Ineligible Loan. The Seller shall promptly, and in any event not later than the next Guarantor LP Payment Date, notify the Purchaser, the Servicer and Cash Manager (in each case if other than the Seller) and the Bond Trustee after determining that any Purchased Loan was not an Eligible Loan on the applicable Purchase Date for such Purchased Loan.
Ineligible Loan. Defined in the Purchase Agreement.
Ineligible Loan. Any Claim with respect to a loan that does not satisfy the Eligibility Criteria set forth in the Eligibility Criteria Schedule.
Ineligible Loan. The Originator shall promptly, and in any event not later than the next Payment Date, notify the Acquirer after determining that any Purchased Loan did not meet the Eligibility Criteria on the applicable Purchase Date for such Purchased Loan.
