Reg AB definition

Reg AB means Subpart 229.1100 — Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125, as such may be amended from time to time, and subject to such clarifications and interpretations as have been provided by the SEC in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506 - 1,631 (Jan. 7, 2005)) or by the staff of the SEC, or as may be provided by the SEC or its staff from time to time. Subservicer also acknowledges and agrees that, pursuant to the Repurchase Agreement, upon Buyer’s delivery of a Notice of Event of Default or notice of a Subservicer Termination Event (as defined in the Repurchase Agreement), Buyer shall have the right to immediately terminate the Subservicer’s right to service the Mortgage Loans without payment of any penalty or termination fee under the Subservicing Agreement and Subservicer agrees that, upon receipt of such notice or upon resignation of Subservicer, Subservicer shall cooperate in transferring the servicing of the Mortgage Loans to a successor servicer appointed by Buyer in its sole discretion. Prior to any such servicing transfer, the Subservicer shall be reimbursed for any outstanding advances or accrued servicing fees or compensation owed to Subservicer as of such servicing transfer date. Subservicer also acknowledges and agrees that upon reasonable prior notice, Buyer will be permitted during normal business hours to examine, inspect and make copies and extracts of any documents, data, records or other information relating to the Mortgage Loans, but solely to the extent such documents, data, records or other information relates to the Mortgage Loans. Such examination or inspection shall not occur more frequently than annually unless an Event of Default has occurred and is continuing.

Reg AB. Shall have the meaning assigned to such term in Section 3.05.

Reg AB shall have the meaning provided in Section 7.18 hereof.

Examples of Reg AB in a sentence

• The vendor, CoreLogic Solutions, LLC, provided a separate Reg AB 1122 (d) attestation for their tax payment activities as they relate to criteria 1122(d)(4)(xi) and (xii).

• If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool.

• Reg AB disclosure about any new servicer or trustee is also required.

• Servicer/Master Servicer/Depositor Reg AB disclosure about any new Trustee is also required.

• Depositor/Securities Administrator Reg AB disclosure about any new enhancement provider is also required.

• Reg AB disclosure about any new enhancement provider is also required.

• Depositor Item 6.04- Failure to Make a Required Distribution Securities Administrator Item 6.05- Securities Act Updating Disclosure If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool.

• Depositor Item 6.04- Failure to Make a Required Distribution Securities Administrator Trustee Item 6.05- Securities Act Updating Disclosure If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool.

• Master Servicer/Securities Administrator/Depositor/ Servicer/Trustee Reg AB disclosure about any new servicer or master servicer is also required.

• N/A Reg AB disclosure about any new enhancement provider is also required.

More Definitions of Reg AB

Reg AB. Has the meaning set forth in Section 5.2.15.