Loan Repurchase Notice definition

Loan Repurchase Notice means a notice in substantially the form set out in Schedule 6 to the Mortgage Sale Agreement served by the LLP on the Seller in relation to the repurchase of Loans in the Portfolio by the Seller in accordance with the terms of the Mortgage Sale Agreement;

Loan Repurchase Notice has the meaning given to it in Section 2.3 of the Mortgage Sale Agreement;

Loan Repurchase Notice means the notice served upon the Seller by the Mortgages Trustee or upon the Mortgages Trustee by the Seller requiring the repurchase by or re-transfer to (pursuant to Clause 8.4 (Repurchase) of the Mortgage Sale Agreement) or purchase by or transfer to (pursuant to Clause 8.5 (Purchase of Product Switches, Further Advances and purchases relating to Personal Secured Loans) of the Mortgage Sale Agreement) the Seller of specified Mortgage Loans and their Related Security, as set forth in Schedule 7 to the Mortgage Sale Agreement;

Examples of Loan Repurchase Notice in a sentence

• Notwithstanding the foregoing, in respect of Loans which are the subject of a Loan Repurchase Notice delivered pursuant to the provisions of Section 8.4 (Offer to Repurchase Loans and Related Security) above, the Seller will not be obliged to sign the copy of the Loan Repurchase Notice and the affected Loans will not be repurchased by the Seller hereunder, if the Seller has not agreed to do so pursuant to Section 8.4 (Offer to Repurchase Loans and Related Security) above.

• The Guarantor may accept such offer at its sole discretion by delivering a Loan Repurchase Notice duly signed on behalf of the Guarantor if the Asset Coverage Test is satisfied on a pro forma basis after giving effect to such sale, and the provisions of Section 8.6 (Loan Repurchases) will apply.

• Loan Repurchase Notice..................................................................

More Definitions of Loan Repurchase Notice

Loan Repurchase Notice means the notice served upon the Seller by the Mortgages Trustee or upon the Mortgages Trustee by the Seller requiring the repurchase by or re-transfer to the Seller of specified Mortgage Loans and their Related Security, as set forth in Schedule 7 to the Mortgage Sale Agreement;

Loan Repurchase Notice means a notice substantially in the form set out in Schedule 6 to the Mortgage Sale Agreement;

Loan Repurchase Notice means a notice in substantially the form set out in Schedule 4 to the Mortgage Sale Agreement served by the Fund on the Seller in relation to the repurchase of Loans in the Portfolio by the Seller in accordance with the terms of the Mortgage Sale Agreement;

Loan Repurchase Notice means a notice in substantially the form set out in Schedule 6 to the Mortgage Sale Agreement served by the LLP on the Seller in relation to the repurchase of Loans in the Portfolio by the Seller in accordance with the terms of the Mortgage Sale Agreement; London Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London; London Stock Exchange means the London Stock Exchange plc;

Loan Repurchase Notice means a notice in the form set out in SCHEDULE 6 to the Mortgage Sale Agreement;