Loan Modification Agreement definition

Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

Loan Modification Agreement has the meaning specified in Section 10.01.

Loan Modification Agreement as defined in Section 2.22(b).

Examples of Loan Modification Agreement in a sentence

• The Smiths signed the Loan Modification Agreement before a notary public and returned it to Nationstar, along with the other two documents.Then, on March 19, 2012, Nationstar wrote them stating that they did not meet the loss mitigation guidelines because “Investor Guidelines Not Met.”14 There was no further explanation.

• By virtue of the Loan Modification Agreement, the unpaid principal balance was modified to $76,934.82, together with interest at the rate of 3.125% per annum on the unpaid balance.

• Nothern,the power of acceptance creates a contract.37 As the comment to Restatement (Second) of Contracts states, “[o]nce the offeree has exercised his power to create a contract by accepting the offer, a purported revocation is ineffective as such.”38 So, after the Smiths successfully made their three trial payments as the Forbearance Agreement required, Nationstar sent them a proposed Loan Modification Agreement with all pertinent terms defined.

• At the hearing, counsel stipulated that the debtors executed the Loan Modification Agreement and that Nationstar received it.

• The Loan Modification Agreement contains Plaintiff’s notarized signature and the notary seal of a commissioned Notary Public.

More Definitions of Loan Modification Agreement

Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrowers, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

Loan Modification Agreement shall have the meaning assigned to such term in Section 11.02(f)(ii).

Loan Modification Agreement has the meaning given that term in Section 13.7.(d).

Loan Modification Agreement means a loan modification agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24. “Loan Modification Offer” has the meaning assigned to such term in Section 2.24(a). “Loan Parties” means Holdings, the Borrower and the Subsidiary Loan Parties. “Loan Parties Sub-Cap” has the meaning assigned to such term in the definition of Excess Liquidity. “Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. “Majority in Interest”, when used in reference to Lenders of any Class, means, at any time, (a) in the case of the Revolving Lenders, Lenders having Revolving Exposures and unused Revolving Commitments representing more than 50% of the sum of the aggregate Revolving Exposures and the unused aggregate Revolving Commitments at such time and (b) in the case of the Term Lenders of any Class, Lenders holding outstanding Term Loans of such Class representing more than 50% of all Term Loans of such Class outstanding at such time; provided that (i) the total outstanding Term Loans held by the Borrower or any Affiliate thereof and (ii) whenever there are one or more Defaulting Lenders, the total outstanding Term Loans and Revolving Exposures of, and the unused Revolving Commitments of, each Defaulting Lender, in each case, shall be excluded for purposes of making a determination of the Majority in Interest. “Management Retention Plan” has the meaning assigned to such term in Section 5.22. “Master Agreement” has the meaning assigned to such term in the definition of “Swap Agreement.” “Material Adverse Effect” means a circumstance, event or condition that, individually or in the aggregate, has had, or would reasonably be expected to have, a material adverse effect on (a) the business, assets, financial condition or results of operations of Holdings, the Borrower and its Restricted Subsidiaries, taken as a whole, (b) the ability of the Borrower and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the enforceability of the Loan Documents or the rights and remedies, taken as a whole, of the

Loan Modification Agreement means the waiver, modification or variation of any material term of a residential mortgage loan, that changes the interest, forbears or forgives the payment of principal or interest, or extends the final maturity date of the loan.

Loan Modification Agreement means a Loan Modification Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among the Borrower, the Guarantors and one or more Accepting Lenders.

Loan Modification Agreement means a Loan Modification Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Loan Parties, among the Loan Parties, one or more Accepting Lenders and the Administrative Agent.