Defaulted Loans definition
Defaulted Loans means any Mortgage Loan in relation to which there are 1 (one) or more Defaulted Receivables.
Defaulted Loans shall have the meaning assigned to such term in Section 2.16(c).
Defaulted Loans means all Loans for which any payment is one hundred and twenty (120) days or more past due.
Examples of Defaulted Loans in a sentence
With respect to Defaulted Loans and Delinquent Loans, subject to the limitations and conditions set forth in the Credit Agreement, including Section 2.15 of the Credit Agreement, on any date, the Seller shall have the option, but not the obligation, to substitute one or more Substitute Loans for a Defaulted Loan or Delinquent Loan.
More Definitions of Defaulted Loans
Defaulted Loans means any Loan not made by any Lender when required hereunder.
Defaulted Loans has the meaning assigned to that term in subsection 2.1C.
Defaulted Loans shall be those Loans that are ninety (90) days or more past due and have triggered an acceleration of the Loan and written notice to the borrower of such, as evidenced by documents defined in Section 3.04.
Defaulted Loans means Loans with respect to which the borrower is in payment or other default.
Defaulted Loans means the failure of a borrower to make an installment payment when due or to comply with other terms of the note or other written agreement evidencing a loan in accordance with the conditions and requirements of the act and the secretary specified in the provisions of 34 C.F.R. SS682.200 and 682.412. These provisions are adopted by reference in R 390.1491.
Defaulted Loans. Any Loan subject to an event described in clause (b), (c), (d) or (f) of the definition of Assigned Value Adjustment Event in the Loan Agreement.
Defaulted Loans means any Loans with respect to which an Event of Default has occurred under the related Loan Agreement and as to which the Credit Facility Issuer has directed the Trustee to transfer such Loan Agreement directly to the Credit Facility Issuer.