Examples of Mortgage Advance in a sentence
The Company has determined that the SPEs created in connection with the (i) Nationstar Home Equity Loan Trust 2009-A, (ii) Nationstar Mortgage Advance Receivables Trust (NMART), (iii) Nationstar Agency Advance Financing Trust (NAAFT) and (iv) Nationstar Advance Agency Receivables Trust (NAART) should be consolidated as the Company is the primary beneficiary of each of these entities.
None of the subsidiaries of Nationstar LLC (other than Nationstar Home Equity Loan Trust 2009-A, Nationstar Mortgage Advance Receivables Trust 2010-ADV and Nationstar Residual, LLC) is a “significant subsidiary” (as defined in Rule 405 under the Securities Act).
There are hereby created, effective as of the Issuance Date, the Series 2013-VF1 Notes, to be issued pursuant to the Base Indenture and this Indenture Supplement, to be known as “Nationstar Mortgage Advance Receivables Trust 2013-VF1 Advance Receivables Backed Notes, Series 2013-VF1 Notes.” The Series 2013-VF1 Notes shall not be subordinated to any other Series of Notes.
There are hereby created, effective as of the Issuance Date, the Series 2013-T3 Notes, to be issued pursuant to the Base Indenture and this Indenture Supplement, to be known as “Nationstar Mortgage Advance Receivables Trust 2013-T3 Advance Receivables Backed Notes, Series 2013-T3 Notes.” The Series 2013-T3 Notes shall not be subordinated to any other Series of Notes.
Subject to and upon the terms and conditions of this Agreement, Bank agrees to make the Mortgage Advance to Borrower on the Closing Date in the amount of the Committed Mortgage Loan Amount.
Subject to the terms and conditions hereof, each Lender severally (and not jointly) agrees to make an advance (each a "Term Advance" and, collectively with the Term Advance of each other Lender, the "Term Advances") to the Borrower on the first Borrowing Date, but in no event later than September 15, 1997, in an amount not to exceed such Lender's Term Loan Commitment Amount less the amount of such Lender's Mortgage Advance.
The principal amount of each Lender's Mortgage Advance shall be an amount equal to its Commitment Percentage of all of the Mortgage Advances made.
Interest shall accrue on the Mortgage Advance at a rate determined in accordance with Section 2.3(a)(iv), and shall be payable in accordance with Section 2.3(c).
The Mortgage Advance made under this Section 2.1(e) will be used to repay the outstanding principal amount of Borrower's mortgage indebtedness with Lafayette Ambassador Bank as of the Closing Date.
Borrower may prepay the Mortgage Advance, without penalty or premium, prior to the Mortgage Maturity Date in the event the Mortgage Advance is a Variable Rate Advance, but Borrower shall be subject to, and shall pay, a Prepayment Penalty in the event the Mortgage Advance is a Fixed Rate Advance and Borrower repays such Fixed Rate Advance prior to last day of the applicable Fixed Rate Interest Period.