defaulted. Program Loan is defined as a Program Loan where an event of default has occurred and remains uncured under the loan documents for such Program Loan.
defaulted means any Loan which has been charged-off, closed with a positive charge-off balance, or under which a vehicle has been repossessed.
defaulted means, when used with respect to any Securities, an --------- Event of Default shall have occurred and be continuing, but only if, in the case of an Event of Default referred to in Section 8.01(4), the written notice referred to in Section 8.01(4) has been given by the Trustee or by the Holders of at least 25% in Principal Amount of the Outstanding Securities.
Examples of defaulted in a sentence
Defaulted mortgage loans that remain in pools backing Ginnie Mae MBS certificates may be subject to governmental mortgage insurance claim payments, loss mitigation arrangements or foreclosure, which could have the same effect as voluntary prepayments on the cash flow avail- able to pay the securities.
More Definitions of defaulted
defaulted means failure to make a scheduled
defaulted means failure to make a scheduled installment payment on a promissory note or failure to comply with other terms of a promissory note.
defaulted on the date which is the earlier of the mailing or recording of a notice of default to a loan debtor, or the date of filing (whether voluntarily or otherwise) of any petition under any provision of bankruptcy law in connection with such loan debtor.