Common use of The Offered Securities Clause in Contracts

The Offered Securities. The Depositor proposes to cause the Trustee to sell, pursuant to the Underwriting Agreement to the Underwriter or Underwriters named therein, asset backed certificates (the "Offered Securities") representing undivided ownership interests in a pool of mortgage loans (the "Mortgage Loans") and certain related property. The Offered Securities will be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement") dated as of September 1, 2000 among the Trustee, First Union National Bank, as Certificate administrator (the "Certificate Administrator") and The Chase Manhattan Bank, a New York banking corporation, as trustee (the "Trustee") and NovaStar Mortgage, Inc., as servicer (the "Servicer"). The underlying loans were originated or acquired by NovaStar Mortgage, Inc. ("NMI", in its capacity as seller, the "Seller", and in its capacity as servicer, the "Servicer"). The Seller has conveyed its interest in the Mortgage Loans to NovaStar Mortgage Funding Corporation III, a special purpose corporation and a wholly-owned subsidiary of the Seller (the "Transferor"). The Transferor, in turn, will convey the Mortgage Loans to the Depositor pursuant to a purchase agreement (the "Purchase Agreement") which will in turn convey the Mortgage Loans to the Trustee pursuant to the Pooling and Servicing Agreement. The Mortgage Loans are to be serviced pursuant to the Pooling and Servicing Agreement.

The Offered Securities. The Depositor proposes to cause the Trustee to sell, pursuant to the Underwriting Agreement to the Underwriter or Underwriters named therein, asset backed certificates (the "Offered Securities") representing undivided ownership interests in a pool of mortgage loans (the "Mortgage Loans") and certain related property. The Offered Securities will be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement") dated as of September November 1, 2000 among the TrusteeDepositor, First Union National Bank, as Certificate administrator (the "Certificate Administrator") and The Chase Manhattan Bank, a New York banking corporation, as trustee (the "Trustee") ), Credit-Based Asset Servicing and NovaStar MortgageSecuritization LLC, Inc.as seller and ▇▇▇▇▇▇ Loan Servicing, LP, as servicer (the "Servicer"). The underlying loans were originated or acquired by NovaStar Mortgage, Inc. Credit-Based Asset Servicing and Securitization LLC ("NMI", in its capacity as seller, the "Seller", and in its capacity as servicer, the "Servicer"). The Seller has conveyed its interest in the Mortgage Loans to NovaStar Mortgage Funding Corporation III, a special purpose corporation and a wholly-owned subsidiary of the Seller (the "Transferor"). The Transferor, in turn, will convey the Mortgage Loans to the Depositor pursuant to a purchase agreement (the "Purchase Agreement") which will in turn convey the Mortgage Loans to the Trustee pursuant to the Pooling and Servicing Agreement. The Mortgage Loans are to be serviced pursuant to the Pooling and Servicing Agreement.

The Offered Securities. The Depositor proposes to cause the Trustee to sell, pursuant to the Underwriting Agreement to the Underwriter or Underwriters named therein, asset backed certificates (the "Offered Securities") representing undivided ownership interests in a pool of mortgage loans (the "Mortgage Loans") and certain related property. The Offered Securities will be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement") dated as of September March 1, 2000 among the Trustee, First Union National Bank, as Certificate administrator (the "Certificate Administrator") and The Chase Manhattan Bank, a New York banking corporation, as trustee (the "Trustee") and NovaStar Mortgage, Inc., as servicer (the "Servicer"). The underlying loans were originated or acquired by NovaStar Mortgage, Inc. ("NMI", in its capacity as seller, the "Seller", and in its capacity as servicer, the "Servicer"). The Seller has conveyed its interest in the Mortgage Loans to NovaStar Mortgage Funding Corporation III, a special purpose corporation and a wholly-owned subsidiary of the Seller (the "Transferor"). The Transferor, in turn, will convey the Mortgage Loans to the Depositor pursuant to a purchase agreement (the "Purchase Agreement") which will in turn convey the Mortgage Loans to the Trustee pursuant to the Pooling and Servicing Agreement. The Mortgage Loans are to be serviced pursuant to the Pooling and Servicing Agreement.

The Offered Securities. The Depositor proposes to cause the Trustee to sell, pursuant to the Underwriting Agreement to the Underwriter or Underwriters named therein, asset backed certificates (the "Offered Securities") representing undivided ownership interests in a pool of mortgage loans (the "Mortgage Loans") and certain related property. The Offered Securities will be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement") dated as of September August 1, 2000 2001 among the TrusteeDepositor, First Union National Bank, as Certificate administrator (the "Certificate Administrator") and The Chase Manhattan Bank, a New York banking corporation, as trustee (the "Trustee") ), Credit-Based Asset Servicing and NovaStar MortgageSecuritization LLC, Inc.as seller, and Litton Loan Servicing, LP, as servicer (the "Servicer"). The underlying und▇▇▇▇▇▇g loans were originated or acquired by NovaStar Mortgage, Inc. Credit-Based Asset Servicing and Securitization LLC ("NMI", in its capacity as seller, the "Seller", and in its capacity as servicer, the "Servicer"). The Seller has conveyed its interest in the Mortgage Loans to NovaStar Mortgage Funding Corporation III, a special purpose corporation and a wholly-owned subsidiary of the Seller (the "Transferor"). The Transferor, in turn, will convey the Mortgage Loans to the Depositor pursuant to a purchase agreement (the "Purchase Agreement") which will in turn convey the Mortgage Loans to the Trustee pursuant to the Pooling and Servicing Agreement. The Mortgage Loans are to be serviced pursuant to the Pooling and Servicing Agreement.

The Offered Securities. The Depositor proposes to cause the Trustee Issuer to sell, pursuant to the Underwriting Agreement to the Underwriter or Underwriters named therein, asset backed certificates bonds (the "Offered Securities") representing undivided ownership interests in obligations of the Issuer, which obligations are secured by a pool pledge of mortgage loans (the "Mortgage Loans") and certain related property. The Offered Securities will be issued pursuant to a pooling and servicing agreement an indenture (the "Pooling and Servicing AgreementIndenture") dated as of September January 1, 2000 1999 among the TrusteeIssuer, First Union National Bank, as Certificate trust administrator (the "Certificate Trust Administrator") and The Chase Manhattan Bank, a New York banking corporation, as indenture trustee (the "Indenture Trustee") and NovaStar Mortgage, Inc., as servicer (the "Servicer"). The underlying loans were originated or acquired by NovaStar Mortgage, Inc. ("NMI", in its capacity as seller, the "Seller", and in its capacity as servicer, the "Servicer"). The Seller has conveyed its interest in the Mortgage Loans to NovaStar Mortgage Funding Corporation IIIII, a special purpose corporation and a wholly-owned subsidiary of the Seller (the "Transferor"). The Transferor, in turn, will convey the Mortgage Loans to the Depositor pursuant to a purchase agreement (the "Purchase Agreement") which will in turn convey the Mortgage Loans to the Trustee Issuer pursuant to the Pooling and Servicing Purchase Agreement. The Mortgage Loans are to be serviced pursuant to a Servicing Agreement dated as of January 1, 1999, by and among the Pooling Issuer, NMI and Servicing Agreementthe Indenture Trustee.