Subsequent Home Loan definition

Subsequent Home Loan. A Home Loan sold by a Seller to the Issuer pursuant to Section 2.2 of the Purchase Agreement, such Home Loan being identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement, as set forth in such Subsequent Transfer Agreement.
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Subsequent Home Loan. An individual Home Loan that is conveyed to the -------------------- Issuer and pledged to the Indenture Trustee on a Subsequent Transfer Date, pursuant to a Subsequent Transfer Agreement, together with the rights and obligations of a holder thereof and payments thereon and proceeds therefrom, received on or after the applicable Cut-Off Date, which Subsequent Home Loans shall be identified on a schedule attached as an exhibit to the related Subsequent Transfer Agreement.
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Subsequent Home Loan. An individual Home Loan that is conveyed to the Issuer and pledged to the Indenture Trustee on an Advance Date, pursuant to a Subsequent Transfer Agreement, together with the rights and obligations of a holder thereof and payments thereon and proceeds received on or after the applicable Cut-Off Date, which Subsequent Home Loans shall be identified on a schedule attached as an exhibit to the related Subsequent Transfer Agreement.
Sample 1

Examples of Subsequent Home Loan in a sentence

  • The Seller hereby confirms that each of the conditions set forth in Section 2.2(b) of the Home Loan Purchase Agreement are satisfied as of the date hereof and further represents and warrants that each Subsequent Home Loan complies with the requirements of this Agreement and Section 2.2(c) of the Home Loan Purchase Agreement.

  • The Purchase Price paid for any Subsequent Home Loan by the Indenture Trustee from funds on deposit in the Pre-Funding Account, at the direction of the Issuer, shall be one-hundred percent (100%) of the Subsequent Cut-Off Date Principal Balance thereof (as identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement provided by GMACM).

  • In addition, the Affiliated Holder may, at its option, effect an early redemption of the Notes on or after any Distribution Date on which the Pool Principal Balance declines to 10% or less of the Pool Principal Balance of the Initial Home Loans and Subsequent Home Loan conveyed to the Trust as of their respective Cut-Off Dates.

  • The Purchase Price paid for any Subsequent Home Loan by the Indenture Trustee from funds on deposit in the Pre-Funding Account, at the direction of the Issuer, shall be one-hundred percent (100%) of the Subsequent Cut-Off Date Principal Balance thereof (as identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement provided by the Seller).

  • The Purchase Price paid for any Subsequent Home Loan by the Indenture Trustee from funds on deposit in the Pre-Funding Account, at the written direction of the Issuer, shall be one-hundred percent (100%) of the Subsequent Cut-Off Date Principal Balance thereof (as identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement provided by GMACM).

  • ASSUMED POOL PRINCIPAL BALANCE: With respect to any Payment Date, the sum of (i) the Initial Pool Principal Balance, (ii) the Cut-Off Date Principal Balance of each Subsequent Home Loan, and (iii) the amount, if any, on deposit in the Pre-funding Account (net of investment income).


More Definitions of Subsequent Home Loan

Subsequent Home Loan. Not applicable.
Sample 1
Subsequent Home Loan. A Home Loan sold by GMACM to the Issuer pursuant to Section 2.2 of the Purchase Agreement, such Home Loan being identified on the Home Loan Schedule attached to the related Subsequent Transfer Agreement, as set forth in such Subsequent Transfer Agreement.
Sample 1

Related to Subsequent Home Loan

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Home Loan A Mortgage Loan categorized as Home Loan pursuant to Appendix E of Standard & Poor's Glossary.

  • High-Cost Home Loan as defined in the New Mexico Home Loan Protection Act effective January 1, 2004; (iii) “High-Cost Home Mortgage Loans” as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 and (iv) “High Cost Home Loans” as defined in the Indiana Home Loan Practices Act effective January 1, 2005.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Family day home means a child day program offered in the residence of the provider or the home of any of the children in care for one through 12 children under the age of 13, exclusive of the provider's own children and any children who reside in the home, when at least one child receives care for compensation. The provider of a licensed or registered family day home shall disclose to the parents or guardians of children in their care the percentage of time per week that persons other than the provider will care for the children. Family day homes serving five through 12 children, exclusive of the provider's own children and any children who reside in the home, shall be licensed. However, no family day home shall care for more than four children under the age of two, including the provider's own children and any children who reside in the home, unless the family day home is licensed or voluntarily registered. However, a family day home where the children in care are all related to the provider by blood or marriage shall not be required to be licensed.

  • Residential mortgage loan means any loan primarily for

  • Floating home means a building on a float used in whole or in part for human habitation as a single-family dwelling, which is not designed for self-propulsion by mechanical means or for propulsion by means of wind, and which is on the property tax rolls of the county in which it is located.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Abbeyfield Home means an establishment run by the Abbeyfield Society including all bodies corporate or unincorporated which are affiliated to that society;

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

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

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.

  • Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018 and as further amended and restated on 18 _ April 2019 made between Santander UK plc (1) Abbey Covered Bonds LLP (the "LLP") (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties).

  • Retirement home means a building used for living quarters for more than seven persons who are 65 years or older;

  • Major transit investment corridor means public transit service that uses or occupies:

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Federal home loan bank means a federal home loan bank established under the federal Home Loan Bank Act, 12 U.S.C. §1421 et seq.

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

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

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

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

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.