Delinquent Loans definition

Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.

Delinquent Loans means (i) all Loans with principal and/or interest that are 30-89 days past due, (ii) all Loans with principal and/or interest that are at least 90 days past due and still accruing, and (iii) all Loans with principal and/or interest that are nonaccruing.

Delinquent Loans means all Loans for which any payment is thirty (30) days or more past due.

Examples of Delinquent Loans in a sentence

• The period of time by which the Asset Review Report must be completed and delivered may be extended by up to an additional 30 days, upon written notice to the parties to this Agreement and the applicable Mortgage Loan Seller(s), if the Asset Representations Reviewer determines pursuant to the Asset Review Standard that such additional time is required due to the characteristics of the Delinquent Loan(s) and/or the Mortgaged Property or Mortgaged Properties.

• The special servicer shall comply in all respects with, and shall service such Special Servicer Delinquent Loans in accordance with, this Agreement to the same extent that the Master Servicer is required to under this Agreement.

• The special servicer shall indemnify the Master Servicer for any losses, liabilities or damages incurred by the Master Servicer as a result of the special servicer’s servicing of any Special Servicer Delinquent Loan and shall reimburse the Master Servicer for any and all Advances, out of pocket expenses and accrued Servicing Fees made with respect to such Special Servicer Delinquent Loans transferred to the special servicer.

• In addition, on each of the next three Distribution Dates and for every Distribution Date occurring in the last month of each Fiscal Quarter thereafter, if a Special Servicing Trigger is in effect the Majority Class CE Certificateholder shall have the option to direct the Master Servicer to transfer any additional Special Servicer Delinquent Loans as of such Distribution Dates to the special servicer.

• The special servicer shall comply in all respects with, and shall service such Delinquent Loans in accordance with, this Agreement to the same extent that the Master Servicer is required to under this Agreement.

More Definitions of Delinquent Loans

Delinquent Loans means Mortgage Loans which are ____________ days Delinquent.

Delinquent Loans means loans made under the Chapter 166 Direct Loan Program which are more than 60 days delinquent in the payment of principal or interest.

Delinquent Loans means, at any time, the sum of (i) the aggregate unpaid principal amount of Commercial Loans and Mortgage Loans owned by any Company which are 31 or more days delinquent (whether under the initial payment plan or a modified payment plan established pursuant to a workout), plus (ii) assets acquired in satisfaction of debt, including any assets acquired through foreclosure, by deed in lieu of foreclosure, liquidation or other similar actions, plus (iii) Commercial Loans and Mortgage Loans then subject to any legal suit, arbitration proceeding or other similar action or proceeding.

Delinquent Loans shall be Serviced Loans that are sixty (60) days or more past due (as defined throughout using the MBA method), as determined by JPMorgan each month pursuant to Paragraph 5. Eligible Loans are Delinquent Loans that meet the requirements of transfer in Paragraph 5(b).2 Subject to the proviso in clause (ii) above, nothing in this Subservicing Protocol shall be construed to prevent JPMorgan from selling any servicing rights as set forth in Section 6.02 of the Settlement Agreement.

Delinquent Loans means any Mortgage Loan with respect to which, as of the Closing Date:

Delinquent Loans means the total of the unguaranteed portions of SBA 7(a) program loans in the Company’s portfolio that are delinquent thirty (30) days or greater. For purposes of this definition, loans that are extended under the SBA’s statutory deferment program and standard operating procedures for a period of up to ninety (90) days shall not be considered “delinquent”.

Delinquent Loans means, collectively, Delinquent "30 - 59" Loans and Delinquent "60 - 89" Loans.