Initial Home Equity Loan definition

Initial Home Equity Loan. Each Home Equity Loan transferred and assigned to the Trust on the Closing Date.
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Initial Home Equity Loan. Each of the Home Equity Loans to be conveyed to the Depositor by FGT, and subsequently conveyed to the Trust by the Depositor on the Closing Date.
Sample 1

Examples of Initial Home Equity Loan in a sentence

  • Sub-Pool 1 (Fixed Rate as of February 22, 1997): Initial Home Equity Loan Principal Balance: $32,905,961 Properties secured by 1st/2nd Liens: 46.22%/53.78% Weighted Average Coupon: 11.695% Weighted Average CLTV: 78.0% Weighted Average Rem.

  • With respect to each Initial Home Equity Loan which does not have a payment date in February 1998, the Seller shall deposit into the Certificate Accout an amount equal to the product of the related Coupon Rate and the related Loan Balance as of the Cut-Off Date.

  • Sub-Pool 2 (Adjustable Rate as of November 23, 1996): Initial Home Equity Loan Principal Balance: $50,480,297 Weighted Average Coupon: 10.20% Weighted Average Lifetime Cap: 16.20% Weighted Average Lifetime Floor: 10.11% Weighted Average Gross Margin: 6.40% Negative Amortization: [None] Weighted Average Rem.

  • Ladies and Gentlemen: In accordance with Section 2.3 of the above-captioned Custodial Agreement, the undersigned, as Custodian, hereby certifies that it has received a Mortgage File with respect to each [Initial Home Equity Loan] [Additional Home Equity Loan] listed in the [Home Equity Loan Schedule] [Subsequent Home Equity Loan Schedule].

  • With respect to each Initial Home Equity Loan which does not have a payment date in June 1998, the Seller shall deposit into the Certificate Accout an amount equal to the product of the related Coupon Rate and the related Loan Balance as of the Cut-Off Date.

  • Sub-Pool 1 (Fixed Rate as of November 23, 1996): Initial Home Equity Loan Principal Balance: $63,208,775 Properties secured by 1st/2nd Liens: 63.41%/36.59% Weighted Average Coupon: 11.67% Weighted Average CLTV: 77.45% Weighted Average Rem.

  • On the date hereof with respect to the Initial Home Equity Loans, the Seller shall transfer, assign and convey to the Depositor all of the Seller's right, title and interest in and to each Initial Home Equity Loan and the related File, free and clear of any adverse claims, rights or interests therein.

  • Sub-Pool 2 (Adjustable Rate as of February 22, 1997): Initial Home Equity Loan Principal Balance: $83,864,764 Weighted Average Coupon: 10.297% Weighted Average Lifetime Cap: 16.295% Weighted Average Lifetime Floor: 9.557% Weighted Average Gross Margin: 6.128% Negative Amortization: None Weighted Average Rem.

  • No Initial Home Equity Loan will mature later than ___________, 20___.

Related to Initial Home Equity Loan

  • 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.

  • 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.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • Residential mortgage loan means any loan primarily for

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • REAL ESTATE MORTGAGE INVESTMENT CONDUIT (A "REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). [FOR SUBORDINATE CERTIFICATES][THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.] [FOR PRINCIPAL BALANCE CERTIFICATES][THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE.] [FOR CLASS X-1 AND CLASS X-2 CERTIFICATES][THE OUTSTANDING CERTIFICATE NOTIONAL AMOUNT HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE. THIS CERTIFICATE DOES NOT HAVE A CERTIFICATE PRINCIPAL BALANCE AND WILL NOT ENTITLE THE HOLDER HEREOF TO DISTRIBUTIONS OF PRINCIPAL.] [FOR REGULATION S GLOBAL CERTIFICATES][PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE CLOSING DATE AND (B) THE COMMENCEMENT OF THE INITIAL OFFERING OF THE CERTIFICATES IN RELIANCE ON REGULATION S, THIS CERTIFICATE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED. NO BENEFICIAL OWNERS OF THIS CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.]

  • Non-Lead Securitization Date means the closing date of any Non-Lead Securitization.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Whole Loan As defined in the Introductory Statement.

  • Note A-1 Securitization Date means the closing date of the Note A-1 Securitization.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).

  • Securitization Date means the effective date on which the Securitization of the first Note or portion thereof is consummated.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Note A-2 Securitization Date means the closing date of the Note A-2 Securitization.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.