Bulk Loan definition
Bulk Loan means any Loan that a Seller has conducted a due diligence review of and purchased in accordance with such Seller's "purchase guidelines" on a bulk basis (i) which is not delinquent and, unless otherwise approved in writing by the Buyer, has not been subject to any repurchase transaction under any repurchase facility between the related Seller or any Affiliate of such Seller and any other Person and (ii) in respect of which the related Seller has notified the Buyer of the complete chain of transfers from the related originator to such Seller.