Supplemental Loan Account definition

Supplemental Loan Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York, in trust for registered holders of CWMBS, Inc., CHL Mortgage Pass-Through Certificates, Series 2002-3." Funds in the Supplemental Loan Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Supplemental Loan Account shall be for the account of the Depositor.
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Supplemental Loan Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05(i) in the name of the Trustee for the benefit of the Certificateholders and designated “The Bank of New York in trust for registered holders of Luminent Mortgage Trust 2006-1, Mortgage Pass-Through Certificates, Series 2006-1.” Funds in the Supplemental Loan Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
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Supplemental Loan Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Group 2 and Group 3 Certificateholders and designated "The Bank of New York, in trust for registered holders of Alternative Loan Trust 2005-20CB, Mortgage Pass-Through Certificates, Series 2005-20CB, Group 2 and Group 3 Senior Certificates." Funds in the Supplemental Loan Account shall be held in trust for the Group 2 and Group 3 Senior Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Supplemental Loan Account shall be for the account of the Depositor.
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Examples of Supplemental Loan Account in a sentence

  • The Lower Tier REMIC will hold as assets all property of the Trust Fund (except for the Supplemental Loan Account and Capitalized Interest Account).

  • For federal income tax purposes, the Trust Fund, other than the Supplemental Loan Account and Capitalized Interest Account, will consist of three real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC," the "Middle Tier REMIC," and the "Master REMIC," respectively).

  • The Subsidiary REMIC will hold as assets all property of the Trust Fund (other than the Supplemental Loan Account, the Capitalized Interest Account, the Corridor Contract and the assets in the Corridor Contract Reserve Fund).

  • The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Supplemental Loan Account, the Capitalized Interest Account, the Corridor Contracts and the Corridor Contract Reserve Fund).

  • For federal income tax purposes, the Trust Fund, other than the Supplemental Loan Account and Capitalized Interest Account, will consist of two real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Lower Tier REMIC" and the "Upper Tier REMIC").

  • The Subsidiary REMIC will hold as assets all property of the Trust Fund other than the Supplemental Loan Account and the Capitalized Interest Account.

  • For federal income tax purposes, the Trust Fund (other than the Supplemental Loan Account and the Capitalized Interest Account) will consist of two real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Subsidiary REMIC," and the "Master REMIC," respectively).

  • Supplemental Loan Account; Capitalized Interest Account; Corridor Contract Reserve Fund.........................................................................III-3 SECTION 3.06.

  • For federal income tax purposes, the Trust Fund (other than the Supplemental Loan Account, the Capitalized Interest Account, the Corridor Contract and the assets in the Corridor Contract Reserve Fund) will consist of two real estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Subsidiary REMIC" and the "Master REMIC," respectively).

  • The Lower Tier REMIC will hold as assets all property of the Trust Fund (other than the Supplemental Loan Account and Capitalized Interest Account).


More Definitions of Supplemental Loan Account

Supplemental Loan Account. Conveyance Period," "Conveyance Period Distribution Date," "Supplemental Mortgage Loan," "Subsequent Transfer Agreement," "Subsequent Transfer Date" and "Capitalized Interest Account" shall be of no force or effect as they relate to such loan group and all provisions in this Agreement related to those terms shall similarly be of no force or effect as they relate to such loan group.
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Supplemental Loan Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York, in trust for registered holders of CHL Mortgage Pass-Through Trust 2003-7, Mortgage Pass-Through Certificates, Series 2003-7." Funds in the Supplemental Loan Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Supplemental Loan Account shall be for the account of the Depositor. Supplemental Mortgage Loan: Any Mortgage Loan other than an Initial Mortgage Loan conveyed to the Trust Fund pursuant to Section 2.01 hereof and to a Supplemental Transfer Agreement, which Mortgage Loan shall be listed on the revised Mortgage Loan Schedule delivered pursuant to this Agreement and on Schedule A to such Supplemental Transfer Agreement. When used with respect to a single Supplemental Transfer Date, Supplemental Mortgage Loan shall mean a Supplemental Mortgage Loan conveyed to the Trust Fund on that Supplemental Transfer Date.
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Supplemental Loan Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Certificateholders
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Related to Supplemental Loan Account

  • Supplemental Loan means any loan that is subordinate to the Senior Indebtedness.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Loan Account has the meaning set forth in Section 2.10.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Original Loan Agreement has the meaning set forth in the Recitals.

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • New Lender Supplement as defined in Section 2.1(c).

  • Mortgage Loan Agreement means the Loan Agreement, dated as of June 17, 2022, between the Mortgage Loan Borrower, as borrower, and Xxxxx Fargo Bank, National Association, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Bridge Loan Agreement means the 364-day Bridge Loan Agreement dated as of April 3, 2012, as amended, restated, supplemented or otherwise modified, among the Company, the lenders party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent.