EBO Loans definition

EBO Loans means any Mortgage Loan owned by a Subject Company at the time immediately prior to the Effective Time and acquired as a result of purchasing the Mortgage Loan out of a GNMA pool, accrued and unpaid interest thereon and any related outstanding Advances.
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Examples of EBO Loans in a sentence

  • To the extent Subservicer reasonably determines that available amounts in the Custodial Account or Funding Reserve Account will not be adequate to fund expected Monthly Advances, Servicing Advances, Compensating Interest payments, buyouts of EBO Loans or other repurchases of Mortgage Loans, the Owner/Servicer shall within two (2) Business Days of receipt of the Subservicer’s request and supporting documentation deposit into the Funding Reserve Account amounts sufficient to fund the expected shortfall.

Related to EBO Loans

  • Bridge Loans means the loans made by Parent under the Bridge Loan Agreement.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Revolving Loans as defined in Section 2.4(a).

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.