Originated Loan definition

Originated Loan means any loan that is an Eligible Loan and whose related loan documents were prepared by Seller or an Affiliate controlled by Seller.
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Originated Loan. A Loan or Portfolio Loan that (a) either (i) is originated by the Originator or one of its wholly-owned Subsidiaries or (ii) is made as part of a loan facility with an initial outstanding loan balance of less than $150,000,000 and assigned to or acquired by the Originator from a Person that is not an Affiliate in an arm’s length transaction; provided, that, if such loan facility comprises multiple classes or tranches of debt, the class or tranche held by the Originator (along with any classes or tranches that are entitled to payment of principal or interest on a pari passu basis with respect to such class or tranche) must have an initial outstanding loan balance of less than $150,000,00 and (b) is documented in a form that is commercially reasonable and consistent with the Credit and Collection Policy.
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Originated Loan means any Loan that either (i) was originated by the Originator or one of its wholly-owned subsidiaries or (ii) is made as part of a loan facility with an initial Outstanding Loan Balance (which, for purposes of this definition, shall include the maximum available amount of commitments available to be drawn by the Obligor under any revolving or delayed draw loans) of less than $150,000,000; provided that, if such loan facility comprises multiple classes or tranches of debt, only the class or tranche of debt held by the Originator (along with any other classes or tranches that are entitled to payment of principal or interest on a pari passu basis with respect to such class or tranche) must have an initial Outstanding Loan Balance of less than $150,000,000 (which, for purposes of this definition, shall include the maximum available amount of commitments available to be drawn under such classes or tranches by the Obligor under any revolving or delayed draw loans).
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Examples of Originated Loan in a sentence

  • Seller shall deliver to Buyer: (x) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that Seller expressly and specifically disclosed in Seller’s Preliminary Due Diligence Package were not in Seller’s possession; and (y) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.

  • Seller shall deliver to Buyer: (A) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that were not in Seller’s possession; and (B) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.

  • In addition, the Seller may also elect to contribute capital to the Buyer to permit the Buyer to fund any Buyer Originated Loan.

  • Abandoned Property $50.00 Account Closure* $10.00 ACH Originated Loan Payment $10.00 each All Copies (any GFA docs, up to 10 pages) $7.50 min Coin Machine Service (over $100.00) 5% Canadian Currency, exchange rate plus $10.00 Foreign Check Processing (per check) $15.00 Inactivity Fee** $5.00/mth Insufficient/Overdraft Paid $30.00/item Insufficient/Overdraft Returned $30.00/item Items Sent for Collection $25.00/item Levy $75.00 Lost Passbook $12.50 Money Order $3.00 Non-Member Check cashing inc.

  • Seller shall deliver to Buyer: (x) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that Seller expressly and specifically disclosed in Seller's Preliminary Due Diligence Package were not in Seller's possession; and (y) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.

  • With respect to the origination of a Loan through any Joint Venture or any partnership in which the Company is a partner, the Origination Fee payable to the Advisor shall equal 1% of the amount of the Originated Loan that is attributable to the Company’s investment in the Joint Venture or partnership.

  • A default on an Originated Loan could ultimately result in its enforcement.

  • Allowance for Originated Loan Losses Management estimates credit losses based on originated individual loans determined to be impaired and on all other loans grouped based on similar risk characteristics.

  • The Origination Fee payable to the Advisor shall be paid at the later of (i) the closing of the Originated Loan or (ii) upon receipt of the invoice by the Company.

  • With respect to the origination of a Loan to be wholly owned by the Company, the Origination Fee payable to the Advisor shall equal 1% of the amount of the Originated Loan.

Related to Originated Loan

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Commercial loan means a loan that is not made primarily for

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Purchased Loan means each motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by the Originator from such Dealer and evidenced by a Purchased Loan Contract; provided, however, that the term “Purchased Loan” shall, for purposes of this Agreement, include only those Purchased Loans identified from time to time on Schedule A hereto.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Syndicated Loan means a Loan made by a Lender pursuant to Section 2.01(a); provided that, if any such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Syndicated Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Precomputed Loan means any Loan under which the portion of a payment allocable to earned interest (which may be referred to in the related Loan as an add-on finance charge) and the portion allocable to principal are determined according to the sum of periodic balances, the sum of monthly payments or any equivalent method or are monthly actuarial loans.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • Liquidated Loan A Mortgage Loan with respect to which the related Mortgaged Property has been acquired, liquidated or foreclosed and with respect to which the applicable Servicer determines that all Liquidation Proceeds which it expects to recover have been recovered.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Whole Loan As defined in the Introductory Statement.