Additional Loan Account definition

Additional Loan Account means the trust account maintained by the Indenture Trustee into which is deposited on the Closing Date the amount specified in the Adoption Annex. The account will be an Eligible Account, and will be available only for purchases of Additional Home Equity Loans.
Additional Loan Account for a Loan Group means the trust account maintained by the Indenture Trustee into which is deposited on the Closing Date the amount specified in the Adoption Annex for the Loan Group. The account will be an Eligible Account, and will be available only for purchases of Additional Home Equity Loans for the relevant Loan Group.
Additional Loan Account for a Loan Group means the trust account maintained by the Indenture Trustee into which is deposited on the Closing Date the amount specified in the Adoption Annex for a Loan Group. The account will be an Eligible Account, and will be available only for purchases of Additional Home Equity Loans for the relevant Loan Group.

Examples of Additional Loan Account in a sentence

  • The Purchaser may use the funds in each Additional Loan Account to purchase Additional Home Equity Loans on any Subsequent Closing Date designated by the Purchaser by the Latest Subsequent Closing Date.

  • The Additional Loan Account shall be maintained in accordance with Section 8.02.

  • Neither the Sponsor nor the Depositor shall have any interest in any of the principal of the funds deposited into the Additional Loan Account.

  • If after that payment any funds remain from the original set aside with respect to the Transfer Document pursuant to Section 2.01(b), then they shall be returned to the Additional Loan Account.

  • The Additional Loan Account is not an asset of any REMIC created under the Trust Agreement.

  • Each Additional Loan Account shall be an Eligible Account solely for the benefit of the Secured Parties.

  • If on the Latest Subsequent Closing Date any funds remain in the Indenture Trustee's possession from any set aside under Section 3.01(b), then they shall be returned to the Additional Loan Account.

  • The Additional Loan Account shall be an Eligible Account solely for the benefit of the Secured Parties.

  • If after that payment any funds remain from the original set aside with respect to the Transfer Document pursuant to Section 2.01(b), then they shall be returned to the applicable Additional Loan Account.

  • If on the Latest Subsequent Closing Date any funds remain in the Indenture Trustee's possession from any set aside under Section 2.01(b), then they shall be returned to the applicable Additional Loan Account.


More Definitions of Additional Loan Account

Additional Loan Account. Subsequent Cut-off Date," Subsequent Closing Date," and "Latest Subsequent Cut-off Date" shall be of no effect and all provisions in this Indenture related to those terms shall be of no effect.

Related to Additional Loan Account

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Loan Account has the meaning set forth in Section 2.10.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Original Loan Agreement has the meaning set forth in the recitals hereto.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Educational loan means a loan made by the authority to an institution.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Additional Lenders has the meaning assigned to such term in Section 2.18(b).

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).

  • Additional Lender has the meaning set forth in Section 2.14(c).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Initial Loan is defined in Section 2.1.

  • Additional Revolving Facility means any revolving credit facility added pursuant to Sections 2.22, 2.23 or 9.02(c)(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.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Term Loan C has the meaning set forth in Section 2.2(c).