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 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 (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.

Examples of Acquired Loan in a sentence

• On October 30, 2015, the extra-judicial foreclosure sales of the Unlad properties in Quezon City was resumed pursuant to a Disposition of the Executive Judge of RTC Quezon City.The Parent Company was declared the winning bidder for both, with an aggregate bid of P=407.8 million for Unlad’s real estate properties securing the Acquired Loan, Loan to Unlad, and AHC Loan to Unlad.

• Today (6 November) we are seeking indicative prices or quotes for each Acquired Loan in the portfolio from Mark-it, Reuters LPC and other third party market makers in order to gauge its market value.

• Unless amended by the parties, the funds will be advanced to Millennium under the Acquired Loan which matures in January 2011.

• On the other hand, the Certificate of Sale issued in the sale conducted to satisfy the Acquired Loan was annotated on Transfer Certificate of Title No. RT-71871(271024)PR-29615 on December 1, 2015.

• If there is no bid for an Acquired Loan, RBS shall purchase it at fair market value which shall be determined by RBS using the indicative quotes/prices referred to in 1 above, but taking into consideration factors such as the illiquidity of the loan in question and market conditions.

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

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 a form approved by the Administrative Agent on or prior to the Closing Date, or in such other form as shall be adopted by the Originator and approved in writing by the Administrative Agent at least ten (10) days prior to such Loan becoming part of the Asset Pool hereunder.

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 is defined in Section 2.15.