Separate Loan definition
Examples of Separate Loan in a sentence
Furthermore, to the extent any Separate Loan Document expressly stipulates that a default or event of default under the Loan Documents shall not, unless otherwise expressly stipulated in a Separate Loan Document, constitute a default or event of default with respect to the Separate Loan, the applicable provisions of the Separate Loan Documents shall control.
The Participant’s Separate Accounts shall be debited to reflect the transfer of any amounts to the Participant’s Separate Loan Fund.
Such qualifying language on the Separate Loan Assignments shall not affect, limit or enlarge the obligations of the Seller and the rights, remedies and recourse of the Buyer under this Agreement.
The Trustee shall make the loan approved hereby to the Participant out of the Participant’s Separate Loan Fund.
The proportion borne by the amount of the prepayment of the Separate Loan to the amount of the Separate Loans shall not exceed the proportion borne by the amount of the prepayment of the Revolving Facility Loan to the Revolving Facility Loans.
Each REMIC I Interest relates to a specific Mortgage Loan or Separate Loan Advance or to the Transferable Servicing Interest.
Each corresponding REMIC I Interest (other than the Transferable Servicing Interest) has a Pass-Through Rate equal to the REMIC I Net Mortgage Rate of the related Mortgage Loan or Separate Loan Advance, an initial principal amount equal to the Scheduled Principal Amount as of the Cut-off Date of the related Mortgage Loan or Separate Loan Advance, and a latest possible maturity date on the Maturity Date of the related Mortgage Loan or Separate Loan Advance.
The Separate Loan Assignments shall be without recourse, representation or warranty of any kind or nature.
The Buyer shall prepare and furnish any and all further Separate Loan Assignments, if necessary, in form satisfactory to the Seller.
The Trustee shall have the responsibility for determining the net income, liabilities, and value of the assets of each Investment Fund and the balance of each Separate Account maintained thereunder, as well as each Separate Loan Fund.