Day Delinquent Loan. With respect to any Determination Date or related Distribution Date, a Home Loan, other than a Credit Support Multiple Defaulted Loan, with respect to which any portion of a Monthly Payment is, as of the prior Monthly Cut-Off Date, 31 days or more past due (without giving effect to any grace period) and unpaid by the Obligor.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Mego Mortgage Corp), Sale and Servicing Agreement (Mego Financial Corp)
Day Delinquent Loan. With respect to any Determination Date or related Distribution Date, a Home Loan, other than a Credit Support Multiple Defaulted Loan, with respect to which any portion of a Monthly Payment is, as of the prior Monthly Cut-Off Date, 31 61 days or more past due (without giving effect to any grace period) and unpaid by the Obligor.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Mego Financial Corp), Sale and Servicing Agreement (Mego Mortgage Corp)
Day Delinquent Loan. With respect to any Determination Date or related Distribution Date, a Home Loan, other than a Credit Support Multiple Defaulted Loan, with respect to which any portion of a Monthly Payment is, as of the prior Monthly Cut-Off Date, 31 61 days or more past due (without giving effect to any grace period) and unpaid by the Obligor.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mego Mortgage Corp), Pooling and Servicing Agreement (Mego Financial Corp)
