Settled Loan definition

Settled Loan means a Loan introduced by you, the Aussie Broker or any Associate from the Commencement Date pursuant to this Agreement that is recorded in Aussie’s commission system as a “settled loan”. The settlement date and amount is provided by the commission systems of the applicable Supplier and may differ from Aussie’s “Customer Relationship Management system” and the loan tracking system of the applicable Supplier.
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Settled Loan means a Loan introduced by the Contractor and/or the CSC Credit Representative that is recorded in CSC’s commission system as a “Settled Loan”. The settlement date and amount is provided by the commission systems of the applicable Panel Lender and may differ from CSC’s “Customer Relationship Management system” and the loan tracking system of the applicable Panel Lender.
Sample 1
Settled Loan means a Loan introduced by you that is recorded in Aussie’s commission system as a “Settled Loan”. The settlement date and amount is provided by the commission systems of the applicable Panel Lender or Strategic Partner and may differ from Aussie’s “Customer Relationship Management system” and the loan tracking system of the applicable Panel Lender or Strategic Partner. Settled Loan Amount means the amount initially advanced to a Customer on the settlement of a Loan introduced by you or such other amount as the applicable Panel Lender or Strategic Partner uses to calculate Direct Commission (for example, for “Equity Loan” style products Panel Lenders specify a loan amount for commission purposes of less than the settled loan limit), determined at Aussie’s sole discretion.
Sample 1

Examples of Settled Loan in a sentence

  • Band Aggregate Loan Balance (from) Aggregate Loan Balance (to) Pass Through Rate 1 $ 0 $ 29,999,999.99 60% 2 $ 30,000,000.00 + 65% For example, if the value of your Aggregate Loan Balance calculated for January is $38,000,000.00, on the Monthly Payment Date in February you will receive a Loyalty Bonus payment calculated at the PTR of 65% of the Direct Commission (or Loyalty Bonus) Aussie receives from the Supplier in respect of each qualifying Settled Loan that is included in the Aggregate Loan Balance.

  • In the event of a Clawback Trigger, any Commission paid to you in relation to the relevant Settled Loan is to be repaid to AHL Investments and will be deducted from your Loyalty Bonus or other Upfront Commission or any other amount payable by AHL Investments to you.


More Definitions of Settled Loan

Settled Loan means a Loan which is recorded as such in AHL Investments’ commission system.
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Related to Settled Loan

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Non Pro Rata Loan is defined in Section 9.2 hereof.

  • Prime-based Advance means an Advance which bears interest at the Prime-based Rate.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale 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 Sale 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:

  • Revolving Advance has the meaning given in Section 2.1.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note securitized pursuant to such Securitization Servicing Agreement.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Qualified Loan means a loan made under this act or former 1961 PA 108 from this state to a school district to pay debt service on a qualified bond.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Committed Loan has the meaning specified in Section 2.01.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate.

  • Defaulting Lender Rate means (a) for the first 3 days from and after the date the relevant payment is due, the Base Rate, and (b) thereafter, the interest rate then applicable to Advances that are Base Rate Loans (inclusive of the Base Rate Margin applicable thereto).