Active Loan definition

Active Loan means the principal amount of any loan made to a Participant pursuant to Section 2.10, any Old Plan Takeover Loan or any Predecessor Contract Takeover Loan, which, in any case, is neither fully repaid nor deemed distributed under Section 72(p) of the Code.

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Active Loan means any U.S. Bank Direct Loan that is owned by a Settling Defendant and has not been fully repaid as of the Effective Date.

Active Loan means any Trust Loan which is owned by a Trust that is included within a Trust Party, subject to Indentures where appropriate, and which has not been fully paid as of the Effective Date.

Examples of Active Loan in a sentence

• If your listing is allocated to the Active Loan Channel or the Passive Loan Channel, Prosper investor members will commit funds to purchase from Prosper a Promissory Note evidencing the loan made by Bank to you.

• If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within one (1) hour of being posted, it will automatically be reallocated to the Note Channel.

• Subject to the Active Loan Cap, Eligible Loans shall be allocated to the Approved Subservicers in the order that such Subservicers were approved by JPMorgan.

• In the event that an Approved Subservicer shall no longer qualify to subservice any Subserviced Loans, JPMorgan shall transfer any such Subserviced Loans directly to other Approved Subservicers, subject to the Active Loan Cap and other provisions of this Subservicing Protocol, within a commercially reasonable period of time; and JPMorgan shall terminate subservicing on the remaining Subserviced Loans that cannot be transferred to another Approved Subservicer.

• Thereafter, SPS shall be eligible to receive Eligible Loans without regard to the Active Loan Cap if at any Monthly Transfer Date after 90 days after the Acceptance Date, SPS is the only Approved Subservicer and the Trustees consent to such transfer; provided, however, that the transfer of loans to SPS scheduled for December 1, 2013 shall be cancelled, but additional loans may be transferred as of January 1, 2014 and thereafter.

• Table Investor Name - Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - First and Last Name ▇▇▇▇▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇▇ Zip Code Table - Generic Active Loan Type Code - ex: conventional, fha, etc.

• If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within a reasonable amount of time determined in Prosper's sole discretion after being allocated, it will automatically be reallocated to the Note Channel.

• If your listing was allocated to the Active Loan Channel or the Passive Loan Channel, Prosper will sell the loan to one of its investor members, but Prosper will continue to service the loan.

• Active Loan: If you currently have an active Annuity loan, please contact me prior to completing your request for an Annuity distribution.

• If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within a reasonable amount of time determined in Prosper's sole discretion after being allocated, it may be reallocated to the Note Channel.

More Definitions of Active Loan

Active Loan means any HELOC Loan that had an Outstanding Principal Balance greater than zero and/or had accrued and unpaid interest due during the month. A HELOC Loan shall be considered “active” for the month in which such HELOC Loan is paid in full.

Active Loan means a loan from the Department to a borrower with a loan agreement on file signed by both parties and a corresponding balance of funds to be distributed or repaid.