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, 61 days or more past due (without giving effect to any grace period) and unpaid by the Obligor.
Appears in 2 contracts
Samples: Insurance Agreement (Mego Financial Corp), Insurance 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, 61 31 days or more past due (without giving effect to any grace period) and unpaid by the Obligor.
Appears in 2 contracts
Samples: Insurance Agreement (Mego Financial Corp), Insurance 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, 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 Financial Corp), Pooling and Servicing Agreement (Mego Mortgage Corp)
