Initial Loan Assets definition

Initial Loan Assets means any assets acquired by the Issuer from the Trust Depositor on the Closing Date pursuant to Section 2.01, which assets shall include the Trust Depositor’s right, title and interest in the following:

Initial Loan Assets has the meaning given to such term in Section 2.01(b).

Initial Loan Assets means the Loan Assets included in the Collateral Portfolio as of the Closing Date.

Examples of Initial Loan Assets in a sentence

• The Originator makes, and upon each conveyance of Subsequent Loans or Substitute Loans, is deemed to make, the representations and warranties in ‎Section 3.01 through ‎Section 3.04, on which the Issuer will rely in purchasing the Initial Loan Assets on the Closing Date (and, any Subsequent Loan Assets or Substitute Loan Assets on the relevant Transfer Date), and on which the Noteholders will rely.

• On the Closing Date, simultaneously (i) the Issuer shall deliver the Notes to the Initial Purchasers, (ii) the Originator will sell, convey and assign all its right, title and interest in the Initial Loan Assets to the Issuer in accordance with Section 2.02 of the Sale and Servicing Agreement, and (iii) the Initial Purchasers shall transfer to the Advance Account, for deposit in same day funds, the Initial Advance.

More Definitions of Initial Loan Assets

Initial Loan Assets means, the Loan Assets, as set forth on part A of Schedule I, delivered on the Closing Date.

Initial Loan Assets means, the Loan Assets, as set forth on part A of Schedule I, delivered on the Closing Date. “Initial Portfolio Assets” means, the Initial Loan Assets and Initial Equity Investments.

Initial Loan Assets means the Loan Assets included in the Initial Transferred Assets.

Initial Loan Assets means any assets acquired by the Issuer from the Originator on the Closing Date pursuant to S ection 2.01, which assets shall include the Originator’s right, title and interest in the following: