NIMS Transaction definition

NIMS Transaction. As defined in the tenth Recital to this Agreement.

NIMS Transaction. As defined in the sixth RECITAL to this Agreement.

NIMS Transaction. Any issuance by a trust or other special purpose entity of NIM Notes and NIM Residual Securities, the principal assets of which trust include Class P and Class C Certificates and payments received thereon.

Examples of NIMS Transaction in a sentence

• Notwithstanding the foregoing, all rights of the NIMS Insurer set forth in this Agreement shall exist only so long as the NIM Securities issued pursuant to the NIMS Transaction remain outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such NIM Securities.

• NIMS Insurer shall mean collectively, any insurance companies issuing a financial guaranty insurance policy covering certain payments to be made on NIM Securities pursuant to a NIMS Transaction.

• The Seller will provide at least five business days notice to the Servicer of any subsequent NIMS Transaction that will involve a NIMS Insurer.

• NIMS Transaction shall mean any transaction in which NIM Securities are secured, in part, by the payments on the Class X Certificates issued by the Trust Fund.

• NIMS Transaction shall mean any transaction in which NIM Securities are secured, in part, by the payments on the Class X or Class 1-AP Certificates issued by the Trust Fund.

More Definitions of NIMS Transaction

NIMS Transaction means any transaction in which NIM Securities are secured, in part, by the payments on the Class 1-X or Class 2-X Certificates issued by the Trust Fund.

NIMS Transaction. As defined in the fifteenth Recital to this Agreement.

NIMS Transaction. Any transaction involving the resecuritization of the Class X Certificates.

NIMS Transaction. Any transaction in which NIM Securities are secured, in part, by the payments on the Class P and Class X Certificates issued by the Trust Fund (as defined below).

NIMS Transaction. As defined in the fifth Recital to this Agreement

NIMS Transaction means any transaction in which NIM Securities are secured, in part, by the payments on the Class P or Class X Certificates issued by the Trust Fund. Executed as of the day and year first above written. XXXXXX BROTHERS HOLDINGS INC., as Seller By: Name: Xxxxx Xxxxxxx Title: Authorized Signatory GMAC MORTGAGE CORPORATION, as Servicer By: Name: Title: AURORA LOAN SERVICES LLC, as Master Servicer By: Name: Xxxxxx X. Xxxxxx Title: Vice President U.S. BANK NATIONAL ASSOCIATION as Trustee and not individually By: Name: Title:

NIMS Transaction means any transaction in which NIM Securities are secured, in part, by the payments on the Class 1-X or Class 2-X Certificates issued by the Trust Fund. Executed as of the day and year first above written. XXXXXX BROTHERS HOLDINGS INC., as Seller By: ------------------------------------ Name: Xxxxx Xxxxxxx Title: Authorized Signatory GMAC MORTGAGE CORPORATION, as Servicer By: ------------------------------------ Name: Title: ACKNOWLEDGED BY: AURORA LOAN SERVICES LLC, as Master Servicer By: --------------------------------- Name: Xxxxxx X. Xxxxxx Title: Vice President U.S. BANK NATIONAL ASSOCIATION as Trustee and not individually By: --------------------------------- Name: Xxxxxxxxx Xxxxxx Title: Assistant Vice President EXHIBIT A Modifications to the Sale and Servicing Agreement