Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement
Defaulted Loan means “Specially Serviced Mortgage Loan” as defined in the Lead Securitization Servicing Agreement.
Defaulted Loan. A Serviced Loan (i) that is delinquent at least sixty days in respect of its Monthly Payments or delinquent in respect of its Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any grace period permitted by the related Mortgage or Note and without regard to any acceleration of payments under the related Mortgage and Note or (ii) as to which the Master Servicer or Special Servicer has, by written notice to the related Mortgagor, accelerated the maturity of the indebtedness evidenced by the related Note.
Examples of Defaulted Loan in a sentence
Only for the pourpose of this Report, is a Delinquent Loan any Mortgage Loan which is not a Defaulted Loan and which has an Arrears Ratio equal to or higher than 1 for a period of at least one month A.1.c) 1.
Only for the pourpose of this Report, is a Delinquent Loan any Mortgage Loan which is not a Defaulted Loan and which has an Arrears Ratio equal to or higher than 1 for a period of at least one monthPrepared by PricewaterhouseCoopers Business Services S.r.l. (as Calculation Agent) Page 8 A.1.c) 2.
The Servicer shall not sell any Defaulted Loan or any collateral securing a Defaulted Loan to any Seller or Originator except for an amount at least equal to the fair market value thereof.
More Definitions of Defaulted Loan
Defaulted Loan as defined in Section 2.18.
Defaulted Loan as defined in Section 2.22.
Defaulted Loan means any Collateral Loan as to which:
Defaulted Loan. As of any Determination Date, any Loan for which any payment of principal of or interest on such Loan is more than 89 days past due, determined without giving effect to any grace period permitted by the related Mortgage or Mortgage Note or any other document in the Mortgage File.
Defaulted Loan shall have the meaning assigned to such term in Section 2.16(c).
Defaulted Loan means any Loan that a Defaulting Lender has failed to make.
Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.