Examples of Loan Receivable in a sentence
Any Loan Receivable subject to the Buyback Obligation or Repurchase will be repurchased by the Lending Company at a price equal to the outstanding principal amount of the Loan Receivable together with any accrued but unpaid Interest and any Late Payment Interest up to (but excluding) the repurchase date.
Any Loan Receivable subject to the Buyback Obligation or Repurchase (i) will be repurchased by the Lending Company at a price equal to the outstanding principal amount of the Loan Receivable together with any accrued but unpaid Interest and any Late Payment Interest up to (but excluding) the repurchase date, or (ii) the respective Loan will be repaid to the SPV in full together with any accrued but unpaid Interest and any Late Payment Interest up to (but excluding) the full repayment date.
Each Auto Loan Receivable derives from an Auto Loan Agreement which has been entered into among the Trustor of the First Trust, the Guarantor, the Dealer and an Obligor.
If an Obligor fails to make monthly installment payments due on the Auto Loan Receivables for three (3) months or more, or in relation to which the unpaid balance is capable of being accelerated as a result of the occurrence of any of the events of default prescribed in the Auto Loan Agreement, the Guarantor will pay the outstanding amount of the Auto Loan Receivable in accordance with the Guarantee Agreement.
The said demand, raised originally on ITCL (as Trustees to Indian Corporate Loan Securitization Trust 2008 Series 33, Loan Receivable Trust April 2008, Indian Commercial Loan Trust Series II 2008, Indian Commercial Loan Trust Series III 2008 and India Commercial Loan Trust Series I 2010), was sought to be recovered from various Mutual Funds (being Beneficiaries of the Trusts) including PMF.