Securitized Asset definition

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.
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Securitized Asset means an underlying asset that:endnote7.
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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;
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Examples of Securitized Asset in a sentence

  • Accordingly, any event which adversely affects the value of an investment in a Securitized Asset would be magnified to the extent such Securitized Asset is leveraged.

  • The average life of a Securitized Asset may be affected by the financial condition of the underlying loan or the Securitized Asset’s issuer and/or the characteristics of the underlying assets, including, without limitation: the existence and frequency of exercise of any optional or mandatory redemption features; the prevailing level of interest rates; the redemption price; and the actual default rate.

  • 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 Xxxxxx Funding LLC (hereinafter, collectively, “Barclays”), together with Defendants Xxxx X.

  • Carroll was a Managing Director and Head of Global Securitized Asset Trading in Barclays Capital’s U.S. Asset Backed Security (“ABS”) and Whole Loan Trading Division and Vice President and Chief Financial Officer of SABR from 2003-08.

  • 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, Xxxxxx Funding LLC, Xxxx X.

  • Adam has details of where Interlegal has current coverage but no firm proposal yet from Dr Achim Herbertz for further coverage.

  • WMC is the sole defendant in litigation captioned TMI Trust Company, solely in its capacity as Separate Trustee of the Securitized Asset Backed Receivables LLC Trust 2006-WM2 (SABR 2006-WM2) v.

  • The following funds (individually, a “Fund” and collectively, the “Funds”) are included in this report: Loomis Sayles High Income Opportunities Fund (the “High Income Opportunities Fund”) Loomis Sayles Securitized Asset Fund (the “Securitized Asset Fund”) Each Fund is a diversified investment company.

  • In our view, the Securitized Asset Fund exclusion to the definition of “covered fund” is the appropriate manner in which to implement the Securitization Exclusion.

  • Scott (scottj@sullcrom.com) Joshua Fritsch (fritschj@sullcrom.com) SULLIVAN & CROMWELL LLP125 Broad StreetNew York, NY 10004 Attorneys for Petitioners Barclays Capital Inc., Barclays Bank PLC, Securitized Asset Backed Receivables LLC, Paul Menefee, John Carroll, and Michael WadeCase: 13­1122 Document: 1­1 Page: 49 03/26/2013 889961 63 /s/ Thomas C.


More Definitions of Securitized Asset

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.
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Related to Securitized Asset

  • 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.

  • Portfolio Asset means an asset of an investment fund;

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

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

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

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan:

  • 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.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • 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.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • 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.

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans sold by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • 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.