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

  • On the Release Date of each Warranty Breach Loan Asset, the Collateral Agent, for the benefit of the Secured Parties, shall automatically and without further action be deemed to release to the Borrower, without recourse, representation or warranty, all the right, title and interest and any Lien of the Collateral Agent, for the benefit of the Secured Parties in, to and under the Warranty Breach Loan Asset and any Related Asset and all future monies due or to become due with respect thereto.


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

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Eligible Loan Asset means, at any time, a Loan Asset in respect of which each of the representations and warranties contained in Section 4.02 and Schedule III hereto is true and correct.

  • Information Security Breach means the unauthorized acquisition, access, use, disclosure, transmittal, storage or transportation of Confidential Information which is not permitted by law or by the terms of this Amendment, including, but not limited to, a Security Incident.

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

  • Security Breach means (i) any act or omission that materially compromises either the security, confidentiality or integrity of Named Entity Protected Data, or the physical, technical, administrative or organizational safeguards put in place by Vendor or any Authorized Persons that relate to the protection of the security, confidentiality or integrity of Named Entity Protected Data, (ii) receipt of a complaint in relation to the privacy practices of Vendor or any Authorized Persons or a breach or alleged breach of this Contract relating to such privacy practices.

  • 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.