Subsequent Loans definition

Subsequent Loans means the Loans specified in the Schedule of Subsequent Loans attached as Schedule A to each Subsequent Transfer Agreement.

Subsequent Loans shall have the meaning provided in Section 2.01(b).

Subsequent Loans means, for purposes of this Agreement, the closed-end home equity loans identified on the Schedule of Subsequent Loans attached hereto as Schedule A, including without limitation all related mortgages, deeds of trust and security deeds and any and all rights to receive payments due pursuant thereto after the Cut-off Date.

Examples of Subsequent Loans in a sentence

• The transfer to the Trustee by the Depositor of the Subsequent Loans identified on the Loan Schedule shall be absolute and is intended by the Depositor, the Trustee and the Certificateholders to constitute and to be treated as a sale by the Depositor to the Trust Fund.

• The transfer to the Trustee for deposit in the Trust Fund by the Depositor of the Subsequent Loans identified on the Loan Schedule shall be absolute and is intended by the Depositor, the Trustee and the Certificateholders to constitute and to be treated as a sale of the Subsequent Loans by the Depositor to the Trust Fund.

• The purchase price paid by the Trustee on behalf of the Trust Fund from amounts released from the Pre-Funding Account shall be one-hundred percent (100%) of the aggregate Scheduled Principal Balance of the related Subsequent Loans so transferred (as identified on the Loan Schedule provided by the Depositor).

• The Trust Fund will consist of a segregated pool of assets comprised of the Loans, the Subsequent Loans and certain other assets.

• The purchase price paid by the Trustee shall be one hundred percent (100%) of the aggregate Cut-off Date Principal Balances of such Subsequent Loans.

More Definitions of Subsequent Loans

Subsequent Loans. The Loans contributed to the Trust pursuant to Section 2.07, which shall be listed on the Schedule of Loans attached to the related Subsequent Transfer Agreement.

Subsequent Loans. Has the meaning set forth in Section 1(a).

Subsequent Loans. The Loans sold to the Issuer pursuant to Section 2.7 and the related Subsequent Transfer Agreement, which shall be listed on the loan schedule attached to such Subsequent Transfer Agreement.

Subsequent Loans shall have the meaning specified in Section 3.1.

Subsequent Loans means the Mortgage Loans Granted to the Trustee pursuant to Section 12.7 of the Indenture, each of which (i) bears a fixed rate of interest, (ii) has a Mortgage Loan Coupon Rate at least equal to the Weighted Average Coupon Rate, (iii) has a Maturity Date which is no later than the Stated Maturity Date, (v) does not cause a breach of the representations and warranties in the Indenture and the TerraSun Loan Sale Agreement, (vi) is not more than thirty days past due with respect to any payment of interest or principal as of the immediately preceding Record Date, (vii) has not been more than 90 days past due with respect to any payment of interest or principal on more than one Record Date during the preceding 12 months, (viii) has not been in default, (ix) the related mortgagor (or successor thereto) was a Mortgagor as of the Cut-off Date and (x) relates to one of the Resorts.

Subsequent Loans has the meaning set forth in Section 2 below.

Subsequent Loans. After a total of $1,000,000 has been drawn by the Company, the Company may continue to draw $100,000 each 30 day period thereafter, upon Company's written notification and request to Lender, which written notification and request must be made at least 5 days but not more than 10 days prior to the expiration of 30 days from the date of the last occurring funding of any regularly scheduled Loan proceeds. SECURITY SCHEDULE