Securitized Portfolio definition

Securitized Portfolio means, as of any date, all timeshare loans originated by MORI or an Affiliate and financed by any special purpose entity and which are serviced by MORI including the timeshare loans in all term issuances, all warehouse facilities (other than the Notes) and other term securitization facilities that are outstanding as of such date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Securitized Portfolio means, as of any date (including as of any prior Distribution Dates on or after April 25, 2019), all timeshare loans included in the Collateral or financed by any special purpose entity that is wholly-owned by HRC or for which HRC is acting as the sponsor (within the meaning of Regulation AB) thereof, and which satisfy each of the following three clauses: (A) originated by the Servicer or an Affiliate thereof, (B) which are serviced by the Servicer and (C) the related property for which is managed by HRC or an affiliate thereof (including the timeshare loans in all term issuances, all warehouse facilities and other term securitization facilities that are outstanding as of such date).

Securitized Portfolio means the Contracts sold by the Seller to the Borrower pursuant to the Acquisition Agreement.

Examples of Securitized Portfolio in a sentence

With respect to the Securitized Portfolio, except as set forth on Schedule D(m) all documents required by the P&S Agreements to be delivered to the Custodian have been completed and all documents required to service the Loans in the Securitized Portfolio in accordance with this Agreement and the related P&S Agreements have been delivered to the Purchaser or its designee.
Effective as of the date of execution of this Amendment and notwithstanding Section 3.04 of the Servicing Agreement or Section 12.02(a)(vi) of the Secured Loan Agreement, the Servicer shall not make Servicer Advances with respect to the Securitized Portfolio.
The Securitized Portfolio Servicing Agreement, duly executed by the Diamond Servicer.
As a result, the parties hereto agree that, upon receipt of any Prepayment Penalty from the Securitized Portfolio, the Purchaser shall remit such amount to Metwest on the Remittance Date following the calendar month in which such Prepayment Penalty was received.
Subject to the terms and provisions of this Agreement, Metwest hereby agrees to sell, transfer, assign, convey and set over to the Purchaser, as of the Purchase Date for the Securitized Portfolio, the Servicing Rights with respect to the Loans in the Securitized Portfolio, and the Purchaser hereby agrees to perform the servicing for such Loans in accordance with the terms of the related P&S Agreements.
On the Purchase Date for the Securitized Portfolio, subject to the terms and provisions of this Agreement, the Purchaser will pay to Metwest the entire Purchase Price for the Securitized Portfolio, regardless of whether the conditions set forth in this Agreement for the purchase of the Servicing Rights relating to any Pool in the Securitized Portfolio are satisfied and the related Servicing Rights are transferred on such Purchase Date.
The Purchaser and Metwest agree to enter into a Subservicing Agreement to further evidence the subservicing arrangement between Metwest and the Purchaser with respect to the Securitized Portfolio, which agreement shall satisfy the requirements of the P&S Agreements and shall be delivered by Metwest to the Trustee.
Such Purchase Price shall be payable to Metwest in immediately available funds on the Purchase Date for the Securitized Portfolio and shall represent consideration for the sale of the Servicing Rights relating to the Securitized Portfolio and for the subservicing arrangement set forth in Section 2.05 with respect to the Subservicing Portfolio.
On the Purchase Date for the Securitized Portfolio, as full consideration for Metwest's sale of the Servicing Rights for the Securitized Portfolio to the Purchaser, the Purchaser will pay to Metwest the Purchase Price for the Securitized Portfolio, which shall be payable to Metwest by wire transfer in immediately available funds.
The Securitized Portfolio does not include timeshare loans serviced by DFS or an affiliate for third parties.

More Definitions of Securitized Portfolio

Securitized Portfolio means, as of any date, (i) all timeshare loans originated by a Collection Developer, DRC or an affiliate thereof that have been transferred to a Securitized Facility, plus (ii)

Securitized Portfolio means all Eligible Automobile Receivables sold or contributed to a SPE in connection with a Permitted Securitization Transaction.

Securitized Portfolio. The Loans that are subject to a P&S Agreement as set forth on Schedule A.