Securitized Portfolio definition

Securitized Portfolio means, as of any date, all timeshare loans originated by MORI or an Affiliate and financed by any special purpose entity and which are serviced by MORI including the timeshare loans in all term issuances, all warehouse facilities (other than the Notes) and other term securitization facilities that are outstanding as of such date.
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Securitized Portfolio means, as of any date (including as of any prior Distribution Dates on or after April 25, 2019), all timeshare loans included in the Collateral or financed by any special purpose entity that is wholly-owned by HRC or for which HRC is acting as the sponsor (within the meaning of Regulation AB) thereof, and which satisfy each of the following three clauses: (A) originated by the Servicer or an Affiliate thereof, (B) which are serviced by the Servicer and (C) the related property for which is managed by HRC or an affiliate thereof (including the timeshare loans in all term issuances, all warehouse facilities and other term securitization facilities that are outstanding as of such date).
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Securitized Portfolio means the Contracts sold by the Seller to the Borrower pursuant to the Acquisition Agreement.
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Examples of Securitized Portfolio in a sentence

  • Total Securitized Portfolio at Reference Date9,612,188,121.54 Net Losses (Calculated)-199,213.00 Repurchases -960,245.51 Portfolio after losses and repurchases9,611,028,663.03 New SME Receivables offered 381,105,084.01 Total portfolio9,992,133,747.04 IV.

  • Subject to Section 6.01, from and after the Closing Date, the Purchaser shall have full power and authority, acting alone, to do any and all things in connection with the servicing and administration of the Loans in the Securitized Portfolio that the Purchaser may deem necessary or desirable, consistent with the terms of this Agreement and the Servicing Requirements.

  • Such Purchase Price shall be payable to Metwest in immediately available funds on the Purchase Date for the Securitized Portfolio and shall represent consideration for the sale of the Servicing Rights relating to the Securitized Portfolio and for the subservicing arrangement set forth in Section 2.05 with respect to the Subservicing Portfolio.

  • With respect to the Securitized Portfolio, except as set forth on Schedule D(m) all documents required by the P&S Agreements to be delivered to the Custodian have been completed and all documents required to service the Loans in the Securitized Portfolio in accordance with this Agreement and the related P&S Agreements have been delivered to the Purchaser or its designee.

  • On the Purchase Date for the Securitized Portfolio, as full consideration for Metwest's sale of the Servicing Rights for the Securitized Portfolio to the Purchaser, the Purchaser will pay to Metwest the Purchase Price for the Securitized Portfolio, which shall be payable to Metwest by wire transfer in immediately available funds.

  • Metwest owns the right to service certain residential (including timeshare), commercial and improved land mortgage loans, which are subject to the related P&S Agreements identified on Exhibit 1 (the "Securitized Portfolio") and each of the Sellers owns certain mortgage loans and other secured loans and receivables, including the right to service such loans and receivables (the "Non-Securitized Portfolio" and together with the Securitized Portfolio, the "Assets").

  • The Purchaser and Metwest agree to enter into a Subservicing Agreement to further evidence the subservicing arrangement between Metwest and the Purchaser with respect to the Securitized Portfolio, which agreement shall satisfy the requirements of the P&S Agreements and shall be delivered by Metwest to the Trustee.

  • Total Securitized Portfolio at Reference Date9,830,326,004.38 Net Losses (Calculated)-297,531.32 Repurchases-923,483.69 Portfolio after losses and repurchases9,829,104,989.37 New SME Receivables offered 165,676,846.19 Total portfolio 9,994,781,835.56 IV.

  • As a result, the parties hereto agree that, upon receipt of any Prepayment Penalty from the Securitized Portfolio, the Purchaser shall remit such amount to Metwest on the Remittance Date following the calendar month in which such Prepayment Penalty was received.

  • Upon the transfer to the Purchaser of the Servicing Rights relating to a Pool in the Securitized Portfolio pursuant to this Agreement, the Purchaser shall service the Loans in such Pool in accordance with the related P&S Agreement and during such time that such Pool is in the Subservicing Portfolio, the Purchaser shall act as subservicer of the related Loans pursuant to Section 2.05.


More Definitions of Securitized Portfolio

Securitized Portfolio means, as of any date, (i) all timeshare loans originated by a Collection Developer, DRC or an affiliate thereof that have been transferred to a Securitized Facility, plus (ii)
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Securitized Portfolio means all Eligible Automobile Receivables sold or contributed to a SPE in connection with a Permitted Securitization Transaction.
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Securitized Portfolio. The Loans that are subject to a P&S Agreement as set forth on Schedule A.
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Related to Securitized Portfolio

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Securitization Assets means the accounts receivable, royalty and other similar rights to payment and any other assets related thereto subject to a Qualified Securitization Facility that are customarily sold or pledged in connection with securitization transactions and the proceeds thereof.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • Lead Securitization PSA means the Note A-1 PSA.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • Note A-6 Securitization means the first sale by the Note A-6 Holder of all or a portion of Note A-6 to a depositor who will in turn include such portion of Note A-6 as part of the securitization of one or more mortgage loans.

  • Non-Lead Securitization means any Securitization of a Note in a Securitization Trust other than the Lead Securitization.

  • Portfolio Asset means an asset of an investment fund;

  • Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Note A-4 Securitization means the first sale by the Note A-4 Holder of all or a portion of Note A-4 to a depositor who will in turn include such portion of Note A-4 as part of the securitization of one or more mortgage loans.

  • Non-Lead Securitization Date means the closing date of any Non-Lead Securitization.

  • Note A-7 Securitization means the first sale by the Note A-7 Holder of all or a portion of Note A-7 to a depositor who will in turn include such portion of Note A-7 as part of the securitization of one or more mortgage loans.

  • Lead Securitization Note means the Note included in the Lead Securitization.

  • First Securitization means the earliest to occur of the Note A-1 Securitization and the Note A-2 Securitization.

  • Receivables Securitization any financing pursuant to which accounts receivable of the Borrower or any of its Subsidiaries are (or are purported to be) sold or pledged, which financing shall be non-recourse (except for customary limited recourse provisions) to the Borrower and its Subsidiaries.

  • Securitization Date means the effective date on which the Securitization of the first Note or portion thereof is consummated.

  • Lead Securitization Notes means Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5 for so long as any such note is included in the Lead Securitization.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Note A-1 Securitization means the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.

  • Non-Lead Securitization Note means any Note other than the Lead Securitization Note.