Sub-Performing Loan definition

Sub-Performing Loan. A Mortgage Loan pursuant to which a scheduled monthly payment in respect of principal and/or interest due prior to the Cut-off Date under the terms of the related Mortgage Note (or any modification thereto), is at least 30 but not more than 60 days delinquent.
View Source
Sub-Performing Loan means a Mortgage Loan that is more than 29 but less than 61 days Delinquent (two payments missed).
View Source
Sub-Performing Loan. With respect to any date of determination, a First Lien Re-Performing Loan that is not a 24+ Re-Performing Loan, 12+ Re-Performing Loan, <12 Re-Performing Loan or a Non-Performing Loan
View Source

Related to Sub-Performing Loan

  • Non-Performing Loans means, with respect to any Bank Subsidiary at any time, the aggregate principal amount (including any capitalized interest) of all nonaccruing loans of such Bank Subsidiary plus the aggregate principal amount of all loans of such Bank Subsidiary that are ninety (90) days or more past due and still accruing minus the Guaranteed Loan Amount of such Bank Subsidiary, in each case at such time.

  • Non-Performing First Lien Bank Loans means First Lien Bank Loans other than Performing First Lien Bank Loans.

  • Performing DIP Loans means funded DIP Loans that (a) are not PIK Obligations and (b) are not Defaulted Obligations.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Existing Loan means the loan identified on Exhibit H.