Securitized Excess Spread definition

Securitized Excess Spread. Any portion of the Spread that has been transferred to an Other Xxxxxx Xxx Trust.

Examples of Securitized Excess Spread in a sentence

  • The transfer of any portion of Excess Spread that has become Securitized Excess Spread is irrevocable.

  • No such compensation, however,‌ that is payable from a Trust with respect to any Mortgage Loan will exceed the related Spread minus the sum of any related (i) Securitized Excess Spread, (ii) Servicing Fee and (iii) Guaranty Fee.

  • Neither the Primary Servicer nor any successor Primary Servicer will have any right to any Securitized Excess Spread as a result of its servicing relationship, and the Other Xxxxxx Xxx Trust through which the Securitized Excess Spread is securitized will continue to receive the Securitized Excess Spread in accordance with the terms of the transfer.

Related to Securitized Excess Spread

  • Excess Spread means, with respect to any Distribution Date, the sum of the amounts, if any, specified pursuant to subsections 4.05(a)(iv), 4.05(b)(iii) and 4.05(c)(ii) with respect to such Distribution Date.