Loan Action Date definition

Loan Action Date means any Payment Date.

Loan Action Date means the opening of business on the first calendar day of any Collection Period.

Loan Action Date means any Payment Date. SALE AND SERVICING AGREEMENT (RMIT 2022-2B) - Schedule II - 19

Examples of Loan Action Date in a sentence

• If a Reinvestment Criteria Event has occurred as of a Loan Action Date and remains outstanding as of the next three consecutive Payment Dates, then an Early Amortization Event shall be deemed to occur and such third Payment Date will be deemed to fall within the amortization period.

• If a Reinvestment Criteria Event is outstanding as of three consecutive Loan Action Dates and remainsoutstanding on such third Loan Action Date, then an Early Amortization Event shall be deemed to occur and such third Loan Action Date (and, for the avoidance of doubt, the subsequent Payment Date) will be deemed to fall within the amortization period.

• If a Reinvestment Criteria Event is outstanding as of three (3) consecutive Loan Action Dates and remains outstanding on such third Loan Action Date, then an Early Amortization Event shall be deemed to occur and such third Loan Action Date (and, for the avoidance of doubt, the Payment Date on which such Loan Action Date occurs) will be deemed to fall within the amortization period.

• If a Reinvestment Criteria Event is outstanding as of three consecutive Loan Action Dates and remains outstanding on such third Loan Action Date, then an Early Amortization Event shall be deemed to occur and such third Loan Action Date (and, for the avoidance of doubt, the subsequent Payment Date) will be deemed to fall within the amortization period.

• No Loan Actions may occur in connection with any Loan Action Date unless no Reinvestment Criteria Event will exist after giving effect to all such Loan Actions in connection with such Loan Action Date.

• In addition, the Depositor agrees no later than the Monthly Determination Date following the end of each Collection Period, to deliver or cause to be delivered to the Issuer, an - 2 - updated Loan Schedule all Loans that will constitute Sold Assets as of the close of business on the related Loan Action Date (after giving effect to all Loan Actions on such Loan Action Date).

• Loan Action Date Aggregate Loan Principal Balance (12) End of Collection Period Adjusted Loan Principal Balance (12) (13) Additional Loans acquired on the Loan Action Date (13) (14) Designate additional Excluded Loans (not Charged-Off or Delinquent) (14) (15) Designate Excluded Loans as not Excluded Loans (not Charged-Off or Delinquent) (15) (16) Reassigned Loans to the Depositor (16) (17) Loan Action Date Aggregate Principal Balance (17) B-1 III.

• In the early 1960s, a separate biocidewas also apparently added to assist in the control of algae, fungi, and/or bacteria (Betz 1965).At the outset, hexavalent chromium was used in the Compressor Station cooling towers.

• No Loan Action may occur on any date other than a Loan Action Date.

More Definitions of Loan Action Date

Loan Action Date means (i) in the case of an Additional Loan Purchase which is permitted by Section 2.08 of the Sale and Servicing Agreement, the related Addition Date, (ii) in the case of an Issuer Loan Release which is permitted pursuant to Section 2.10 of the Sale and Servicing Agreement, the related Reassignment Date and (iii) otherwise, a Monthly Loan Action Date; provided, that Servicer on behalf of the Issuer shall notify the Administrative Agent in writing of one or more calendar days specified in clause (i) or (ii) above other than the Monthly Loan Action Date upon which it intends to take any Loan Action.