Individual Loans Clause Samples

Individual Loans. Each Seller makes the following representations and warranties with respect to each individual Loan it sells in a Transaction hereunder, as of the related Purchase Date and as of each day such Transaction is in effect, except as shall be specifically disclosed in the schedule attached to the related Request for Purchase.

Individual Loans. Each Originator hereby represents and warrants to the Issuer, with respect to each Initial Loan, as of the Closing Date and, with respect to each Subsequent Loan, as of the related Subsequent Transfer Date: (a) The information with respect to each Loan set forth in the Loan Schedule is true and correct; (b) All of the original or certified documentation set forth in Section 2.04 (including all material documents related thereto) has been or will be delivered to the Trustee or to the Custodian on the Closing Date or, with respect to the Subsequent Loans, on the related Subsequent Transfer Date, or as otherwise provided in Section 2.04; (c) [Reserved]; (d) Each Mortgaged Property (other than the Multifamily Properties) is improved by a Residential Dwelling, which, to the best of the Originator's knowledge, does not include cooperatives or mobile homes not attached to a foundation and does not constitute other than real property under state law; (e) Each Initial Loan has been, and each Subsequent Loan will be, originated by an Originator except as otherwise provided in clause (w) below, is being, or with respect to the Subsequent Loans, will be, serviced by the Servicer or one or more Subservicers and, with respect to each Initial Loan originated by an Originator, there is, and with respect to each Subsequent Mortgage Loan, there will be, only one originally executed Note not stamped as a duplicate copy with respect to each such Loan;

Individual Loans. Each Originator hereby represents and warrants to the Issuer, with respect to each Loan, as of the Closing Date: (a) The information with respect to each Loan set forth in the Loan Schedule is true and correct; (b) All of the original or certified documentation set forth in Section 2.04 (including all material documents related thereto) has been or will be delivered to the Custodian on the Closing Date or as otherwise provided in Section 2.04; (c) [Reserved]; (d) Each Mortgaged Property (other than the Multifamily Properties) is improved by a Residential Dwelling, which, to the best of the Originator's knowledge, does not include cooperatives or mobile homes not attached to a foundation and does not constitute other than real property under state law; (e) Each Loan has been originated and underwritten, or purchased and re-underwritten, by an Originator in accordance with the Representative's underwriting criteria set forth in the Registration Statement and each Loan is being serviced by the Servicer or one or more Subservicers and, with respect to each Loan originated by an Originator, there is only one originally executed Mortgage Note not stamped as a duplicate copy with respect to each such Loan; (f) The Mortgage Note with respect to each Pool I Loan bears a fixed Loan Interest Rate and the Mortgage Note with respect to each Pool II Loan bears an adjustable Loan Interest Rate; (g) (i) Except with respect to 2.66% of the Pool I Loans, each Mortgage Note relating to the Pool I Loans will provide for a schedule of substantially level and equal Monthly Payments which are, if timely paid, sufficient to fully amortize the principal balance of such Mortgage Note on or before its maturity date and (ii) each Mortgage Note relating to the Pool II Loans will provide for a schedule of Monthly Payments which are, if timely paid as adjusted, sufficient to fully amortize the principal balance of such Mortgage Note on or before its maturity date; (h) Each Mortgage is, with respect to the Loans, a valid and subsisting lien of record on the Mortgaged Property (with 80.08% and 100.00% of the Pool I and Pool II Loans, respectively (measured by Principal Balances as of the Cut-Off Date) being secured by first liens) subject, in the case of any second or more junior Mortgage Loan, only to any applicable Prior Liens on such Mortgaged Property and subject in all cases to the exceptions to title set forth in the title insurance policy or the other evidence of title enumerated i...

Individual Loans. The Borrower may request the disbursement of Individual Loans in accordance with the applicable terms of this Agreement and under the terms set out below, and the Lenders agree to make such Individual Loans. Purpose of funds Solely for repayment of the debt borrowed pursuant to the SSTL on or before the SSTL Maturity Date. The Agent and each Lender shall have no obligation to confirm that the Borrower uses the loan proceeds for such purpose. Deadline for submitting Drawdown Notice By 10:00 am 3 Business Days prior to the applicable Requested Drawdown Date. Subordinated Syndicated Loan Agreement dated October 26, 2018, for Takeda Pharmaceutical Company Limited Deadline for delivery of Drawdown Notice to Lender 3 Days prior to the applicable Requested Drawdown Date. Longstop Drawdown Notice Date 3 Business Days prior to the SSTL Maturity Date. Drawdown Notice Amounts To be a minimum of 100 million yen and in increments of 100 million yen thereafter; provided that the foregoing is not required to be applied in the case of a request of a loan drawdown for the amount of the requested loan equal to the reasonably anticipated balance of the loan under the SSTL as of the Requested Drawdown Date. Maturity Date The date that is the sixtieth (60th) anniversary of the Drawdown Date. Principal Payment Date Means the Maturity Date. Method of repayment of principal Principal in the Principal Payment Amount (as set out in Attachment 2) shall be paid in a lump sum on the Principal Payment Date. Prepayment As separately provided in this Agreement. Interest Period The calculation period for interest to be paid on an Interest Payment Date shall be as follows: the interest calculation period for the interest to be paid on the first Interest Payment Date (the “First Interest Period”; the same calculation method shall apply to the second and each subsequent Interest Period thereafter) shall be the period from (and including) the Drawdown Date to (and including) the first Interest Payment Date. The second, and each subsequent, Interest Period shall be from (and including) the last day of the preceding Interest Period to (and including) the succeeding Interest Payment Date. Base Rate The six (6) month Japanese ▇▇▇ ▇▇▇▇▇ Rate for such Interest Period published by the JBA TIBOR Administration (or in the event that the Japanese ▇▇▇ ▇▇▇▇▇ Rate-setting operations are assumed by a successor organization, such successor organization) on Telerate Screen “17097” or successor page at 11:00 ...

Individual Loans. The repayment terms of all loans or advances from individuals to the Company shall be acceptable to Parent.

Individual Loans. 2.2.1 The Revolving Line of Credit shall be funded through Individual Loans that are secured by Borrower’s Loans. 2.2.2 In the event Borrower requests an Individual Loan under the Revolving Line of Credit, Borrower shall deliver to Lender each of the items described in Section 5.1.1 below. 2.2.3 Upon receipt, and review and approval of the items described in Section 5.1.1 below, Lender shall determine the amount of an Individual Loan in its sole discretion; provided, however, the Available Borrowing Base limitation shall at all times apply. 2.2.4 If a particular Individual Loan will have advances subsequent to the initial Advance of such Individual Loan, Borrower and Lender shall enter into a Letter Loan Agreement substantially in the form of Exhibit “B” attached hereto and made a part hereof.

Individual Loans. 30 7.8 Consents......................................................... 30 TABLE OF CONTENTS (continued)

Individual Loans. The Borrower hereby acknowledges that the assignment of portions of the Loan by a Lender to another Lender will create as to each Lender an Individual Loan evidenced by each Lender’s respective Note and collectively secured by the Deeds of Trust and governed by the other Loan Documents. The Borrower shall look solely to each Lender (including ▇▇ ▇▇▇▇, in its capacity as a Lender) for the performance of such Lender’s obligations, covenants and agreements under the Loan Documents on the part of each Lender to be performed or observed with respect to each Lender’s Individual Loan, subject to and upon the conditions, limitations and restrictions set forth herein and in the other Loan Documents.