Advanta Trust definition

Advanta Trust. A securitization trust created by the Sponsor into which Mortgage Loans described in this Agreement and the Conveyance Agreements are deposited.
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Advanta Trust. Any trust which the Buyer may from time to time sponsor for the purpose of securitizing, among other things, all or a portion of the Mortgage Loans and selling the interests therein to investors.
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Advanta Trust. The Advanta Mortgage Loan Trust 1999-2.
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Examples of Advanta Trust in a sentence

  • The Representations and Warranties shall survive the transfer and assignment of the Mortgage Loans to the related Advanta Trust.

  • The Affiliated Originators and the Sponsor expect, from time to time, to cause that such mortgage loans to be conveyed to an Advanta Trust in connection with a securitization transaction sponsored by the Sponsor.

  • From time to time in connection with the establishment of Advanta Trusts the Affiliated Originators and the Sponsor, intend to transfer Mortgage Loans from the Conduit Acquisition Trust to the related Advanta Trust.

  • Each Affiliated Originator hereby acknowledges that a breach of any of the Representations and Warranties listed in clauses (iii), (x), (xvi) and (xxxviii) above a priori materially and adversely affects the interests of the related Advanta Trust, the related Owners and the Certificate Insurer.

  • All calculations of interest hereunder, including, without limitation, calculations of interest at the Mortgage Loan Rate, which are made in respect of the Principal Balance of a Mortgage Loan shall be made on a daily basis using a 360-day year, except to the extent that any different convention (e.g., "actual/360", "actual/365") is used with respect to any securities issued by an Advanta Trust.

  • In connection with any such conveyance to an Advanta Trust the related Pass-Through Rate(s) and Reserve Requirement applicable to such Mortgage Loans shall be established by the Buyer, the related Underwriter(s) and the related Credit Enhancer.

  • Any such Mortgage Loan so conveyed to an Advanta Trust shall cease to be a "Mortgage Loan" within the meaning of this Agreement and the rights relating thereto shall thenceforth be as provided in the related Advanta Pooling Agreement.

  • The MCA Companies shall pay the applicable Bond Pricing Discount and the applicable Other Expenses at the time of the establishment of the related Advanta Trust (which amounts may be offset against any amounts due to the MCA Companies).

  • In connection with the conveyance of any Mortgage Loans to an Advanta Trust the Buyer shall furnish the MCA Companies with the related Securitization Statement.

  • From time to time in connection with the establishment of Advanta Trusts, the Affiliated Originators and the Sponsor, intend to transfer Mortgage Loans to the Sponsor and/or to the related Advanta Trust.