Examples of Scheduled Loans in a sentence
Scheduled Loans After the first policy year, scheduled policy loans are available on any monthly date.
Notwithstanding anything in this Agreement to the contrary, the sale, collection or charge-off of all Scheduled Loans shall be a condition to Closing.
Repay each Scheduled Loan in full at the end of the Interest Period applicable thereto, and terminate the Existing Revolving Credit Agreement at such time as all Scheduled Loans outstanding thereunder have been repaid.
If any of the Scheduled Loans is sold for a cash purchase price less than at least the unpaid principal balance, plus any accrued but unpaid interest as of the date of sale as reflected in the financial statements of the Company, the after-tax amount of the discount taken on such loan shall be deducted from the Company’s allowance for loan losses.
Thereupon, provided none of the Scheduled Loans have been amended, terminated or altered without the consent of Seller, Seller agrees at Seller's election either to repurchase the Scheduled Loans for the Repurchase Price or to indemnify and hold Buyer harmless from any losses that it may sustain on account of any of the Scheduled Loans not so repurchased.
The Seller and the Company shall have agreed upon the list of Scheduled Loans pursuant to Section 3.02(b)(ii).
Attached hereto as Schedule 1 is a list of certain -------------- loans in DSB's portfolio as of the Closing Date (the "Scheduled Loans"), setting forth the portion of the Escrowed Funds attributable to each such loan ("Loan Escrow Amount").
Concurrently with the transactions contemplated hereby, on the Closing Date the Existing Revolving Credit Agreement shall have been modified to provide for the reduction of the Commitments of the Banks thereunder (as defined therein) to an amount not greater than the amount of the Scheduled Loans outstanding thereunder at such time and further reduction thereof by the amount of any payment or prepayment of principal of such Scheduled Loans.
Repay each Scheduled Loan in full at the end of the Interest Period applicable thereto, and terminate the Existing Revolving Credit Agreement at such time as all Scheduled Loans outstanding thereunder have been paid.
For the periods of ninety (90) days following the Closing Date, as of the end of each thirty (30) days during such period, Buyer shall by written notice to Seller identify each of the Branch Loans (the "Scheduled Loans") that, as of the date of such notice, are (i) sixty (60) days or more past due; (ii) subject to bankruptcy or any other form of legal proceedings arising after the Closing; or (iii) subject to any material contingency, which substantially impairs the prospects for collection of such Loan.