Excluded Loans definition

Excluded Loans means any and all loans which are not transferred and conveyed pursuant to this Agreement by Seller to Purchaser, including Rejected Loans, New Loans, Excess Loans, and Classified Loans, except to the extent the parties otherwise agree to transfer any such loans and accordingly amend Exhibit 1.1(f) to reflect such agreement.

Excluded Loans has the meaning given such term in Section 2.1.2 of this Agreement.

Excluded Loans means any loans that are not Iron Ore Loans or Sole Risk Loans, and includes:

Examples of Excluded Loans in a sentence

• The Excluded Loans outstanding from time to time for any Loan Action Date shall be identified as such on each Loan Schedule delivered on the Monthly Determination Date relating to such Loan Action Date.

• In particular, Purchaser understands that it is not purchasing, and has no claim, right or interest in the Excluded Loans.

• From the date hereof until the Closing Date, Seller shall provide Purchaser, within ten (10) days of the end of each calendar month, a loan report showing all Final Initial Loans and any New Loans (other than loans that are otherwise Excluded Loans).

• Once excluded loans pursuant to Subsection (b)(vi) have been reported to the Trustees pursuant to this paragraph, JPMorgan shall not be required to include such loans in any subsequent Monthly Excluded Loans.

• Schedule 1.1B.1(b) shall identify the Excluded Loans by loan number and borrower.

More Definitions of Excluded Loans

Excluded Loans means the loans described on Schedule 1.1(i) hereto.

Excluded Loans has the meaning set forth in Section 2.11(g) hereof.

Excluded Loans. An Excluded Loan is any loan, loan participation, overdraft, or commitment that is not a Loan or (i) is, or has been, 90 days past due during the last 12 months, or (ii) has been renewed or has had its terms restructured without Purchaser’s consent in accordance with Section 5.17; or (iii) would be required to be classified as a troubled debt restructuring pursuant to GAAP;

Excluded Loans means those loans which are secured by bank stock, time shares, property with significant environmental clean up requirements (as determined by Agent), any assets which are located outside of the United States (other than Designated Countries), or other assets designated by Agent from time to time in writing to AMRESCO.

Excluded Loans means Loans that (i)fail to satisfy Buyer’s underwriting standards because such Loan would qualify as an exception that would otherwise require board or committee approval by Buyer with such determination made by Buyer on or before the Estimation Date; (ii) have a borrower or guarantor, as of the Closing Date, subject to a proceeding under applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws; (iii) have a status of “Matured/Not Paid” (or equivalent status indication as of the Closing Date); (iv) are secured by commercial (i.e. non-residential) real property that is not owner occupied with a loan to value ratio of seventy-five percent (75%) or greater as of the Closing Date; (v) are secured by commercial (i.e. non-residential) real property that is owner occupied with a loan to value ratio of eighty percent (80%) or greater as of the Closing Date, or (vi) have no maturity date, in each case as identified on Schedule 1.1(a) as of the Closing Date.

Excluded Loans has the meaning set forth in Section 1.

Excluded Loans means any and all loans transferred to Seller pursuant to that certain Purchase and Assumption Agreement dated June 8, 2012 by and between Seller and the Federal Deposit Insurance Corporation as Receiver of Waccamaw Bank, including any interest in, collateral securing, documents evidencing, servicing rights or any other assets or rights relating thereto, and any renewals, extensions, substitutions or replacements of any of the foregoing.