequent Home Equity Contracts and/or Subsequent Home Improvement Contracts by the Company to the Trust.

  • No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Adjustable Rate Home Equity Contracts.

  • No other state represents more than 5% of the aggregate Cut-off Date Principal Balances of the Initial Fixed Rate Home Equity Contracts.

  • The purchase price of Subsequent Adjustable Rate Home Equity Contracts shall be paid solely with amounts in the Sub-Pool HE Pre-Funding ARM Subaccount.

  • The percentage (by Scheduled Principal Balance) of the Fixed Rate Home Equity Contracts as of the Post-Funding Payment Date which are identified by the Company under its standard underwriting criteria as "B," "C," and "D" credits will not be more than 300 basis points, 200 basis points, and 100 basis points, respectively, more than the percentage of Initial Fixed Rate Home Equity Contracts identified as B, C, and D credits.

  • The weighted average (by Scheduled Principal Balance) of the Contract Interest Rates of the Fixed Rate Home Equity Contracts as of the Post-Funding Payment Date will not be more than 25 basis points less than the weighted average of the Contract Interest Rates of the Initial Fixed Rate Home Equity Contracts.

  • Distributions of interest and principal on the Class HE: B-[1][2] Certificates will be made primarily from amounts available in respect of the Home Equity Contracts.

  • No more than 1% of Fixed Rate Home Equity Contracts by Cut-off Date Principal Balance are secured by property located in an area with the same five-digit zip code.

  • The weighted average (by Scheduled Principal Balance) loan to value ratio of the Adjustable Rate Home Equity Contracts as of the Post-Funding Payment Date will not be more than 200 basis points more than such ratio with respect to the Initial Adjustable Rate Home Equity Contracts.


More Definitions of Home Equity Contracts

Home Equity Contracts means the closed-end home equity loans described in --------------------- the Schedule of Contracts attached hereto as Exhibit A and constituting part of the corpus of the Trust, which Home Equity Contracts are to be assigned and conveyed by the Company to the Trust, and includes, without limitation, all related mortgages, deeds of trust and security deeds and any and all rights to receive payments which are received pursuant thereto on or after the Cutoff Date, but excluding any payments which were received pursuant thereto prior to the Cutoff Date.
Sample 1

Related to Home Equity Contracts

  • Equity Contract means any transaction or instrument that does not convey to Dealer rights, or the ability to assert claims, that are senior to the rights and claims of common stockholders in the event of Counterparty’s bankruptcy.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Reinvestment Agreements One or more reinvestment agreements, acceptable to the Rating Agencies, from a bank, insurance company or other corporation or entity (including the Trustee).

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Investment Agreements or “Flow-Through Agreements” means written agreements pursuant to which the Partnership will subscribe for Flow-Through Shares (including Flow-Through Shares issued as part of a unit) or agreements by the Partnership to otherwise invest in or purchase securities of a Resource Issuer, and in respect of Flow-Through Shares comprised of units, the Resource Issuer will covenant and agree:

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Funding Agreements means all or any of the agreements or instruments to be entered into by a Project Service Provider or any of their Associates relating to the financing of its business of providing services pursuant to the terms of any Project Agreements, excluding always the Project Agreements themselves;

  • Acquisition Agreements means the Nexstar Acquisition Agreement and the Mission Acquisition Agreement, and “Acquisition Agreement” means the applicable agreement in the context used.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • Variable Priced Equity Linked Instruments shall have the meaning ascribed to such term in Section 4.13.

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).

  • Business Acquisition means (a) an Investment by the Borrower or any Restricted Subsidiary in any other Person pursuant to which such Person shall become a Subsidiary or shall be merged into or consolidated with the Borrower or any Restricted Subsidiary or (b) an acquisition by the Borrower or any Restricted Subsidiary of the property and assets of any Person (other than a Subsidiary) that constitutes substantially all of the assets of such Person or any division or other business unit of such Person.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Investment Documents means, collectively, the Loan Documents and the Warrants.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Special Purpose Financing means any financing or refinancing of assets consisting of or including Receivables of the Company or any Restricted Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition.

  • Acquisition Debt means any Indebtedness incurred by the Borrower or any of its Subsidiaries for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Borrower, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds of such Indebtedness to the Borrower and/or its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Borrower and/or its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Permitted Existing Investments means the Investments of the Borrower and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.