Active Loan definition

Active Loan. The term "Active Loan" means the principal amount of any loan made to a Participant pursuant to Section 2.10, any Old Plan Takeover Loan or any Predecessor Contract Takeover Loan, which, in any case, is neither fully repaid nor deemed distributed under Section 72(p) of the Code.
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Active Loan means any U.S. Bank Direct Loan that is owned by a Settling Defendant and has not been fully repaid as of the Effective Date.
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Active Loan means any HELOC Loan that had an Outstanding Principal Balance greater than zero and/or had accrued and unpaid interest due during the month. A HELOC Loan shall be considered “active” for the month in which such HELOC Loan is paid in full.
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Examples of Active Loan in a sentence

  • If your listing is allocated to the Active Loan Channel or the Passive Loan Channel, Prosper investor members will commit funds to purchase from Prosper a Promissory Note evidencing the loan made by Bank to you.

  • If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within one (1) hour of being posted, it will automatically be reallocated to the Note Channel.

  • Subject to the Active Loan Cap, Eligible Loans shall be allocated to the Approved Subservicers in the order that such Subservicers were approved by JPMorgan.

  • Thereafter, SPS shall be eligible to receive Eligible Loans without regard to the Active Loan Cap if at any Monthly Transfer Date after 90 days after the Acceptance Date, SPS is the only Approved Subservicer and the Trustees consent to such transfer; provided, however, that the transfer of loans to SPS scheduled for December 1, 2013 shall be cancelled, but additional loans may be transferred as of January 1, 2014 and thereafter.

  • In the event that an Approved Subservicer shall no longer qualify to subservice any Subserviced Loans, JPMorgan shall transfer any such Subserviced Loans directly to other Approved Subservicers, subject to the Active Loan Cap and other provisions of this Subservicing Protocol, within a commercially reasonable period of time; and JPMorgan shall terminate subservicing on the remaining Subserviced Loans that cannot be transferred to another Approved Subservicer.

  • Table Investor Name - Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table - Generic Active Loan Type Code - ex: conventional, fha, etc.

  • Active Loan: If you currently have an active Annuity loan, please contact me prior to completing your request for an Annuity distribution.

  • If your listing was allocated to the Active Loan Channel or the Passive Loan Channel, Prosper will sell the loan to one of its investor members, but Prosper will continue to service the loan.

  • If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within a reasonable amount of time determined in Prosper's sole discretion after being allocated, it will automatically be reallocated to the Note Channel.

  • If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within a reasonable amount of time determined in Prosper’s sole discretion after being allocated, it will automatically be reallocated to the Note Channel.


More Definitions of Active Loan

Active Loan means any Trust Loan which is owned by a Trust that is included within a Trust Party, subject to Indentures where appropriate, and which has not been fully paid as of the Effective Date.
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Active Loan means a loan from the Department to a borrower with a loan agreement on file signed by both parties and a corresponding balance of funds to be distributed or repaid.
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Related to Active Loan

  • Defective Loan is any Mortgage Loan as to which there is an unremedied Material Defect.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Cooperative Loan Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • B/A Equivalent Loan shall have the meaning assigned to such term in Section 2.22(h).

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.