Recourse Loan has the meaning assigned to such term in the recitals.
Recourse Loan means any Mortgage Loan, mortgaged property, Servicing Released Loan or Previously Disposed Loan with respect to which Seller bears the risk of loss as described in the preceding sentence.
Recourse Loan. Section 3.28 "Registration Statement" -- Section 4.09 "Regulations" -- Section 3.27 "Representatives" -- Section 9.11(g) "Sales Price" -- Section 2.01(c)(i) "SEC" -- Section 3.04(b) "Securities Act" -- Section 3.04(b) "Servicing Released Loans" -- Section 3.28 "Servicing Sale Loan" -- Section 3.28 "Significant Subsidiaries" -- Section 9.11(h) "Stockholders' Meeting" -- Section 6.03(a) "Sub" -- Preamble "Sub Common Stock" -- Section 2.01(a) "Subsidiary" -- Section 9.11(i) "Surviving Corporation" -- Section 1.01 "Surviving Corporation Common Stock" -- Section 2.01(a) "tax return" -- Section 3.12(c) "taxes" -- Section 3.12(c) "Trading Day" -- Section 2.01(c)(i) "VA" -- Section 3.25 "VA Loans" -- Section 3.25 "VA No Bids" -- Section 3.28 "Warehouse Loans" -- Section 3.26 This AGREEMENT AND PLAN OF MERGER dated as of November 10, 1996 (this "Agreement") is made and entered into by and among HFS INCORPORATED, a Delaware corporation ("Parent"), MERCURY ACQ. CORP., a Maryland corporation wholly owned by Parent ("Sub"), and PHH CORPORATION, a Maryland corporation (the "Company").
Examples of Recourse Loan in a sentence
The Parties acknowledge (i) the purchase by the Partnership of $180,665,967.00 of Treasuries and (ii) the pledge of the Treasuries as collateral for the Recourse Loan.
Lenders accept the risk that a Borrower may not pay its Borrower Loan Repayments to the Loan Originator in respect to a Selected Listed Loan and that the Lender may, as a result, lose some or all of the Limited Recourse Loan Amount advanced to the Loan Originator pursuant to the Limited Recourse Loan Agreement.
More Definitions of Recourse Loan
Recourse Loan has the meaning as defined in Section 4.24 hereof.
Recourse Loan means, with the exception of VA No-Bids, any Mortgage Loan, mortgaged property, Servicing Released Loan or Servicing Sale Loans, including those items identified in Section 4.24 of the Disclosure Schedule, under which the Company or any Company Subsidiary bears the risk of loss as described in the preceding sentence.
Recourse Loan. Any Mortgage Loan as to which the Company has an obligation to repurchase, reimburse, indemnify or hold harmless any Person based solely upon the default under or the foreclosure or sale of the Collateral for the Mortgage Loan without regard to a
Recourse Loan. Any Mortgage Loan subject to an obligation described as a limited or full recourse, credit support reimbursement or other similar obligation, loss sharing arrangement or other similar arrangement, it being acknowledged that each Agency assumes no losses on any Recourse Loans.
Recourse Loan means an extension of credit to the Participant by the Company evidenced by a Recourse Note.
Recourse Loan has the meaning set forth in Section 4.28. ------------
Recourse Loan means any Mortgage Loan or Collateral with respect to which SBS bears the risk of loss as described in the preceding sentence.