Loan Collections definition

Loan Collections has the meaning set forth in Section 6.9.
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Examples of Loan Collections in a sentence

  • Upon such payment, the related Dealer Loans (including the rights to the related Dealer Loan Collections thereunder) shall be deemed to be satisfied and pursuant to Section 2.1(b) of this Agreement the Dealer Loan Contracts previously securing such Dealer Loans shall be automatically assigned by CAC to Funding as Purchased Loan Contracts and the loans thereunder shall be deemed Purchased Loans.

  • 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.

  • All Financed Loans and the proceeds thereof are Collateral and immediately upon the occurrence of an Event of Default, Administrative Agent may without notice apply all Loan Collections from Financed Loans and other proceeds of such Financed Loans and the balance of the Lockbox Account to the Obligations.

  • Upon receipt by Borrower of any Loan Collections, Borrower shall immediately deposit such Loan Collections into the Clearing Account (or shall receive such payments and other amounts directly into the Clearing Account) and deliver to Administrative Agent a detailed breakdown of such Loan Collections showing the interests of each Lender in such Loan Collections.

  • Upon the occurrence and during the continuation of an Event of Default, the Debtor shall, at the request of the Administrative Agent, deliver all Mortgage Loan Collections to the Administrative Agent no later than the Business Day following receipt thereof by the Debtor.

  • Upon receipt by Borrower of any Loan Collections, Borrower shall immediately deposit such Loan Collections into the Clearing Account (or shall receive such payments and other amounts directly into the Clearing Account) and deliver to Bank a detailed breakdown of such Loan Collections showing the interests of Bank in such Loan Collections.

  • The Issuer (or the Collateral Manager on its behalf) shall promptly identify in writing to the Trustee the identity of any Loans which becomes a Sold Participation Interest Loan and the MPA Counterparty in respect thereof, and the Trustee shall be entitled to receive and rely upon any directions requested from the Collateral Manager regarding the designation of the Sold PI Loan Collections thereon.

  • Prior to the occurrence of an Event of Default, the Debtor shall be entitled to receive all Mortgage Loan Collections and to use same in the ordinary course of the Debtor's business; provided, however, that any escrow payments received by the Debtor shall be deposited and paid out in accordance with all applicable Governmental Requirements.

  • The Issuer (or the Collateral Manager on its behalf) shall promptly identify in writing to the Trustee the identity of any Loan which becomes a Sold Participation Interest Loan and the MPA Counterparty in respect thereof, and the Trustee shall be entitled to receive and rely upon any directions requested from the Collateral Manager regarding the designation of the Sold PI Loan Collections thereon.

  • For so long as the Debtor is so delivering Mortgage Loan Collections, the Debtor shall, on the first Business Day of each week, provide a summary report to the Collateral Agent and the Administrative Agent of all Mortgage Loan Collections from the preceding week.

Related to Loan Collections

  • 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.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • 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.