Securitized Pool(s) definition
Examples of Securitized Pool(s) in a sentence
In the event that Cygnet is then servicing the Owned Contracts and the Securitized Pools, Cygnet agrees to advise the Company at least 20 days prior to the date upon which cash distributions under the Excess Collections Split are likely to begin and to provide the Company with an estimate as to the likely amount and timing of such cash distributions.
Upon completion of the Sale, UDC will assist in all servicing of the Owned Loans, the Greenwich Collateral and the Securitized Pools.
This Modified Plan Agreement is expressly subject to: (a) execution and filing with the bankruptcy court of a definitive Chapter 11 Plan, the related documents contemplated herein and approval by the court with jurisdiction over the Debtor's Chapter 11 Case; and (b) approval of the Securitized Pools 11 Servicing Fee (provided that UDC may unilaterally waive this Section 20(b)).
The Debtor and UDC will coordinate an orderly and prompt transition of servicing of the Owned Loans, the Greenwich Collateral and the Securitized Pools, as applicable, from the Debtor to the Servicer during the pendency of the Bankruptcy Case to enable UDC (or an Authorized Assignee) to begin such servicing activities on the 5 Effective Date pursuant to the UDC Servicing Agreements.
UDC's obligation pursuant to the Excess Collections Split shall be absolute and shall not be effected by any subsequent transfer or sale of the Owned Loans to GE or any other party or the transfer of servicing rights on the Owned Loans or Securitized Pools.
Wherever in paragraphs 3 and 4 of this Modified Plan Agreement there are references to servicing of the Securitized Pools, such references shall not be deemed to reference the 1997-2 securitized loan pool unless the Debtor or UDC becomes the servicer of that pool.
As to the Greenwich Collateral and the Securitized Pools, the Debtor will continue to service with the management, supervision, or consultation of UDC until confirmation of the Chapter 11 Plan ("Plan Confirmation").