Pledged MBS definition

Pledged MBS. With respect to any Series, any Mortgage-Backed Security Granted to the Indenture Trustee by the Issuer to secure such Series, as from time to time is held as a part of the related Trust Estate, including any such Mortgage-Backed Security as may constitute Substitute Mortgage Collateral.
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Pledged MBS means any residual, subordinated or interest strip class of asset-backed security (i) issued in connection with a securitization in which Existing Lender or its designee acted as lead or co-lead underwriter or placement agent and (ii) pledged by Company and its Subsidiaries and accepted by Lender in connection with an Advance.
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Pledged MBS means any residual, subordinated or interest strip class of asset- backed security (i) issued in connection with a securitization in which Lender or its designee acted as lead or co-lead underwriter or placement agent and (ii) pledged by Borrower and accepted by Lender in connection with an Advance.
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Examples of Pledged MBS in a sentence

  • Assignment by Lender of Pledged Loans or Pledged MBS as provided in this Section 8.16 shall not release Lender from its obligations otherwise under this Agreement.

  • Attached is a Total Pledged MBS List listing all MBS currently Pledged to the Agent, including any being pledged concurrently with this Request for Borrowing.

  • A separate Request for Borrowing shall be made for each Borrowing, which, when appropriately completed and with (i) a current Total Pledged Servicing List (provided that no Total Pledged Servicing List shall be required until the Company shall first pledge Servicing Rights to the Agent), (ii) a current Total Pledged MBS List and (iii) if new Single-family Collateral is being pledged, a Submission List attached, may include requests for Borrowings to finance any type or types of Eligible Collateral.

  • So long as no Potential Event of Default or an Event of Default shall have occurred and be continuing, Borrower shall receive and retain for its own account all principal and interest collected by Borrower from the Pledged Loans (the "Pledged Loan Income") and all distributions received by Borrower from the Pledged MBS (the "Pledged MBS Income").

  • As a result of our transition to an SFB, our investments have significantly increased, primarily for complying with the SLR requirements of investing into Government or other RBI- approved securities.

  • MLMCI hereby grants to Assignor the right to perform in MLMCI's stead under any repurchase, reverse repurchase, loan or similar transaction in which MLMCI has sold, pledged or otherwise transferred any Pledged MBS in the event that MLMCI has defaulted on its obligations to repurchase or accept redelivery of such Pledged MBS in conformity with the terms of any such transaction and so long as an Event of Default hereunder by Assignor shall not have occurred and be continuing.

  • Borrower shall not request an Advance to be secured by any Pledged MBS on or before January 1, 1997.

  • Assignment by Lender of Pledged Loans or Pledged MBS as provided in this Section 8.18 shall not release Lender from its obligations otherwise under this Agreement.

  • Upon such receipt by Borrower all such Pledged Loan Income and Pledged MBS Income shall be released from the security interest and lien of Lender hereunder and shall no longer constitute Collateral hereunder.

  • MLMCI further acknowledges that each Pledged MBS identified in a Confirmation Statement and included as Collateral for a Loan hereunder is unique and identifiable on the date of such Loan and that an award of money damages would be insufficient to compensate Assignor for the losses and damages incurred by Assignor in the event of MLMCI's failure to release and redeliver any Pledged MBS upon the repayment of the related Loan by Assignor as provided hereunder.


More Definitions of Pledged MBS

Pledged MBS means a pass-through certificate (whether rated or unrated), which (i) is pledged by Assignor and accepted by MLMCI in connection with a Loan hereunder, (ii) is issued by an issuer other than an Agency, and (iii) represents a specified undivided beneficial interest (which interest may be composed of the right to receive payments of principal only or payments of interest only thereon) in a pool consisting of single family or commercial mortgage loans.
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Pledged MBS means any residual interest mortgage pass through security (i) issued in connection with a securitization involving Assignor and in which MLMCI or an affiliate of MLMCI has acted as the lead or co-lead underwriter or placement agent and (ii) pledged by Assignor and accepted by MLMCI in connection with a Loan hereunder.
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Pledged MBS means any residual, subordinated or interest strip class of asset backed securities (i) issued in connection with a securitization involving Assignor and in which MLMCI or an affiliate of MLMCI has acted as the lead or co-lead underwriter or placement agent and (ii) pledged by Assignor and accepted by MLMCI in connection with a Loan hereunder.
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Pledged MBS means all Agency MBS and Non-Agency MBS, and all rights to receive payments of principal, interest and premium thereon, whether now owned or hereafter acquired, whether or not they initially qualify or continue to qualify as Eligible Collateral:
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Related to Pledged MBS

  • Pledged Equity has the meaning specified in the Security Agreement.

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests, Pledged Trust Interests and Pledged Alternative Equity Interests.

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • Pledged Items means, as of any date, any and all securities and instruments delivered by the Pledgor to be held by the Collateral Agent under this Collateral Agreement as Collateral, whether Eligible Collateral or Ineligible Collateral.

  • Pledged Trust Interests means all interests in a Delaware business trust or other trust including, without limitation, all trust interests listed on Schedule 4.4(A) under the heading “Pledged Trust Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such trust interests and any interest of such Grantor on the books and records of such trust or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such trust interests.

  • Pledged Funds means all of the Series Pledged Funds.

  • Pledged Interests shall have the meaning ascribed to such term in Section 4(j).

  • Pledged Stock has the meaning assigned to such term in Section 3.01.

  • Pledged Shares has the meaning provided in Section 2 hereof.

  • Pledged Assets With respect to any Mortgage Loan, all money, securities, security entitlements, accounts, general intangibles, payment intangibles, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description pledged by Combined Collateral LLC as security in respect of any Realized Losses in connection with such Mortgage Loan up to the Pledged Amount for such Mortgage Loan, and any related collateral, or such other collateral as may be set forth in the Series Supplement.

  • Pledged Entity means an issuer of Pledged Shares or Pledged Indebtedness.

  • Pledged Investment Property means any investment property of any Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments.

  • Pledged Property means all Pledged Notes, Pledged Interests, Pledged Shares, all assignments of any amounts due or to become due with respect to the Pledged Interests or the Pledged Shares, all other instruments which are now being delivered by any Grantor to the Administrative Agent or may from time to time hereafter be delivered by any Grantor to the Administrative Agent for the purpose of pledging under this Security Agreement or any other Credit Document, and all proceeds of any of the foregoing.

  • Pledged Notes all promissory notes listed on Schedule 2, all Intercompany Notes at any time issued to any Grantor and all other promissory notes issued to or held by any Grantor (other than promissory notes issued in connection with extensions of trade credit by any Grantor in the ordinary course of business).

  • Pledged Debt Instruments means all right, title and interest of any Grantor in Instruments evidencing any Indebtedness owed to such Grantor, including all Indebtedness described on Schedule 2 (Pledged Collateral), issued by the obligors named therein.

  • Pledged Amount With respect to any Pledged Asset Loan, the amount of money remitted to Combined Collateral LLC, at the direction of or for the benefit of the related Mortgagor.

  • Pledged Asset Loan Any Mortgage Loan supported by Pledged Assets or such other collateral, other than the related Mortgaged Property, set forth in the Series Supplement.

  • Pledged Indebtedness means the Indebtedness evidenced by promissory notes and instruments listed on Part B of Schedule I hereto;

  • Pledged Debt has the meaning specified in the Security Agreement.

  • Pledged revenue means money pledged to the payment of or as security for:

  • Pledged Subsidiary means each Subsidiary in respect of which the Administrative Agent has been granted a security interest in or a pledge of (a) any of the Capital Securities of such Subsidiary or (b) any intercompany notes of such Subsidiary owing to the Borrower or another Subsidiary.

  • Pledged Securities means any promissory notes, stock certificates or other securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral.

  • Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which a Grantor may from time to time designate as pledged to the Administrative Agent or to any Secured Party as security for any Secured Obligations, and all rights to receive interest on said deposits.

  • Pledged Revenues means all of the Series Pledged Revenues.

  • Pledged Treasury Securities means Treasury Securities and security entitlements with respect thereto from time to time credited to the Collateral Account and not then released from the Pledge.