Home Equity Loan Schedule. As to any date, the schedule of Home Equity Loans, including any Eligible Substitute Home Equity Loans, included in the Trust on such date. The initial Home Equity Loan Schedule is the schedule delivered by the Depositor to the Indenture Trustee on the Closing Date and delivered as Exhibit A hereto, which schedule may be in the form of a computer file or an electronic or magnetic tape and sets forth as to each Home Equity Loan (i) the account number, (ii) the Cut-Off Date Principal Balance, (iii) the Loan Rate, (iv) the lien position of the related Mortgage and (v) the CLTV. The Home Equity Loan Schedule will be amended from time to time to reflect the removal of Home Equity Loans and the addition of any Eligible Substitute Home Equity Loans to the Trust, and when so amended shall include the information set forth above with respect to each Eligible Substitute Home Equity Loan as of its related date of substitution.
Home Equity Loan Schedule means the listing of the Home Equity Loans set forth in Schedule B, as supplemented as of any date on which a Defective Home Equity Loan has been repurchased from the Trust or substituted with an Eligible Substitute Home Equity Loan pursuant to the Sale and Servicing Agreement.
Home Equity Loan Schedule. The initial schedule of Home Equity Loans as of the Cut-off Date set forth in Exhibit A of the Servicing Agreement, which schedule sets forth as to each Home Equity Loan (as applicable) (i) the Cut-off Date Loan Balance ("Principal Bal"), (ii) the Credit Limit, (iii) the Gross Margin ("Margin"), (iv) the Maximum Rate ("Ceiling"), if any, (v) the lien position of the related Mortgaged Property, (vi) the Depositor's Home Equity Loan identifying number, (vii) the Subservicer's Home Equity Loan identifying number (viii) the city, state and zip code of the Mortgaged Property, (ix) a code indicating whether the Mortgaged Property is owner-occupied, (x) the type of residential dwelling constituting the Mortgaged Property, (xi) the original number of months to maturity, (xii) the remaining number of months to maturity from the Cut-off Date, (xiii) as to any first lien Home Equity Loan, the Loan-to-Value Ratio at origination and as to any second lien Home Equity Loan, the Combined Loan-to-Value Ratio at origination of such second lien Home Equity Loan, (xiv) the Loan Rate in effect as of the Cut-off Date, (xv) the stated maturity date, (xvi) the prior encumbrance principal balance (denoted as "Senior Lien" on the Home Equity Loan Schedule), if any, (xvii) the Credit Score, (xviii) the Mortgagor's debt-to-income ratio, (xix) a code indicating the product type, (xx) a code indicating the purpose of the Home Equity Loan, (xxi) the Mortgage Note date, (xxii) the teaser expiration date, and (xxiii) the Appraised Value.
Examples of Home Equity Loan Schedule in a sentence
The Master Servicer shall amend or cause to be amended the Home Equity Loan Schedule to reflect the removal of such Home Equity Loan and the substitution of the Eligible Substitute Loans and the Master Servicer shall promptly deliver the amended Home Equity Loan Schedule to the Owner Trustee and the Indenture Trustee.
In connection with such registration statement and related prospectus, the Seller shall provide the Purchaser with an updated Home Equity Loan Schedule and all other information reasonably necessary to assure that the statements in the prospectus with respect to the Home Equity Loans and the Seller (including in its capacity as servicer of the Home Equity Loans) are complete and correct in all material respects as of the date of sale of such Capped Funding Notes by the Seller.
The Servicer shall amend or cause to be amended the Home Equity Loan Schedule to reflect the removal of such Home Equity Loan and the substitution of the Eligible Substitute Loans and the Servicer shall promptly deliver the amended Home Equity Loan Schedule to the Owner Trustee and Indenture Trustee together with a separate list of any Home Equity Loans so removed.
Such of the home equity loans (together with the related Mortgage Notes and Mortgages) transferred and assigned to the Trust pursuant to Section 2.01 and pursuant to the Transfer Agreement together with the Related Documents, as from time to time are held as a part of the Trust, the home equity loans originally so held being identified in the Home Equity Loan Schedule delivered on the Closing Date.
If the Depositor or its designee makes such examination prior to the Closing Date and identifies any Initial Home Equity Loans that do not conform to the requirements of the Depositor as described in this Agreement, such Home Equity Loans shall be deleted from the Home Equity Loan Schedule and may be replaced, prior to the Closing Date by substitute Home Equity Loans acceptable to the Depositor.
More Definitions of Home Equity Loan Schedule
Home Equity Loan Schedule means the listing of the Home Equity Loans set forth in Schedule A, as supplemented as of any date on which a Defective Home Equity Loan has been repurchased from the Trust or substituted with an Eligible Substitute Home Equity Loan pursuant to the Sale and Servicing Agreement.
Home Equity Loan Schedule. As to any date, the schedule of Home Equity Loans, including any Eligible Substitute Home Equity Loans, included in the Trust on such date. The initial Home Equity Loan Schedule is the schedule delivered by the Depositor to the Trustee on the Closing Date and attached hereto as Exhibit D, which schedule sets forth as to each Home Equity Loan (i) the account number, (ii) the Cut-Off Date Principal Balance, (iii) the Loan Rate, (iv) the lien position of the related Mortgage and (v) the CLTV. The Home Equity Loan Schedule will be amended from time to time to reflect the removal of Home Equity Loans and the addition of any Eligible Substitute Home Equity Loans to the Trust, and when so amended shall include the information set forth above with respect to each Eligible Substitute Home Equity Loan as of its related date of substitution.
Home Equity Loan Schedule shall have the meaning ascribed thereto in Section 2.01 (b).
Home Equity Loan Schedule. As of any date, the schedule of Home Equity Loans included in the Trust Fund on such date. The initial schedule of Home Equity Loans as of the Cut-off Date is the magnetic tape delivered to the Trustee by the Depositor on the Closing Date setting forth as to each Home Equity Loan (a) the Cut-off Date Trust Balance, (b) the Credit Limit, (c) the dates upon which any outstanding Loan Balance is due and payable pursuant to the amortization schedule in effect at the Closing Date, (d) the margin over the related index that is applicable to the setting of the Loan Rate, (e) the applicable maximum Loan Rate and minimum Loan Rate, if any, (f) the monthly billing cycle for such Home Equity Loan and (g) the billing name and address of the Mortgagor.
Home Equity Loan Schedule means with respect to any date, the schedule of Home Equity Loans included in the Trust on such date. The initial schedule of Home Equity Loans as of the Cutoff Date is the schedule set forth herein as Exhibit A, which schedule sets forth as to each Home Equity Loan (i) the Cut-Off Date Principal Balance, (ii) the account number, (iii) the original principal amount, (iv) the Loan-to-Value Ratio as of the date of the origination of the related Home Equity Loan, (v) the Due Date, (vi) the current Mortgage Rate, (vii) the first date on which a Monthly Payment is due under the Mortgage Note, (viii) the original stated maturity date of the Mortgage Note, (ix) the remaining number of months to maturity as of the Cutoff Date, (x) the State in which the related Mortgaged Property is situated, (xi) the type of property, (xii) the lien status, (xiii) a code indicating whether the Home Equity Loan is an ARM, and (xiv) for each ARM, the Gross Margin and the Mortgage Rate at origination.
Home Equity Loan Schedule. As of any date, the list of Home Equity Loans included in REMIC I on such date, attached hereto as Schedule 1. The Home Equity Loan Schedule shall set forth the following information with respect to each Home Equity Loan:
Home Equity Loan Schedule. With respect to any date, the schedule of Home Equity Loans, including any Eligible Substitute Home Equity Loans, included in the Trust on such date. The initial Home Equity Loan Schedule is the schedule delivered by the Depositor to the Trustee on the Closing Date and delivered as Exhibit C hereto, which schedule may be in the form of a computer file or an electronic or magnetic tape and sets forth as to each Home Equity Loan (i) the account number, (ii) the Cut-Off Date Principal Balance, (iii) the Loan Rate, (iv) the lien position of the related Mortgage and (v) the LTV. The Home Equity Loan Schedule shall be amended from time to time to reflect the removal of Home Equity Loans and the addition of any Eligible Substitute Home Equity Loans to the Trust, and when so amended shall include the information set forth above with respect to each Eligible Substitute Home Equity Loan as of its related date of substitution. HSBC Finance: HSBC Finance Corporation, a Delaware corporation, and its successors. Insurance Proceeds: Proceeds received prior to or in connection with a Final Recovery Determination paid by any insurer pursuant to any insurance policy covering a Home Equity Loan, or by the Servicer pursuant to the last sentence of Section 3.04, net of any component thereof covering any expenses incurred by or on behalf of the Servicer in connection with obtaining such Insurance Proceeds and exclusive of any portion thereof that is applied to the restoration or repair of the related Mortgaged Property, released to the Mortgagor in accordance with the Servicer’s normal servicing procedures or required to be paid to any holder of a mortgage senior to such Home Equity Loan.