REO Trust Loan definition

REO Trust Loan. Any REO Mortgage Loan or any successor REO Companion Loan with respect to a Trust Subordinate Companion Loan.
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REO Trust Loan. The Trust Loan while the Property is a Foreclosed Property, as described in Section 3.12(g).
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Examples of REO Trust Loan in a sentence

  • The Enforcing Servicer shall determine, with respect to any affected Trust Loan (including any successor REO Trust Loan with respect thereto), whether a Document Defect is a Material Document Defect or a Breach is a Material Breach.

  • After the adjusted interest amount is so allocated, any remaining Net Liquidation Proceeds received with respect to the Trust Loan, the Trust Notes or any REO Trust Loan, as applicable, will be allocated to pay principal on the Trust Loan, the Trust Notes or any REO Trust Loan, as applicable, until the unpaid principal amount thereof has been reduced to zero.

  • Any remaining Net Liquidation Proceeds received with respect to the Trust Loan, the Trust Notes or any REO Trust Loan, as applicable, would then be allocated to pay Appraisal Reduced Interest.

  • The Servicer shall be entitled to receive the Servicing Fee with respect to the Trust Loan, the Companion Loan(s) and any REO Trust Loan and REO Companion Loan(s) payable monthly from the Collection Account or otherwise in accordance with and subject to Section 3.4(c).

  • Any remaining Net Liquidation Proceeds received with respect to the Trust Loan, such Trust Note or any REO Trust Loan, as applicable, would then be allocated to pay Appraisal Reduced Interest.

  • After the adjusted interest amount is so allocated, any remaining Net Liquidation Proceeds received with respect to the Trust Loan, such Trust Note or any REO Trust Loan, as applicable, will be allocated to pay principal on the Trust Loan, such Trust Note or any REO Trust Loan, as applicable, until the unpaid principal amount thereof has been reduced to zero.

Related to REO Trust Loan

  • Trust Loan means the portion of the Mortgage Loan evidenced by the Lead Securitization Notes.

  • Note A-4 Master Servicer means the master servicer under the Note A-4 PSA.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Noteholder Servicing Fee is defined in Section 3.1.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Other Master Servicer means the applicable other “master servicer” under an Other Companion Loan Pooling and Servicing Agreement relating to a Non-Serviced Companion Loan or a Serviced Companion Loan, as applicable.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • Interim Eligible Lender Trustee shall also mean each successor Interim Eligible Lender Trustee as of the qualification of such Interim Eligible Lender Trustee under the Interim Trust Agreement.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • Special Servicer means the applicable special servicer with respect to the Mortgage Loan appointed as provided in the Lead Securitization Servicing Agreement.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Other Trustee The applicable other “trustee” or, if applicable, the other “certificate administrator” or, if applicable, the other “custodian” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

  • Mortgage Loan File for inclusion in the Mortgage Loan File (to the extent such documents are in the possession of the Special Servicer) and copies of any additional related Mortgage Loan information, including correspondence with the Borrower Related Parties, and the Special Servicer shall promptly provide copies of all of the foregoing to the Servicer as well as copies of any analysis or internal review prepared by or for the benefit of the Special Servicer, provided that, such materials shall not include any Privileged Information.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.