CES Loan definition

CES Loan means a second lien loan that is secured by a mortgage, deed of trust or other similar security instrument and relates to a Mortgaged Property already securing a Mortgage Loan in the Portfolio.
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Examples of CES Loan in a sentence

  • The foregoing notwithstanding, the restrictions set forth in this Section 8.8 shall not apply to the CES Loan Parties until such restrictions are permitted under Section 8.20 of the CES Credit Agreement.

  • The foregoing notwithstanding, the restrictions set forth in this Section 8.7 shall not apply to the CES Loan Parties until such restrictions are permitted under Section 8.20 of the CES Credit Agreement.

  • The foregoing notwithstanding, the restrictions set forth in this Section 8.11 shall not apply to the CES Loan Parties until such restrictions are permitted under Section 8.20 of the CES Credit Agreement.

  • The foregoing notwithstanding, the restrictions set forth in this Section 8.10 shall not apply to the CES Loan Parties until such restrictions are permitted under Section 8.20 of the CES Credit Agreement.

  • The foregoing notwithstanding, the restrictions set forth in this Section 8.9 shall not apply to the CES Loan Parties until such restrictions are permitted under Section 8.20 of the CES Credit Agreement.

Related to CES Loan

  • MERS Loan Any Mortgage Loan registered on the MERS® System for which MERS appears as the mortgagee of record on the related Mortgage or on an assignment thereof.

  • PLUS Loan means a Loan that was made pursuant to the PLUS Program established under Section 428B of the Higher Education Act (or predecessor provisions).

  • SLS Loan means a Loan which was made pursuant to the Supplemental Loans for Students Program established under Section 428A of the Higher Education Act (or predecessor provisions), including Loans referred to as ALAS Loans or Student PLUS Loans.

  • U.S. Loan means an extension of credit by a Lender to the Specified U.S. Borrower under Article II in the form of a U.S. Revolving Credit Loan or a U.S. Swing Line Loan.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.