Current Loan definition

Current Loan. A Mortgage Loan that is less than thirty (30) days past due as of the related Servicing Transfer Date.

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Current Loan shall have the meaning set forth in Section 7.12.

Current Loan means a loan in respect of which the account of the loan with the lender has not been closed by the lender;

Examples of Current Loan in a sentence

• The Current Loan Documents, as modified by this Modification, are ratified and affirmed by Borrower and shall remain in full force and effect.

• The Current Loan Documents, as modified by this Modification, contain the entire understanding and agreement of Borrower and Lender in respect of the Loan and supersede all prior representations, warranties, agreements and understandings.

• Each and all representations and warranties of Borrower in the Current Loan Documents and this Modification are and will continue to be accurate, complete and correct as of the date set forth above, will continue to be true, complete and correct as of the consummation of the modifications contemplated by this Modification, and will survive such consummation.

• All representations and warranties made by the Borrower in the Current Loan Documents are true and correct as of the date hereof, except for such representations and warranties which are by their terms expressly limited solely to a specific date which are true and correct as of the applicable date.

• The Borrower reaffirms and agrees to perform and observe all affirmative covenants and negative covenants contained in the Current Loan Documents as modified hereby.

More Definitions of Current Loan

Current Loan means any loan that is fully paid to date according to a contract.

Current Loan. A Loan that is listed on Schedule II. Cut-off Date: July 31, 2012, or such other date as may be agreed to in writing by Seller and Purchaser.

Current Loan means an Eligible Loan as to which any Monthly Payment is less than 30 days past due as of any date of determination.

Current Loan. A Loan that (i) is not more than 30 days delinquent as of the Cut-off Date, (ii) does not have a Maturity Date that is on or prior to the Closing Date, or (iii) is not a Loan that has been brought current after the Cut-off Date with the liquidation of collateral as of the Closing Date. Custodian: ▇▇▇▇▇ Day, ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.

Current Loan. A Loan that is less than 30 days delinquent as of the Cut-off Date and is indicated as such on the Loan Schedule.

Current Loan means, as of any date, a Loan as to which all payments of principal and interest then due have been paid, except for the most recent payment then due of principal and interest.

Current Loan has the meaning set forth in Section 1.11.