Examples of Subsequent Home Equity Loans in a sentence
The amount released from the Pre-Funding Account shall be one-hundred percent (100%) of the aggregate principal balances of the Subsequent Home Equity Loans so transferred.
Upon the transfer by the Seller of the Subsequent Home Equity Loans hereunder, such Subsequent Home Equity Loans (and all principal and interest due thereon subsequent to the Subsequent Cut-Off Date) and all other rights and interests with respect to such Subsequent Home Equity Loans transferred pursuant to a Subsequent Transfer Agreement shall be deemed for all purposes hereunder to be part of the Trust Estate.
The Seller and the Depositor hereby affirm the representations and warranties set forth in the Pooling and Servicing Agreement that relate to the Seller, the Depositor and the Subsequent Home Equity Loans as of the date hereof.
Upon the transfer by the Seller and the Depositor of the Subsequent Home Equity Loans hereunder, such Subsequent Home Equity Loans (and all principal received and interest due thereon on and subsequent to the Subsequent Cut-Off Date) and all other rights and interests with respect to such Subsequent Home Equity Loans transferred pursuant to a Subsequent Transfer Agreement shall be deemed for all purposes hereunder to be part of the Trust Estate.
The transfer by the Seller (through the Depositor) and the Depositor of the Subsequent Home Equity Loans set forth on the related Schedule of Home Equity Loans to the Trustee shall be absolute and shall be intended by the Owners and all parties hereto to be treated as a sale by the Seller and the Depositor.
In addition, the Subsequent Home Equity Loans with respect to the Fixed Rate Group and the final pool of Home Equity Loans in the Fixed Rate Group shall conform to the requirements in the Insurance Agreement.
In connection with the sale, transfer, assignment, and conveyance from the Depositor to the Issuer, the Depositor has filed, in the appropriate office or offices in the States of Delaware and Florida a UCC-1 financing statement executed by the Depositor as debtor, naming the Issuer as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans and the other property described above as collateral.
The transfer by the Seller (through the Depositor) of the Subsequent Home Equity Loans set forth on the related Schedule of Home Equity Loans to the Trustee shall be absolute and shall be intended by the Owners and all parties hereto to be treated as a sale by the Seller.
In connection with the sale, transfer, assignment, and conveyance from the Seller to the Depositor, the Seller has filed, in the appropriate office or offices in the State of Florida, a UCC-1 financing statement executed by the Seller as debtor, naming the Depositor as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans and the other property described above as collateral.
After the end of those five years, the AO can ask for the renewal of its approval for the same duration under the same conditions applied in the approval extension section.