Portfolio Loan definition

Portfolio Loan. Any Loan serviced by the Servicer, but excluding any Loan which the Servicer services for an unaffiliated third party.

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Portfolio Loan. Any loan owned or serviced by the Originator (including each Loan).

Portfolio Loan a loan secured (as to the repayment of the indebtedness and any interest thereon) by (x) a collateral assignment of the interest of the Master Landlord under the Master Agreement, and (y) in whole or in part, a mortgage lien which covers (as of the date of the origination of such loan only) either (A) in the case of the Portfolio Loan made by the initial Designated Portfolio Lender on the date hereof, substantially all of the Lease Properties on the date hereof, or (B) in the case of any other Portfolio Loan, ten (10) or more of the Lease Properties owned by Master Landlord or a Wholly-Owned Subsidiary of Master Landlord on the date of the origination of such loan. In addition, in the case of the Portfolio Loan made by the initial Designated Portfolio Lender on the date hereof only, such loan, at the time of its making (but not otherwise), shall be in an amount that, when added together with the original principal amount of the Mezzanine Loan made by the initial Designated Mezzanine Lender, does not exceed 65% of the purchase price paid by Master Landlord to Wachovia for all the Portfolio Properties pursuant to the Purchase Agreement.

Examples of Portfolio Loan in a sentence

For the avoidance of doubt, there is no Serviced Loan Combination with respect to which the related Serviced Pari Passu Companion Loan Holder is the “Lead Lender”, “Controlling Note Holder”, “Directing Note Holder” or other comparable party under the related Intercreditor Agreement (other than the Eastgate One Phases I-VII & XII Loan Combination, the Eastgate Two Phases VIII-X Loan Combination and the Gateway Portfolio Loan Combination, while such Loan Combination is a Serviced Loan Combination).
Notwithstanding the above or anything herein to the contrary, 50% of the WF Borrower Portfolio Loan Amounts shall be paid from the Split-Funded Loan Collection Account to the deposit account specified by the WF Agent in accordance with the terms and provisions of the Intercreditor Agreement.
Each Borrower and holders of any beneficial or ownership interest in any Borrower agree, during the Term of the Portfolio Loan, that no interest in the Portfolio Properties or in any Borrower will be transferred to any party in interest with respect to any of the persons or entities listed on the OFAC Specially Designated Nationals and Blocked Persons List, as it is amended from time to time, nor will any actions be taken, or fail to be taken, in violation of the OFAC Laws.
Maker further warrants that all of the proceeds of the Portfolio Loan shall be used for commercial purposes and stipulates that the Portfolio Loan shall be construed for all purposes as a commercial loan, and is not made for personal, family, household or agricultural purposes.
Participant shall share any loss incurred on any Participation Portfolio Loan or any Third Party Expenses, and any subsequent recoveries of such losses or Third Party Expenses, in accordance with its Participation Percentage.

More Definitions of Portfolio Loan

Portfolio Loan means any Investment Loan serviced by the Borrower or an Affiliate of the Borrower, but excluding any Investment Loan which the Borrower or an Affiliate of the Borrower services for an unaffiliated third party or for a Portfolio Investment.

Portfolio Loan means any secured or unsecured loan and related forbearances, agreements, arrangements and actions, undertaken by Grantor in the ordinary course of its business as a real estate lender.

Portfolio Loan means any Loan payable within eighteen (18) months after the Loan’s origination date.

Portfolio Loan means any Loan included in the Portfolio.

Portfolio Loan. “Section 2 Lease”; “Third Party Purchaser”; and “Third Party Transfer Event”.

Portfolio Loan means a residential mortgage loan or Real Estate Owned, including construction loans, owned by First Chester or any First Chester Subsidiary which is not a Loan Held for Sale.

Portfolio Loan means all Loans currently owned or hereinafter owned for investment by the Company or any Subsidiary.