Securitization Receivable definition

Securitization Receivable means a Contract that is included in any schedule of Receivables and all rights to receive all payments of all amounts due and payable thereunder.
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Securitization Receivable means, on any date, the amount any Borrower is entitled to receive (as a result of ownership or the terms of the applicable repurchase financing documentation) with respect to principal payments then due and owing under those Mortgage-Backed Securities which either (i) are owned by such Borrower, or (ii) have been transferred by such Borrower in a repurchase financing.
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Securitization Receivable means all rights of the Borrower to receive payments (including, without limitation, assets classified as residual strips, certificates, or interest only strips on the Borrower's financial statements) under a Securitization Transaction but excluding rights to receive payments in respect of Servicing Fees.
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Examples of Securitization Receivable in a sentence

  • Any and all fees, expenses and charges contracted ------- for or imposed on or with respect to an Account or any Account Receivable or Securitization Receivable, including interest, finance charges, service charges, default rates, late fees, NSF fees, overlimit fees, minimum finance charges and the methods of calculation relating thereto.

  • There exist no facts or circumstances that would entitle an Investor or any Person to demand repurchase of a Previously Disposed Loan, a Previously Disposed Servicing Right, a Securitization Receivable or Collateral Certificate or that would entitle an Insurer to demand indemnification from a Related Company with respect to any Previously Disposed Loan, Previously Disposed Servicing Right, Securitization Receivable or Collateral Certificate.

  • Except as set forth on Section 4.26 of the Seller Disclosure Schedule, none of the Partnership, the Company or any Related Company is the owner of any Securitization Receivable for any purpose, including for Tax purposes.

  • No such Assigned Receivable or Securitization Receivable which is so secured has been waived or modified in any manner which would interfere in any material respect with the security interest.