Sold Loans definition

Sold Loans means (a) any and all loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser, and (b) any and all interests or participations in loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser.
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Sold Loans and “Special Purpose Entity” have the meaning specified in the definition of “Permitted Securitization”.
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Sold Loans means the loans from the Owned Portfolio which are sold to Purchaser prior to Closing.
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Examples of Sold Loans in a sentence

  • TEXT 4522 Divested Allowance Related to Sold Loans 4522 (1,955) 8.b. -------------------------------------------------------------------------------- ----------------------- 9.

  • The term "Sold Loans" means (a) any and all loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser, and (b) any and all interests or participations in loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser.

  • In addition, any Borrower Loan that remains unpaid on its Final Maturity Date (each, a “Charged-Off Loan” and, together with the Sold Loans and the Collection Amounts, the “Released Collateral”) shall automatically on such Final Maturity Date be released from the Security Interest.

  • With regard to all Assets that had been serviced by Servicer on behalf of Owner under the Prior Servicing Agreement immediately prior to the effective date of this Agreement other than the Sold Loans, such Assets shall, as of the effective date hereof, be serviced by Servicer pursuant to this Agreement.

  • Any buyback or repurchase or other payment in respect of any Colombo Sold Loan, and any agreement to reimburse, indemnify, or hold harmless, or otherwise assume liability with respect to any loss, liability or expense incurred by, any person in respect of a Colombo Sold Loan, with respect to not more than five Colombo Sold Loans, or Colombo Sold Loans having an aggregate principal balance of not more than $1,500,000, shall not cause this condition to not be satisfied.

  • The Purchaser is purchasing the Shares and the Sold Loans on its own account and not with a view to or for sale in whole or in part directly or indirectly to any third Person within six (6) months after the Closing Date.

  • The Purchase Price shall be subject to adjustment in accordance with Sections 3.3 - 3.6. The Purchase Price shall be allocated to the Shares and the Sold Loans in accordance with Exhibit 3.1 (the “Allocation”).

  • The purchase price for the Shares and the Sold Loans shall be USD 584,507,797 (in words: US Dollars five hundred eighty-four million five hundred seven thousand seven hundred and ninety-seven) (the “ Purchase Price”).

  • Subject to payment of the Purchase Price ((i) less the Escrow Amount, and (ii) less the Debt Reduction Amount, if any, or plus the Debt Increase Amount, if any) in accordance with Sections 4.3(g) - 4.3(i), Seller hereby transfers and assigns the Shares (including all rights to undistributed profits) and the Sold Loans to Purchaser, and Purchaser hereby accepts such transfers and assignments.

  • Other than in respect of Sold Loans, Servicer and Lender intend that the Loans shall at all times be owned by Lender and the property of Lender.


More Definitions of Sold Loans

Sold Loans means any residential real estate loans originated by Seller and sold in whole to Fxxxxxx Mac or other Governmental Entities (including the mortgage servicing rights and related mortgage servicing assets related to such sold loans).
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Related to Sold Loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Committed Loans means loans made pursuant to Section 2.1(a).

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

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

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Swingline Loans as defined in Section 2.6.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Credit Loans as defined in Section 2.1.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • New Revolving Loans as defined in Section 2.25.