Workout agreement definition

Workout agreement means an agreement between an individual borrower and a licensee for the repayment of an outstanding and unpaid indebtedness. The workout agreement must provide for payments in equal installments over a period of at least 90 days and the licensee may not assess any other fee, interest charge, or other charge on the borrower as a result of converting the loan into a workout agreement.
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Workout agreement means an agreement for repayment of the outstanding and unpaid indebtedness on a title loan.
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Workout agreement means an agreement between an individual borrower and a licensee for the repayment
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Examples of Workout agreement in a sentence

  • Total principal payments required under the mortgage, even if payments under a Workout Agreement are less or more than those required under the mortgage.

  • Any default by SVG under this Agreement or the Note shall be deemed to be in default under the Mortgage Note and the Provisional Workout Agreement.

  • Borrower acknowledges that the Mortgage Note as modified by the Provisional Workout Agreement is in full force and effect and acknowledges there has been no default by any holder of the Mortgage Note and hereby waives any defenses or counterclaims it might have with respect to enforcement or collection of the Mortgage Note.

  • Unless otherwise defined in this Agreement, terms used herein shall have the meanings set forth in the Workout Agreement, or Credit Agreement, in that order.

  • Terms not defined herein shall have the meaning as set forth in the Workout Agreement.

  • This Amendment will terminate upon termination of the Workout Agreement.

  • The Workout Agreement shall be terminated effective at the Closing, and Xxxxxx shall thereupon release all of its future claims thereunder.

  • An “Event of Default” (as such term is defined in the Workout Agreement) occurs and is continuing.

  • Xxxxx Xxx: President /s/ Jonaxxxx Xxxxx ------------------ an individual The Bridge Financiers (see Exhibit A) 5 EXHIBIT A to the Workout Agreement dated August 30, 1996 BRIDGE FINANCIERS The undersigned persons, as a group, have agreed among themselves to provide the bridge financing upon the terms and conditions set forth in paragraph 20 of the Workout Agreement.

  • The credit granted pursuant to this Section shall expire to the extent that it is not used within eight (8) years after the Amendment Effective Date of the First Amendment to this Workout Agreement.


More Definitions of Workout agreement

Workout agreement means an agreement between an individual consumer and a Lender for the repayment of an outstanding and unpaid indebtedness which requires a net reduction of not less than 10% of such indebtedness per payment period.
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Workout agreement means an agreement between an individual borrower and a licensee for the repayment of an outstanding and unpaid indebtedness. which requires a net reduction of not less than 10% of such
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Workout agreement means the Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans, dated as of January 30, 2004, between Xxxxxx Brothers Bank and Party B, dated as of the date hereof, as amended from time to time.
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Workout agreement means an agreement for repayment of the outstanding and unpaid indebtedness
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Workout agreement means an agreement between an individual borrower and a bank, trust company or savings bank for the repayment of an outstanding and unpaid indebtedness which requires a net reduction of not less than 10% of such indebtedness per payment period.
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Workout agreement means an agreement between an individual borrower and a bank, trust
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Related to Workout agreement

  • Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest to another.

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Master Transaction Agreement has the meaning set forth in the recitals.

  • TBT Agreement means the Agreement on Technical Barriers to Trade, which is part of the WTO Agreement;

  • Put Agreement means an agreement dated as of August 13, 2008, as amended, among the Company, OT LLC and Rio Tinto Alcan.

  • Subordination Agreement means any subordination or intercreditor agreement(s) entered into with respect to any subordinate financing related to the Project, as the same may be amended, supplemented or restated.

  • Payment Agreement means a written agreement which provides

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Depositor.

  • Subordination Agreements means all subordination agreements executed by a holder of Subordinated Debt in favor of the Administrative Agent and the Lenders from time to time after the Closing Date.

  • Repayment Agreement means an agreement

  • Support Agreement has the meaning set forth in the Recitals.

  • Management Agreement means the agreement to be entered into between the Borrower and the Manager providing for the ship management and crewing services of the Vessel, such agreement to be in the form and on the terms and conditions required by the Agent;

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • NIMS Agreement Any agreement pursuant to which the NIM Securities are issued. NIMS Insurer: One or more insurers issuing financial guaranty insurance policies in connection with the issuance of NIM Securities.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Refinancing Agreement as defined in Subsection 8.3(c).

  • Reimbursement Agreement as defined in Section 2.8(b).

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.