MBS Trustee definition

MBS Trustee. A trustee or indenture trustee for a Mortgage Pool that is a securitization trust.

MBS Trustee means a trustee or indenture trustee for an MBS Trust. "MERS" as defined in the Custodial Agreement.

MBS Trustee. A trustee or indenture trustee for an MBS Trust. Middle Threshold Servicing Agreement: A Designated Servicing Agreement (i) for which the underlying Mortgage Loans have an unpaid principal balance greater than or equal to $10,000,000 but less than $25,000,000, or (ii) contain at least 50 but less than 125 Mortgage Loans, as of the end of the most recently concluded calendar month, to the extent the Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all Receivables outstanding with respect to Middle Threshold Servicing Agreements, cause the total Receivable Balances attributable to Middle Threshold Servicing Agreements to exceed 8.00% of the aggregate of the Receivable Balances of all Receivables included in the Facility.

Examples of MBS Trustee in a sentence

• The Servicer generally has the right to remit amounts held for distribution to the MBS Trustee in a future month (“Amounts Held for Future Distribution”) on deposit in each Dedicated Collection Account, to the related MBS Trustee as part of the Servicer’s monthly P&I Advances required under the related Designated Servicing Agreement.

• The Servicer generally has the right to remit amounts held for distribution to the MBS Trustee in a future month (“Amounts Held for Future Distribution”) on deposit in each Custodial Account, to the related MBS Trustee as part of the Servicer’s monthly P&I Advances required under the related Designated Servicing Agreement.

• As of any Sale Date, with respect to the Receivables transferred on such date, no Receivable has been identified by HLSS or reported to HLSS by the related MBS Trustee as having resulted from fraud perpetrated by any Person.

• 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 securitization trust, the related 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.

• As of any Sale Date through the MSR Transfer Date, with respect to the Receivables sold by OLS transferred on such date, no such Receivable has been identified by OLS or reported to OLS by the related MBS Trustee as having resulted from fraud perpetrated by any Person.

• As of any Sale Date, with respect to the Receivables transferred on such date, no Receivable has been identified by Nationstar or reported to Nationstar by the related MBS Trustee as having resulted from fraud perpetrated by any Person.

• 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 Advance Purchaser, will not be subject to any set-off, counterclaim or other defense to payment by the Obligor, the related securitization trust, the related MBS Trustee, or any other party.

• As of any Sale Date, with respect to the Receivables transferred on such date, no Receivable has been identified by Advance Purchaser or reported to Nationstar by the related MBS Trustee as having resulted from fraud perpetrated by any Person.

More Definitions of MBS Trustee

MBS Trustee. Xxxxxx Xxx, in its capacity as trustee for any related MBS Trust, or any successor or assign that has the responsibilities specified for such purpose in the MBS Master Trust Agreement.

MBS Trustee means each trustee of a trust or trust estate in which the Mortgage Loans being serviced by any Grantor are held.

MBS Trustee. Xxxxxx Mae, in its capacity as trustee under the Trust Indenture with respect to the MBS. Net MBS Pass-Through Rate: With respect to each MBS, as specified on Exhibit A hereto; provided, however, that if the interest on the related Underlying Mortgage Loan is calculated on an actual/360 basis, then, for purposes of calculating the Net MBS WAC Rate with respect to an Interest Accrual Period during which other than 30 days’ interest accrued on such loan, the related Net MBS Pass-Through Rate will be converted to a 30/360 equivalent rate. For purposes of the proviso to the prior sentence, by virtue of the related Interest Reserve Amounts, each Underlying Mortgage Loan that accrues interest on an actual/360 basis shall be deemed to have accrued 30 days’ interest during each December Interest Accrual Period (other than in a year that immediately precedes a leap year), January Interest Accrual Period and February Interest Accrual Period.