CRA Loans definition
CRA Loans means CRA-eligible residential mortgage loans originated and/or held by BNY and its Subsidiaries.
CRA Loans means (a) each of the loans listed on Schedule 1.1(r) hereto (exclusive of any reserves for loan losses) and each obligation of a Seller to make additional extensions of credit in connection with each such loan, as each such loan may be increased, decreased, amended, renewed or extended by Sellers in the ordinary course of business of Sellers between July 1, 1999 and the close of business on the day on which such loan is purchased by Purchaser pursuant to the terms hereof and (b) each loan made by Sellers in the ordinary course of business of Sellers pursuant to the terms of the CRA Commitments between July 1, 1999 and the close of business on the Third Closing Date (exclusive of any reserves for loan losses) and each obligation of a Seller to make additional extensions of credit in connection with each such loan, as each such loan may be increased, decreased, amended, renewed or extended by Sellers in the ordinary course of business of Sellers between July 1, 1999 and the close of business on the day on which such loan is purchased by Purchaser pursuant to the terms hereof; provided, however, that CRA Loans shall not include any loan described in subsection (a) or (b) above, if such loan, as of the day on which such loan is to be purchased by Purchaser pursuant to the terms hereof, is (i) subject to a current legal proceeding related to a Customer's inability or refusal to pay such loan, (ii) not current and with respect to which proceedings are pending against the obligor or obligors of such loan under Title 11 of the United States Code or (iii) Nonperforming. Each CRA Loan shall include all documents executed or delivered in connection with such loan to the extent such documents are in the loan file relating to such loan, any and all collateral held as security therefor or in which a security interest, Lien or mortgage has been granted and any and all guarantees, insurance and other credit enhancements relating thereto, together with Accrued Interest thereon, all as exists at the close of business on the day on which such loan is purchased by Purchaser pursuant to the terms hereof.