GMAC Loans definition

GMAC Loans. Those Mortgage Loans subject to this Agreement which were purchased by EMC from GMAC pursuant to the GMAC Servicing Agreement.
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GMAC Loans the Tranche C Loans made by the Lender to the Borrower which have been designated by the Borrower to be used to fund Additional GMAC Transfers.
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GMAC Loans. Those Mortgage Loans subject to this Agreement which were purchased by the Seller from GAMC pursuant to the GAMC Servicing Agreement.
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Examples of GMAC Loans in a sentence

  • The proceeds of the Loans shall be used to finance the consideration to be paid under the Master Transaction Agreement and to finance the payment of fees and expenses related to the Related Transactions and the Loan Documents, and for the working capital purposes of the Borrower and its Subsidiaries; provided, that the GMAC Loans shall be used solely to fund Additional GMAC Transfers.

  • Notwithstanding anything to the contrary herein, any GMAC Loan requested to be made in accordance with Section 2.3 shall be subject only to the satisfaction of the condition that the Treasury shall have received a Use of Proceeds Statement; provided that, the GMAC Loans may be used solely to fund Additional GMAC Transfers.

  • Subject to the terms and conditions hereof, the Lender agrees to make term loans (each, a “Tranche C Loan”) to the Borrower from time to time during the Tranche C Commitment Period in an aggregate amount not exceeding the Tranche C Commitment, provided that the GMAC Sublimit may only be utilized to borrow GMAC Loans.

  • The Heads of State or Government noted the outcome of the recent UN Diplomatic Conference on the establishment of an International Criminal Court and the fact that the Conference had not addressed such issues as the crime of drug trafficking and the crime of terrorism with its use of indiscriminate violence aimed at innocent civilians and use of weapons of mass destruction.

  • Following these procedures, GMAC filed an order to show cause to cure defectiveNOIs issued for more than 2644 loans (the "GMAC Loans") in October 2012.

  • Ocwen asserts an Administrative Claim in the amount of $43,381.64 for fees incurred by Ocwen for the remediation of the GMAC Loans.

  • GMAC-RFC took reasonable steps at the time of origination of the GMAC Loans to ensure that the GMAC-RFC Lending Criteria were satisfied (and that any discretions were exercised in accordance with GMAC-RFC's policies).

  • However the extent of spreading of these two water masses in the deep waters depends on the seasonally varying advection.

  • Summary table of GMAC Loans Portfolio Aggregate current balance £166,588,110 Number of borrowers............................................................................................................

  • Ocwen, as servicer, subsequently was required to implement remediation of the GMAC Loans.


More Definitions of GMAC Loans

GMAC Loans the Loans made by the Treasury to the Borrower, in an aggregate amount not exceeding the GMAC Sublimit solely for the purpose specified in Section 6.5 of the GMAC Master Agreement.
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Related to GMAC Loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • 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.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • 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.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.