Loan Release Date definition

Loan Release Date means the date on which the EUR proceeds of the Hedging Euros Purchase and the Applicable Spot Rate Euros Purchase and the USD Retained Portion are released from the Funding Accounts in accordance with Clause 3.7(e).
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Examples of Loan Release Date in a sentence

  • Any amounts received on such Charged Off Loans received prior to the Mortgage Loan Release Date will be treated as Subsequent Recoveries and included in the Available Distribution Amount.

  • The Master Servicer shall track collections received by the Servicer on any Charged Off Loans based upon loan level data provided to the Master Servicer by the Servicer on the date on which the Servicer provides its Servicer Report pursuant to Section 5.03(a), identifying the Charged Off Loans as of the related Due Period that the Servicer will continue to service until the related Mortgage Loan Release Date using Special Servicing Practices.

  • Any Charged Off Loan serviced using Special Servicing Practices shall be so serviced until the Mortgage Loan Release Date described below.

  • The Master Servicer shall not be responsible for collecting any payments on a Charged Off Loan after such Charged Off Loan is released from the Trust Fund on the related Mortgage Loan Release Date.

  • The Servicer shall notify the Master Servicer and Securities Adminsitrator on each Mortgage Loan Release Date of each Charged Off Loan being released from the Trust Fund, and shall thereafter remit any amounts collected on such Charged Off Loan to the Class CE-2 Certificateholder net of any fees and expenses pursuant to the terms of a receivable collections agreement to be entered into between the Class CE-2 Certificateholder and the Servicer.

  • The Master Servicer shall track collections received by the Servicers on any Charged Off Loans based upon loan level data provided to the Master Servicer by the Servicers on the date on which the Servicer provides its Servicer Report pursuant to Section 5.03(a), identifying the Charged Off Loans as of the related Due Period that the related Servicer will continue to service until the related Mortgage Loan Release Date using Special Servicing Practices.

  • The Servicer shall notify the Master Servicer and Securities Administrator on each Mortgage Loan Release Date of each Charged Off Loan being released from the Trust Fund, and shall thereafter remit any amounts collected on such Charged Off Loan to the Class CE-2 Certificateholder net of any fees and expenses pursuant to the terms of a receivable collections agreement to be entered into between the Class CE-2 Certificateholder and the Servicer.

  • The Servicer shall notify the Master Servicer and Securities Administrator on each Mortgage Loan Release Date of each Charged Off Loan being released from the Trust Fund, and shall thereafter remit any amounts collected on such Charged Off Loan to the Class CE Certificateholder net of any fees and expenses pursuant to the terms of a receivable collections agreement to be entered into between the Class CE Certificateholder and the Servicer.