The Indenture Trustee. The Chase Manhattan Bank 000 X. 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Structured Finance Services, IMC 1998-7 Tel: (000) 000-0000 Fax: (000) 000-0000 The Depositor: IMC Securities, Inc. 0000 Xxxx Xxxxxx Xxxxxx Tampa, Florida 33617-2362 Tel: (000) 000-0000 Fax: (000) 000-0000 The Issuer: IMC Home Equity Loan Owner Trust 1998-7 c/o Wilmington Trust Company, as Owner Trustee 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxx 00000 Attention: Corporate Trust Administration Tel: (000) 000-0000 Fax: (000) 000-0000 The Seller: IMC Mortgage Company 0000 Xxxx Xxxxxx Xxxxxx Tampa, FL 33617-2362 Tel: (000) 000-0000 Fax: (000) 000-0000 The Servicer: Ocwen Federal Bank FSB 0000 Xxxx Xxxxx Xxxxx Xxxxxxxxx Xxxxx 0000 Xxxx Xxxx Xxxxx, Xxxxxxx 00000 Attention: Secretary Tel: (000) 000-0000 Fax: (000) 000-0000 The Note Insurer: Financial Security Assurance Inc. 000 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Surveillance Department Re: IMC Home Equity Loan Owner Trust 1998-7 Tel: (000) 000-0000 Fax: (000) 000-0000
The Indenture Trustee has a first priority perfected Security Interest in the Collateral, subject to the effect of Section 9-315 of the UCC with respect to collections on the Mortgage Loans that are deposited in the Collection Account in accordance with the next to last paragraph of Section 3.02(b), and if this Agreement constitutes the Grant of a Security Interest in the property described in clause (A) above to the Trust, the Trust has a first priority perfected Security Interest in the property, subject to the same limitations. This Security Interest is enforceable as such against creditors of and purchasers from the Trust, the Depositor, and the Sponsor.
The Indenture Trustee shall have no responsibility for filing any Financing or Continuation Statement in any public office at any time or otherwise to perfect or maintain the perfection of any Security Interest or lien granted to it under this Indenture or to prepare or file any Commission filing for the Trust or to record this Indenture.
Examples of The Indenture Trustee in a sentence
The Indenture Trustee shall apply all such money received by it as provided in this Indenture.
The Indenture Trustee need not investigate any fact or matter stated in the document.
The Indenture Trustee may destroy any list furnished to it as provided in such Section 7.01 upon receipt of a new list so furnished.
The Indenture Trustee may, but shall not be obligated to, enter into any such supplemental indenture that affects the Indenture Trustee’s own rights, duties, liabilities or immunities under this Indenture or otherwise.
The Indenture Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b).
More Definitions of The Indenture Trustee
The Indenture Trustee shall prepare (in a manner consistent with the treatment of the Notes as indebtedness of the Transferor, or as may be otherwise required by Section 3.14) Internal Revenue Service Form 1099 (or any successor form) and any other tax forms required to be filed or furnished to Noteholders for payments by the Indenture Trustee (or the Paying Agent) on the Notes and shall file and distribute such forms as required by law.
The Indenture Trustee. The Chase Manhattan Bank 450 X. 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Advanced Structured Products Group (212) 000-0000 (212) 000-0000 - Xax The Depositor: IMC Securities, Inc. 5901 Xxxx Xxxxxx Xxxxxx Tampa, FL 33617-2362 (813) 000-0000 (813) 000-0000 - Xax The Issuer: IMC Home Equity Loan Owner Trust 1997-6 c/o Wilmington Trust Company, as Owner Trustee 1100 Xxxxx Xxxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxx 00000 Attention: Corporate Trust Administration Tel: (302) Fax: (302) The Servicer and Seller: IMC Mortgage Company 5901 Xxxx Xxxxxx Xxxxxx Tampa, FL 33617-2362 (813) 000-0000 (813) 000-0000 - Xax The Note Insurer: Financial Security Assurance Inc. 350 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Surveillance Department Re: IMC Home Equity Loan Owner Trust 1997-6 Tel: (212) 000-0000 Fax: (212) 000-0000 The Underwriters PaineWebber Incorporated 1285 Avenue of the Amerxxxx 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Barbxxx Xxxxxx (xx: John Xxxxxx) Tel: (212) 000-0000 Fax: (212) 000-0000 72 77 Bear, Steaxxx & Xo. Inc. 245 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Asset-Backed Securities Tel: (212) 000-0000 Fax: (212) 000-0000 Nomura Securities International, Inc. Two World Financial Centxx Xxxxxxxx X, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Attention: Fixed Income Structured Finance Group Tel: (212) 000-0000 Fax: (212) 000-0000 Moody's: Moodx'x Xxxestors Service, Inc. 99 Cxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: The Residential Mortgage Monitoring Department Tel: (212) 000-0000 Fax: (212) 000-0000 Standard & Poor's: Standard & Poor's Ratings Services, a division of the McGrxx-Xxxx Xxxpanies 26 Bxxxxxxx 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Residential Mortgage Group Tel: (212) 000-0000 Fax: (212) 000-0000
The Indenture Trustee. The Bank of New York Xxx Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Corporate Trust Administration Telecopy No.: Confirmation No.: A party may specify an additional or different address or addresses by writing mailed or delivered to the other parties as aforesaid. All such notices and other communications shall be effective upon receipt.
The Indenture Trustee shall furnish the Rating Agencies and the Note Insurer notice of any such redemption in accordance with Section 10.02 hereof.
The Indenture Trustee shall make or permit withdrawals from the Reserve Account only as provided in this Indenture in amounts specified in a written direction of the Servicer. On the Closing Date, the Indenture Trustee shall deposit from the proceeds of the sale of the Notes, the Initial Reserve Account Deposit into the Reserve Account. In addition, on or prior to each Payment Date, all Reserve Account Earnings shall be deposited in the Reserve Account prior to making any withdrawals from the Reserve Account on each Payment Date.
The Indenture Trustee shall notify the Person in whose name a Bond is registered at the close of business on the Record Date preceding the Distribution Date on which the Issuer expects the final installment of principal of and interest on such Bond to be paid. Such notice shall be mailed no later than five days prior to such final Distribution Date and shall specify that such final installment will be payable only upon presentation and surrender of such Bond and shall specify the place where such Bond may be presented and surrendered for payment of such installment. Notices in connection with redemptions of Bonds shall be mailed to Bondholders as provided in Section 10.02
The Indenture Trustee shall, promptly upon receipt, deposit in the related Interest Coverage Account and retain therein the related Interest Coverage Amount remitted on the Closing Date or any Subsequent Transfer Date to the Indenture Trustee by the Seller. Funds deposited in the related Interest Coverage Account shall be held in trust by the Indenture Trustee for the Noteholders for the uses and purposes set forth herein. For federal income tax purposes, the Seller shall be the owner of the related Interest Coverage Account and shall report all items of income, deduction, gain or loss arising therefrom. All income and gain realized from investment of funds deposited in each Interest Coverage Account shall be for the sole and exclusive benefit of the Seller and shall be remitted by the Indenture Trustee to the Seller on the first Business Day following each Payment Date. The Seller shall deposit in the related Interest Coverage Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss.