Examples of Initial Home Equity Loans in a sentence
The transfer by the Seller and the Depositor of the Initial Home Equity Loans set forth on the Schedule of Home Equity Loans to the Trustee is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Seller and the Depositor.
The Schedule of Initial Home Equity Loans is attached to this Receipt.
The transfer by the Seller to the Depositor, and the transfer by the Depositor to the Trust, of the Initial Home Equity Loans set forth on the Schedule of Home Equity Loans is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Seller to the Depositor and a sale by the Depositor to the Trust.
In connection with the sale, transfer, assignment, and conveyance from the Seller to the Depositor, the Seller has filed, in the appropriate office or offices in the State of Florida, a UCC-1 financing statement executed by the Seller as debtor, naming the Depositor as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans and the other property described above as collateral.
In connection with the sale, transfer, assignment, and conveyance from the Depositor to the Issuer, the Depositor has filed, in the appropriate office or offices in the States of Delaware and Florida a UCC-1 financing statement executed by the Depositor as debtor, naming the Issuer as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans and the other property described above as collateral.
In connection with the sale, transfer, assignment, and conveyance from the Seller to the Depositor, the Seller has filed, in the appropriate office or offices in the States of Delaware and Florida, a UCC-1 financing statement executed by the Seller as debtor, naming the Depositor as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans, and the other property described above as collateral.
In connection with such sale, transfer, assignment, and conveyance from the Depositor to the Trustee, the Depositor has filed, in the appropriate office or offices in the States of Delaware and Florida a UCC-1 financing statement executed by the Depositor as debtor, naming the Trustee as secured party and listing the Initial Home Equity Loans, the Subsequent Home Equity Loans and the other property described above as collateral.
Concurrently with the acquisition of the Initial Home Equity Loans by the Trust, the Owner Trustee shall cause the Certificates in an initial Certificate Percentage Interest of 100.00% to be executed on behalf of the Trust, authenticated and delivered to or upon the written order of the Depositor, signed by its chairman of the board, its president or any vice president, without further corporate action by the Depositor, in authorized denominations.
The transfer by the Seller to the Depositor and by the Depositor to the Issuer of the Initial Home Equity Loans set forth on the Schedule of Home Equity Loans to the Issuer is absolute and is intended by all parties hereto to be treated as a sale by the Seller to the Depositor and by the Depositor to the Issuer.
Redemption Date: The Redemption Date is the first Monthly Remittance Date on which the aggregate Loan Balance of the Home Equity Loans has declined to less than 10% of the sum of (x) the aggregate Loan Balance of the Initial Home Equity Loans as of the Cut-Off Date and (y) the original Prefunded Amount.