Trailing Documents definition

Trailing Documents shall have the meaning specified in Section 1.1(c) of the Custodial Agreement.
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Trailing Documents. Mortgage Loan Documents that are required by an Investor pursuant to Applicable Requirements to be part of the Collateral File that, as of the time of reference, are (i) in the custody of counsel in accordance with Applicable Requirements or (ii) have been submitted for recording and have not yet been returned by the applicable recording office.
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Trailing Documents. Those documents that are unavailable to Seller on the applicable Transfer Date as a result of the transactions described herein (but not as a result of the acts or omissions of Seller or any Originator or Prior Servicer), such as recorded Mortgage Instruments, recorded Assignments of Mortgage Instruments, government insurance certificates and title policies, which have not yet been received back from the appropriate recording office or Insurer.
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Examples of Trailing Documents in a sentence

  • The monthly Borrowing Base Certificate delivered pursuant to Section 6.1(d)(v) shall specifically exclude from eligibility those Notes Receivable for which the documents described in subsections (a), (b), (c) or (d) above have not been delivered to the Custodial Agent on or prior to the expiration of the applicable Trailing Documents Delivery Date.

  • On or before the expiration of the Trailing Documents Delivery Date as to a particular Advance, Borrower will deliver to the Custodial Agent the Confirmation of Recording from Resort Title Agency, Inc., as agent for the Title Insurer, with respect to the Purchaser Mortgages against which Lender made the subject Advance.

  • On or before the expiration of the Trailing Documents Delivery Date as to a particular Advance, Borrower will deliver to the Custodial Agent a copy of the original fully executed, acknowledged and recorded Purchaser Mortgage securing the Notes Receivable against which Lender made the subject Advance.

  • In the event as to a particular Note Receivable, the documents described in subsections (a), (b), (c) or (d) above are not delivered to the Custodial Agent prior to the expiration of the applicable Trailing Documents Delivery Date, then that Note Receivable shall no longer be deemed an Eligible Note Receivable and if a Borrowing Base Shortfall occurs as a result of such ineligibility, the provisions of Section 2.7(c) shall be applicable.

  • On or before the expiration of the Trailing Documents Delivery Date as to a particular Advance, Borrower will deliver to the Custodial Agent a copy of the original recorded Assignment for such Advance substantially in the form and substance of Exhibits ▇-▇, ▇-▇ and A-3 (attached hereto), as to each of the Timeshare Projects, respectively, assigning to Lender the Notes Receivable and Purchaser Mortgages against which Lender made the subject Advance.

  • On or before the expiration of the Trailing Documents Delivery Date as to a particular Advance, Borrower will deliver to the Custodial Agent the Title Policies with respect to the Purchaser Mortgages which are the subject of such Advance, which policies are to be endorsed in the manner specified in the Confirmation of Recording and otherwise in the form attached hereto as Exhibits ▇-▇, ▇-▇, and D-3, as to each of the Timeshare Projects, respectively.

  • For each Mortgage Loan containing Seriously Delinquent Trailing Documents, MLCC shall pay Cendant a fee of $[* * *] per Mortgage Loan, plus [* * *].

  • Upon Trustee’s receipt of additional Loan Assignment Documents or Trailing Documents, the Trustee shall update the applicable Mortgage Loan Checklist or Participation Asset Checklist and shall send such updated Mortgage Loan Checklist or Participation Asset Checklist within one (1) Business Day following Trustee’s receipt of the additional Loan Assignment Documents or Trailing Documents, as applicable.

  • On or before the expiration of the Trailing Documents Delivery Date as to a particular Advance, Borrower will deliver to the Custodial Agent a copy of the original recorded Assignment for such Advance substantially in the form and substance of Exhibits ▇-▇, ▇-▇ and A-3 (attached hereto), as to the Big Cedar Project, the Long Creek Project and the Paradise Point Project, respectively, assigning to Lender the Notes Receivable and Purchaser Mortgages against which Lender made the subject Advance.

  • Following such periods, Purchaser shall offer to provide assistance with Seller's obligations with respect to any remaining Trailing Documents on an hourly rate basis under "Miscellaneous Support" below.


More Definitions of Trailing Documents

Trailing Documents means any document identified above in subpart (b), (c), (d), (e), (f), (m), (n), (q), or (r) of the definition of Bulk Sale Mortgage File that has not been delivered within 120 days of the related Closing Date, unless such delivery was not completed within 120 days of the related Closing Date solely due to delays in making such delivery by reason of the fact that such documents shall not have been returned by the appropriate recording office.
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Trailing Documents. Mortgage Loan Documents that are required by an Investor pursuant to Applicable Requirements to be part of the Collateral File that, as of the time of reference, (i) are in the custody of Seller’s counsel in accordance with Applicable Requirements or (ii) have been submitted for recording and have not yet been returned to Seller by the applicable recording office.
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Trailing Documents shall have the meaning specified in Section 1.1(c) of the Custodial Agreement. “Transaction Documents” shall mean the Indenture, the Custodial Agreement, the Purchase Agreements, the Sale Agreement, the Trust Agreement, the Administration Agreement, the Seller Undertaking Agreement, the Servicer Undertaking Agreement, the Note Purchase Agreement and all other agreements, documents or instruments delivered in connection with the transactions contemplated thereby. “Transfer Date” shall mean with respect to (i) a Subsequent Timeshare Loan, the date during the Prefunding Period on which the Issuer purchases such Subsequent Timeshare Loan from the Seller and pledges such Timeshare Loan to the Indenture Trustee to be included as part of the Trust Estate, and (ii) a Qualified Substitute Timeshare Loan, the date on which the Seller substitutes a Timeshare Loan in accordance with the Sale Agreement and Section 4.04 of the Indenture. “Transferors” shall mean Diamond Resorts Issuer 2008 LLC and Diamond Resorts Finance Holding Company. “Transition Expenses” means any documented costs and expenses (other than general overhead expenses) incurred by the Back-Up Servicer should it become the Successor Servicer as a direct consequence of the termination or resignation of the initial Servicer and the transition of the duties and obligations of the initial Servicer to the Successor Servicer. “Trust Accounts” shall mean collectively, the Collection Account, the Reserve Account, the Prefunding Account and the Capitalized Interest Account and such other accounts established by the Indenture Trustee pursuant to Section 3.02 of the Indenture. “Trust Agreement” shall mean that certain trust agreement, dated as of October 30, 2013 and amended and restated as of the Closing Date, by and between the Owner and the Owner Trustee. “Trust Estate” shall have the meaning specified in the Granting Clause of the Indenture. “Unit” shall mean a residential unit or dwelling at a Resort. “USAP” shall have the meaning specified in Section 5.05(c) of the Indenture. “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.
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Related to Trailing Documents

  • Operating Documents are, for any Person, such Person’s formation documents, as certified by the Secretary of State (or equivalent agency) of such Person’s jurisdiction of organization on a date that is no earlier than thirty (30) days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto.

  • Supporting Documents means all documents and information reasonably requested by the Bank in connection with the opening and operation of any Account, the execution of any Transaction and the provision of any Related Service, including:

  • Debt Financing Documents means any credit agreements, note purchase agreements, indentures, guarantees, pledge and security documents, definitive financing documents, agreements, schedules or other certificates or documents contemplated by the Debt Financing.

  • Bidding Documents means all documents provided to the interested bidders to facilitate them in preparation of their bids in uniform manner;

  • Closing Documents means the papers, instruments and documents required to be executed and delivered at the Closing pursuant to this Agreement;