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.
Sample 1Sample 2Sample 3

Examples of Owned Loans in a sentence

  • The Reorganized Company will supply a copy to the Committee of all material filings made by the Reorganized Company with the Securities and Exchange Commission, plus on a quarterly basis statements of cash flows of the Reorganized Company and a copy or detailed summary of any servicing reports received from the servicer of the Securitized Pools and the Owned Loans.

  • On August 15, 2007, the bankruptcy court granted both motions, authorizing Aegis to act as the debtor-in-possession pursuant to Section 1107 of the Bankruptcy Code and “to sell any Owned Loans and Warehouse Loans in the ordinary course of business.” Id. ¶ 15.

  • The judge must look to the strength of therelationship to decide recusal.” In re Complaint Against District Judge Sarah Evans Barker, No. 93-7-372-5, at 2 (Judicial Council of the 7th Circuit, May 26, 1993) (quoted in Sexson v.

  • FMAC received four plan proposals, two involving a sale of the business with a sharing of collections on the Owned Loans and the B Pieces and two involving a recapitalized FMAC with some limited new loan origination.

  • After extensive due diligence by both FMAC and the four potential acquirers and several rounds of bids, FMAC determined that the plan proposal from UDC and the related Code Section 363 sale of the Owned Loans was superior based on a combination of economic, servicing capability and feasibility factors.

  • This is in addition to UDC's right to receive its share of the Owned Loans and UDC Excess Amount under the Excess Collections Contribution Agreement.

  • FMAC only received one stand alone cash bid for the Owned Loans (which bid was withdrawn) and that bid was unacceptably low.

  • Upon the Effective Date, UDC, one of its wholly owned subsidiaries, an Authorized Servicer or such other entity as may be reasonably acceptable to the Debtors, the Committee and FSA shall replace FMAC as servicer under the servicing agreements for the Securitized Pools and Owned Loans.

  • Pursuant to the Plan, Reorganized TERI will enter into the Collection Contract with the Plan Trustee, pursuant to which Reorganized TERI will be entitled to collect the proceeds of certain TERI Owned Loans previously owned by the Debtor but which will be transferred to the Plan Trustee for the benefit of unsecured creditors.

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

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).

  • Permitted Loans means:

  • Investor-Owned Residential Loans means Loans, excluding advances made pursuant to Home Equity Loans, that are secured by mortgages on one- to four family residences or stock of cooperative housing associations that are not owner-occupied. These loans can be treated as Restructured Loans on a commercially reasonable basis and can be a restructured under terms separate from the Exhibit 5 standards. Please refer to Exhibit 2b for guidance in Calculation of Loss for Restructured Loans.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Non-Primary Residence Loans The Mortgage Loans designated as secured by second or vacation residences, or by non-owner occupied residences, on the Mortgage Loan Schedule.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Whole Loan As defined in the Introductory Statement.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Permitted Existing Investments means the Investments of the Company and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

  • 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.

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • 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.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Offered Loans has the meaning specified in Section 2.05(d)(iii).