Securitization Costs definition

Securitization Costs means the actual costs and expenses incurred by FMC, the Purchaser Trust, and all others entitled to payment for expenses by the Purchaser Trust or FMC, in connection with a Securitization Transaction including, without limitation, the following: (Structuring and Origination Fees; Copy/Binding Costs) (Underwriting Expenses) (Rating Fee) (Owner Trustee and Indenture Trustee Transaction and First Year Fees; Expenses) (Counsel for Indenture Trustee) (Counsel for FMC) (Servicer Auditor) (Bond Insurer)
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Securitization Costs shall have the meaning set forth in Section 2.13.
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Securitization Costs means the actual costs and expenses incurred by FMC, the Purchaser Trust, and all others entitled to payment for expenses by the Purchaser Trust or FMC, in connection with a Securitization Transaction, including, without limitation, the following: (Structuring and Origination Fees; Copy/Binding Costs) (Underwriting Expenses) (Rating Fee) (Transaction and First Year Fees; Expenses) Owner Trustee and Indenture Trustee (Transaction and First Year Fees; Expenses) (Counsel for Indenture Trustee) (Counsel for FMC) (Servicer Audit) (Bond Insurer)
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Examples of Securitization Costs in a sentence

  • FMC or the Purchaser Trust shall be solely responsible for and shall pay any Securitization Costs and any and all obligations it has incurred in connection with the purchase, financing of purchase and securitization of the Seasoned Loans.

  • FMC or the Purchaser Trust shall be solely responsible for and shall pay any Securitization Costs and any and all obligations it has incurred in connection with the purchase, financing of purchase and securitization of the EDUCATION ONE Loans.

  • FMC or the Purchaser Trust shall be solely responsible for and shall pay any Securitization Costs and any and all obligations it has incurred in connection with the purchase, financing of purchase and securitization of the CFS Conforming Loans.

  • In accordance with the terms of this Indenture, Owner shall cause the Securitization Costs to be deposited into the Securitization Costs Account which shall be used by Lender to offset Securitization Costs.

  • Neither Lender nor any of the other Lender Parties shall have any liability for any loss in investments of funds in the Securitization Costs Account and the Restoration Account that are invested in Permitted Investments whether Owner or Lender selected such Permitted Investment in accordance herewith and no such loss shall affect Owner's obligation to fund, or liability for funding, the Securitization Costs Account and the Restoration Account.

  • If Owner or any other occupant is permitted to remain in possession, such possession shall be as a licensee of Lender and such occupant (i) shall on demand pay to Lender monthly, in advance, reasonable use and occupancy charges for the space so occupied (which shall not, in any event, be less than one hundred percent (100%) of the Debt Service Payments and Securitization Costs set forth in the Loan Documents, and (ii) in default thereof, may be dispossessed by summary proceedings.

  • On each Payment ------------------------------------------- Date, Owner shall deposit into the Securitization Costs Account $833.33, which amount shall not increase per Payment Date and not exceed $10,000 per year.

  • Owner hereby irrevocably directs and authorizes Lender to withdraw funds from the Securitization Costs Account in accordance with the terms and conditions of this Indenture and the other Loan Documents.

  • FMC or the Purchaser Trust shall be solely responsible for and shall pay any Securitization Costs and any and all obligations it has incurred in connection with the purchase, financing of purchase and securitization of the NextStudent Conforming Loans.

  • Owner shall cause the Securitization Costs to be deposited into the Securitization Costs Account which shall be used by Lender to offset Securitization Costs.


More Definitions of Securitization Costs

Securitization Costs means the actual costs and expenses incurred by NCT, the Purchaser Trust, and all others entitled to payment for expenses by the Purchaser Trust or NCT, in connection with a Securitization Transaction, including, without limitation, the following: First Marblehead (Structuring and Origination Fees; Copy/Binding Costs) Xxxxxxx Sachs (Underwriting Expenses) Xxxxx'x (Rating Fee) State Street Bank & Trust (Transaction and First Year Fees; Expenses) Delaware Trust Co. (Transaction and First Year Fees) Xxxxxxx & Xxxxxxx (Counsel for State Street) Xxxxxxx Xxxxxxxx & Wood (Counsel for NCT) Ernst & Young (Servicer Audit) Standard & Poor's CUSIP (GRADS Bonds Cusip Assignment)
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Securitization Costs means any pre-tax costs incurred or to be incurred by NextEra Energy, Inc. or the Electrical Utility to finance or refinance, directly or indirectly, a portion of the cost of the Securitization Activity, as determined by the Electrical Utility in its sole discretion and approved pursuant to a Financing Order. Securitization Costs also include the following, as approved in a Financing Order:
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Securitization Costs means the actual costs and expenses incurred by FMC, the Purchaser Trust, and all others entitled to payment for expenses by the Purchaser Trust or FMC, in connection with a Securitization Transaction, including, without limitation, the following: (Structuring and Origination Fees; Copy/Binding Costs) (Underwriting Expenses) (Rating Fee) (Owner Trustee and Indenture Trustee Transaction and First Year Fees; Expenses) (Counsel for Indenture Trustee) (Counsel for FMC) (Servicer Audit) (Bond Insurer) "Securitization Transaction" shall mean and refer to the purchase of a Pool of Bank of America SC Conforming Loans by a Purchaser Trust funded through the issuance and sale of commercial paper, certificates, bonds or other securities or evidences of indebtedness, the repayment of which is supported by payments on the Bank of America SC Conforming Loans included in such Pool. A Securitization Transaction may include, without limitation, a continuing series of transactions occurring on a periodic basis in which Program Lender makes a sale of then-outstanding Seasoned Loans to a Purchaser Trust, which Purchaser Trust in turn either utilizes the Pool directly as collateral for its own debt or resells the Pool (in whole or in part) in further sales to a securitization conduit providing financing to the Purchaser Trust. "Servicer" shall mean and refer to The Pennsylvania Higher Education Assistance Agency ("PHEAA"), or such other servicer as may be retained by the holder of Bank of America SC Conforming Loans in accordance with the terms hereof and of the Umbrella Agreement. "Servicing Agreement" refers to: (a) the Servicing Agreement entered into between Servicer and Program Lender with respect to servicing of Bank of America SC Conforming Loans, as amended from time to time, and (b) any subsequent servicing agreement between Program Lender and the Servicer governing servicing of Bank of America SC Conforming Loans purchased under this Agreement. "Servicing Assignment and Servicer Consent Letter" means the form of assignment and consent attached hereto as Exhibit B. "SPE" means a special purpose entity formed and operated for the sole purpose of acting as purchaser and owner of Bank of America SC Conforming Loans. "Term" shall mean the period commencing on the effective date hereof and ending upon termination hereof, all as set forth in Article X. "Trust Agreement" means, with respect to any particular Securitization Transaction, the agreement pursuant to which a Purch...
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Securitization Costs means that portion of the reasonable fees to be -------------------- paid by Owner of the reasonable fees charged by any trustee or other administrator or servicing agent in connection with any securitization in which the Loan is included and all fees, expenses or disbursements of the Rating Agencies in connection with its surveillance and maintenance of its rating or shadow rating of the long term unsecured debt of Owner.
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Securitization Costs means the sum of: (i) the actual or a reasonable, good faith estimate, determined by Bank, of all underwriting, legal and accounting costs, and all fees that would be paid to one or more rating agencies for rating the instruments or securities to be issued; (ii) the Securitization Fee; and (iii) the Profit Participation Amount for Bank Loans (other than Confirmed Loans), if any, contributed to such a Securitization.
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Securitization Costs. Securitization Expense Sub-Account," "Spread " "Stabilization Date," "Stabilization Date Loan Amount," "Stabilization Date Payment Date," "Stabilization Interest Rate," "Stabilization Optimum Debt Service Coverage Ratio," "Successor Obligor," "Substitute Loan Documents," "Substitute Property," "Ten Year Treasury Rate," "Treasury Rate," "Unpaid Excess Loan Amount," "Underwriting NOI Criteria," "Unpaid Excess Loan Amount," "Warrant," "Security Agreement."
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Related to Securitization Costs

  • Securitization Fees means distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Securitization Subsidiary in connection with, any Qualified Securitization Facility.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Securitization Indebtedness means any Indebtedness under any Securitization Transaction that does not permit or provide recourse for principal or interest (other than Standard Securitization Undertakings) to the Borrower or any Restricted Subsidiary of the Borrower (other than a Securitization Entity) or any property or asset of the Borrower or any Restricted Subsidiary of the Borrower (other than the property or assets of a Securitization Entity or any Equity Interests or securities issued by a Securitization Entity).

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Securitization Assets means any accounts receivable or other revenue streams subject to a Qualified Securitization Financing.

  • Securitization Property means the property described in section 10j.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Note A-6 Securitization means the first sale by the Note A-6 Holder of all or a portion of Note A-6 to a depositor who will in turn include such portion of Note A-6 as part of the securitization of one or more mortgage loans.

  • Securitization Facility means any of one or more receivables or securitization financing facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the Obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Issuer or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) pursuant to which the Issuer or any of its Restricted Subsidiaries sells or grants a security interest in its accounts receivable or Securitization Assets or assets related thereto to either (a) a Person that is not a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn sells its accounts receivable to a Person that is not a Restricted Subsidiary.

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • Note A-4 Securitization means the first sale by the Note A-4 Holder of all or a portion of Note A-4 to a depositor who will in turn include such portion of Note A-4 as part of the securitization of one or more mortgage loans.

  • Note A-7 Securitization means the first sale by the Note A-7 Holder of all or a portion of Note A-7 to a depositor who will in turn include such portion of Note A-7 as part of the securitization of one or more mortgage loans.

  • Securitization Date means the effective date on which the Securitization of the first Note or portion thereof is consummated.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Administration Costs means all costs to administer and distribute the Settlement Fund including the costs and professional fees of the Claims Administrator and the costs of implementing the Notice Plan;

  • Securitization Rate means, with respect to a 2016-A Lease, an annualized rate that is equal to 7.00%.

  • Securitization Repurchase Obligation means any obligation of a seller of Securitization Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a result of a breach of a Standard Securitization Undertaking, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Receivables Securitization any financing pursuant to which accounts receivable of the Borrower or any of its Subsidiaries are (or are purported to be) sold or pledged, which financing shall be non-recourse (except for customary limited recourse provisions) to the Borrower and its Subsidiaries.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Note A-5 Securitization means the first sale by the Note A-5 Holder of all or a portion of Note A-5 to a depositor who will in turn include such portion of Note A-5 as part of the securitization of one or more mortgage loans.

  • Note A-1 Securitization means the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.

  • Financing Costs means for each calendar day the product of:

  • Transaction Costs means the costs incurred or estimated by the Management Company to cover the costs (such as, but not restricted to, brokerage, Trustee charges, taxes or levies on transactions, etc.) related to the investing or disinvesting activity of the Trust’s portfolio, inter alia, necessitated by creation or cancellation of Units, which costs may be added to the NAV for determining the Offer Price of Units or to be deducted from the NAV in determining the Redemption Price.

  • Permitted Receivables Facility Assets means (i) Receivables (whether now existing or arising in the future) of the Company and its Subsidiaries which are transferred or pledged to the Receivables Entity pursuant to the Permitted Receivables Facility and any related Permitted Receivables Related Assets which are also so transferred or pledged to the Receivables Entity and all proceeds thereof and (ii) loans to the Company and its Subsidiaries secured by Receivables (whether now existing or arising in the future) and any Permitted Receivables Related Assets of the Borrower and its Subsidiaries which are made pursuant to the Permitted Receivables Facility.

  • First Securitization means the earliest to occur of the Note A-1 Securitization and the Note A-2 Securitization.