Interest Reserve Loan definition

Interest Reserve Loan. Each Actual/360 Mortgage Loan.
Interest Reserve Loan. Each Mortgage Loan that is an Actual/360 Mortgage Loan (or any successor REO Mortgage Loan with respect thereto).
Interest Reserve Loan. Each Trust Mortgage Loan that is an Actual/360 Mortgage Loan and each Trust REO Loan that relates to an Actual/360 Mortgage Loan.

Examples of Interest Reserve Loan in a sentence

  • The Borrower shall apply the Loan (excluding the Interest Reserve Loan) exclusively to construction, operation, financial and other project costs in connection with the Project.

  • Within thirty (30) days, the Association shall prepare and submit to the Regional Director for review a written schedule of all loans with interest reserves (Interest Reserve Loan Schedule).

  • The par amount equal to $203,098,753 (plus accrued interest, less an amount equal to two days’ interest for each Interest Reserve Loan sold by Seller to Purchaser, and in any event subject to certain adjustments pursuant to that certain Memorandum of Understanding dated as of November 25, 2013 and entered into between Seller, Bank of America, National Association and Xxxxxx Xxxxxxx Mortgage Capital Holdings LLC).

  • Please list the current prescription and non-prescription medications you are currently taking, specify strength and frequency.

  • The par amount equal to $605,469,347 (plus accrued interest, less an amount equal to two days’ interest for each Interest Reserve Loan sold by Seller to Purchaser, and in any event subject to certain adjustments pursuant to that certain Memorandum of Understanding dated as of November 25, 2013 and entered into between Seller, Bank of America, National Association and CIBC Inc.).


More Definitions of Interest Reserve Loan

Interest Reserve Loan. Any Pooled Mortgage Loan that is an Actual/360 Mortgage Loan (or any successor REO Pooled Mortgage Loan with respect thereto).
Interest Reserve Loan. Each Actual/360 Mortgage Loan (excluding, with respect to the Componentized Mortgage Loan, the related Non-Pooled Component).
Interest Reserve Loan. A Mortgage Loan that bears interest computed on an Actual/360 Basis.
Interest Reserve Loan means any Mortgage Loan or REO Loan in the Mortgage Pool that accrues or is deemed to accrue interest on an Actual/360 Basis.
Interest Reserve Loan. Each Mortgage Loan that is an Actual/360 Mortgage Loan except with respect to two Actual/360 Mortgage Loans (control numbers 3 and 70) for the period during which such Mortgage Loans provide for interest payments to be made in equal monthly installments.
Interest Reserve Loan. Any Mortgage Loan (or successor REO Loan) that accrues interest on an Actual/360 Basis.
Interest Reserve Loan. Each Mortgage Loan (other than the Starrett-Lehigh Building Subordinate Loan) that is an Actual/360 Mortgage Loan.