Acquired Loan definition

Acquired Loan means a Loan that is originated by a Person other than the Originator or an Affiliate thereof and acquired by the Originator in a “true sale” transaction pursuant to a standard loan acquisition agreement.

Acquired Loan. A Loan (other than an Excluded Loan) that is either (a) originated by a Person other than the Originator, CapitalSource Inc. or any of their respective Subsidiaries and is acquired by the Originator, CapitalSource Inc. or any of their respective Subsidiaries in an arm’s length transaction from an unaffiliated third party; or (b) extended by the Originator, CapitalSource Inc. or any of their respective Subsidiaries directly to the Obligor as part of a multi-lender Loan in which neither CapitalSource Inc. nor any of its Subsidiaries is the administrative (or other analogous) agent; provided that the calculation of the principal amount of any Acquired Loan hereunder shall exclude any Retained Interest with respect to such Acquired Loan.

Acquired Loan. A Loan that is either (a) originated by a Person other than the Originator, CapitalSource Inc. or any of their respective Subsidiaries and is acquired by the Originator, CapitalSource Inc. or any of their respective Subsidiaries in an arm’s length transaction from an unaffiliated third party or (b) extended by the Originator, CapitalSource Inc. or any of their respective Subsidiaries directly to the Obligor as part of a multi-lender Loan in which neither CapitalSource Inc. nor any of its Subsidiaries is the administrative (or other analogous) agent; provided that, the calculation of the principal amount of any Acquired Loan hereunder shall exclude any Retained Interest with respect to such Acquired Loan.

Examples of Acquired Loan in a sentence

• Except as reflected in the Loan Files, Seller has not materially modified the Loan Documents relating to any Acquired Loan or executed any instrument of release, cancellation or satisfaction related thereto.

• Seller shall be allowed an opportunity to cure any breach or condition, and if it is impossible to cure such breach or Seller chooses not to cure or correct the breach or meet such condition, prior to the Closing Date, Seller shall withdraw the subject Acquired Loan from sale and the Purchase Price will be reduced as set forth in Section 2.3.5(b) hereof.

• Buyer has, and at the Closing Date will have, the financial means and ability to purchase the Loan Portfolio and to assume and discharge all of the obligations of Seller pursuant to each and every Acquired Loan in the Loan Portfolio.

• No later than three (3) days prior to the Closing Date, Seller shall notify Buyer in writing of Seller’s estimate of the amount of the Purchase Price to be paid to Seller by Buyer on the Closing Date, including the amount of the Purchase Price allocated to each Acquired Loan, any adjustments to be made to Schedule A pursuant to Section 2.1.4 of this Agreement and the adjustments to the Purchase Price to be made pursuant to Section 2.3.5 hereof (the “Preliminary Closing Date Statement”).

• Buyer shall promptly notify Seller of any claim, threatened claim or litigation against Seller (or any prior holder of the Loans) arising out of any Acquired Loan or any Assumed Obligations that may come to Buyer’s attention.

More Definitions of Acquired Loan

Acquired Loan means each loan made by Seller that is a Medallion Loan.

Acquired Loan has the meaning specified in Section 2 of the Contribution Agreement.

Acquired Loan. An Asset that is originated by a Person other than the Originator, CapitalSource Finance LLC or any of their respective Subsidiaries and acquired by the Originator in a “true sale” transaction pursuant to an acquisition agreement, provided that the foregoing shall exclude any Assigned Loan.

Acquired Loan. A Loan that is originated by a Person other than the Originator and acquired by the Originator in a “true sale” transaction pursuant to an acquisition agreement substantially in the form of the “Acquisition Agreement” previously delivered by the Originator to the Administrative Agent in connection with the CapitalSource Funding I Transaction or in such other form as shall be adopted by the Originator and approved in writing by the Administrative Agent at least five days prior to such Loan becoming part of the Collateral hereunder, provided, however, such Loan shall exclude any Retained Interest.

Acquired Loan means all of the loans owned by the Company or any of its Subsidiaries as of the date hereof.

Acquired Loan. Any Loan or Portfolio Loan that (a) is made as part of a loan facility with an initial outstanding loan balance of $150,000,000 or more and assigned to or acquired by the Originator from a Person that is not an Affiliate in an arm’s length transaction; provided, that, if such loan facility comprises multiple classes or tranches of debt, the class or tranche held by the Originator (along with any classes or tranches that are entitled to payment of principal or interest on a pari passu basis with respect to such class or tranche) must have an initial outstanding loan balance of $150,000,00 or more and (b) is documented in a form that is commercially reasonable and consistent with the Credit and Collection Policy.

Acquired Loan means each loan (a) which the Borrower has acquired from SWF 1995 Limited Partnership and which has not been disposed of, (b) which the Borrower has acquired from an unaffiliated Person on an arm's length basis and which has not been disposed of by the Borrower or (c) which is evidenced by an REO Note. Each Acquired Loan shall be evidenced by a promissory note and, if secured, by appropriate security documents. All references to Acquired Loans are deemed to include the right to enforce and receive payment of the respective promissory notes and to enforce and realize the benefits of the respective security documents.