Loan Asset Certificate definition

Loan Asset Certificate means, with respect to any Loan Asset, a completed certificate substantially in the form of Exhibit D, prepared by Borrower (or the Portfolio Asset Servicer on behalf of the Borrower) certifying, among other things, whether such Loan Asset is an Eligible Loan Asset.

Loan Asset Certificate means, with respect to any Loan Asset, a completed certificate substantially in the form of Exhibit F, prepared by Borrower (or the Portfolio Asset Servicer on behalf of the Borrower) certifying, among other things, whether such Loan Asset is an Eligible Loan Asset.

Loan Asset Certificate means, with respect to any repurchase of Ineligible Loans or any transfer of Substitute Loans or Additional Loans to the Issuer in accordance with Section 11.01 or Section 2.06, as applicable (and the Trust Depositor’s corresponding prior purchase of such Loans from the Originator), a notice in the form of Exhibit F, signed both by the Trust Depositor and the Originator, (i) identifying the Loans to be repurchased or the Substitute Loans or Additional Loans to be transferred, and the date of repurchase or Cut-Off Date with respect to such Loan Assets to be repurchased, Substitute Loans or Additional Loans, and (x) in the case of a Loan Asset Certificate relating to Additional Loans, the Outstanding Loan Balance of such Loans, or (y) in the case of a Loan Asset Certificate relating to Loan Assets to be repurchased or Substitute Loans, the reasons for the repurchase or substitution and the Transfer Deposit Amount in respect of such Loan Assets, and (ii) certifying that after giving effect to the acquisition or substitution of such Loans by the Issuer, the Portfolio Acquisition and Disposition Requirements and, solely with respect to any such acquisition or substitution effected after the Effective Date, the Portfolio Criteria, are satisfied.

Examples of Loan Asset Certificate in a sentence

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• The Borrower (or the Portfolio Asset Servicer on its behalf) shall deliver to the Collateral Custodian hard copies of the Required Loan Documents and the Loan Asset Checklist and Loan Asset Certificate pertaining to each such Loan Asset in accordance with Article IX within five Business Days following the Cut-Off Date pertaining to such Loan Asset or such later date as the Initial Lender may agree.

• The NRC staff‘s review confirmed that the applicant addressed the required information relating to EP, and there is no outstanding information expected to be addressed in the VCSNS COL FSAR related to this section.