Aggregate Subsequent Transfer Amount definition

Aggregate Subsequent Transfer Amount. With respect to any Subsequent Transfer Date, the aggregate Stated Principal Balances as of the applicable Cut-off Date of the Subsequent Mortgage Loans conveyed on such Subsequent Transfer Date, as listed on the revised Mortgage Loan Schedule delivered pursuant to Section 2.01(e); provided, however, that such amount shall not exceed the amount on deposit in the Prefunding Account.

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Aggregate Subsequent Transfer Amount with respect to this Subsequent Transfer Agreement shall be $[___________], provided, however, that such amount shall not exceed the amount on deposit in the Pre-Funding Account. (c) The Subsequent Mortgage Loans conveyed on the Subsequent Transfer Date shall satisfy the pool characteristics for the Trust Fund identified in Section 2.01(c) of the Pooling and Servicing Agreement. (d) In case any provision of this Subsequent Transfer Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions or obligations shall not in any way be affected or impaired thereby. (e) In the event of any conflict between the provisions of this Subsequent Transfer Agreement and the Pooling and Servicing Agreement, the provisions of the Pooling and Servicing Agreement shall prevail. Capitalized terms used herein and not otherwise defined have the meanings in the Pooling and Servicing Agreement. (f) The Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Depositor, without recourse, all right title and interest in the Subsequent Mortgage Loans identified in Schedule A, including all interest and principal due on or with respect to such Subsequent Mortgage Loans on or after the Subsequent Cut-off Date and all interest and principal payments on such Subsequent Mortgage Loans received prior to the Subsequent Cut-off Date in respect of installments of interest and principal due thereafter, but not including principal and interest due on such Subsequent Mortgage Loans prior to the Subsequent Cut-off Date, any insurance policies in respect of such Subsequent Mortgage Loans and all proceeds of any of the foregoing. (g) The Servicer hereby agrees to service the Subsequent Mortgage Loans in accordance with the terms and conditions set forth in the Pooling and Servicing Agreement. (h) This Subsequent Transfer Agreement shall be governed by, and shall be construed and enforced in accordance with the laws of the State of New York. (i) This Subsequent Transfer Agreement may be executed in one or more counterparts each of which so executed and delivered shall de deemed an original, but all such counterparts together shall constitute but one and the same instrument.

Aggregate Subsequent Transfer Amount with respect to this Subsequent Transfer Agreement is $[ ].

Examples of Aggregate Subsequent Transfer Amount in a sentence

On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Sections 2.01(d) and (e), with respect to the related Subsequent Transfer Agreement, the Trustee shall remit to the Depositor the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Mortgage Loans.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Section 2.01(f), with respect to the related Subsequent Transfer Agreement, the Trustee shall remit to the Depositor the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Mortgage Loans.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Section 2.01(b), with respect to the related Subsequent Transfer Agreement, the Securities Administrator shall remit to the Depositor the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Mortgage Loans.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Sections 2.01(f) and (g), with respect to the related Subsequent Transfer Agreement, the Trust Administrator shall remit to the Depositor the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Mortgage Loans.
If the addition of such Subsequent Mortgage Loans would cause the aggregate Stated Principal Balance of the Mortgage Loans with Lost Mortgage Notes to exceed 2% of the sum of (x) the Aggregate Loan Balance and (y) the Aggregate Subsequent Transfer Amount, FSA’s prior written consent shall be required for the addition of any Subsequent Mortgage Loan(s) that would so cause the aggregate Stated Principal Balance of the Mortgage Loans with Lost Mortgage Notes to exceed 2% of the sum of (x) and (y) above.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Sections 2.01(d) and (e), with respect to the related Subsequent Transfer Agreement, the Trust Administrator shall remit to the Depositor the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Mortgage Loans.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Section 2.01(b), with respect to the related Subsequent Transfer Agreement, the Trustee shall remit to the Depositor the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Mortgage Loans.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Section 2.01(e), with respect to the related Subsequent Transfer Agreement, the Trustee shall pay to the Seller the Aggregate Subsequent Transfer Amount held in escrow pursuant to Section 2.01(e) as payment of the purchase price for the related Subsequent Mortgage Loans.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Sections 2.01(c) and (d), the Trustee shall remit to the Depositor the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Mortgage Loans.
On each Subsequent Transfer Date, upon satisfaction of the conditions for such Subsequent Transfer Date set forth in Section 2.04(a), with respect to the related Subsequent Transfer Agreement, the Indenture Trustee shall remit to the Seller the applicable Aggregate Subsequent Transfer Amount as payment of the purchase price for the related Subsequent Loans.

More Definitions of Aggregate Subsequent Transfer Amount

Aggregate Subsequent Transfer Amount. Capitalized Interest Account," "Capitalized Interest Amount," "Funded Amount," "Funding Period," "Funding Period Distribution Date," "Pre-Funding Account," "Subsequent Cut-off Date," "Subsequent Mortgage Loan," "Subsequent Transfer Agreement" and "Subsequent Transfer Date" shall be of no force or effect and all provisions herein related thereto shall similarly be of no force or effect.