Legacy Loans definition

Legacy Loans means those current and charged off loans which are subject to the Assignment Agreement pursuant to which Funding transfers to PSLF certain Customer Notes evidencing loans to conform to certain Regulatory Requirements.
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Legacy Loans means, any outstanding loan owned by KServicing that is not a
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Legacy Loans means those Subject Loans (other than Servicing Only Loans) that were originated or acquired by either of the Insureds and insured under the applicable Master Policies prior to January 1, 2009, identified on Schedules 1, 2, 3 and 4 of the Letter Agreement, provided however, that a Legacy Loan that is refinanced under the HARP II program as of the Pre-Closing Cut-off Date or any time thereafter shall cease being a Subject Loan as of the date of the closing of its HARP II refinance (a HARP refinanced loan will be presumed to be a HARP II refinancing if the refinancing occurred after January 1, 2012).
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Examples of Legacy Loans in a sentence

  • The Legacy Loans Credit Agreement shall have been fully consummated, satisfactory in form to the Administrative Agent and Lenders.

  • Each of the Borrowers hereby irrevocably authorizes and directs the Administrative Agent to debit FCMC’s securities account or deposit account at Huntington ending in the numbers 3486 in the amount of $1,000,000, and to apply such cash or cash equivalents as proceeds of collateral received pursuant to the terms of the Legacy Loans Credit Agreement.

  • No Borrower shall, nor will any Borrower permit or allow others to, create, incur or permit to exist any Lien, security interest or claim on or to any of its Property, except for Liens on the Collateral created pursuant to this Agreement and as to items (i) and (ii) of the definition of “Collateral”, Liens in connection with the Legacy Loans Credit Agreement.

  • To fulfill the condition in clause (ii) of the first paragraph of this Section 3, as of the date hereof, each of FCMC and Holding hereby irrevocably authorizes and directs Huntington as Administrative Agent, to the extent it has not received $643,671.20, to debit FCMC’s securities account or deposit account at Huntington, ending in the numbers 3486 in such amount, and to apply such cash or cash equivalents as proceeds of collateral received pursuant to the terms of the Legacy Loans Credit Agreement.

  • For Future Legacy Claims, Radian shall pay to the GSEs, the Insureds or the current servicers of the Future Legacy Loans, as applicable in the ordinary course of business, for every Perfected Claim, the applicable Settlement Payment within the time period set forth in the applicable Master Policy.

  • True, correct and complete copies of all contracts relating to the Legacy Loans have been Made Available.

  • The Insureds or the current servicers of the Future Legacy Loans, as applicable, will continue to pay all mortgage insurance premiums due on such Future Legacy Loans pursuant to the terms of the applicable Master Policy.

Related to Legacy Loans

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

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • 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.