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DITECH HOLDING CORP filed this Form 10-K on 04/16/2019
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Administrative Agent” means, for so long as the Series 2019-VF1 Notes have not been paid in full: (i) with respect to the provisions of this Indenture Supplement, each of Barclays or any Affiliate or successor of the foregoing; and (ii) with respect to the provisions of the Base Indenture, and notwithstanding the terms and provisions of any other Indenture Supplement, Barclays and such other parties as set forth in any other Indenture Supplement, or any respective Affiliate or any respective successor thereto. For the avoidance of doubt, reference to “it” or “its” with respect to the Administrative Agent in the Base Indenture shall mean “them” and “their,” and reference to the singular therein in relation to the Administrative Agent shall be construed as if plural.
Advance Rates” means, on any date of determination with respect to each Receivable related to each Class of the Series 2019-VF1 Notes, the lesser of:
the percentage amount based on the Advance Type of such Receivable, as set forth below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator:
with respect to all Delinquency Advances, 95.0%;
with respect to all Conditional Pool Protective Advances, 95.0%; and
with respect to all Non-Crossed Protective Advances, 95.0%; and
the Maximum Weighted Average Advance Rate.
Notwithstanding the foregoing, the Advance Rate for any Receivable related to the Notes shall be zero if such Receivable is not a Facility Eligible Receivable.
If additional Series of Notes are issued in the future, they will have separate Advance Rates and Collateral Values, and the Collateral Test will be calculated including the Invested Amounts for such additional Notes.
Agency Indenture” means, that certain Indenture, dated as of February 9, 2018, and effective as of February 12, 2018, by and among Ditech Agency Advance Trust, as issuer, Wells Fargo, as trustee, as calculation agent, as paying agent and as securities intermediary, Ditech, as administrator and as servicer, and Barclays as successor in-role to Credit Suisse, as administrative agent, as supplemented by that certain Series 2019-VF1 Indenture Supplement thereto, dated as of the Effective Date, as the same may be further amended, supplemented, restated or otherwise modified from time to time.
Barclays” means Barclays Bank PLC.
Barclays Note” means the Series 2019-1 VFN Note issued to Barclays hereunder.