Examples of Legacy Loan Agreement in a sentence
As collateral security for the Company’s remaining servicing obligations under the Legacy Loan Agreement, Celtic currently holds approximately $2 million in an escrow account, the remaining amount of which Celtic is obligated to remit to the Company within five business days of the termination of the Legacy Loan Agreement.
Servicer agrees to continue to comply with all terms and conditions of the Credit Agreement, certain loan documents to which it is a party executed in connection with the Legacy Loan Agreement, and the Transfer and Assignment Agreement and the Trust Agreement, and all such agreements and their applicability hereto shall not be deemed to have been modified by the amendment and restatement of the Prior Servicing Agreement effected hereby.
JL Legacy Loan Agreement 8.1Form of Escrow Agreement*11Auditor Consent12Opinion of CrowdCheck Law LLP*13Testing the Waters Materials**To be filed by amendment.
Furthermore, as collateral security for the Debtors’ remaining servicing obligations under the Legacy Loan Agreement, Celtic currently holds approximately $2 million in an escrow account, the remaining amount of which Celtic is obligated to remit to the Debtors within five business days of the termination of the Legacy Loan Agreement.
Following the purchase of Participation Interests under the Legacy Loan Agreement, the Company sold certain of the Participation Interests to third parties.
If the Celtic Legacy Fees exceeded the KS Legacy Fees, the Company would remit the net amount to Celtic.10 As of the Commencement Date, all such marketing fees, servicing fees, and monthly premiums have been paid, loans are no longer being originated pursuant to the Legacy Loan Agreement, and the Company is no longer purchasing Participation Interests from Celtic.
The Huntington National Bank (in its capacity as “Administrative Agent” under and as defined in the Legacy Loan Agreement), as “Administrator” under the Transaction Documents.
As of the Petition Date, all such marketing fees, servicing fees, and monthly premiums have been paid, loans are no longer being originated pursuant to the Legacy Loan Agreement, and the Company is no longer purchasing Participation Interests from Celtic.13 Following the purchase of Participation Interests under the Legacy Loan Agreement, the Company sold certain of the Participation Interests to third parties.