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 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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Examples of Workout agreement in a sentence

  • This may be required of the buyer in a TPA (Chapter 13) or of the owner when funds are pledged as part of a Workout agreement (Chapter 11).

  • In its third cause of action, Plaintiff seeks from the Court the imposition of “a constructive contract between the parties to prevent the defendants’ unjust enrichment,” alleging that the ParkStone Defendants “obtained a substantial benefit by inducing the Plaintiff to continue to perform upon a promise to reduce the [Loan Workout] agreement to writing.” (Compl.


More Definitions of Workout agreement

Workout agreement means an agreement between an individual borrower and a licensee for the repayment
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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
Sample 1Sample 2
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 between an individual borrower and a bank, trust
Sample 1
Workout agreement means an agreement for repayment of the outstanding and unpaid indebtedness
Sample 1
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.
Sample 1

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 agreement in form and substance satisfactory to Administrative Agent entered into from time to time with respect to Subordinated Debt.

  • 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, collectively, any subordination agreements entered into by any Person from time to time in favor of Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them.

  • Repayment Agreement means an agreement

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

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

  • 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 that certain Master Disbursement Agreement, dated as of , 2002, among the Borrower, the Administrative Agent and the other parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Credit Agreement.

  • 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 shall have the meaning set forth in Paragraph 2(b) hereof.

  • 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.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.