Defaulted Loans definition

Defaulted Loans means any Mortgage Loan in relation to which there are 1 (one) or more Defaulted Receivables.

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

Defaulted Loans means all Loans for which any payment is one hundred and twenty (120) days or more past due.

Examples of Defaulted Loans in a sentence

As noted above, however, Defaulted Loans in the Portfolio will be given a reduced weighting for the purposes of the calculation of the Asset Coverage Test and the Amortisation Test.
Defaulted Loans in the Portfolio will be given a reduced weighting for the purposes of the calculation of the Asset Coverage Test and the Amortisation Test.
On or before each Determination Date the Servicer may deposit into the Collection Account an amount equal to the aggregate amount of Servicer Advances, if any, with respect to Scheduled Payments on Pledged Loans (which are not Defaulted Loans) for the preceding Due Period which are not received on or prior to such Payment Date.
As noted above, however, Defaulted Loans in the Portfolio will be given a reduced weighting for the purposes of the calculation of the Asset Coverage Test and the Amortisation Test.Additionally, loans originated by a member of Lloyds Banking Group, other than Lloyds Bank plc and BOS, may be included in the Portfolio.
The proceeds from an investment plan or other investment may be insufficient to cover the repayment of principal of the loan which may result in a default by the Borrower.Any Defaulted Loans in the Portfolio will be given a reduced weighting for the purposes of any calculation of the Asset Coverage Test and the Amortisation Test.

Defaulted Loans means any Loan not made by any Lender when required hereunder.

Defaulted Loans has the meaning assigned to that term in subsection 2.1C.

Defaulted Loans shall be those Loans that are ninety (90) days or more past due and have triggered an acceleration of the Loan and written notice to the borrower of such, as evidenced by documents defined in Section 3.04.

Defaulted Loans means the Loans in respect of which the relevant Borrower is in arrears for a period exceeding ninety (90) days or, if earlier, either in respect of which an instruction has been given to the civil-law notary to start foreclosure proceedings or the Borrower has been declared bankrupt or become subject to a reorganisation scheme ("schuldsaneringsregeling").

Defaulted Loans means the Mortgage Loans identified in Section 5.13 of the Seller Disclosure Schedule as Defaulted Loans.

Defaulted Loans means the failure of a borrower to make an installment payment when due or to comply with other terms of the note or other written agreement evidencing a loan in accordance with the conditions and requirements of the act and the secretary specified in the provisions of 34 C.F.R. SS682.200 and 682.412. These provisions are adopted by reference in R 390.1491.