RMBS Trusts definition
Examples of RMBS Trusts in a sentence
The RMBS Trustees allege that the LBHI Debtors breached one or more of their representations and warranties under the Governing Agreements with respect to certain loans in the RMBS Trusts in a manner that materially and adversely affected the value of the loans or certificateholders’ interests in the loans.
Impaired; entitled to vote on the Plan.Treatment: Subject to the treatment of the RMBS Trust Claims for the Insured RMBS Trusts, in full and final satisfaction of the Monoline Claims against the ResCap Debtors, on or as soon as practicable after the Effective Date, holders of allowed Monoline Claims in Class R-6 shall receive their pro rata share of the ResCap Debtors’ Unsecured Distribution.
The RMBS Trustees hereby notify Certificateholders that, on January 13, 2014, the RMBS Trustees elected to extend, and JPMorgan acknowledged the Trustees’ election to extend, the Acceptance Date under the Proposed Settlement Agreement, with respect to each of the RMBS Trustees, in their respective capacities as trustee, separate trustees, successor trustees, securities administrators or successor securities administrators for the RMBS Trusts, to and including March 16, 2014.
A copy of an up-to-date list of the RMBS Trusts not subject to the Tolling and Forbearance Agreement is available at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/RMBS_Trusts_Not_Subject_to_Tolling_and_Forbearanc e_Agreement.pdf.
On October 13, 2017, which was the Acceptance Date under the Proposed Settlement Agreement, the RMBS Trustees informed the LBHI Debtors that they had accepted the Proposed Settlement Agreement for all of the Transferor RMBS Trusts, except for SASCO 2004-2AC, which had terminated between the date when the LBHI Debtors first submitted the Settlement Offer and the Acceptance Date.
As of the date of this Notice, none of the RMBS Trustees has made any determination, on behalf of the RMBS Trusts for which it serves as trustee, regarding the reasonableness of, or the advisability of entering into, the Proposed Settlement Agreement.
The Trustee shall have no duties or responsibility with respect to the compliance by the QSF Beneficiaries with respect to their duties with respect to the RMBS Trusts, including without limitation relating to their authority to act with respect to any RMBS Trusts.
While the RMBS Trustees intend to issue future notices concerning significant developments with respect to the Proposed Settlement Agreement, Certificateholders and other persons interested in the RMBS Trusts should not rely on the RMBS Trustees, their counsel or other advisors retained by the RMBS Trustees, as their sole source of information.
Impaired; entitled to vote on the Plan.Treatment: Subject to the treatment of the RMBS Trust Claims for the Insured RMBS Trusts, in full and final satisfaction of the Monoline Claims against the RFC Debtors, on or as soon as reasonably practicable after the Effective Date, holders of allowed Monoline Claims in Class RS-7 shall receive their pro rata share of the RFC Debtors’ Unsecured Distribution.
The Plan Administrator’s Position Statement The RMBS Trustees allege that LBHI: (i) breached certain representations and warranties regarding the quality and characteristics of certain mortgage loans, or (ii) provided deficient mortgage loan files to the RMBS Trusts, when they sold loans into certain residential mortgage-backed securitization trusts.