New Loan Type definition

New Loan Type means a new type of mortgage loan originated or acquired by the Seller, which the Seller intends to transfer to the Guarantor LP, the terms and conditions of which are materially different (in the opinion of the Seller, acting reasonably) from the Loans. For the avoidance of doubt, a mortgage loan will not constitute a New Loan Type if it differs from the Loans due to it having different interest rates and/ or interest periods and/or time periods for which it is subject to a fixed rate, capped rate, tracker rate or any other interest rate or the benefit of any discounts, cash-backs and/or rate guarantees;
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New Loan Type means a new type of mortgage loan, home equity line of credit or multi-loan product, originated or acquired by the Seller, which the Seller intends to transfer to the Guarantor, the terms and conditions of which are materially different (in the opinion of the Seller, acting reasonably) from the Loans. For the avoidance of doubt, a mortgage loan will not constitute a New Loan Type if it differs from the Loans due to it having different interest rates and/or interest periods and/or time periods for which it is subject to a fixed rate, capped rate, tracker rate or any other interest rate or the benefit of any discounts, cash-backs and/or rate guarantees or due to it being originated by a new Originator;
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New Loan Type means a new type of mortgage loan originated by the Seller or a New Seller, which the Seller or the New Seller intends to transfer to the LLP, the terms and conditions of which are materially different (in the opinion of the Seller or the New Seller, acting reasonably) from any of the Loans or New Seller Loans in the Portfolio. For the avoidance of doubt, a mortgage loan will not constitute a New Loan Type if it differs from any of the Loans or New Seller Loans in the Portfolio solely due to it having different interest rates and/or interest periods and/or time periods for which it is subject to a fixed rate, capped rate, tracker rate or any other interest rate or the benefit of any discounts, cash-backs and/or rate guarantees;
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More Definitions of New Loan Type

New Loan Type means on any date a type of Loan:
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New Loan Type means a new type of mortgage loan, home equity line of credit or multi-loan product (including a Home Power Plan Line of Credit, any other Line of Credit or other multi- loan product, but not including a Home Power Plan Mortgage Loan) originated or acquired by the Seller, which the Seller intends to transfer to the Guarantor, the terms and conditions of which are materially different (in the opinion of the Seller, acting reasonably) from a conventional amortizing mortgage loan or a Home Power Plan Mortgage Loan, unless such new type of Loan (including a Home Power Plan Line of Credit, any other Line of Credit or other multi-loan product) has satisfied the conditions for sale of New Loan Types to the Guarantor set forth in section 5.1(i) of the Mortgage Sale Agreement. For the avoidance of doubt, a mortgage loan will not constitute a New Loan Type if it differs from a conventional amortizing mortgage loan or a Home Power Plan Mortgage Loan due to it having different interest rates and/or interest periods and/or time periods for which it is subject to a fixed rate, capped rate, tracker rate or any other interest rate or the benefit of any discounts, cash-backs and/or rate guarantees or due to it being originated by a new Originator;
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New Loan Type. A new type of loan originated or acquired by the Seller (such as a home equity line of credit) which the Seller intends to transfer to the Guarantor, the terms and conditions of which are materially different (in the opinion of the Seller, acting reasonably) from the Loans. For the avoidance of doubt, a loan will not constitute a New Loan Type if it differs from the Loans included in the Portfolio due to it having different interest rates and/or interest periods and/or time periods.
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New Loan Type means a new type of mortgage loan originated by the Seller or a New Seller, which the Seller or the New Seller intends to sell to the Guarantor, the terms and conditions of which are materially different (in the opinion of the Seller or the New Seller, acting reasonably) from any of the Loans or New Seller Loans in the Portfolio. For the avoidance of doubt, a mortgage loan will not constitute a New Loan Type if it differs from any of the Loans or New Seller Loans in the Portfolio solely due to it having different interest rates and/or interest periods and/or time periods for which it is subject to a fixed rate, capped rate or any other interest rate or the benefit of any discounts, cash-backs and/or rate guarantees. A home equity line of credit, commercial mortgage or a Loan originated by an Originator that is not the Seller will be a New Loan Type; New Managing GP has the meaning given to it in Section 11.4 of the Guarantor Agreement;
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Related to New Loan Type

  • Loan Type Each Mortgage Loan is a [Adjustable Rate] [Balloon] [Fixed Rate] Mortgage Loan.

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Prop Type Sr Lien: Orig Amount: P&&I: Cr. Score: Sevicer Loan Prod Code: Rem Term: Occp Code: Appr Value: Note Date: Debt Ratio: City Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Date: Lien Pos: 8296262 120 14 $80,100.00 $16,500.00 $245.20 729 0300998325 5 117 1 $92,000.00 02/20/2002 35 Easley SC 29642 02 12.880 105 $16,082.00 02/29/2012 2 8296472 181 14 $41,720.16 $30,000.00 $340.79 703 0301002051 6 178 1 $77,000.00 02/28/2002 38 Newton KS 67114 02 10.990 94 $29,796.59 03/10/2017 2 8296922 181 14 $164,500.00 $70,000.00 $779.21 725 0301073219 6 179 1 $200,000.00 03/29/2002 41 ELKTON MD 21921 02 10.630 118 $69,637.99 04/03/2017 2 8296966 180 14 $77,188.00 $39,300.00 $481.19 710 0301024436 6 178 1 $95,000.00 03/18/2002 48 WOODLAWN TN 37191 02 12.380 123 $39,147.40 03/22/2017 2 8297340 181 14 $135,760.49 $45,300.00 $543.38 671 0301000980 6 178 1 $160,000.00 02/28/2002 31 Adrian MI 49221 02 11.990 114 $45,117.58 03/10/2017 2 8297390 60 14 $121,675.00 $20,000.00 $423.96 719 0301054599 4 58 1 $142,000.00 03/11/2002 43 BOISE ID 83713 02 9.900 100 $19,741.04 03/25/2007 2 8297654 180 14 $245,886.63 $49,000.00 $569.30 682 0301000832 6 178 1 $239,000.00 03/01/2002 40 Lakeland TN 38002 02 11.400 124 $48,791.41 03/10/2017 2 8297966 120 14 $153,000.00 $26,000.00 $376.79 725 0301000071 5 118 1 $185,000.00 03/01/2002 30 Easton MD 21601 02 12.250 97 $25,662.46 03/07/2012 2 8298274 181 04 $123,350.11 $30,000.00 $448.48 654 0300999596 6 178 1 $135,000.00 02/22/2002 45 East Hampstead NH 03826 02 16.380 114 $29,828.86 03/01/2017 2 8298704 181 14 $124,917.00 $35,000.00 $472.00 651 0301001822 6 178 1 $129,700.00 02/06/2002 45 Loganville GA 30052 02 14.250 124 $34,886.59 03/11/2017 2 8298852 181 14 $48,025.37 $24,000.00 $311.60 688 0300997996 6 178 1 $58,000.00 02/22/2002 35 Fyffe AL 35971 02 13.500 125 $23,912.93 03/01/2017 2 8298876 181 14 $62,305.00 $32,000.00 $404.88 658 0300995701 6 178 1 $81,247.00 02/15/2002 28 John Day OR 97845 02 13.000 117 $31,882.95 03/01/2017 2 8299538 180 14 $130,574.13 $35,000.00 $408.87 732 0301067120 6 178 1 $152,000.00 03/18/2002 37 Olalla WA 98359 02 11.500 109 $34,852.39 03/22/2017 2 8299756 180 14 $120,560.00 $39,091.00 $462.89 786 0301024410 6 178 1 $127,721.00 03/19/2002 27 WETUMPKA AL 36093 02 11.750 125 $38,929.97 03/25/2017 2 8300200 180 14 $39,721.00 $46,000.00 $556.67 709 0301001046 6 177 1 $68,805.00 02/08/2002 45 Port Saint Lucie FL 34953 02 12.160 125 $45,725.04 02/24/2017 2 8300202 180 14 $87,158.00 $50,000.00 $642.69 660 0301003489 6 177 1 $126,000.00 02/14/2002 43 Auburndale FL 33823 02 13.310 109 $49,732.12 02/28/2017 2 8300204 180 14 $114,210.00 $41,500.00 $538.25 683 0301001061 6 177 1 $135,000.00 02/11/2002 44 Palmdale CA 93550 02 13.480 116 $41,281.36 02/23/2017 2 8300206 180 14 $97,030.00 $34,200.00 $482.29 660 0301000659 6 177 1 $105,000.00 02/07/2002 45 Tampa FL 33611 02 15.160 125 $34,098.62 02/28/2017 2 8300208 240 14 $97,789.00 $75,000.00 $870.95 709 0301003513 9 237 1 $160,000.00 02/11/2002 45 Plainville CT 06062 02 12.860 108 $74,864.25 02/28/2022 2 8300210 180 14 $213,060.00 $74,000.00 $879.10 707 0301003521 6 177 1 $229,856.00 02/18/2002 37 Wauwatosa WI 53222 02 11.810 125 $73,176.80 02/28/2017 2 8300212 301 09 $157,577.00 $69,500.00 $733.53 767 0301003539 8 297 1 $190,000.00 01/21/2002 47 Rockledge FL 32955 02 12.030 120 $69,426.05 02/28/2027 2