LIQUIDATED SBA LOAN definition
LIQUIDATED SBA LOAN. Any defaulted SBA Loan or Foreclosed Property as to which the Servicer has determined that all amounts which it reasonably and in good faith expects to recover have been recovered from or on account of such SBA Loan.
LIQUIDATED SBA LOAN. Any defaulted SBA Loan, Repossessed Collateral ------------------- or Foreclosed Property as to which the Servicer has determined that all amounts which it reasonably and in good faith expects to recover have been recovered from or on account of such SBA Loan. LIQUIDATION PROCEEDS: Cash, including Insurance Proceeds, proceeds of -------------------- any Foreclosed Property Disposition, revenues received with respect to the conservation and disposition of a Foreclosed Property or Repossessed Collateral, and any other amounts received in connection with the liquidation of defaulted SBA Loans, whether through trustee's sale, foreclosure sale or otherwise. LOAN GUARANTY AGREEMENT: Collectively, one or more Loan Guaranty ----------------------- Agreements (Deferred Participation) (SBA Form 750), between the SBA and the Servicer, as such agreements may be amended from time to time, or such Loan Guaranty Agreement as applicable to a successor to the Servicer, as the case may be.