Examples of Initial Sellers in a sentence
In this respect, reference is made to the statement that the Initial Sellers have announced that they are suspending mortgage origination activities in the Netherlands in the section Description of the Initial Sellers.
The Initial Sellers also fund their operations through portfolio sales to third parties and/or through intragroup borrowing from their (direct or indirect) parent companies.
An increase in the Initial Sellers' cost of funding or a loss of access to funding will decrease the financial resources available to the Initial Sellers to repurchase Mortgage Receivables from the Issuer.
In respect of Mortgage Loans subject to a variable interest rate, each of the Initial Sellers may at its discretion on each monthly interest reset date reset the interest rate on behalf of the Issuer.
For most of their funding, the Initial Sellers depend upon access by them or by their group companies to wholesale funding sources, including warehouse funding some of which is provided by asset-backed commercial paper (“ABCP”) conduits sponsored by banks, as well as accessing the global securitisation markets.