Subject Loans definition

Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

Subject Loans means, as of any date of determination, any outstanding Term Loans subject to ratable prepayment requirements in accordance with Section 2.11(b)(vi) on such date of determination.

Subject Loans. Each of (i) the Measurement Loans and (ii) any Transferred-In Loans agreed upon by the parties; provided that (x) with respect to the calculation of the Foreclosure Sale Ratio, a Transferred-In Loan shall not be deemed a Subject Loan until a date that is mutually agreed by the parties and (y) with respect to the calculation of the Workout Ratio, a Transferred-In Loan shall not be deemed a Subject Loan until a date that is mutually agreed to by the parties.

Examples of Subject Loans in a sentence

• Notwithstanding any provision or inference to the contrary, the Contract Rate shall not be based on One Month LIBOR if Bank shall determine in good faith that (a) any governmental authority has asserted that it is unlawful for Bank to fund, make, or maintain loans bearing interest based on One Month LIBOR, or (b) circumstances affecting the market selected by Bank for the purpose of funding the Subject Loans make it impracticable for Bank to determine One Month LIBOR.

• In connection with any Subject Loans repurchased and cancelled pursuant to this Section 2.11(i), the Administrative Agent is authorized to make appropriate entries in the Register to reflect any such cancellation and/or termination.

• Upon the occurrence of any Force Majeure Event, that has a material impact on the Subservicer’s ability to service the Subject Loans pursuant to the Agreement, the parties will agree to waive any of the Performance Triggers to the extent affected.

• In addition to the specific provisions set forth in Sections B, C and D of this Exhibit J relating to the conditions under which a Performance Trigger may be modified, the Owner/Servicer and Subservicer agree to modify any of the above Performance Triggers from time to time in cases where there have been or will be material changes to the portfolio of Subject Loans constituting the reference class of the applicable Performance Trigger.

• Each such sale of Subject Loans shall be governed by the procedures set forth in this Section 2.

More Definitions of Subject Loans

Subject Loans means consumer loans where the APR (Annual

Subject Loans as defined in Section 2.14(h).

Subject Loans has the meaning set forth in Section 9.7(c).

Subject Loans has the meaning specified therefor in Section 16D.5.

Subject Loans means Legacy Loans and Servicing Only Loans, identified on any of Schedules 1 through 8 of the Letter Agreement.

Subject Loans means those Eligible Loans that have not become Excluded Loans as of the Cutoff Date, or have not become Returned Loans as of Cutoff Date. The Subject Loans, as of the Cutoff Date, are set forth on Schedule 1(b) of the Letter Agreement.

Subject Loans means, as of any date of determination, (a)(i) prior to the Amendment No. 1 Effective Date, Initial Term Loans and (ii) on and after the Amendment No. 1 Effective Date, Amendment No. 1 Term Loans and (b) any Additional Term Loans that are subject to ratable prepayment requirements in accordance with Section 2.11(b) on such date of determination.