Ineligible Loans Sample Clauses

Ineligible Loans. With respect to any Transaction, the Administrative Agent shall have determined in the course of its due diligence that the greater (by count) of 5% or twenty (20) of the Mortgage Loans are ineligible for sale to Administrative Agent in accordance with the terms of this Agreement.

Ineligible Loans. All loans held by PSB which do not constitute ---------------- Eligible Loan Production or which are delinquent in the payment of principal or interest for more than 60 days shall have been sold to a PUSA affiliate for a minium of book value.

Ineligible Loans. The Borrower shall make a deposit to the Collection Account (for allocation pursuant to Section 2.7) in immediately available funds an amount (the "Release Price") equal to the sum of (i): the product of the Net Loan Balance related to such Loan as of the last day of the related Collection Period and the Net Advance Rate in effect on the date of such payment; (ii) accrued and unpaid Carrying Costs, Increased Costs, Indemnified Amounts and Additional Amounts related to such Loan through the date of such deposit; (iii) any related Servicer Advances; and (iv) and all Hedge Costs due to the relevant Hedge Counterparties for any termination in whole or in part of one or more transactions related to the relevant Hedge Agreement, as required by the terms of any Hedging Agreement.