Additional Loan Account definition

Additional Loan Account means the trust account maintained by the Indenture Trustee into which is deposited on the Closing Date the amount specified in the Adoption Annex. The account will be an Eligible Account, and will be available only for purchases of Additional Home Equity Loans.
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Additional Loan Account for a Loan Group means the trust account maintained by the Indenture Trustee into which is deposited on the Closing Date the amount specified in the Adoption Annex for the Loan Group. The account will be an Eligible Account, and will be available only for purchases of Additional Home Equity Loans for the relevant Loan Group.
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Additional Loan Account for a Loan Group means the trust account maintained by the Indenture Trustee into which is deposited on the Closing Date the amount specified in the Adoption Annex for a Loan Group. The account will be an Eligible Account, and will be available only for purchases of Additional Home Equity Loans for the relevant Loan Group.
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Examples of Additional Loan Account in a sentence

  • The Purchaser may use the funds in each Additional Loan Account to purchase Additional Home Equity Loans on any Subsequent Closing Date designated by the Purchaser by the Latest Subsequent Closing Date.

  • In addition to Investor Principal Collections, on the Payment Date after the end of the Funding Period, any amount deposited in the Additional Loan Account not used during the first Collection Period to purchase Additional Home Equity Loans will be distributed to the Holders of the Principal Amount Notes in reduction of the Note Principal Balance.

  • The Purchaser may use the funds in the Additional Loan Account to purchase Additional Home Equity Loans on any Subsequent Closing Date designated by the Purchaser by the Latest Subsequent Closing Date.

  • The Purchaser may use the funds in each Additional Loan Account to purchase Additional Home Equity Loans for the related Loan Group on any Subsequent Closing Date designated by the Purchaser by the Latest Subsequent Closing Date.

  • If any funds remain in any Additional Loan Account on the Latest Subsequent Closing Date, to the extent that they represent earnings on the amounts originally deposited into that Additional Loan Account, the Indenture Trustee shall distribute them to the order of the Master Servicer.

  • The Indenture Trustee shall establish and maintain an Additional Loan Account for each Loan Group with the title specified in the Adoption Annex.

  • If at any time the Depositor becomes aware that the Cut-off Date Asset Balance of Additional Home Equity Loans reflected on any Transfer Document exceeds the actual Cut-off Date Asset Balance of the relevant Additional Home Equity Loans, the Depositor shall so notify the Indenture Trustee in writing and the Indenture Trustee shall redeposit into the applicable Additional Loan Account the excess reported to it by the Depositor.

  • In addition to Investor Principal Collections, on the Payment Date after the end of the Funding Period, any amount deposited in an Additional Loan Account not used during the first Collection Period to purchase Additional Home Equity Loans will be distributed to the holders of the related class of Principal Amount Notes as a prepayment of principal.

  • Each Additional Loan Account shall be an Eligible Account solely for the benefit of the Secured Parties.

  • In addition to Investor Principal Collections, on the Payment Date after the end of the Funding Period, any amount deposited in an Additional Loan Account not used during the first Collection Period to purchase Additional Home Equity Loans will be distributed to the holders of the related Note Group (in the case of the Notes Group 2, pro rata between the Class 2-A-1A and Class 2-A-1B Notes) as a prepayment of principal.


More Definitions of Additional Loan Account

Additional Loan Account. Subsequent Cut-off Date," Subsequent Closing Date," and "Latest Subsequent Cut-off Date" shall be of no effect and all provisions in this Indenture related to those terms shall be of no effect.
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Related to Additional Loan Account

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Educational loan means a loan made by the authority to an institution.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Additional Lenders has the meaning assigned to such term in Section 2.18(b).

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).

  • Additional Lender has the meaning set forth in Section 2.14(c).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Initial Loan is defined in Section 2.1.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.