Acquired Loans definition

Acquired Loans means loans previously originated by a financial institution other than Lender through the lending program administered by Servicer that are acquired by Lender from time to time and that Lender and Servicer agree in writing to treat as Loans under this Origination Agreement.”

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Acquired Loans means, with respect to each of the Initial Contribution Agreement and the Subsequent Contribution Agreements, the Loans selected for contribution and acquired or substituted pursuant to such Contribution Agreement.

Acquired Loans means the loans and mortgages included in any Asset Portfolio acquired by any of the Borrowers, and which have not been disposed of by any such Borrower.

Examples of Acquired Loans in a sentence

• The participations created with respect to the Participation Loans and the sale to the Originator with respect to the Acquired Loans do not violate any provisions of the underlying Required Asset Documents and such documents do not contain any express or implied prohibitions on participations or sales of such Loans other than those that have been complied with.

• With respect to Participation Loans, Acquired Loans and Assigned Loans, the Servicer shall: (i) segregate all Loan Files with respect to such Loans; (ii) keep separate records with respect to such Loans; and (iii) identify each such Type of Loan on the Servicing Reports required hereunder with respect to such Loans.

• On or before the applicable Cut-Off Date, the Servicer shall have instructed all Obligors (or with respect to Acquired Loans, the applicable agent) to make all payments in respect of the Collateral to the Lock-Box or directly to the Lock-Box Account.

• With respect to Participation Loans and Acquired Loans, the Servicer shall: (i) take all actions necessary, if any, under the related documents to recognize the consummation of the 2009 Restructuring while maintaining and preserving all rights and remedies of the parties under this Agreement; (ii) keep separate records with respect to such Loans; and (iii) identify each such Type of Loan on the Servicing Reports required hereunder with respect to such Loans.

• With respect to any litigation or proceedings relating to any Acquired Loans in which Seller or its employees are requested by Buyer or required by subpoena, court order or otherwise, to testify or to prepare responses to subpoenas or other legal process, pleadings or discovery to which Buyer is a party, Seller shall be reimbursed by Buyer for all reasonable associated travel, lodging and per diem costs and expenses.

More Definitions of Acquired Loans

Acquired Loans shall not include any Repurchased Auto Loan after the date of the repurchase thereof.

Acquired Loans means all right, title and interest of Seller as of the Closing Date in the loans (other than Excluded Loans) and Commitments identified on the Acquired Loan Schedule, and all Loan Documents related thereto, including, without limitation, all right, title and interest to all unpaid or future commitment, facility and other fees associated therewith.

Acquired Loans means Timeshare Loans originated by Epic Resorts, LLC and its affiliates prior to the acquisition of certain assets of Epic Resorts, LLC by DRC.

Acquired Loans means (a) the “Loans” as defined in that certain Purchase and Sale Agreement between Lender, Servicer and [*****] dated as of October 27, 2017, which were acquired by Lender pursuant thereto, and (b) the “Loans” as defined in that certain Purchase and Sale Agreement between Lender, Servicer and [*****] dated as of February 28, 2018, which were acquired by Lender pursuant thereto.

Acquired Loans in Section 1.01 of the Sale and Servicing Agreement is hereby amended and restated in its entirety as follows:

Acquired Loans means Financial Indebtedness of any Person acquired by a Group Company after the Issue Date, where the Financial Indebtedness is incurred under arrangements in existence at the date of acquisition, but not incurred or increased or having its maturity date extended in contemplation of, or since, that acquisition.

Acquired Loans means loans previously originated by a federally-insured and federal- or state-chartered financial institution other than Lender through the GreenSky® Program that are acquired by Lender from time to time, as agreed to by Lender in its sole discretion, and that Lender and Servicer agree in writing to treat as Loans under this Origination Agreement and the Servicing Agreement.