Section 2. Defined Terms.
With respect to the Series 2017-VF1 Notes and in addition to or in replacement of the definitions set forth in Section 1.1 of the Base Indenture, the following definitions shall be assigned to the defined terms set forth below:
Additional Note Payment means a payment made by the Issuer to the Noteholder of the Series 2017-VF1 Notes, using the proceeds of an Optional Payment or a Margin Call Payment under the PC Repurchase Agreement, to reduce the unpaid principal balance of the Series 2017-VF1 Notes.
Administrative Agent means, for so long as the Series 2017-VF1 Notes are Outstanding, pursuant to the provisions of this Indenture Supplement, CSFB, or an Affiliate or successor by merger thereto.
Advance Rate means, with respect to the Series 2017-VF1 Notes, on any date of determination, [***]% of the Collateral Value of the Portfolio, subject to amendment by mutual agreement of the Administrative Agent and the Administrator; provided, that, upon the occurrence of an Advance Rate Reduction Event, the Advance Rate will decrease by [***]% per month until the Advance Rate Reduction Event is cured in all respects subject to the satisfaction of the Administrative Agent, at which point the Advance Rate, as applicable, will revert to the value it had prior to the occurrence of such Advance Rate Reduction Event.
Advisers Act has the meaning assigned to such term in Section 3 of this Indenture Supplement.
Amortization Date has the meaning assigned to such term in Section 7 of this Indenture Supplement.
Anniversary Date has the meaning assigned to such term in Section 7 of this Indenture Supplement.
Base Indenture has the meaning assigned to such term in the Preamble.
Benefit Plan Investor has the meaning assigned to such term in Section 3 of this Indenture Supplement.
Christiana means Wilmington Savings Fund Society, FSB, d/b/a Christiana Trust.
Class AVF1 Notes means, the Variable Funding Notes, Class A-VF1 Variable Funding Notes, issued hereunder by the Issuer, having an aggregate VFN Principal Balance of no greater than the applicable Maximum VFN Principal Balance.
Corporate Trust Office means the corporate trust offices of the Indenture Trustee at which at any particular time its corporate trust business with respect to the Issuer shall be administered, which offices at the Issuance Date are located at Citibank, N.A., Corporate and Investment Banking, 388 Greenwich Street, 14th Floor, New York, NY 10013 Attention: loanDepot GMSR Master Trust, including for Note transfer, exchange or surrender purposes.