Computational Materials. (a) It is understood that the Underwriters may prepare and provide to prospective investors certain Computational Materials (as defined below) in connection with the Company's offering of the Notes, subject to the following conditions:
Computational Materials. The Underwriter hereby represents and warrants that any information attached hereto as Exhibit 1 constitutes all "Collateral Term Sheets" (as such term is defined in the no-action letters addressed to Kidder, Peabody Acceptance Corporation I, et al. dated May 20, 1994 anx xx xhe Xxxxxx Securities Association dated February 17, 1995 (collectively, the "PSA Letters")) disseminated by it in connection with the Underwritten Certificates; all "Structural Term Sheets" and "Computational Materials" disseminated by it in connection with the Underwritten Certificates and all "Series Term Sheets" (as such term is defined in the no-action letter addressed to Greenwood Trust Company, Discover Card Master Trust I dated April 5, 1996). For purposes hereof, as to the Underwriter, the term "Derived Information" means such information, if any, in the Series Term Sheets, Collateral Term Sheets, Structural Term Sheets and/or Computational Materials that is not contained in either (i) the Prospectus Supplement or Original Prospectus taking into account information incorporated therein by reference (other than information incorporated by reference from the Series Term Sheets, Collateral Term Sheets, Structural Term Sheets and/or Computational Materials) or (ii) any computer tape furnished by the Company (the "Computer Tape"). The Underwriter agrees, assuming (i) all information provided by the Company (including the Computer Tape) is accurate and complete in all material respects and (ii) the Company's independent public accountants have determined that the Derived Information agrees with the Computer Tape, to indemnify and hold harmless the Company, each of the Company's officers and directors and each person who controls the Company within the meaning of Section 15 of the Securities Act of 1933, as amended (the "Act"), against any and all losses, claims, damages or liabilities, joint or several, to which they may become subject under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement of a material fact contained in the Derived Information prepared by the Underwriter and incorporated by reference into the Registration Statement, or arise out of or are based upon the omission or alleged omission to state in such Derived Information a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which th...
Computational Materials. (a) Not later than 10:30 a.m. New York time, on the business day before the date on which the Current Report relating to the Offered Certificates is required to be filed by the Depositor with the Commission pursuant to Section 5(m) hereof, each Underwriter shall deliver to the Depositor five complete copies of all materials, if any, provided by such Underwriter to prospective investors in such Offered Certificates which constitute "Computational Materials" within the meaning of the no-action letter dated May 20, 1994 issued by the Division of Corporation Finance of the Commission to Xxxxxx, Xxxxxxx Acceptance Corporation I, Xxxxxx, Xxxxxxx & Co. Incorporated, and Xxxxxx Structured Asset Corporation, the no-action letter dated May 27, 1994 issued by the Division of Corporation Finance of the Commission to the Public Securities Association and the no-action letter of February 17, 1995 issued by the Commission to the Public Securities Association (collectively, the "Xxxxxx/PSA Letters") and the filing of which is a condition of the relief granted in such letters (such materials being the "Computational Materials"). Each delivery of Computational Materials to the Depositor pursuant to this paragraph (a) shall be effected by delivering four copies of such materials to counsel for the Depositor on behalf of the Depositor and one copy of such materials to the Depositor. The Computational Materials so delivered shall be accompanied by a letter from KPMG Peat Marwick LLP, addressed to the Depositor and the Representative, in form and substance reasonably satisfactory to the Depositor and the Representative, to the effect that KPMG Peat Marwick LLP have performed certain agreed upon procedures with respect to such Computational Materials as a result of which they have determined that such Computational Materials are mathematically correct.
Computational Materials. (a) The Underwriters agree to provide to the Depositor not later than 10:30 a.m., New York time, on the Business Day before the date on which a Current Report on Form 8-K is required to be filed by the Depositor with the Commission pursuant to the No-Action Letters (as defined below) (each, a "Current Report") five complete copies of all materials that have been provided by the Underwriters to prospective investors in the Certificates and that constitute (i) "
Computational Materials. (a) It is understood that the Representative may prepare and provide to prospective investors certain Computational Materials (as defined below) in connection with the Trust's offering of the Notes, subject to the following conditions:
Computational Materials. Not later than 10:30 a.m. New York City time, on the business day before the date on which the Current Report relating to the Certificates is required to be filed by the Depositor with the Commission pursuant to Section V.M hereof, each Underwriter shall deliver to the Depositor five complete copies of all materials, if any, provided by such Underwriter to prospective investors in such Certificates which constitute "Computational Materials" within the meaning of the no-action letter dated May 20, 1994, issued by the Division of Corporation Finance of the Commission to Xxxxxx, Xxxxxxx Acceptance Corporation I, Xxxxxx, Peabody & Co. Incorporated, and Xxxxxx Structured Asset Corporation, the no-action letter dated May 27, 1994, issued by the Division of Corporation Finance of the Commission to the Public Securities Association and the no-action letter of February 17, 1995 issued by the Commission to the Public Securities Association (collectively, the "Xxxxxx/PSA Letters") and the filing of which is a condition of the relief granted in such letters (such materials being the "Computational Materials"). Each delivery of Computational Materials to the Depositor pursuant to this paragraph (a) shall be effected by delivering four copies of such material to counsel for the Depositor on behalf of the Depositor and one copy of such materials to the Depositor.
Computational Materials. The Underwriter represents and warrants ----------------------- to the Bank that (a) it has not and will not use any information that constitutes "Computational Materials," as defined in the Commission's No-Action Letter, dated May 20, 1994, addressed to Xxxxxx, Xxxxxxx Acceptance Corporation I, Xxxxxx, Xxxxxxx & Co. Incorporated and Xxxxxx Structured Asset Corporation (as made generally applicable to registrants, issuers and underwriters by the Commission's response to the request of the Public Securities Association dated May 27, 1994), with respect to the offering of the Certificates, (b) it has not and will not use any information that constitutes "ABS Term Sheets," as defined in the Commission's No-Action Letter, dated February 13, 1995, addressed to the Public Securities Association, with respect to the offering of the Certificates and (c) it has not and will not use any information that constitutes "Series Term Sheets," as defined in the Commission's No-Action Letter, dated April 5, 1996, addressed to Greenwood Trust Company, with respect to the offering of the Certificates, in each case unless it has obtained the prior written consent of the Bank to such usage.
Computational Materials. Each Underwriter represents, warrants, covenants and agrees with the Depositor that:
Computational Materials. Information Relating to the Collateral (page 5 of 8) ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT. ------------------------------------------------------------------------------- Adjustable Rate Home Equity Loans Preliminary characteristics of the Initial Home Equity Loans as of the Cut-Off Date 3/1/98: Distribution of Minimum Coupon Rates Range of Minimum Number of Aggregate % of Aggregate Coupon Rates Home Equity Loans Loan Balance Loan Balance ---------------- ----------------- ----------------- ---------------- Up to 5.000% 9 1,082,197.53 0.25 5.001 - 6.000 41 5,088,399.86 1.15 6.001 - 7.000 96 12,735,002.64 2.89 7.001 - 8.000 165 20,218,779.92 4.59 8.001 - 9.000 564 66,765,039.67 15.14 9.001 - 10.000 1,187 124,734,193.75 28.29 10.001 - 11.000 1,296 120,085,412.32 27.24 11.001 - 12.000 715 57,096,802.57 12.95 12.001 - 13.000 305 21,187,501.73 4.81 13.001 - 14.000 125 8,076,942.60 1.83 14.001 - 15.000 55 3,304,009.99 0.75 15.001 - 16.000 6 303,433.98 0.07 16.001 - 17.000 4 169,832.65 0.04 ----------------- ----------------- ---------------- Total 4,568 $ 440,847,549.21 100.00% Distribution of Maximum Coupon Rates Range of Maximum Number of Aggregate % of Aggregate Coupon Rates Home Equity Loans Loan Balance Loan Balance ---------------- ----------------- ----------------- --------------- 7.001 - 8.000% 1 39,053.39 0.01 8.001 - 9.000 1 254,091.42 0.06 9.001 - 10.000 1 90,940.61 0.02 10.001 - 11.000 2 249,083.38 0.06 11.001 - 12.000 13 1,143,754.17 0.26 12.001 - 13.000 53 7,240,689.25 1.64 13.001 - 14.000 110 14,696,908.93 3.33 14.001 - 15.000 368 45,122,024.71 10.24 15.001 - 16.000 840 91,478,018.02 20.75 16.001 - 17.000 1,264 126,833,802.28 28.77 17.001 - 18.000 1,017 89,071,898.09 20.20 18.001 - 19.000 530 40,074,017.52 9.09 19.001 - 20.000 231 15,684,445.05 3.56 20.001 - 21.000 106 6,655,546.01 1.51 21.001 - 22.000 23 1,858,183.31 0.42 22.001 - 23.000 6 282,749.52 0.06 23.001 - 24.000 2 72,343.55 0.02 ----------------- ----------------- --------------- Total 4,568 $ 440,847,549.21 100.00% ------------------------------------------------------------------------------- BEAR XXXXXXX This information should be considered only after reading Bear Xxxxxxx' Statement Regarding Assumptions as to Securities, Pricing Estima...
Computational Materials. The Depositor will file with the Commission a current report on Form 8-K (an "Additional Materials 8-K") setting forth all Computational Materials, ABS Term Sheets and Collateral Term Sheets provided to the Depositor by any Underwriter within the applicable time periods allotted for such filing pursuant to the No-Action Letters (as defined in Section 6).
