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Subsequent Home Equity Loans definition

Subsequent Home Equity Loans. The Home Equity Loans sold to the Trust pursuant to Section 3.07 hereof, which shall be listed on the Schedule of Home Equity Loans attached to a Subsequent Transfer Agreement.
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Subsequent Home Equity Loans. The revolving home equity loans (including the rights to receive payments thereunder) transferred and assigned to the Trust pursuant to a Subsequent Transfer Agreement, together with the related Mortgage File documents and the rights thereunder conveyed to the Trust as of the related Subsequent Cut-off Date.
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Subsequent Home Equity Loans means the Home Equity Loans identified on the Home Equity Loan Schedule specified in Section 1.02 hereof.
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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.

  • 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 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.

  • 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.

  • 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.

  • The Company has never had any subsidiary corporation of which the securities having a majority of the voting power in electing the board of directors were, at the time as of which any determination was made, owned by the Company either directly or indirectly.

  • Xxxxxxxx, Senior Vice President and General Counsel of the Seller, and Xxxxxxx Xxxxxxxx & Wood, counsel to the Depositor substantially similar to the opinions delivered by such counsel on the Closing Date, appropriately modified to refer to the applicable Subsequent Home Equity Loans, Subsequent Cut-Off Date, Subsequent Transfer Date and Subsequent Transfer Agreement.

Related to Subsequent Home Equity Loans

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

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

  • Note A-1 Securitization Date means the closing date of the Note A-1 Securitization.

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

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Note A-2 Securitization Date means the closing date of the Note A-2 Securitization.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

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

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

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

  • Whole Loan As defined in the Introductory Statement.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

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

  • Interest Transfer Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month's interest on the applicable Principal Transfer Amount at the weighted average Certificate Interest Rate of the applicable Undercollateralized Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • REAL ESTATE MORTGAGE INVESTMENT CONDUIT (A "REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). [FOR SUBORDINATE CERTIFICATES][THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.] [FOR PRINCIPAL BALANCE CERTIFICATES][THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE.] [FOR CLASS X-1 AND CLASS X-2 CERTIFICATES][THE OUTSTANDING CERTIFICATE NOTIONAL AMOUNT HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE. THIS CERTIFICATE DOES NOT HAVE A CERTIFICATE PRINCIPAL BALANCE AND WILL NOT ENTITLE THE HOLDER HEREOF TO DISTRIBUTIONS OF PRINCIPAL.] [FOR REGULATION S GLOBAL CERTIFICATES][PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE CLOSING DATE AND (B) THE COMMENCEMENT OF THE INITIAL OFFERING OF THE CERTIFICATES IN RELIANCE ON REGULATION S, THIS CERTIFICATE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED. NO BENEFICIAL OWNERS OF THIS CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.]

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

Most Referenced Clauses

Most Referenced Definitions