HOME LOAN TRUST definition

HOME LOAN TRUST. 2002-HI4, a business trust duly organized and existing under the laws of the State of Delaware (herein referred to as the "Issuer"), for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of $___________, payable on each Payment Date in an amount equal to the Percentage Interest specified above of the aggregate amount, if any, payable from the Payment Account in respect of principal on the Class A-__ Notes pursuant to Section 3.05 of the Indenture dated as of September 26, 2002 (the "Indenture") between the Issuer, as Issuer, and JPMorgan Chase Bank, as Indenture Trustee (the "Indenture Trustee"); provided, however, that the entire unpaid principal amount of this Note shall be due and payable on the Payment Date in October 2027, to the extent not previously paid on a prior Payment Date. Capitalized terms used but not defined herein are defined in Appendix A of the Indenture. [Interest on the Class A-__ Notes will be paid monthly on each Payment Date at the Note Rate. The Note Rate for the Class A-__ Notes will be _____% per annum. Interest will be computed on the basis of a 30-day month and a 360-day year. Principal of and interest on this Note shall be paid in the manner specified on the reverse hereof. On the Step-Up Date, the Note Rate on the Class A-6 Notes will increase by 0.50% per annum.] [Interest on the Class A-1 Notes will be paid monthly on each Payment Date at the Note Rate for the related Interest Accrual Period. The Note Rate for each Interest Accrual Period will be equal to the lesser of (i) LIBOR plus 0.13% per annum and (ii) 8.00% per annum. LIBOR for each applicable Interest Accrual Period will be determined on the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Accrual Period and (ii) the first day of each succeeding Interest Accrual Period by the Indenture Trustee as set forth in the Indenture. All determinations of LIBOR by the Indenture Trustee shall, in the absence of manifest error, be conclusive for all purposes, and each holder of this Class A-1 Note, by accepting this Class A-1 Note, agrees to be bound by such determination. Interest on this Class A-1 Note will accrue for each Payment Date from the most recent Payment Date on which interest has been paid (in the case of the first Payment Date, from the Closing Date) to but excluding such Payment Date. Interest will be computed on the basis of the actual number of days in each Interes...
View Source

Examples of HOME LOAN TRUST in a sentence

  • GMACM HOME LOAN TRUST 2001-HLTV1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: January 30, 2001 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • GMACM HOME LOAN TRUST 2001-CL1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: November 29, 2001 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • GMACM HOME LOAN TRUST 2000-CL1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: September 28, 2000 By: Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • GMACM HOME LOAN TRUST 2000-HLTV2 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: August 29, 2000 By: Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • RESIDENTIAL FUNDING CORPORATION, as Master Servicer By: /s/ Randy Van Zee ------------------------------------- Name: Randy Van Zee Title: Director HOME LOAN TRUST 2001-HI1 By: Wilmington Trust Company, not in its individual capacity but solely as Owner Trustee By: /s/ James P.

  • GMACM HOME LOAN TRUST 2001-HLTV2 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: October 30, 2001 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • GMACM HOME LOAN TRUST 2002-HLTV1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: September 26, 2002 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • HOME LOAN TRUST 2006-HI2 as Issuer By: WILMINGTON TRUST COMPANY not in its individual capacity but solely as Owner Trustee By: /s/ Joann A.

  • HOME LOAN TRUST 2005-HI3 By WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: October 27, 2005 By ---------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class A-__ Notes referred to in the within mentioned Indenture.

  • HOME LOAN TRUST 2005-HI2 By WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: June 29, 2005 By Authorized Signatory ---------------------------------------- CERTIFICATE OF AUTHENTICATION This is one of the Class A-__ Notes referred to in the within mentioned Indenture.