GMAC Loans definition

GMAC Loans. Those Mortgage Loans subject to this Agreement which were purchased by EMC from GMAC pursuant to the GMAC Servicing Agreement.
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GMAC Loans the Tranche C Loans made by the Lender to the Borrower which have been designated by the Borrower to be used to fund Additional GMAC Transfers.
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GMAC Loans the Loans made by the Treasury to the Borrower, in an aggregate amount not exceeding the GMAC Sublimit solely for the purpose specified in Section 6.5 of the GMAC Master Agreement.
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Examples of GMAC Loans in a sentence

  • The aggregate amount of Tranche C Loans which are GMAC Loans may not exceed the GMAC Sublimit.

  • Notwithstanding anything to the contrary herein, any GMAC Loan requested to be made in accordance with Section 2.3 shall be subject only to the satisfaction of the condition that the Treasury shall have received a Use of Proceeds Statement; provided that, the GMAC Loans may be used solely to fund Additional GMAC Transfers.

  • Subject to the terms and conditions hereof, the Lender agrees to make term loans (each, a “Tranche C Loan”) to the Borrower from time to time during the Tranche C Commitment Period in an aggregate amount not exceeding the Tranche C Commitment, provided that the GMAC Sublimit may only be utilized to borrow GMAC Loans.

  • The proceeds of the Loans shall be used to finance the consideration to be paid under the Master Transaction Agreement and to finance the payment of fees and expenses related to the Related Transactions and the Loan Documents, and for the working capital purposes of the Borrower and its Subsidiaries; provided, that the GMAC Loans shall be used solely to fund Additional GMAC Transfers.


More Definitions of GMAC Loans

GMAC Loans. Those Mortgage Loans subject to this Agreement which were purchased by the Seller from GAMC pursuant to the GAMC Servicing Agreement.
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Related to GMAC Loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Other Revolving Loans shall have the meaning assigned to such term in Section 2.21.