Loan Trust Agreement Sample Contracts
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An unlimited liability loan trust means the loan agreement does not limit the trustees’ liability to repay the loan to the value of the trust fund at the time the loan repayment is demanded. So, if the value of the trust fund was less than the outstanding value of the loan at the time repayment is requested, the trustees may need to cover the shortfall from their personal assets.
Standard Contracts
LOAN TRUST AGREEMENTLoan Trust Agreement • February 11th, 2015 • OneMain Financial Holdings, Inc. • Personal credit institutions • New York
This Loan Trust Agreement (the “Trust Agreement”) is entered into as of February 3, 2015 between OneMain Financial Warehouse Trust, a Delaware statutory trust (the “Issuer”), and Wells Fargo Bank, N.A., a national banking association duly organized and existing under the laws of the United States of America (“Wells Fargo”), as Issuer Loan Trustee for the Issuer (the “Issuer Loan Trustee”).
LOAN TRUST AGREEMENTLoan Trust Agreement • February 11th, 2015 • OneMain Financial Holdings, Inc. • Personal credit institutions • New York
This Loan Trust Agreement (the “Trust Agreement”) is entered into as of February 5, 2015, between OneMain Financial Funding III, LLC, a Delaware limited liability company (the “Depositor”), and Wells Fargo Bank, N.A., a national banking association duly organized and existing under the laws of the United States of America (“Wells Fargo”), as Depositor Loan Trustee for the Depositor (the “Depositor Loan Trustee”).