Warranty Breach Loan Asset definition

Warranty Breach Loan Asset means any Loan Asset with respect to which a Warranty Breach Event has occurred.
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Warranty Breach Loan Asset means any Loan with respect to which a Warranty Breach Event has occurred.
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Warranty Breach Loan Asset has the meaning set forth in the Purchase and Sale Agreement.
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Examples of Warranty Breach Loan Asset in a sentence

  • The Borrower will not purchase any Loan Asset from any Affiliate of Xxxxxx Xxxxxxx Bank, N.A. with the proceeds of any Advance made by Xxxxxx Xxxxxxx Bank, N.A. in its capacity as a Lender; provided that the unintentional violation of this provision shall not constitute an Event of Default but any Loan Asset so purchased shall be deemed to be a Warranty Breach Loan Asset and the Assigned Value of such Loan Asset shall be zero.

  • The Borrower shall transfer any Warranty Breach Loan Asset to the Transferor in accordance with the Contribution Agreement and cause any indemnification or sales proceeds in connection therewith (which proceeds shall be at least equal to the cash portion of the purchase price paid by the Borrower for such Warranty Breach Loan Asset) to be deposited directly into the Collection Account.


More Definitions of Warranty Breach Loan Asset

Warranty Breach Loan Asset means any Loan Asset required to be re-purchased from the Borrower by the Transferor pursuant to the Contribution Agreement.
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Warranty Breach Loan Asset means any Loan Asset, with respect to which (a) any of the Seller’s representations and warranties set forth in Sections 4.1(e), (f), (g), (i), (j), (k) or (o) was not true and correct at the time made or (b) the Seller fails to satisfy its obligations under Section 5.1(j).
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Related to Warranty Breach Loan Asset

  • Material Defect As defined in Section 2.02(c) hereof.

  • Data Breach means the unauthorized access by an unauthorized person that results in the use, disclosure or theft of Customer Data.

  • Warranty Claim means any claim for breach of Warranty;

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Security Breach means confirmed use, accidental or unlawful destruction, loss or unauthorized disclosure of Customer Data or Customer confidential information.

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.