Description of the Collateral Clause Samples
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Description of the Collateral. SUMMARY TOTAL MINIMUM MAXIMUM ----- ------- ------- CUT-OFF DATE AGGREGATE PRINCIPAL BALANCE $578,621,725.65 NUMBER OF LOANS 5,477 AVERAGE ORIGINAL LOAN BALANCE $ 105,782.85 $ $ 15,400.00 750,000.00 AVERAGE CUT-OFF LOAN BALANCE $ $ $ 105,645.74 15,385.58 747,810.75 WEIGHTED AVERAGE ORIGINAL LTV 77.68% 10.00% 90.02% WEIGHTED AVERAGE GROSS COUPON 9.89% 5.75% 14.25% WEIGHTED AVERAGE REMAINING TERM TO MATURITY 357.60 177 360 (MONTHS) WEIGHTED AVERAGE ORIGINAL TERM (MONTHS) 359.71 180 360 WEIGHTED AVERAGE GROSS MARGIN 6.72% 2.25%* 8.50% WEIGHTED AVERAGE GROSS LIFETIME CAP 16.39% 12.25%* 23.25% WEIGHTED AVERAGE GROSS LIFETIME FLOOR 9.89% 5.75% 14.25% WEIGHTED AVERAGE PERIODIC CAP 1.00% 1.00% 1.00% WEIGHTED AVERAGE FIRST ADJUSTMENT CAP 2.65% 1.00% 3.00% -------------------------------------------------------------------------------------------------------------------------------- PERCENT OF CUT-OFF DATE RANGE PRINCIPAL BALANCE ----- ----------------- LEVEL PAY MORTGAGE LOANS 100.00% INDEX TYPE 6 MONTH LIBOR 100.00% LIEN POSITION FIRST 100.00% CREDIT GRADE A 0.16% A- 56.05% B 29.11% C 10.81% D 3.87% -------------------------------------------------------------------------------- *WEIGHTED AVERAGE GROSS MARGINS MINIMUMS AND WEIGHTED AVERAGE GROSS LIFETIME CAP MINIMUMS DO NOT INCLUDE ZERO PERCENTS. NationsBanc ▇▇▇▇▇▇▇▇▇▇ Securities LLC -------------------------------------------------------------------------------- This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information and NationsBanc ▇▇▇▇▇▇▇▇▇▇ Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumption...
Description of the Collateral. For purposes of this Agreement, “Collateral” shall mean, collectively, the Borrower Collateral, the ▇▇▇▇▇ Collateral and, upon the NewCo Joinder, the NewCo Collateral (each as defined below).
Description of the Collateral. The term “
Description of the Collateral. Debtor has assigned and granted to Secured Party, and hereby does assign and grant to Secured Party, security interests in the following, whether now existing or hereafter arising (the "Collateral"):
a. All of the rights and interests of Debtor as the limited partner of East West Resort Development, L.P., a Delaware limited partnership ("Subpartnership"), including, without limitation, Debtor's rights as a partner to receive distributions of any sale, exchange, refinancing or other disposition of property owned by the Subpartnership under the Limited Partnership Agreement entered into effective as of August 11, 1995 (the "Partnership Agreement") and all other profits, income, and distributions, whether in cash or in kind, owing to Debtor under the Partnership Agreement.
b. All of the rights and interests of Debtor as the limited partner of East West Resort Development II, L.P,. a Delaware limited partnership ("Subpartnership II"), including, without limitation, Debtor's rights as a partner to receive distributions of any sale, exchange, refinancing or other disposition of property owned by the Subpartnership under the Limited Partnership Agreement entered into effective as of September 26, 1996 (the "Subpartnership II Agreement") and all other profits, income, and distributions, whether in cash or in kind, owing to Debtor under the Subpartnership II Agreement.
c. All Partner Loans and Default Loans (as those terms are defined in the Subpartnership II Agreement and [if applicable] the Subpartnership II Agreement) now or hereafter owing to Debtor and all security therefor.
d. All present and future rights and interests Debtor may have or be or become entitled to in the real and personal property (the "Collateral Property") now or hereafter owned by Subpartnership or Subpartnership II.
e. All present and future proceeds, profits, combinations, reclassification, improvements, and products of, accessions, attachments, and other additions to, and substitutes and replacements for, all or any part of the Collateral described herein.
f. All present and future accounts, contract rights, general intangibles, chattel paper, documents, instruments, cash and noncash Proceeds, and other rights arising from or by virtue of, or from the voluntary or involuntary sale, lease, or other disposition of, or collections with respect to, or insurance or condemnation proceeds payable with respect to, or proceeds payable by virtue of warranty, indemnity, guaranty, or other claims, c...
Description of the Collateral. For purposes of this Agreement, the Collateral shall be deemed to include, without limitation, all assets described on Exhibit A and all of the following:
(a) All equipment either owned or leased by Borrower, or in which Borrower otherwise has an interest (the "Equipment");
(b) All leases and occupancy agreements affecting Borrower or Borrower's business (the "Leases");
(c) All management, listing, service, construction maintenance, utility and other contracts and agreements with respect to the development, maintenance, construction and operation of the Collateral (the "Contracts"); and
(d) All outstanding shares of all subsidiaries of Borrower, including, without limitation, Tier▇▇▇ ▇▇▇munications, Ltd., a UK corporation, and Tier▇▇▇ ▇▇▇munications, FSC, Inc., a foreign sales company established in Barbados.
Description of the Collateral. The collateral shall consist of any and all present and future right, title and interest of OMD in and to the following described personal property of OMD, whether now owned or hereafter acquired, wherever located:
Description of the Collateral. Debtor assigns to Secured Party and grants to Secured Party security interests in the following, whether now existing or hereafter arising (the "Collateral"):
a. All of the rights and interests of Debtor as a member of CR License, LLC, an Arizona limited liability company ("CR License"), including, without limitation, Debtor's rights as a member to receive distributions of any sale, exchange, refinancing or other disposition of property owned by CR License under the Operating Agreement dated as of ________, 1997, as amended from time to time (the "CR License Operating Agreement"), and all other profits, income, and distributions, whether in cash or in kind, owing to Debtor under the CR License Operating Agreement.
b. All of the rights and interests of Debtor as a member of CR Las Vegas, LLC, an Arizona limited liability company ("CR Las Vegas," and together with CR License, the "Partnerships"), including, without limitation, Debtor's rights as a member to receive distributions of any sale, exchange, refinancing or other disposition of property owned by CR License under the Operating Agreement dated as of May 28, 1998, as amended from time to time (the "CR Las Vegas Operating Agreement," and together with the CR License Operating Agreement, the "Partnership Agreements"), and all other profits, income, and distributions, whether in cash or in kind, owing to Debtor under the CR Las Vegas Operating Agreement.
c. All present and future rights and interests Debtor may have or be or become entitled to in the real and personal property (the "Collateral Property") now or hereafter owned by a Partnership.
d. All present and future proceeds, profits, combinations, reclassification, improvements, and products of, accessions, attachments, and other additions to, and substitutes and replacements for, all or any part of the Collateral described herein.
e. All present and future accounts, contract rights, general intangibles, chattel paper, documents, instruments, cash and noncash Proceeds, and other rights arising from or by virtue of, or from the voluntary or involuntary sale, lease, or other disposition of, or collections with respect to, or insurance or condemnation proceeds payable with respect to, or proceeds payable by virtue of warranty, indemnity, guaranty, or other claims, causes and rights of action, settlements thereof, judicial and arbitration judgments and awards against any person with respect to, all or any part of the Collateral or the Collateral Property...
Description of the Collateral. This security covers the following movable property of the Grantor: _Select item A or B but not both. Item C is optional_. [Text illegible]
A. |X| Any and all movable property of every nature and description, corporeal and incorporeal, present and future and wherever situate, including but without limitation, all Claims, Property in Stock, Equipment, Intellectual Property and Securities, present and future.
B. |_| The following universalities of movable property: |_| All Claims present and future.
Description of the Collateral. The Collateral consists of all of Borrower's right, title and interest in and to the following personal property as such terms are defined under the Massachusetts Uniform Commercial Code:
Description of the Collateral. Debtor has assigned and granted security interests, and hereby confirms the assignments and grants of security interests, to Secured Party in the following, whether now existing or hereafter arising (the "Collateral"):
a. All of the rights and interests of Debtor as a limited partner of each of East West Resort Development, L.P., a Delaware limited partnership ("EWRD I"); East West Resort Development II, L. P., a Delaware limited partnership ("EWRD II"); EWRD Summit Holding, L. P., a Delaware limited partnership ("Summit"); East West Resort Development III, L. P., a Delaware limited partnership ("EWRD III"); and EWRD Perry Holding, L. P., a Delaware limited partnership ("Perry") (each a "Subpartnership" and collectively the "Subpartnerships"); and all of the rights and interests of Debtor as a member of East West Resorts, LLC, a Delaware limited liability company ("Resorts"); including, without limitation, Debtor's rights as a partner or a member to receive distributions of any sale, exchange, refinancing or other disposition of property owned by EWRD I under the Limited Partnership Agreement of East West Resort Development, L. P., entered into effective as of August 11, 1995, as hereinbefore or hereinafter from time to time amended (the "EWRD I Partnership Agreement"); owned by EWRD II under the Limited Partnership Agreement of East West Resort Development II, L. P., dated as of September 26, 1996, as hereinbefore or hereinafter from time to time amended (the "EWRD II Partnership Agreement"); owned by Summit under the Limited Partnership Agreement of EWRD Summit Holding, L. P., entered into effective as of September 23, 1997, as hereinbefore or hereinafter from time to time amended (the "Summit Partnership Agreement"); owned by EWRD III under the Limited Partnership Agreement of East West Resort Development II, L. P., dated as of January ___, 1998, as hereinbefore or hereinafter from time to time amended (the "EWRD III Partnership Agreement"); owned by Perry under the Limited Partnership Agreement of EWRD Perry Holding, L. P., entered into effective as of November 1, 1998, as hereinbefore or hereinafter from time to time amended (the "Perry Partnership Agreement"); and owned by the Company under the Second Amended and Restated Operating Agreement entered into effective as of January 1, 1998, as hereinbefore or hereinafter from time to time amended (the "Resorts Operating Agreement"); and all other profits, income, and distributions, whether in cash or in ...