Servicing Advance Financing Agreements definition

Servicing Advance Financing Agreements. Each of that certain Second Amended and Restated Indenture, dated as of September 13, 2012, among HLSS Servicer Advance Receivables Trust, as issuer, Deutsche Bank National Trust Company, as indenture trustee, calculation agent, paying agent and securities intermediary, Holdings, as administrator and servicer, Seller, as servicer and as a subservicer, and Barclays Bank plc and Xxxxx Fargo Securities, LLC, as administrative agents, and each other “Transaction Document” as such term is defined therein, in each case as the same may be amended from time to time.
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Servicing Advance Financing Agreements means the following:
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Servicing Advance Financing Agreements. Each of that certain Amended and Restated Indenture, dated as of the Closing Date, among HomEq Servicer Advance Receivables Trust 2010-ADV1, as issuer, Deutsche Bank National Trust Company, as indenture trustee, calculation agent, paying agent and securities intermediary, Purchaser, as administrator and servicer, Seller, as servicer and as a subservicer, and Barclays Bank plc, as administrative agent, and each other “Transaction Document” as such term is defined therein, in each case as the same may be amended from time to time.
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Examples of Servicing Advance Financing Agreements in a sentence

  • Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables other than pursuant to the Agreement, this Sale Supplement and the Servicing Advance Financing Agreements.

  • The sale and delivery to Purchaser of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Servicing Advance Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements).

  • The sale and delivery to Holdings of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Holdings good and marketable title to the Servicing Advance Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements).

  • Seller and each Purchaser acknowledge and agree that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Financing Agreements pursuant to which Purchaser has transferred Servicer Advances made pursuant to a Deferred Servicing Agreement is an express third party beneficiary of this Sale Supplement and the Agreement solely with respect to the Deferred Servicing Agreements related to such Servicing Advance Financing Agreement.

  • Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables or DSF other than pursuant to the Agreement, this Sale Supplement and the Servicing Advance Financing Agreements.

  • Seller and Purchaser each acknowledges and agrees that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Financing Agreements pursuant to which Purchaser has transferred Servicing Advance Receivables and DSF arising under a Deferred Servicing Agreement is an express third party beneficiary of this Sale Supplement and the Agreement solely with respect to the Deferred Servicing Agreements related to such Servicing Advance Financing Agreement.

  • Seller agrees to cooperate with Purchaser in connection with any ratings on any of the obligations under any Servicing Advance Financing Agreements and any refinancing, replacement or restructuring thereof in whole or in part related to any of the Transferred Assets.

  • Seller and Purchaser each acknowledges and agrees that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Financing Agreements pursuant to which Purchaser has transferred Servicer Advances made pursuant to a Deferred Servicing Agreement is an express third party beneficiary of this Sale Supplement and the Agreement solely with respect to the Deferred Servicing Agreements related to such Servicing Advance Financing Agreement.

  • None of the Advance SPEs or the Advance SPE Issuers has any obligations or liabilities other than those arising under the Servicing Advance Financing Agreements in the ordinary course of business.

  • None of the Advance SPEs or the Advance SPE Issuers has entered into any transactions other than the Servicing Advance Financing Agreements and agreements incidental thereto.


More Definitions of Servicing Advance Financing Agreements

Servicing Advance Financing Agreements means (1) the Indenture (the “Indenture”) to be executed at the Closing among Ocwen Financial Corporation (as Administrator), the Purchaser (as Servicer), Deutsche Bank National Trust Company (or another trustee reasonably acceptable to the Sellers), HomEq Servicer Advance Receivables Trust 2010-ADV1 (as Issuer), and the Parent (as Administrative Agent), (2) the Advance Receivables Backed Notes to be issued under the Indenture, (3) the Receivables Sale Agreement (as defined in the Indenture), (4) the Receivables Pooling Agreement (as defined in the Indenture); in each case of clauses (1)-(4), substantially in the forms attached to the Commitme nt Letter, with such
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Servicing Advance Financing Agreements means (1) the Indenture (the “Indenture”) to be executed at the Closing among Ocwen Financial Corporation (as Administrator), the Purchaser (as Servicer), Deutsche Bank National Trust Company (or another trustee reasonably acceptable to the Sellers), HomEq Servicer Advance Receivables Trust 2010-ADV1 (as Issuer), and the Parent (as Administrative Agent), (2) the Advance Receivables Backed Notes to be issued under the Indenture, (3) the Receivables Sale Agreement (as defined in the Indenture), (4) the Receivables Pooling Agreement (as defined in the Indenture); in each case of clauses (1)-(4), substantially in the forms attached to the Commitment Letter, with such (X) changes as may be required by Standard & Poor’s to achieve ratings of (i) “AAA” on the Class A-1 Notes and the Class A-2 Notes, with the advance rates for such “AAA” rated classes being at least 65%, (ii) “AA” on the Class B Notes, (iii) “A” on the Class C Notes, and (iv) “BBB” on the Class D Notes, if the Sellers desire to obtain such ratings or (Y) changes to delete provisions for ratings if the Sellers decide not to obtain ratings on such notes; provided, however, that with respect to the changes described under clause (X), the Purchaser shall not be required to agree to any such required changes if such required changes, after taking into account (A) all such other required changes in the aggregate and (B) any additional consideration or alteration of terms, as applicable, offered by the Sellers, would have a material and adverse effect on the benefits of the transactions to the Purchaser contemplated by this Agreement, taken as a whole, unless such required changes result from any material adverse change with respect to the Purchaser or any of its Affiliates (including with respect to the business, servicing and/or financial condition of the Purchaser or any of its Affiliates) occurring or discovered after the date hereof (provided that any change shall be deemed not to have been “discovered after the date hereof” to the extent disclosed in a report filed on the Purchaser Parent’s Form 10-K, Form 10-Q or Form 8-K with the SEC after January 1, 2010 and prior to the date of this Agreement (excluding any disclosures set forth in any risk factor or in any other section or disclosure to the extent constituting cautionary, predictive or forward-looking statements)), and (5) any other documents reasonably required to be executed in connection with the Indenture and the transactions contemplated ...
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Related to Servicing Advance Financing Agreements

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.