Examples of Loan Contracts in a sentence
Funding agrees to accept the assignment of the Purchased Loans and Purchased Loan Contracts arising from the satisfaction of a Dealer Loan resulting from a Dealer Collections Purchase by CAC in satisfaction of such Dealer Loan secured by the related Dealer Loan Contracts.
The Servicer, at its expense, shall obtain on behalf of the Trust all licenses, if any, required by the laws of any jurisdiction to be held by the Trust in connection with ownership of the Loans and the Purchased Loan Contracts and its security interest in the Dealer Loan Contracts, and shall make all filings and pay all fees as may be required in connection therewith during the term hereof.
Furthermore, CAC agrees to supplement and update Exhibit A by delivering to Funding a copy of the list delivered pursuant to Section 4.18 of the Sale and Servicing Agreement, identifying the Purchased Loan Contracts and related Subsequent Conveyed Property identified therein arising from a Dealer Collections Purchase.
It is understood and agreed that with re- spect to all loan agreements previously en- tered into by and between RUS and the Bor- rower (hereinafter being referred to as ‘‘Prior Loan Contracts’’) the Borrower shall be required, after the date hereof, to meet af- firmative and negative covenants as set forth in this Agreement rather than those set forth in the Prior Loan Contracts.
For the avoidance of doubt, all Collections on such Purchased Loan Contracts shall be included in Available Funds.