Proposed Loan Asset definition

Proposed Loan Asset means a Loan Asset submitted to the Administrative Agent for approval as an Eligible Loan Asset hereunder and meeting the conditions set forth on Schedule II hereof (other than clause 1 therein), it being understood that the conditions set forth in clauses 15(i), 17 and 23(b) need not be satisfied unless and until such Proposed Loan Asset is actually approved for acquisition by the Borrower hereunder and the Cut-Off Date therefor has occurred.
Sample 1Sample 2Sample 3
Proposed Loan Asset means a Mortgage Loan identified by the Borrower in a Pledge Proposal that the Borrower proposes to become a Pledged Asset.
Sample 1
Proposed Loan Asset means a Loan Asset submitted to the Administrative Agent for approval as an Eligible Loan Asset hereunder and meeting the conditions set forth on Schedule II hereof (other than clause 1 therein), it being understood that the conditions set forth inclauses 15(i), 17 and 23(b) need not be satisfied unless and until such Proposed Loan Asset is actually approved for acquisition by the Borrower hereunder and the Cut-Off Date therefor has occurred.
Sample 1

Examples of Proposed Loan Asset in a sentence

  • Pursuant to Section 2.01(b) of the Agreement, Borrower hereby requests that Administrative Agent and the Lenders approve the Proposed Loan Asset described below and more fully set forth on Schedule 1 attached hereto as an Eligible Loan Asset.

  • The Proposed Loan Asset shall be a Pledged Asset for all purposes under the Agreement effective as of the date first set forth above upon the due execution and delivery of this Confirmation Statement by Borrower and Administrative Agent.

  • In addition, if the loan documents for such Proposed Loan Asset require the Borrower to fund future advances to the Mortgagor, the Borrower shall include in the Pledge Proposal a request that the Required Lenders agree to fund the Future Funding Amount.

  • If the Administrative Agent and the Required Lenders approve of such Proposed Loan Asset as an Eligible Loan Asset, the Administrative Agent shall promptly deliver to the Borrower a proposed Confirmation Statement.

  • Expenses incurred that exceed the amount of deposit will be billed to and are the responsibility of the applicant.

  • By: Name: Title: Proposed Loan Asset: Nature of Proposed Loan Asset (Senior Loan, Mezzanine Loan or Participation Interest): Eligible Property Type (office, industrial, multifamily, multi-tenant retail, mixed use or lodging commercial properties): Describe extension options applicable to the Mortgagor under the Mortgage Loan (including for each extension option, the period for exercise, the standard of consent (if any) and the length of extension ): Other items: Date: , To: TPG RE Finance 20, Ltd.

  • The Administrative Agent and the Required Lenders shall be entitled to make a determination, in their sole and absolute discretion, whether any Proposed Loan Asset qualifies as an Eligible Loan Asset or whether to reject such Proposed Loan Asset.

  • Bank of America, N.A., as Administrative Agent under the Agreement, is pleased to deliver our written confirmation that the Proposed Loan Asset described below and more fully set forth on Schedule 1 attached hereto has been approved as an Eligible Loan Asset subject to the terms and conditions set forth in the Agreement and below.

Related to Proposed Loan Asset

  • Eligible Loan Asset means, at any time, a Loan Asset in respect of which each of the representations and warranties contained in Section 4.02 and Schedule III hereto is true and correct.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Purchased Loan means each motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by the Originator from such Dealer and evidenced by a Purchased Loan Contract; provided, however, that the term “Purchased Loan” shall, for purposes of this Agreement, include only those Purchased Loans identified from time to time on Schedule A hereto.

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

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Mortgage Loan Schedule shall have the meaning assigned to such term in the recitals.

  • Required Appraisal Loan As defined in Section 3.19(a).

  • Eligible Mortgage Loan means a Mortgage Loan (including a Wet Funded Loan) with respect to which each of the following statements shall be accurate and complete (and Borrower, by including such Mortgage Loan in any computation of the Borrowing Base, shall be deemed to so represent and warrant to the Lenders as of the date of such computation):

  • Ineligible Loan Each Loan other than an Eligible Loan.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Eligible Loan means a Loan offered for sale or substituted by SLM ECFC under a Purchase Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Purchase Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan: (i) is a Consolidation Loan; (ii) is owned by SLM ECFC and is fully disbursed; (iii) is guaranteed as to principal and interest by the applicable Guarantor to the maximum extent permitted by the Higher Education Act for such Loan; (iv) bears interest at a stated rate of not less than the maximum rate permitted under the Higher Education Act for such Loan; (v) is eligible for the payment of the quarterly special allowance at the full and undiminished rate established under the formula set forth in the Higher Education Act for such Loan; (vi) if not yet in repayment status, is eligible for the payment of interest benefits by the Secretary or, if not so eligible, is a Loan for which interest either is billed quarterly to Borrower or deferred until commencement of the repayment period, in which case such accrued interest is subject to capitalization to the full extent permitted by the applicable Guarantor; (vii) is current or no payment of principal or interest shall be more than 210 days past due as of the Statistical Cutoff Date, in the case of the Initial Loans, or in relation to any Additional Loan or Substituted Loan, the related Subsequent Cutoff Date; (viii) the last disbursement was before the Statistical Cutoff Date, in the case of the Initial Loans, or before the Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan; (ix) is supported by the following documentation: 1. loan application, and any supplement thereto, 2. original promissory note and any addendum thereto (or a certified copy thereof if more than one loan is represented by a single promissory note and all loans so represented are not being sold) or the electronic records evidencing the same, 3. evidence of guarantee, 4. any other document and/or record which Funding may be required to retain pursuant to the Higher Education Act, 5. if applicable, payment history (or similar document) including (i) an indication of the Principal Balance and the date through which interest has been paid, each as of the Statistical Cutoff Date, in the case of the Initial Loans, or the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, and (ii) an accounting of the allocation of all payments by the Borrower or on the Borrower’s behalf to principal and interest on the Loan, 6. if applicable, documentation which supports periods of current or past deferment or past forbearance, 7. if applicable, a collection history, if the Loan was ever in a delinquent status, including detailed summaries of contacts and including the addresses or telephone numbers used in contacting or attempting to contact Borrower and any endorser and, if required by the Guarantor, copies of all letters and other correspondence relating to due diligence processing, 8. if applicable, evidence of all requests for skip-tracing assistance and current address of Borrower, if located, 9. if applicable, evidence of requests for pre-claims assistance, and evidence that the Borrower’s school(s) have been notified, and 10. if applicable, a record of any event resulting in a change to or confirmation of any data in the Loan file.

  • Whole Loan As defined in the Introductory Statement.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.

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

  • 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.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.