Examples of Defaulted Loan in a sentence

For the avoidance of doubt, notwithstanding anything to the contrary set forth herein or in any other Loan Document, the Services Provider shall have no obligation to substitute, repurchase or purchase any Credit Risk Loan, Defaulted Loan or Post-Transition S&P CCC Collateral Loan.
The Borrower or the Services Provider may direct the Collateral Agent in writing to sell any Defaulted Loan at any time during or after the Reinvestment Period without restriction.
Each such Defaulted Loan will be treated as a Defaulted Loan for all purposes until such time as the Aggregate Principal Balance of Current Pay Loans would not exceed, on a pro forma basis including such Defaulted Loan, the applicable percentage of Total Capitalization.

More Definitions of Defaulted Loan

Defaulted Loan. A Serviced Loan (i) that is delinquent at least sixty days in respect of its Monthly Payments or delinquent in respect of its Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any grace period permitted by the related Mortgage or Note and without regard to any acceleration of payments under the related Mortgage and Note or (ii) as to which the Master Servicer or Special Servicer has, by written notice to the related Mortgagor, accelerated the maturity of the indebtedness evidenced by the related Note.

Defaulted Loan means any Collateral Loan as to which:

Defaulted Loan. As of any Determination Date, any Loan for which any payment of principal of or interest on such Loan is more than 89 days past due, determined without giving effect to any grace period permitted by the related Mortgage or Mortgage Note or any other document in the Mortgage File.

Defaulted Loan as defined in Section 2.21.

Defaulted Loan shall have the meaning assigned to such term in Section 2.16(c).

Defaulted Loan means any Loan that a Defaulting Lender has failed to make.

Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.