Initial Home Equity Loans definition

Initial Home Equity Loans. The Home Equity Loans to be conveyed to the Trust by the Depositor on the Startup Day.
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Initial Home Equity Loans. The Home Equity Loans to be conveyed to the Depositor by the Seller and to the Issuer by the Depositor on the Closing Date.
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Initial Home Equity Loans. The revolving home equity loans (including the rights to receive payments thereunder) transferred and assigned to the Trust on the Closing Date pursuant to Section 2.01, together with the related Mortgage File documents and the rights thereunder conveyed to the Trust on the Closing Date pursuant to Section 2.01.
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Examples of Initial Home Equity Loans in a sentence

  • The transfer by the Seller and the Depositor of the Initial Home Equity Loans set forth on the Schedule of Home Equity Loans to the Trustee is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Seller and the Depositor.

  • The transfer by the Seller to the Depositor, and the transfer by the Depositor to the Trust, of the Initial Home Equity Loans set forth on the Schedule of Home Equity Loans is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Seller to the Depositor and a sale by the Depositor to the Trust.

  • The Schedule of Initial Home Equity Loans is attached to this Receipt.

  • In connection with the sale, transfer, assignment, and conveyance from the Depositor to the Issuer, the Depositor has filed, in the appropriate office or offices in the States of Delaware and Florida a UCC-1 financing statement executed by the Depositor as debtor, naming the Issuer as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans and the other property described above as collateral.

  • In connection with the sale, transfer, assignment, and conveyance from the Seller to the Depositor, the Seller has filed, in the appropriate office or offices in the State of Florida, a UCC-1 financing statement executed by the Seller as debtor, naming the Depositor as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans and the other property described above as collateral.

  • Prior to the Closing Date, the Seller shall make the Files relating to the Initial Home Equity Loans available to the Depositor or its designee for examination at the Seller's offices or at such other place as the Seller shall reasonably specify.

  • The transfer by the Seller to the Depositor and by the Depositor to the Issuer of the Initial Home Equity Loans set forth on the Schedule of Home Equity Loans to the Issuer is absolute and is intended by all parties hereto to be treated as a sale by the Seller to the Depositor and by the Depositor to the Issuer.

  • In connection with the sale, transfer, assignment, and conveyance from the Seller to the Depositor, the Seller has filed, in the appropriate office or offices in the States of Delaware and Florida, a UCC-1 financing statement executed by the Seller as debtor, naming the Depositor as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans, and the other property described above as collateral.

  • Concurrently with the acquisition of the Initial Home Equity Loans by the Trust, the Owner Trustee shall cause the Certificates in an initial Certificate Percentage Interest of 100.00% to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor, in authorized denominations.

  • The obligations of the Depositor to purchase the Initial Home Equity Loans will be subject to the satisfaction on the Closing Date of the following conditions.


More Definitions of Initial Home Equity Loans

Initial Home Equity Loans. The Home Equity Loans to be conveyed by the Depositor to the Trust on the Startup Day.
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Related to Initial Home Equity Loans

  • 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.

  • 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.

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

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

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

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

  • 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.

  • 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.

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

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

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

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

  • 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).

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

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

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

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