Subsequent Loan definition

Subsequent Loan means each Loan made following the Initial Loan.

Subsequent Loan. A Loan sold by the Depositor to the Trust Fund during the Pre-Funding Period pursuant to Section 2.6, such Loan being identified on the Loan Schedule attached to a Subsequent Transfer Instrument and assigned to the Trust Fund.

Subsequent Loan means a Loan sold by the Seller to the Trust pursuant to Section 2.03, such Loan being identified as such in the Subsequent Transfer Instrument.

Examples of Subsequent Loan in a sentence

• The related Mortgage File for each Subsequent Loan shall be delivered to the Trustee (or the applicable Custodian on its behalf) at least three (3) Business Days prior to the related Subsequent Transfer Date.

• On each Subsequent Transfer Date, the Originator will have possession of each original Subsequent Loan being transferred to the Trust on that Subsequent Transfer Date and the related Loan File.

• Said instructions shall include the Borrower’s Name; Title/Escrow # and/or Loan # ; the person/entity to receive the Subsequent Loan Disbursement (“Receiving Party”); the Receiving Party’s full account name; Receiving Party’s account number at the receiving bank (“Receiving Bank”); Receiving Bank’s (ABA) routing number; city and state of the Receiving Bank; and the amount of the Subsequent Loan Disbursement (not to exceed the Maximum Subsequent Loan Disbursement Amount set forth above).

• The Administrative Agent is hereby authorized to disburse the proceeds of any Subsequent Loan Disbursement requested from an Authorized Representative in accordance with the terms of the Credit Agreement by deposit into the deposit account specified in the deposit instructions set forth below under Item 4.

• Once advanced, each Subsequent Loan shall be aggregated with all prior Subsequent Loans and all such term loans shall be referred to as Committed Loans.

More Definitions of Subsequent Loan

Subsequent Loan. Each Home Loan sold to the Grantor Trustee for inclusion pursuant to Section 2.07 of the Grantor Trust Agreement and the related Subsequent Transfer Agreement, which Home Loan shall be listed on the related Subsequent Loan Schedule.

Subsequent Loan. Each Home Loan sold to the Trust for inclusion pursuant to Section 2.06 hereof and the related Subsequent Transfer Agreement, which Home Loan shall be listed on the related Subsequent Loan Schedule.

Subsequent Loan has the meaning set forth in Section 2.7(b).

Subsequent Loan means a Fixed Rate Loan, a Group I Adjustable Rate Loan or a Group II Adjustable Rate Loan sold by the Seller to the Trust pursuant to Section 2.03, such Loan being identified as such in the Subsequent Transfer Instrument.

Subsequent Loan means a Group I Loan or a Group II Loan sold by the Seller to the Trust pursuant to Section 2.03, such Loan being identified as such in the related Subsequent Transfer Instrument.

Subsequent Loan has the meaning ascribed to it in Section 1.1(a)(iii).

Subsequent Loan means a Fixed Rate Loan, a Group I Adjustable Rate Loan or a Group II Adjustable Rate Loan sold by the Company to the Trust pursuant to Section 2.03, such Loan being identified as such in the Subsequent Transfer Instrument.