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

  • Owned Loan Servicing Fee means a charge, calculated on a monthly basis for each such Contract of the greater of (i) 1/12 of 3-1/4% of the then outstanding principal balance of the applicable Contracts, or (ii) $15.00 per Contract, in each case applied only to Contracts which constitute part of the Owned Loans and are less than 120 days past due computed as of the last day of the month and for which the related vehicle has not been repossessed.

  • Owned Loans Servicing Change means that the Owned Loans, from and after the date that UDC begins servicing the Owned Loans, are not being serviced by UDC, a wholly owned subsidiary of UDC, an Authorized Servicer or such other entity as the Reorganized Company and the Committee shall consent to, which consent will not be unreasonably withheld.

  • The most significant component of potential value to the unsecured creditors is the future cash flows from the Owned Loans and B Piece Distributions.

  • The Agent for the Bank Group has credit bid the Purchase Price and, in exchange, has acquired the Owned Loans.

  • The cash flow projections set forth below assume that the Reorganized Company is not required to pay income taxes out of the future Owned Loans and B Piece Distributions.

  • 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.

  • The difference between the sum of the future cash flows under the Excess Collections Contribution Agreement and the sum of the excess cash flows from the Owned Loans and the B Piece Distributions noted above is the cash flows allocated to repay the balance of the DIP Financing and Overadvance Facility, the post-confirmation expenses to administer the FMAC Estate, and the Modified UDC Fee.

  • Management has projected under various scenarios the future collections of the Owned Loans and B Piece Distributions, including estimates of amounts allocable to the potential range of secured claims of the Bank Group and DIP Financing and Overadvance Facility, and the excess cash flows subject to the Excess Collections Contribution Agreement.

  • Owned Loans means all of FMAC's owned Contracts as of December 15, 1997, other than the Greenwich Collateral, whether current, delinquent, or charged off, together with all of FMAC's rights in the collateral securing such Contracts and all related repossessed vehicles.

  • 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.

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

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(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, 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 and senior subordinated loans) which are generally under a syndicated loan or credit facility.

  • 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 Borrower 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).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).