Loan Purchase Amount definition

Loan Purchase Amount shall have the meaning set forth in the definition of “Dutch Auction.”
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Loan Purchase Amount means with respect to a Delayed Delivery Loan, a New Loan or a Serial Loan to be purchased from the Seller by the Issuer, an amount equal to the sum of (i) the Purchase Collateral Balance and (ii) the Purchase Premium Amount; provided, however, that after the Revolving Period, the Purchase Premium Amount payable in respect of the purchase of a Serial Loan will be payable on the next succeeding Quarterly Payment Date from Reserve Account Excess, if any, for such Quarterly Payment Date in accordance with Section 2.02(c) of the Loan Sale Agreement; and provided, further, that if the Parity Date occurs before the end of the Revolving Period, then, from the Parity Date to the end of the Revolving Period, the Purchase Premium Amount payable in respect of the purchase of a Serial Loan or a New Loan will be payable on the next succeeding Quarterly Payment Date from Reserve Account Excess, if any, for such Quarterly Payment Date that is available after all distributions from such excess having a higher priority than payment of such Purchase Premium Amounts have been made in accordance with Section 2(e) of the Administration Agreement; provided, however, that the Loan Purchase Amount for any Exchanged Serial Loan shall not include any Purchase Premium Amount.
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Loan Purchase Amount means, with respect to any Purchased Loan, the sum of (A) the product of (i) the outstanding principal balance of such Purchased Loan as of the Effective Time (excluding FASB91 fees and costs), multiplied by (ii) the applicable percentage set forth on Exhibit “A” attached hereto, plus (B) all accrued and unpaid interest thereon as of the Effective Time.
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Examples of Loan Purchase Amount in a sentence

  • Concurrently with the execution and delivery hereof, the Trustee shall (a) execute and deliver the Clipper Loan Sale Agreement, and withdraw from the Certificate Account the Clipper Mortgage Loan Purchase Amount and apply such amount to payment of the purchase price for the assets conveyed to the Trustee under the Clipper Loan Sale Agreement and (b) execute and deliver the Protective Transfer Agreement.

  • On the Closing Date, the Company will acquire the REMIC I Regular Interests and the Class R-1 Certificates from the REMIC I Trust Fund as consideration for its transfer to the Trust Fund of the PNC Mortgage Loans and certain other assets and the deposit into the Certificate Account of the Clipper Mortgage Loan Purchase Amount and will be the owner of the REMIC I Regular Interests and the Class R-1 Certificates.

  • In the event that any such events occur on or prior to the Loan Purchase Date, the undersigned will deliver to TVA a substitute Purchase Price Notice reflecting the adjusted Loan Purchase Amount.

  • It is agreed between the Parties, that Mepha Germany shall assign and transfer to the Seller at Closing, and the Seller shall as per the Closing Date acquire from Mepha Germany the German VEM Loan (including all rights of Mepha Germany thereunder, including, but no limited to, the right to receive interest during the entire term of the German VEM Loan Agreement), at the nominal value of the German VEM Loan Purchase Amount.

  • Loan by the Seller shall correspond to the total VEM Loan Purchase Amount.

  • The VEM Loan Purchase Amount to be paid to the Company pursuant to this Section 2.5 shall be converted to Swiss Francs using the European Central Bank’s Official Rate for exchanges between Euro and Swiss Francs at 3:00 p.m. CET on the Business Day prior to the Closing Date.

  • On the Closing Date, the Company will acquire the Certificates from the REMIC I Trust Fund as consideration for its transfer to the Trust Fund of the PNC Mortgage Loans and certain other assets and the deposit into the Certificate Account of the Clipper Mortgage Loan Purchase Amount and will be the owner of the Certificates.

  • The VEM Loan Purchase Amount will be notified by the Seller and the Company to the Buyer no later than one day prior to the Closing and shall be settled by the Seller on the Closing Date by instructing the Buyer to deduct the VEM Loan Purchase Amount from the Equity Purchase Price and to pay such VEM Loan Purchase Amount at the Closing Date directly to the Company in accordance with Section 4.3.2(c).

  • The Existing Agent shall have received the Aggregate Loan Purchase Amount, as set forth on Exhibit A attached hereto.

  • The Buyer has available on the date hereof and will have available on the Closing Date the funds necessary in order to pay on the Closing Date an amount equal to the Equity Purchase Price (including the VEM Loan Purchase Amount and the German VEM Loan Purchase Amount) plus the Time Based Purchase Price Adjustment Amount.


More Definitions of Loan Purchase Amount

Loan Purchase Amount means the aggregate principal amount of the Purchased Loans net of charge-offs, plus accrued and unpaid interest thereon (except with respect to Purchased Loans that are 90 days past due or classified by Seller as non-accrual) as of the Effective Time, minus the Loan Loss Reserve Amount.
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Loan Purchase Amount means with respect to a Prefunded Loan or a Serial Loan to be purchased from the Depositor by the Issuer, an amount equal as of the related Subsequent Cut-off Date, to the principal balance of such loan plus accrued borrower interest thereon if and to the extent that such interest is not then payable and will, pursuant to the terms of such loan, be capitalized and added to the principal balance of such loan.
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Loan Purchase Amount means with respect to a New Loan or a Serial Loan to be purchased from the Seller by the Depositor, and by the Issuer from the Depositor, an amount equal to the sum of (i) the Purchase Collateral Balance and (ii) the Purchase Premium Amount; provided, however, that after the Revolving Period, the Purchase Premium Amount payable in respect of the purchase of a Serial Loan will be payable on the next succeeding Quarterly Payment Date from Reserve Account Excess, if any, for such Quarterly Payment Date; and provided, further, that if the Parity Date occurs before the end of the Revolving Period, then, from the Parity Date to the end of the Revolving Period, the Purchase Premium Amount payable in respect of the purchase of a Serial Loan or a New Loan will be payable on the next succeeding Quarterly Payment Date from Reserve Account Excess, if any, for such Quarterly Payment Date that is available after all distributions from such excess having a higher priority than payment of such Purchase Premium Amounts have been made.]
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Loan Purchase Amount shall have the meaning set forth in the definition of “Dutch Auction.” “Loans” shall mean the Term Loans, the Other Term Loans, and any other loans created pursuant to an Extension. “Majority Lenders” of any Tranche shall mean those Non-Defaulting Lenders which would constitute the Required Lenders under, and as defined in, this Agreement if all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated. “Mandatory Prepayment Date” shall have the meaning set forth in Section 4.02(f). “Margin Stock” shall have the meaning set forth in Regulation U of the Board. “Market Capitalization” means an amount equal to (i) the total number of issued and outstanding shares of Capital Stock of the Holdings (or any successor entity) or any direct or indirect parent of the Holdings on the date of the declaration or making of the relevant Restricted Payment multiplied by (ii) the arithmetic mean of the closing prices per share of such Capital Stock for the 30 consecutive trading days immediately preceding the date of declaration or making of such Restricted Payment. “Material Adverse Effect” means (a) on the Closing Date, a Company Material Adverse Effect (as defined in the Closing Date Acquisition Agreement) and (b) at any time after the Closing Date, (i) a material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent), or financial condition of the Parent Borrower and its Subsidiaries taken as a whole; (ii) a material impairment of the ability of the Loan Parties, taken as a whole, to perform its obligations under any Loan Document to which they are a party; or (iii) a material impairment of the rights and remedies of the Administrative Agent or any Lender under any Loan Document or a material adverse effect upon the legality, validity, binding effect or enforceability against the Loan Parties, taken as a whole, of any Loan Document to which they are a party. “Material Indebtedness” shall have the meaning set forth in Section 7.07(b). “Materials of Environmental Concern” shall mean any pollutants, contaminants, wastes, toxic, hazardous, explosive or radioactive materials, or substances, including any petroleum or petroleum products, asbestos, polychlorinated biphenyls, lead or lead-based paints or materials, potentially infectious medical waste, radon, urea-formaldehyde insulation, molds, fungi, mycotoxins, radioac...
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Related to Loan Purchase Amount

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to the sum of (i) the Aggregate Principal Balance of all Collateral Obligations sold and/or contributed to the Buyer by the Seller (directly or indirectly) hereunder prior to such date plus (ii) the Aggregate Principal Balance of all Collateral Obligations acquired by the Buyer other than from the Seller prior to such date, in each case calculated as of the date of the Buyer’s acquisition thereof.

  • Receivables Purchase Price The amount described in Section 2.02 of the Pooling Agreement.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Defaulted Mortgage Loan Purchase Price means, in connection with the purchase of the A Notes by the Note B Holder, the sum, without duplication, of each of the following to the extent that such amounts have not been previously paid or reimbursed pursuant to Section 3 or Section 4 of this Agreement: (a) the Note A Principal Balance, (b) accrued and unpaid interest, on the Note A Principal Balance at the Note A Rate from the date as to which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest accrual period relating to the Monthly Payment Date next following the date the purchase occurred, (c) any other amounts due under the Mortgage Loan to the Note A Holders, other than Prepayment Premiums, default interest, late fees, exit fees and any other similar fees, provided that if a Borrower Party is the purchaser, the Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, default interest, late fees, exit fees and any other similar fees, (d) without duplication of amounts under clause (c), any unreimbursed Advances and any expenses incurred in enforcing the Mortgage Loan Documents (including, without limitation, Property Protection Advances payable or reimbursable to any Servicer, and special servicing fees incurred by or on behalf of the Note A Holders), (e) without duplication of amounts under clause (c), any accrued and unpaid Advance Interest Amount with respect to an Advance made by or on behalf of the Note A Holders, (f) (x) if a Borrower Party is the purchaser, or (y) if the Mortgage Loan is purchased more than ninety (90) days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under the Servicing Agreement with respect to the Mortgage Loan and (g) any Recovered Costs not reimbursed previously to the Note A Holders pursuant to this Agreement. Notwithstanding the foregoing, if the purchasing Noteholder is purchasing from a Borrower Party, the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under clauses (d) through (f) of this definition. If the Mortgage Loan is converted into a Foreclosure Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest will be deemed to continue to accrue on Note A at the Note A Default Rate as if the Mortgage Loan were not so converted. In no event shall the Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this Agreement.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Final Purchase Price has the meaning set forth in Section 2.02.