Underlying ABS definition

Underlying ABS has the meaning stated in Section 2.4(a)(iii).
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Underlying ABS. Any of the underlying asset backed securities transferred to the Trustee by the Depositor pursuant hereto, designated a "Underlying ABS" and as specified on Exhibit D hereto. The Underlying ABS does not include the --------- Underlying Class X Certificate.
Sample 1

Examples of Underlying ABS in a sentence

  • As provided in the Trust Agreement, withdrawals from the Certificate Account and related accounts shall be made from time to time for purposes other than payments to Holders, such purposes including certain expenses incurred, with respect to the Underlying ABS and administration of the Trust.

  • The obligations created by the Trust Agreement and the Trust created thereby shall terminate upon payment to the Holders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Trust Agreement following the earlier of (a) the final payment of the last Underlying ABS remaining in the Trust or (b) a Terminating Purchase pursuant to the terms of the Trust Agreement.

  • The Certificates are limited in right of payment to certain collections on the Underlying ABS and certain payments from the Basis Risk Reserve Fund, all as more specifically set forth in the Trust Agreement.

  • The obligations created by the Trust Agreement and the Trust created thereby shall terminate upon payment to the Holders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Trust Agreement following the earlier of (a) the final payment of any Underlying ABS remaining in the Trust or (b) a Terminating Purchase pursuant to the terms of the Trust Agreement.

  • The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than the signature and counter signature of the Trustee on the Certificates) or of any Underlying ABS, the Underlying Class X Certificate or related document.

  • An Opinion of Counsel that a proposed transaction or activity will not (a) affect adversely the status of the REMIC Trust as a REMIC or the Regular Certificates as the regular interests therein, (b) affect the timing or amount of distributions of interest or principal on the Regular Certificates, (c) result in the encumbrance of the Underlying ABS by a tax lien, or (d) result in the imposition of a tax on the REMIC Trust.

  • The Trust consists of the Underlying ABS, the Certificate Account and the Basis Risk Reserve Fund.

  • The Depositor agrees to promptly furnish to the Trustee, from time to time upon request, such further information, reports and financial statements within its control related to this Agreement, the Underlying ABS and the Underlying Class X Certificate as the Trustee reasonably deems appropriate to prepare and file all necessary reports with the Commission.

  • The transfer of the Underlying ABS and the Underlying Class X Certificate and all other assets constituting the Trust Fund is absolute and is intended by the parties hereto as a sale.

  • The Trustee shall promptly deposit (i) in the Certificate Account the final distribution received upon presentation and surrender of any Underlying ABS, (ii) in the Basis Risk Reserve Fund the final distribution received upon presentation and surrender on any Underlying Class X Certificate.

Related to Underlying ABS

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Underlying Agreement means an agreement that is an underlying agreement for the purposes of paragraph 48 or Schedule 6 to the Act.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • Underlying Company means the issuer of the relevant Security as specified above, in each case subject to adjustment in accordance with Condition 13 (Adjustments).

  • Underlying Market means the relevant market where the Underlying Asset of a CFD is traded.

  • Underlying Obligor means with respect to an Underlying Obligation, the issuer in the case of a Bond, the borrower in the case of a Loan, or the principal obligor in the case of any other Underlying Obligation.

  • Underlying Fund means a collective investment scheme (including exchange traded funds) which will be daily dealing, open-ended and may be listed or unlisted and will be domiciled in, in the case of regulated funds in an EU/EEA Member State authorised under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 as amended (the "UCITS Regulations") or authorised under domestic legislation implementing the UCITS Regulations and such other investment funds as may be permitted by the Central Bank as Category 1 from time to time (category 1 investment funds pursuant to the AIF rulebook ("Category 1")), or authorised in an EU Member State (category 2 investment funds pursuant to the AIF rulebook ("Category 2")), Guernsey where authorised as "Class A Schemes" (Category 1) or "Class B Schemes" (Category 2), Jersey where established either as "Recognised Funds" (Category 1) or as funds that are not "Recognised Funds" (Category 2), the Isle of Man as "Authorised Schemes" (Category 1) or "unauthorised schemes" (Category 2), any investment funds authorised by the US Securities and Exchanges Commission under the Investment Companies Act 1940 (Category 2) and such other investment funds as may be permitted by the Central Bank as Category 2 from time to time. The AIFM will confirm to the Central Bank that any new Category 2 investment funds will comply in all material respects with the requirements applicable to a Retail Investor Alternative Investment Fund pursuant to the AIF Rulebook. In the case of unregulated funds, these will be domiciled in Australia, Hong Kong, South Africa, Bermuda, British Virgin Islands, the Cayman Islands, Singapore or Mauritius and will follow an investment strategy that seeks to provide capital appreciation to its investors through direct investment in transferable securities in the form of cash and/or cash equivalents, global equities (such as shares and common stock) and global equity related securities (securities with equity characteristics or conferring the right to acquire equity securities, such as depositary receipts and preference shares), REITs and global bonds which are listed on Recognised Markets (as set out in Appendix II of the Prospectus). Underlying Funds may not be leveraged. The Underlying Funds must comply with the investment restrictions of the Fund as outlined below.

  • Underlying Security means a security issued or transferred, or to be issued or transferred, in accordance with the terms of a convertible security, an exchangeable security or a multiple convertible security;

  • Underlying Securities Trustee means The Bank of New York.

  • Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.

  • Underlying Transfer Agent means State Street Bank and Trust Company or such other organization which may from time to time be appointed by the Fund to act as a transfer agent for the Underlying Portfolios and with respect to which the Custodian is provided with Proper Instructions.

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • Underlying Funds means open-end investment companies registered under the 1940 Act within the ING fund complex. The term, “fund complex” shall have the same meaning as defined in Item 17 of Form N-1A, as it was in effect on May 7, 2013.

  • Underlying Common Stock means the Common Stock into which the Notes are convertible or issued upon any such conversion.

  • Underlying Reference means as set out in §26(a) above.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • Underlying Referencek means as set out in §26(a) above.

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

  • Non-MERS Mortgage Loan Any Mortgage Loan other than a MERS Mortgage Loan.

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

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

  • Underlying Securities Issuer With respect to an Underlying Security, the issuer thereof (including, if applicable, the guarantor of the Underlying Security), as identified in the Underlying Securities Schedule.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.