Securitized Asset definition

Securitized Asset means an underlying asset that:endnote7.

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Securitized Asset means any retail installment sales contract or installment loan agreement for manufactured housing, and any mortgage loan, included in any Securitization Trust pursuant to the related Pooling and Servicing Agreement.

Securitized Asset means an asset that: (1) is transferred, sold, or conveyed to an issuing entity; and (2) collateralizes the ABS Interests issued by the issuing entity. Under the Proposed Rules, “ABS Interest” (1) includes any type of interest or obligation issued by an issuing entity, whether or not in certificate form, including a security, obligation, beneficial interest or residual interest, payments on which are primarily dependent on the cash flows of the collateral owned or held by the issuing entity; and (2) does not include common or preferred stock, limited liability interests, partnership interests, trust certificates, or similar interests that: (i) are issued primarily to evidence ownership of the issuing entity; and (ii) the payments, if any, on which are not primarily dependent on the cash flows of the collateral held by the issuing entity.

Examples of Securitized Asset in a sentence

• Depositor: Securitized Asset Backed Receivables LLC, a Delaware limited liability company, and its successors in interest.

• The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of January 25, 1996 (the "Agreement") among the Seller, Securitized Asset Services Corporation, as master servicer (the "Master Servicer") and First Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter.

• This Agreement (“Agreement”) is entered into between Plaintiff the United States of America (“United States”) on the one hand, and Defendants Barclays Capital Inc., Barclays Group US Inc., Barclays US LLC, Barclays Bank PLC, Barclays PLC, BCAP LLC, Securitized Asset Backed Receivables LLC, and ▇▇▇▇▇▇ Funding LLC (hereinafter, collectively, “Barclays”), together with Defendants ▇▇▇▇ ▇.

• If the Assignment of Mortgage is to be recorded, the Mortgage shall be assigned by the Responsible Party, at the expense of the Responsible Party, to "U.S. Bank National Association, as trustee under the Pooling and Servicing Agreement dated as of February 1, 2006, Securitized Asset Backed Receivables LLC Trust 2006-WM1".

• WHEREAS Plaintiff the United States of America and Defendants Barclays Capital Inc., Barclays Group US Inc., Barclays US LLC, Barclays Bank PLC, Barclays PLC, BCAP LLC, Securitized Asset Backed Receivables LLC, ▇▇▇▇▇▇ Funding LLC, ▇▇▇▇ ▇.

• BARCLAYS BANK PLC SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST 2006-WM1 By: Wells Fargo Bank, National ▇▇▇▇▇iation, not individually, but solely as securities administrator of Securitized Asset Backed Receivables LLC Trust 2006-WM1 By: By: ---------------------------------- ---------------------------------- Name: Name: Title: Title: (Multicurrency -- Cross Border) EXHIBIT B --------- ISDA Form Master Agreement ISDA(R) International Swap Dealers Association, Inc.

• The respective duties and obligations of the Manager and the Securitization Entities created by this Agreement shall terminate upon the earlier to occur of (x) the final payment or other liquidation of the last Securitized Asset and (y) the satisfaction and discharge of the Indenture pursuant to ARTICLE Twelve of the Base Indenture.

• The Manager shall recalculate the Allocated Note Amount attributable to each Contributed Asset and any Securitized Asset arising or entered into after the Closing Date that is contributed by a Non-Securitization Entity as of each date on which the Manager or other applicable Non‑Securitization Entity is required to reacquire such assets in accordance with the Contribution Agreement or this Agreement.

• In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Deutsche Bank National Trust Company (or, if applicable, the name of the successor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 2006-WM3 Mortgage Pass-Through Certificates, Series 2006-WM3, or to its nominee, for the benefit of the Certificateholders.

• The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Servicer or the Securitization Entities, whether in respect of this Agreement, the other Related Documents or any document governing any Securitized Asset or otherwise.

More Definitions of Securitized Asset

Securitized Asset means a Participation, a Specific Interest, a Trust Loan, any interest in Receivables, leases or other property, or any security (as defined for the purposes of the Securities Act (Ontario)), whether or not secured or backed by Participations or Specific Interests, acquired or to be acquired by the Trust pursuant to a Securitization Agreement;