Loan Collection definition

Loan Collection means those activities deemed appropriate through consultation with the International Organization for Migration and the Bureau to ensure that maximum efforts are made to collect the amount owed by refugees signing Promissory Notes executed by IOM for funds advanced by the Bureau to cover transportation costs to the United States.
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Examples of Loan Collection in a sentence

  • For purposes of the last paragraph of Section 3.05(g) of the Pooling and Servicing Agreement, the Master Servicer shall direct the Special Servicer to make payment of amounts referenced therein directly to the Primary Servicer for deposit in the Primary Servicer Serviced Whole Loan Collection Account.

  • The references to the Collection Account shall be references to the Primary Servicer Collection Account and the references to the Serviced Whole Loan Collection Account shall be references to the Primary Servicer Serviced Whole Loan Collection Account.

  • Tenant shall not, however, be required to pay any tax [y] based on income or assets imposed on Landlord by any governmental entity other than the capital stock and franchise taxes described in clause [i] above or [z] based on the transfer of Landlord's interest in the Leased Property or equity of Landlord to a party other than Guarantor unless the transfer occurs pursuant to an Event of Default.

  • No expense incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Primary Servicer Collection Account or the Primary Servicer Serviced Whole Loan Collection Account.

  • At the direction of the Trustee, the Seller shall deposit cash equal to such amount into the Collection Account and/or the applicable Serviced Whole Loan Collection Account, as applicable, concurrently with the delivery of the Mortgage Files for such Qualifying Substitute Mortgage Loans, without any reimbursement thereof.

  • The Master Servicer may direct the Primary Servicer to (and upon such direction, the Primary Servicer shall) make a payment from amounts on deposit in the Primary Servicer Collection Account or Primary Servicer Serviced Whole Loan Collection Account as contemplated by Section 3.04(a) of the Pooling and Servicing Agreement.

  • The Primary Servicer shall establish a collection account (hereinafter the “Primary Servicer Serviced Whole Loan Collection Account”), meeting all of the requirements of the Serviced Whole Loan Collection Account, and references to the Serviced Whole Loan Collection Account shall be references to such Primary Servicer Serviced Whole Loan Collection Account.

  • Amounts in the Sold PI Loan Collection Subaccount shall remain uninvested.

  • Subject to Section 10.2(c), amounts in the Collection Account (other than the Sold PI Loan Collection Subaccount) shall be reinvested pursuant to Section 10.4(a).

  • The Trustee shall deposit immediately upon receipt thereof all Sold PI Loan Collections remitted to the Collection Account into the Sold PI Loan Collection Subaccount.

Related to Loan Collection

  • Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 652 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 653 facility operator that are materially similar to a third-party debt collector.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Principal Collections means Collections of Principal Receivables.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.