MBS Trust definition

MBS Trust means any of the trusts or trust estates in which the Mortgage Loans being serviced by the Borrower pursuant to the Servicing Contracts are held by the related MBS Trustee.
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MBS Trust means any of the trusts or trust estates in which any Mortgage Loan, being serviced or specially serviced by the Company or any Guarantor pursuant to the terms and provisions of the applicable Collateral Transaction Documents, are held by the related trustee
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MBS Trust. Any trust created pursuant to the MBS Master Trust Agreement.
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Examples of MBS Trust in a sentence

  • HLSS shall not appoint any Subservicer other than OLS unless and until each rating agency that rated the related mortgage-backed securities as stated in the documentation for the related MBS Trust, shall have delivered written confirmation that the appointment of such Subservicer will not result in a reduction of the then-current ratings of such securities, if rating agency confirmation is required for the appointment of a subservicer under the related Servicing Agreement.

  • Pursuant to Section 7.01(h)(4) of the Loan Agreement, the Borrower is furnishing to you herewith the Officer’s Certificate regarding outstanding repurchase and indemnity demands by the Agencies and any MBS Trust.

  • Each Advance made by OLS complied with all applicable laws, including those relating to consumer protection, is valid and enforceable and, at the time it is sold to HLSS, will not be subject to any set-off, counterclaim or other defense to payment by the Obligor, the related MBS Trust, MBS Trustee or any other party.

  • Each Advance complied with all applicable laws, including those relating to consumer protection, is valid and enforceable and, at the time it is sold to the Depositor, will not be subject to any set-off, counterclaim or other defense to payment by the Obligor, the related MBS Trust, MBS Trustee or any other party.

  • In the event that, as to any MBS, there shall be a Default Under the MBS Trust Indenture or an Event of Default Under the MBS Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such MBS Trust Indenture shall be permitted to take in respect thereof.

  • Similar direction shall be required in order for the Trustee to waive compliance with any provision of an MBS Trust Indenture where the vote of certificateholders is required pursuant to any provision thereof.

  • Each Advance complied with all applicable laws, including those relating to consumer protection, is valid and enforceable and, at the time it is sold to the Depositor, will not be subject to any set-off, counterclaim or other defense to payment by the Obligor, the related MBS Trust, the related MBS Trustee, or any other party.

  • Pursuant to Section 7.01(h)(4) of the Loan Agreement, the Borrowers are furnishing to you herewith the Officer’s Certificate regarding outstanding repurchase and indemnity demands by the Agencies and any MBS Trust.

  • In the event that ▇▇▇▇▇▇ ▇▇▇ shall desire to amend any MBS Trust Indenture under circumstances requiring the vote of certificateholders thereunder, the Trustee may not vote the related MBS on behalf of Holders of the related Certificates except upon the direction to do so from the Holders of the Certificates of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the related Class Balances.

  • As to a Q-REMIC, each MBS Trust relating to the Lower Tier I- REMIC Mirror Interests held in such Q-REMIC.