SUBJECT LOANS Clause Samples
The 'SUBJECT LOANS' clause defines the specific loans that are covered or referenced within the agreement. It typically lists or describes the loans by their identifying details, such as loan numbers, amounts, or borrowers, ensuring that all parties are clear about which financial obligations are included. This clause is essential for avoiding ambiguity and ensuring that the rights and responsibilities outlined in the contract apply only to the intended loans, thereby preventing disputes over scope and coverage.
SUBJECT LOANS. Bank agrees that so long as the Subject Commitment remains in effect Bank will, subject to the conditions of this Agreement, grant Borrower such Subject Loans as Borrower may from time to time request.
SUBJECT LOANS. CBI shall cause CSB to take all actions necessary and appropriate to sell, transfer or otherwise dispose of the loans or other extensions of credit set forth on Section 5.18 of the CBI Disclosure Schedules (the “Subject Loans”) on or before the Calculation Date.
SUBJECT LOANS. CBI shall have, or caused CSB to have, sold, transferred or otherwise disposed of the Subject Loans.
SUBJECT LOANS. To the extent it is determined during the period after the Signing Date, that the information provided by Radian including, but not limited to the paid dates, policy adjustment or curtailment dates, the failure of a loan to be identified as a Subject Loan, or that the Category applied to a Subject Loan within the Schedules, is a result of manifest error, the Parties agree to cooperate in good faith to correct such error. If any such correction would result in a change to the economic analysis that formed the basis for determining the Decisioned Legacy Claims Cut-Off Date or the Decisioned Servicing Only Claims Cut-Off Date, as applicable, the Parties agree to cooperate in good faith to revise the Decisioned Legacy Claims Cut-Off Date or the Decisioned Servicing Only Claims Cut-Off Date, as applicable, to reflect the same economic basis as in effect before such correction. To the extent the Parties are unable to resolve a dispute regarding the listing of or Category for a loan, or revision to the Decisioned Legacy Claims Cut-Off Date or the Decisioned Servicing Only Claims Cut-Off Date, as applicable, then the ADR Procedure shall apply to such continuing dispute, and if a material change in the schedules is required or such loan is determined to be a Subject Loan, the Insureds shall have sixty (60) days from the written decision rendered under the ADR Procedure to obtain the applicable Required Consent or Other Consent, if necessary.
SUBJECT LOANS. Each Bank (for itself only and not for the others) agrees, subject to the conditions of this Agreement, that so long as that Bank's subject commitment remains in effect, it will grant Borrower the subject loans, up to the amounts specified to be loaned by it in subsection 2A.01, pursuant to this Agreement as Borrower may from time to time request.