Type 1 relevant loan means any of the following:
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
LPMI Loan A Mortgage Loan with a LPMI Policy.
VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.
Type of Loan means (i) with respect to Revolving Loans, a Base Rate Loan or a Eurodollar Rate Loan, and (ii) with respect to Swing Line Loans, a Base Rate Loan.
Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.
Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).
Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.
Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.
LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.
LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.
Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.
Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.
LIBOR Rate Loan means a Loan that bears interest based on LIBOR.
Eurodollar Loan means a Loan bearing interest based at a rate determined by reference to the Eurodollar Rate.
Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).
LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.
Dollar Loan means a Loan denominated in Dollars.
Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.
Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.
Wet Loan means a wet-funded first or second lien Mortgage Loan which is underwritten in accordance with the Underwriting Guidelines and does not contain all the required Mortgage Loan Documents in the Mortgage File.
U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.
LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.
Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.
Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.
Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.