Approved List definition
Examples of Approved List in a sentence
Following the receipt by the Borrower and the Servicer of an approval by the Administrative Agent, any approved loans shall be deemed to be included in the Approved List.
On the date occurring ten (10) Business Days after the date of such approval by the Administrative Agent, any such approved loan, if not purchased or committed to be purchased by the Borrower, will be deemed to be removed from the Approved List.
Furthermore, the Borrower shall have the ability to request a removal from the Approved List, it being understood that approval of any such request shall be made by the Administrative Agent in its sole discretion.
On the date occurring fifteen (15) Business Days after the Closing Date, any approved loan, if not purchased or committed to be purchased by the Borrower, will be deemed to be removed from the Initial Asset List and the Approved List.