Initial and Additional Loans definition

Initial and Additional Loans means the Loans listed on the Schedule of Initial and Additional Loans attached hereto as Schedule A.
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Initial and Additional Loans means the closed-end home equity loans identified on the Schedule of Initial and Additional Loans attached hereto as Schedule A, including without limitation all related mortgages, deeds of trust and security deeds and any and all rights to receive payments due pursuant thereto after the Cut-off Date.
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Examples of Initial and Additional Loans in a sentence

  • Such representations are made as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Initial and Additional Loans and the Initial Other Conveyed Property hereunder and the sale, transfer and assignment thereof by CFSC to the Trustee under the Pooling and Servicing Agreement.

  • It is the intention of CFC and CFSC that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Initial and Additional Loans and the Initial Other Conveyed Property from CFC to CFSC, conveying good title thereto free and clear of any Liens, and the Initial and Additional Loans and the Initial Other Conveyed Property shall not be part of CFC's estate in the event of the filing of a bankruptcy petition by or against CFC under any bankruptcy or similar law.

  • CFC has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Initial and Additional Loans and the Initial Other Conveyed Property transferred to CFSC.

  • CFSC has the power, authority and legal right to execute and deliver this Agreement and its Related Documents and to carry out the terms hereof and thereof and to acquire the Initial and Additional Loans and the Initial Other Conveyed Property hereunder; and the execution, delivery and performance of this Agreement and its Related Documents and all of the documents required pursuant hereto or thereto have been duly authorized by CFSC by all necessary action.

  • CFC makes the following representations and warranties, on which CFSC relies in purchasing the Initial and Additional Loans and the Initial Other Conveyed Property and in transferring the Initial and Additional Loans and the Initial Other Conveyed Property to the Trustee under the Pooling and Servicing Agreement.

  • CFSC makes the following representations and warranties, on which CFC relies in selling, assigning, transferring and conveying the Initial and Additional Loans and the Initial Other Conveyed Property to CFSC hereunder.

  • Subject to the terms and conditions of this Agreement, CFC hereby sells, transfers, assigns, and otherwise conveys to CFSC without recourse (but without limitation of its obligations in this Agreement or in the Pooling and Servicing Agreement), and CFSC hereby purchases, all right, title and interest of CFC in and to the Initial and Additional Loans and the Initial Other Conveyed Property.

  • SECTION 2.1. Conveyance of the Initial and Additional Loans and the Initial Other Conveyed Property.

  • Such representations are made as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Initial and Additional Loans and the Initial Other Conveyed Property hereunder and the sale, transfer and assignment thereof by CFSC to the Trust under the Pooling and Servicing Agreement.

  • No other state represents more than 5.00% of the aggregate Cut-off Date Principal Balances of the Initial and Additional Loans.

Related to Initial and Additional Loans

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

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

  • 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.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Initial Loan is defined in Section 2.1.

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

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Additional Lenders has the meaning assigned to such term in Section 2.18(b).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

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

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

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

  • New Term Loans as defined in Section 2.24.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).