Additional Loan Assignment definition

Additional Loan Assignment means (a) with respect to the Loan Purchase Agreement, a written assignment substantially in the applicable form attached to the Loan Purchase Agreement pursuant to which the Seller designates and assigns Additional Loans to the Depositor, (b) with respect to the Sale and Servicing Agreement, a written assignment substantially in the applicable form attached to the Sale and Servicing Agreement pursuant to which the Depositor designates and further assigns Additional Loans to the Issuer, (c) with respect to the 2024-1A SUBI Supplement, a written allocation notice substantially in the applicable form attached to the 2024-1A SUBI Supplement pursuant to which the Servicer in accordance with the 2024-1A SUBI Supplement designates and further allocates Additional Loans that are North Carolina Loans to the 2024-1A SUBI, (d) with respect to each Purchase Agreement, a written assignment substantially in the applicable form attached to such Purchase Agreement pursuant to which the related Warehouse Borrower designates and assigns Additional Loans to the Seller, (e) with respect to the Omnibus Distribution and Assignment Agreement, a written assignment substantially in the applicable form attached to the Omnibus Distribution and Assignment Agreement pursuant to which one or more Regional Originators designate and assign Additional Loans to the Seller, and (f) with respect to any Other Warehouse Purchase Agreement, a written assignment substantially in the applicable form attached to such Other Warehouse Purchase Agreement pursuant to which the applicable warehouse borrowers designate and assign Additional Loans to the Seller.

Additional Loan Assignment means (a) with respect to the Loan Purchase Agreement, a written assignment substantially in the form of Exhibit B to the Loan Purchase Agreement pursuant to which a Seller further assigns Additional Loans to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor, and (b) with respect to the Sale and Servicing Agreement, a written assignment substantially in the form of Exhibit A-2 to the Sale and Servicing Agreement pursuant to which the Depositor and the Depositor Loan Trustee for the benefit of the Depositor further assigns Additional Loans to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer.

Additional Loan Assignment means (a) with respect to the Purchase Agreement, a written assignment substantially in the applicable form attached to the Purchase Agreement pursuant to which the Warehouse Borrower designates and assigns Additional Loans to the Seller, (b) with respect to the Loan Purchase Agreement, a written assignment substantially in the applicable form attached to the Loan Purchase Agreement pursuant to which the Seller designates and assigns Additional Loans to the Depositor, (c) with respect to the Sale and Servicing Agreement, a written assignment substantially in the applicable form attached to the Sale and Servicing Agreement pursuant to which the Depositor designates and further assigns Additional Loans to the Issuer and (d) with respect to the 2018-1A SUBI Supplement, a written allocation notice substantially in the applicable form attached to the 2018-1A SUBI Supplement pursuant to which the Servicer in accordance with the 2018-1A SUBI Supplement designates and further allocates Additional Loans that are North Carolina Loans to the 2018-1A SUBI.

Examples of Additional Loan Assignment in a sentence

• Each Seller hereby represents and warrants to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor that, in the case of Additional Loans, the Additional Loan Assignment Schedule, to the extent required to be delivered, is, with respect to each Additional Loan, as of the applicable Additional Cut-Off Date with respect to each such Additional Loan, true and complete in all material respects.

• Schedule A hereto includes the information required to be included in the Additional Loan Assignment Schedule with respect to the Assigned Additional Loans as well as Renewals with respect to Renewal Loan Replacements that became Additional Loans during the related Collection Period and the Loan Schedule is hereby supplemented to include the Assigned Additional Loans and other information included in Schedule A.

• The Depositor hereby represents and warrants to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer that, in the case of Additional Loans, the Additional Loan Assignment Schedule, to the extent required to be delivered, is, with respect to each Additional Loan, as of the applicable Additional Cut-Off Date with respect to each such Additional Loan, true and complete in all material respects.

• As soon as practicable, but in any event no later than the Document Delivery Date immediately following such Addition Date, each Seller shall deliver an Additional Loan Assignment as provided in Section 2.08(b)(iii).

• As soon as practicable, but in any event no later than the fifth Business Day following the applicable Addition Date occurring on a Loan Action Date (the “Document Delivery Date”), each Seller shall deliver an Additional Loan Assignment as provided in Section 2.03(b)(iii).

• As soon as practicable, but in any event no later than the fifth Business Day following the applicable Addition Date (the “Document Delivery Date”), each Seller shall deliver an Additional Loan Assignment as provided in Section 2.03(b)(iii).

More Definitions of Additional Loan Assignment

Additional Loan Assignment means (a) with respect to the Purchase Agreement, a written assignment substantially in the applicable form attached to the Purchase Agreement pursuant to which the Warehouse Borrower designates and assigns Additional Loans to the Seller, (b) with respect to the Loan Purchase Agreement, a written assignment substantially in the applicable form attached to the Loan Purchase Agreement pursuant to which the Seller designates and assigns Additional Loans to the Depositor, (c) with respect to the Sale and Servicing Agreement, a written assignment substantially in the applicable form attached to the Sale and Servicing Agreement pursuant to which the Depositor designates and further assigns Additional Loans to the Issuer and (d) with respect to the 2018-2A SUBI Supplement, a written allocation notice substantially in the applicable form attached to the 2018-2A SUBI Supplement pursuant to which the Servicer in accordance with the 2018-2A SUBI Supplement designates and further allocates Additional Loans that are North Carolina Loans to the 2018-2A SUBI.