Terminated Loan means the Loan that is refinanced and written down to zero in connection with a Renewal in respect of such Loan.
Terminated Loan has the meaning given in each Interest Rate Swap.
Terminated Loan means each Eligible Mortgage Loan which is either (i) sold or Securitized or (ii) prepaid in full.
Examples of Terminated Loan in a sentence
In connection with any Renewal that does not constitute a Renewal Loan Replacement, on the day on which the Seller pays the Terminated Loan Price with respect to the Terminated Loan in immediately available funds to the Servicer pursuant to the Loan Purchase Agreement, for deposit into the Collection Account, the Servicer shall deposit such amounts in immediately available funds into such account on such date.
More Definitions of Terminated Loan
Terminated Loan means any Loan: (i) which is at any time in default for 245 days or longer from the first defaulted instalment and is cancelled or terminated early by the Seller; or (ii) that is cancelled or terminated early by the Seller, provided that such Loan has been in default on at least 2 instalments, and the Management Company had been informed thereof through the means of communication agreed by the parties.
Terminated Loan. Each Eligible Loan which is (i) sold or Securitized, (ii) prepaid in full or (iii) repurchased by the Seller.
Terminated Loan means any Mortgage Loan owned by the Issuer which is (i) sold by it to a Mortgage Loan Buyer (other than a sale, or a Mortgage Loan subject to sale, to the Seller or Servicer pursuant to Section 3.3, 6.2 or 7.1 of the Mortgage Loan Purchase and Servicing Agreement) or (ii) prepaid in full.
Terminated Loan has the meaning set forth in the Mortgage Loan Purchase and Servicing Agreement.
Terminated Loan. Xxxx Xligible Loan which is (1) sold or Securitized or (2) prepaid in full.
Terminated Loan has the meaning set forth in the section entitled “Interim Payment Dates.”
Terminated Loan. Each Mortgage Loan owned by the Purchaser which is wholly prepaid by the Mortgagor, or sold by the Purchaser to a Mortgage Loan Buyer (other than a repurchase or sale, or a Mortgage Loan subject to sale to or repurchase by, the Seller or the Servicer pursuant to Section3.3, 6.2 or 7.1 hereof).