Portfolio Loan definition

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

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

• The proceeds to the Partnership from the National Portfolio Loan Facility are assumed to be used to pay the National Portfolio’s share of the Agents’ fees and Offering expenses (including travel and sales expenses including taxes) and fund the National Portfolio’s share of the Operating Reserve.

• The Company may sell non-performing Portfolio Loans or foreclosed property securing Portfolio Loans, or sell an interest in such collateral to an affiliate of the Company, for the purpose of restructuring the Portfolio Loan or repositioning the property for sale.

• No Trust Advisor Consulting Fee shall be payable with respect to the Stamford Plaza Portfolio Loan Combination.

• 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).

• The Collateral Manager will cause the Issuer to exercise or enforce, or refrain from exercising or enforcing, any or all of its rights in connection with the Portfolio Loans or any related documents or will refuse amendments or waivers of the terms of any Portfolio Loan and related documents in accordance with its customary business practices as if the Collateral Manager were administering the Portfolio Loans for its own account.

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

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 a secured loan made by the Corporation and contained in the Loan Portfolio of the Corporation which is not in default with respect to the principal and interest obligation thereof and has the characteristics set forth in Section 4.04 of this Agreement.