Client Loan definition

Client Loan means each loan made by the Company as a lender.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Client Loan means each loan made by the Issuer as a lender;

Client Loan means any loan, extension of credit, or financial accommodation made by Borrower to or for the benefit of a Client or a Client Borrower, the purpose of which Client Loan is related to the purchase and/or development for sale as finished building lots for single-family residential real estate and the improvements thereto or to Client Credit Enhancements provided by Borrower in accordance with this Agreement.

Examples of Client Loan in a sentence

• Each Client Loan will be communicated to Servicer in a mutually agreed-upon electronic format or formats (in cases where more than one file format is needed by Servicer).

• EACH PARTY CERTIFIES THAT NO OFFICER, REPRESENTATIVE, AGENT OR ATTORNEY OF THE AGENT OR ANY HOLDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE AGENT OR ANY HOLDER WOULD NOT, IN THE EVENT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING WAIVERS.

• Borrower shall cause each Client to maintain insurance as required under the Client Loan Documents; provided, that in any event, each such Client shall be required to maintain casualty and general liability insurance on the real property securing the Client Loans.

• Either the Client or Servicer may terminate servicing by Servicer with respect to any Client Loan or all Client Loans upon ninety (90) days written notice delivered to the other party via email (and duly acknowledged by the other party) or upon a Servicer Termination Event (as defined below).

• Debtor shall ensure that the Collateral and the real properties securing the Client Notes and the Client Loan Documents are, and remain, insured against loss by fire and other casualty.

• Debtor at Debtor’s expense will promptly execute and deliver to Lender on Lender’s request, all such other and further documents, agreements and instruments, and shall deliver all such supplementary information, including, without limitation, with respect to the Client Notes, the Client Loan Documents and the loans made pursuant thereto, and the Collateral, as Lender may request from time to time.

• Debtor shall not sell, assign (by operation of law or otherwise) or otherwise dispose of any of the Collateral, other than the sale or assignment of Client Notes and Client Loan Documents in the ordinary course of business if (i) Lender has provided its prior written consent to such sale or assignment, or (ii) the proceeds of the sale or assignment are used to pay down the Note.

• In making this agreement with Servicer, Client represents, warrants and agrees to provide to Servicer the information fields for each Client Loan and the documentation regarding the Client Loans for which it desires servicing under the terms of this Agreement (“Boarding”).

• FIS will provide, and Client will authorize, daily extracts of Client Loan Origination Data from Originate and at a minimum, monthly extracts of Loan Servicing Data from AutoSuite, along with control totals to verify loading of data into the PortfolioRevue database.

• In the event of termination of this agreement, Servicer agrees to provide Client with electronic copies of the Client Loan records in Servicer's standard format at the current rate of Final Transaction as stated in Schedule 2.

More Definitions of Client Loan

Client Loan means a loan provided to a Client following a Loan Request pursuant to a Loan Summary Document for the purposes of funding incurred costs of Proceedings (including fees, disbursements and VAT) for which the Law Firm is acting on the Client’s behalf; Complaint means any oral or written expression of dissatisfaction, whether justified or not, from, or on behalf of, a Client about any product or service provided by the Law Firm or RateSetter; Confidential Information means all knowledge and information relating to the trade, business, activities, operations, organisation, finances, processes, dealings, specifications, methods, designs, formulae and technology of and concerning the parties and includes any unique password(s) assigned to the Law Firm by RateSetter; Data Protection Laws: (i) unless and until the GDPR is no longer directly applicable in the UK, the GDPR and any national implementing laws, regulations and secondary legislation, as amended or updated from time to time, in the UK and then (ii) any successor legislation to the GDPR or the Data Protection ▇▇▇ ▇▇▇▇.

Client Loan means each loan disbursed by the Company as a lender, and "Client Loans" shall be construed accordingly.

Client Loan means each loan made by the Company as a lender, and “Client Loans” shall refer to the aggregate of such loans;