Pledged Loans Sample Clauses

Pledged Loans. With respect to each Pledged Loan that constitutes an Eligible Loan, Borrower represents to Agent and Lenders that during the Term and so long as any of the Obligations remain unpaid and until the Commitments and this Agreement have been terminated: (i) in determining which Underlying Loans are Eligible Loans, Agent may rely upon all statements or representations made by Borrower, and (ii) such Pledged Loans designated as Eligible Loans meet each of the following requirements:
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Pledged Loans. “Pledged Loans” shall have the meaning set forth in Section 2.1(b)(6).
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Pledged Loans. Borrower shall take all appropriate actions necessary so that the Pledged Loans shall be classified as real estate assets within the meaning of Section 856 of the Code.
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Pledged Loans. Upon the closing of the acquisition of any Pledged Loans, a FC Portfolio Subsidiary will be the owner and holder of the Pledged Loans, free and clear of all liens, security interests, claims, restrictions or encumbrances of any kind, except those in favor of the Bank. Upon the closing of the acquisition of any Pledged Loans, the original promissory note and related allonges or a lost note affidavit executed by the seller from whom the FC Imperial Subsidiary acquired the loan or a prior owner and holder of the loan and other documents or instruments which Bank requests be part of the Pledged Files as provided in the Custodial Agreement will be held by the Custodian for the benefit of the Bank under the terms of the Custodial Agreement. The Pledged Files will not be subject to any claims or interests of any prior custodial agreement or custodian.
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Pledged Loans. The Servicer and the Borrower covenant and agree that prior to the earlier of: (i) the occurrence of an Event of Default or (ii) the Revolving Period Termination Date, they shall not without the prior written consent of the Administrative Agent and the Required Banks: (i) make or consent to any waiver, amendment, modification or alteration of the terms of any Pledged Loan or related Pledged Loan Document, including without limitation the payments of principal and interest due thereunder; (ii) undertake to release or authorize or consent to the release of any collateral or security for any Pledged Loan; (iii) accelerate or extend the maturity of any Pledged Loan or (iv) waive any claim against the Obligor or any applicable guarantor thereof, where: (a) the effect of any of the foregoing would cause any such Pledged Loan to not satisfy each of the requirements set forth in the definition of Eligible Loan determined after giving effect to such waiver, amendment, modification, alteration, release or other action, (b) the effect of any of the foregoing would materially adversely effect the Pledged Loan’s collectibility; (c) any such waiver, amendment, modification, alteration, release or other action would not be in accordance with the provisions of the Credit and Collection Policy; or (d) any such waiver, amendment, modification, alteration, release or other action would have a
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Related to Pledged Loans

  • Equipment Loans Section 2.3(b) of the Loan Agreement shall be amended and restated in its entirety as follows:

  • Collateral; Collateral Security (a) The Borrower has not assigned, pledged, or otherwise conveyed or encumbered any Mortgage Loan to any other Person, and immediately prior to the pledge of any such Mortgage Loan, the Borrower was the sole owner of such Mortgage Loan and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the Liens granted in favor of the Lender hereunder and no Person other than the Borrower has any Lien on any Mortgage Loan.

  • Related Loans (a) The Assuming Institution shall not manage, administer or collect any “Related Loan” in any manner which would have the effect of increasing the amount of any collections with respect to the Related Loan to the detriment of the Shared-Loss Asset to which such loan is related. A “

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

  • Letter of Credit Collateral Account (a) As collateral security for the prompt payment in full when due of all Letter of Credit Liabilities and the other Obligations, the Borrower hereby pledges and grants to the Administrative Agent, for the ratable benefit of the Administrative Agent, the Issuing Bank and the Lenders as provided herein, a security interest in all of its right, title and interest in and to the Letter of Credit Collateral Account and the balances from time to time in the Letter of Credit Collateral Account (including the investments and reinvestments therein provided for below). The balances from time to time in the Letter of Credit Collateral Account shall not constitute payment of any Letter of Credit Liabilities until applied by the Issuing Bank as provided herein. Anything in this Agreement to the contrary notwithstanding, funds held in the Letter of Credit Collateral Account shall be subject to withdrawal only as provided in this Section.

  • Cross-Collateralized Mortgage Loans Notwithstanding anything herein to the contrary, it is hereby acknowledged that certain groups of Mortgage Loans are, in the case of each such particular group of Mortgage Loans (each, a "Cross-Collateralized Group"), by their terms, cross-defaulted and cross-collateralized, if identified as such on the Mortgage Loan Schedule. For purposes of reference, the Mortgaged Property that relates or corresponds to any of the Mortgage Loans referred to in this Section 17 shall be the property identified in the Mortgage Loan Schedule as corresponding thereto. The provisions of this Agreement, including, without limitation, each of the representations and warranties set forth in Exhibit C hereto and each of the capitalized terms used herein but defined in the Pooling and Servicing Agreement, shall be interpreted in a manner consistent with this Section 17. In addition, if there exists with respect to any Cross-Collateralized Group only one original of any document referred to in the definition of "Mortgage File" in the Pooling and Servicing Agreement and covering all the Mortgage Loans in such Cross-Collateralized Group, the inclusion of the original of such document in the Mortgage File for any of the Mortgage Loans constituting such Cross-Collateralized Group shall be deemed an inclusion of such original in the Mortgage File for each such Mortgage Loan.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Control of Collateral Accounts To establish “control” of the Collateral Accounts by the Secured Party under Sections 9-104 and 9-106 of the UCC, the Financial Institution agrees to comply with any order or instruction from the Secured Party directing the deposit, withdrawal, transfer or redemption of the cash or other financial assets credited to a Collateral Account (a “Secured Party Order”) without the need for consent by the Grantor or any other Person.

  • Accounts and Notes Receivable Schedule 5.11 sets forth an accurate list of the accounts and notes receivable of the Company, as of the Balance Sheet Date, including any such amounts which are not reflected in the balance sheet as of the Balance Sheet Date, and including receivables from and advances to employees and the Stockholders, which are identified as such. Except to the extent reflected on Schedule 5.11, such accounts, notes and other receivables are collectible in the amounts shown on Schedule 5.11, net of reserves reflected in the balance sheet as of the Balance Sheet Date.

  • The Mortgage Loans Concurrently with the execution and delivery of this Agreement, the Seller hereby transfers to the Purchaser, without recourse, all of its right, title and interest existing now or in the future in,

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