Interest Reserve Loan definition

Interest Reserve Loan. Each Mortgage Loan that is an Actual/360 Mortgage Loan (or any successor REO Mortgage Loan with respect thereto).
Interest Reserve Loan. Each Actual/360 Mortgage Loan.
Interest Reserve Loan. Each Mortgage Loan that is an Actual/360 Mortgage Loan.

Examples of Interest Reserve Loan in a sentence

The par amount equal to $203,098,753 (plus accrued interest, less an amount equal to two days’ interest for each Interest Reserve Loan sold by Seller to Purchaser, and in any event subject to certain adjustments pursuant to that certain Memorandum of Understanding dated as of November 25, 2013 and entered into between Seller, Bank of America, National Association and Morgan Stanley Mortgage Capital Holdings LLC).

Participant understanding of these graphics was very low—only one of the 10 participants understood what the graphics were trying to communicate without any additional prompting from the moderator.

The par amount equal to $605,469,347 (plus accrued interest, less an amount equal to two days’ interest for each Interest Reserve Loan sold by Seller to Purchaser, and in any event subject to certain adjustments pursuant to that certain Memorandum of Understanding dated as of November 25, 2013 and entered into between Seller, Bank of America, National Association and CIBC Inc.).

The Borrower shall apply the Loan (excluding the Interest Reserve Loan) exclusively to construction, operation, financial and other project costs in connection with the Project.


More Definitions of Interest Reserve Loan

Interest Reserve Loan. Each Trust Mortgage Loan that is an Actual/360 Mortgage Loan and each Trust REO Loan that relates to an Actual/360 Mortgage Loan.
Interest Reserve Loan. Any Pooled Mortgage Loan that is an Actual/360 Mortgage Loan (or any successor REO Pooled Mortgage Loan with respect thereto).
Interest Reserve Loan. Any Actual/360 Trust Mortgage Loan (or successor REO Trust Mortgage Loan with respect thereto).
Interest Reserve Loan. Any Loan that accrues interest on an Actual/360 Basis (or any successor REO Loan with respect thereto).
Interest Reserve Loan means any Actual/360 Mortgage Loan (or successor REO Mortgage Loan).
Interest Reserve Loan. Each Actual/360 Mortgage Loan (other than the BWP Trust Subordinate Companion Loan).
Interest Reserve Loan. Any Actual/360 Mortgage Loan.