Common use of Financing Status Clause in Contracts

Financing Status. ¨ (check if applicable) Only with respect to a subsequent transfer, the Transferee is a lender or repurchase agreement counterparty in a repurchase agreement or secured lending transaction (or a trustee in an asset-backed securities transaction) that qualifies as a borrowing for federal income tax purposes; or

Appears in 1 contract

Sources: Trust Agreement (New York Mortgage Trust 2005-3)

Financing Status. ¨ (check if applicable) Only with respect to a subsequent transfer, the Transferee is a lender or repurchase agreement counterparty in a repurchase agreement or secured lending transaction (or a trustee in an asset-backed securities transaction) that qualifies as a borrowing for federal income tax purposes; orand

Appears in 1 contract

Sources: Owner Trust Agreement (FBR Securitization, Inc.)