Loan Pool(s) definition
Examples of Loan Pool(s) in a sentence
At such time as all Net Investment Amounts for all Sale Date Loan Pools sold by the Seller to the Buyer has been reduced to zero, Buyer will, for no additional consideration, assign all Timeshare Loans that it owns to the Seller.
The transactions contemplated by this Agreement shall be completed simultaneously as to all Mortgage Loans and/or Mortgage Loan Pools.
The failure by Purchaser to complete the purchase of any Mortgage Loan or Mortgage Loan Pool on the Closing Date shall constitute a non-curable default with respect to all other Mortgage Loans and Mortgage Loan Pools.
Exhibit A attached hereto (page captioned “Flagstar Warehouse”) contains a cumulative list of Dealer Loan Pools, and Exhibit B attached hereto (page captioned “Flagstar Warehouse”) contains a cumulative list of Purchased Contracts, in each case that remain transferred or will be transferred pursuant to the Agreement as of [_____], 20[__].
Pursuant to the Purchase Agreement, the Originating Entity will originate Loans to Students and the CUSO will purchase the Loans, creating discrete Loan Pools based on dates of disbursement of Loan proceeds.
If requested by the Representative, the favorable opinion of Dechert LLP, counsel for the Selling Stockholders, and in the case of GSOIF Corporate Loan Pools Ltd., Cayman Islands counsel for such Selling Stockholder, in form and substance satisfactory to counsel for the Underwriters, dated such Date of Delivery, relating to the Option Securities to be purchased on such Date of Delivery and otherwise to the same effect as the opinion required by Section 5(d) hereof.
For all Sale Date Loan Pools purchased after the first six (6) months of the Commitment Period, the Buyer Purchase Price Percentage may be reviewed and adjusted as the Buyer deems appropriate; provided, that the Buyer shall provide the Seller ninety (90) days’ prior written notice of any change in the Buyer Purchase Price Percentage.
Buyer hereby waives any right or cause of action it might now or in the future have against the Failed Bank(s) or Seller as a result of its purchase of the Loan Pool(s) subject to this Agreement; provided, however, that this waiver does not include any action taken as a result of Seller's failure to perform under the terms of this Agreement.
Seller agrees to sell, assign, transfer and convey to Buyer, and Buyer agrees to purchase and accept from Seller, all the right, title and interest of Seller, subject to the provisions of Section 3.3, as of the Loan Sale Closing Date, in and to each Loan in the Loan Pool(s) on a servicing-released basis, and all rights in the Property pursuant to the Collateral Documents.
At the Closing Time, the Representative shall have received the favorable opinion, dated the Closing Time, of Dechert LLP, counsel for the Selling Stockholders, and in the case of GSOIF Corporate Loan Pools Ltd., Cayman Islands counsel for such Selling Stockholder, in form and substance satisfactory to counsel for the Underwriters, together with signed or reproduced copies of such letter for each of the other Underwriters to the effect set forth in Exhibit D hereto.