Owned Loans definition

Owned Loans means all of the Debtor's owned Contracts, other than the Greenwich Collateral, whether current, delinquent, or charged off, together with all of the Debtor's rights in the collateral securing such Contracts and all related repossessed vehicles.
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Examples of Owned Loans in a sentence

  • Upon completion of the Sale, UDC will assist in all servicing of the Owned Loans, the Greenwich Collateral and the Securitized Pools.

  • For the purpose of determining such obligations of Buyer and its Affiliates to perform the obligations of the servicer and to seek recovery, the obligations of the servicer and the recoverability with respect to loans owned by Buyer or its Affiliates as of the Closing Date (including Owned Loans and Off-Balance Sheet Loans) shall be determined pursuant to the applicable Servicing Agreements for mortgage loans owned by Buyer or its Affiliates as in effect immediately prior to the Closing Date.

  • Except as specifically set forth above, UDC's rights to payment and obligations hereunder are absolute and shall not be affected by any subsequent transfer or sale of the Owned Loans to GE or any other party.

  • The Debtor and UDC will coordinate an orderly and prompt transition of servicing of the Owned Loans, the Greenwich Collateral and the Securitized Pools, as applicable, from the Debtor to the Servicer during the pendency of the Bankruptcy Case to enable UDC (or an Authorized Assignee) to begin such servicing activities on the 5 Effective Date pursuant to the UDC Servicing Agreements.

  • UDC's obligation pursuant to the Excess Collections Split shall be absolute and shall not be effected by any subsequent transfer or sale of the Owned Loans to GE or any other party or the transfer of servicing rights on the Owned Loans or Securitized Pools.

  • If Buyer has knowledge of any exceptions to Sellers' representations and warranties which pertain to Serviced Loans arising in the course of its performance under the Subservicing Agreement, then such exceptions shall be deemed Previously Disclosed solely for purposes of this Section 4.02(q) and Section 4.02(o)(i) (but only as they pertain to Serviced Loans) and not for purposes of any other representations or warranties or for those under this Section 4.02(q) as they pertain to Owned Loans.

  • Prior to Plan Confirmation, UDC and the Agent will contract with the Debtor to allow the Debtor to service the Owned Loans with supervision or consultation by UDC.

  • In the event that UDC exercises the Stock Option, and delivers the Stock Option Shares to the Debtor, UDC shall be entitled to receive and retain the Debtor's 82-1/2% share of cash distributions on the B Pieces and the Owned Loans under the Excess Collections Split (the "Debtor's Split") from and after the Exercise Date until UDC has received or retained cash distributions thereon equal to the Stock Option Value.

  • UDC, the Debtor and the Committee further acknowledge and agree, if, and as long as, UDC services the Owned Loans, that the Owned Loan Servicing Fee will be payable to UDC rather than the Bank Group and will be payable solely from the proceeds of the Owned Loans and the Replacement Lien.

  • The only representations and warranties in this Section 4.02(q) which pertain to Owned Loans are in Sections (ii)(3), (ii)(5), (iii), (v), (vi), (viii), (ix)(1), (x), (xi), (xviii), (xxii) and (xxiii).

Related to Owned Loans

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

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

  • 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

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Existing Loans has the meaning specified in Section 2.19(a).