Pledged Loans definition

Pledged Loans has the meaning set forth in Section 4.1(b).

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Pledged Loans means the Loans listed on the Loan Schedule.

Pledged Loans. Such of the Mortgage Loans Granted to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Pledged Assets, the Mortgage Loans so held being identified in the Pledged Asset Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property; provided that on the date such mortgage note becomes subject to the Lien of this Indenture it shall (i) have an unpaid principal balance of not less than $25,000, (ii) have had a loan-to-value ratio of the most recent appraisal date of not more than 85%, (iii) be owned by the Issuer, and (iv) not be delinquent or have been delinquent more than once during the preceding 12-month period.

Examples of Pledged Loans in a sentence

• The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans.

• Each of the Issuer and the Servicer shall, prior to the sale or transfer to a third party of any Loan similar to the Pledged Loans held in its custody, examine its computer and other records to determine that such Loan is not a Pledged Loan.

• The Servicer shall at all times maintain each office from which it services Pledged Loans within the United States of America.

• Upon request of a Servicing Officer, the Trustee and the Collateral Agent shall perform such other acts as are reasonably requested by the Servicer (including without limitation the execution of documents) and otherwise cooperate with the Servicer in enforcement of the Trustee’s rights and remedies with respect to Pledged Loans.

• In managing, administering, servicing and making collections on the Pledged Loans pursuant to this Indenture, the Servicer will exercise that degree of skill and care consistent with Customary Practices and the Credit Standards and Collection Policies.

More Definitions of Pledged Loans

Pledged Loans means all Mortgage Loans including all principal thereof and interest thereon from time to time outstanding or paid and all Loan Papers evidencing, securing or otherwise relating to such Mortgage Loans, whether now owned or hereafter acquired, whether or not they initially qualify or continue to qualify as Eligible Collateral:

Pledged Loans means all Bank Loans now owned or hereafter acquired by the Borrower that are transferred to or held in the Custodial Account at any time and from time to time or listed on a Transmittal Letter (including an initial Transmittal Letter) delivered to the Custodian or otherwise pledged under this Agreement in accordance with the terms and provisions of this Agreement and the Custodial Agreement.

Pledged Loans means, collectively, the loans secured by the Collateral Properties, which Pledged Loans are pledged to Lender pursuant to the Collateral Assignments of Loan and are more particularly described in Schedule 1.1 hereto.

Pledged Loans all Loan Assets listed on Schedule 2, and all Loan Assets subsequently issued to or acquired by the Grantors while this Agreement is in effect, other than any that have been released from Liens granted hereunder.

Pledged Loans means all Eligible Receivables which are pledged and delivered to Lender from time to time to collateralize the Asset Based Loan and as evidenced by the Pledged Loan Instruments and against which Lender makes Disbursements hereunder. Not more than 60% of the Pledged Loans shall be “Supplemental Loans”, and not more than 50% of the Pledged Loans shall be Non-Multifamily Mortgage Loans. Loans that have matured are not Eligible Receivables.

Pledged Loans means all loans now owned or hereafter acquired by a Pledgor that are pledged under the Pledge Agreement in accordance with the terms and provisions of the Pledge Agreement, but subject to the proviso at the end of Section 3.2(a) of the Pledge Agreement.

Pledged Loans shall have the meaning set forth in the Mortgage Loan Pledge Agreement.