Loan Rights definition
Loan Rights means, with respect to any Loan, all proceeds thereof and other assets or property related thereto, including, without limitation, all right, title and interest of the Seller in and to:
Loan Rights means, with respect to any Purchased Loan or portion thereof or any Available Unfunded Commitments, all proceeds thereof and other assets or property related thereto, including, without limitation, all right, title and interest of CCLF Sub, as applicable, in and to:
Loan Rights means all of the right, title and interest in, to and under the Loan and Loan Documents and, to the extent pertaining thereto, to the following: (i) all amounts funded by or payable to the Lender pursuant to the Loan Documents, including all escrows or reserves held by the Lender, and all obligations then owed the Lender in connection with the Loan and Loan Documents; (ii) the Loan Documents (and any other documents or instruments now or hereafter evidencing or securing the Loan); (iii) all claims (including claims as defined in Bankruptcy Code § 101(5)), suits, cause of action and other rights of the Lender, whether known or unknown, against Borrower or any guarantor or other obligor of the Loan (each an "Obligor") or any of their respective affiliates, agents, representatives, contractors or advisors (or any other person or entity) that in any way is based upon, arises out of or is related to any of the foregoing, including, to the extent permitted to be assigned under applicable law, all claims (including contract claims, tort claims, malpractice claims and claims under law governing the purchase and sale of, or indentures for, securities), suits, causes of action, and any other right of the Lender against any attorney, accountant, financial advisor or other person or entity arising under or in connection with the Loan and Loan Documents; (iv) all guarantees and all Collateral (hereinafter defined) of any kind for or in respect of the Loan or the Loan Documents; (v) all cash, securities or other property and all setoffs and replacements, received, applied or affected by the Lender under the Loan or the Loan Documents, in all cases received by the Lender after the date of the Loan Transfer (and pertaining to the Loan), including all distributions obtained by or through redemption, or a plan of reorganization, restructuring or liquidation of Borrower or any Obligor with respect to the Loan Documents, and all cash, securities, interest, dividends and other property that may be exchanged for, or distributed or collected with respect to, any of the foregoing; (vi) all of the rights of the Lender under any property liability and title insurance policies relating to the Property, the Project, the Loan and the Loan Documents (to the extent transferable and assignable and pertaining to acts, events, projects or circumstances after the date of the Loan Transfer); (vii) all insurance and condemnation proceeds and any rights to any insurance and condemnation procee...
Examples of Loan Rights in a sentence
The Servicer must, in servicing the Mortgage Loan Rights which then form part of the Assets of the Series Trust, exercise its power and discretions under this Deed, the Servicing Guidelines, and the relevant Mortgage Documents to which it is a party in accordance with standards and practices suitable for a prudent lender in the business of making retail home loans.
If after the expiration of the period of 180 days from the Termination Date of the Series Trust the Trustee has not sold any Mortgage Loan Rights which form part of the Assets of the Series Trust for the amount determined in accordance with clause 26.3(a), the Trustee may proceed to sell such Mortgage Loan Rights free from the prohibitions contained in clause 26.3 and may, if necessary, sell such Mortgage Loan Rights on the terms set out in clause 26.7 if the terms of that clause are satisfied.
If any Mortgage Loan Rights are sold for less than the price for those Mortgage Loan Rights determined in accordance with clause 26.3(a), then any such shortfall must be allocated as provided for clause 26.11.
Without limiting in any way the Servicer's liability to the Trustee for breaching the provisions of this Deed, any act by the Servicer in servicing Mortgage Loan Rights which are Assets of the Series Trust is binding on the Trustee whether or not such act or omission is in compliance with this clause 16.
The Servicer is hereby appointed and agrees to act as the Servicer of the Mortgage Loan Rights (with effect on and from the Cut-Off Date) which, from time to time, form part of the Assets of the Series Trust, on the terms and conditions of this Deed.
More Definitions of Loan Rights
Loan Rights means all of the Assignor's and each Bank's right, title and interest in, to and under the Revolver Loans and the Loan Documents, including without limitation (a) all claims (including claims as defined in Section 101(5) of the United States Bankruptcy Code), suits, cause of action and other rights of the Assignor and each Bank, whether known or unknown, against Borrower or any guarantor or other obligor of the Revolver Loans (each an "Obligor") to the extent, and only to the extent such claims, suits, causes of action and other rights are based upon, arise out of or are related to the Revolver Loans or any of the Loan Documents, (b) all liens against, security interests in and assignments of Collateral of any kind for or in respect of the Revolver Loans or the Loan Documents, but only to the extent the same secure the Revolver Loans; (c) all of the Assignor's and each Bank's rights under any property, liability, and other insurance policies relating to the Loan Documents (to the extent transferable and assignable); (d) all insurance and condemnation proceeds and any rights to any insurance and condemnation proceeds, relating to the Loan Documents to the extent not applied by the Assignor or any Bank to any sums outstanding under the Loan Documents prior to the Effective Date; and (e) all products and proceeds of the foregoing to the extent not applied by the Assignor or any Bank to any sums outstanding under the Loan Documents prior to the Effective Date; provided, however, that notwithstanding the foregoing or any inference to the contrary, "Loan Rights" shall not include any indemnification provisions or reimbursement obligations contained in the Loan Agreement, the Loan Documents and the Security Documents relating to any period prior to the Effective Date, all of which provisions and obligations remain in full force and effect and are fully binding upon Borrower and enforceable by the Assignor and Sovereign.
Loan Rights means, with respect to any Purchased Loan or portion thereof (including any Available Unfunded Commitment), all proceeds thereof and other assets or property related thereto, including all right, title and interest of Cliffwater or CELF Sub in and to:
Loan Rights means all rights of each and every Lender and their assignees, transferees, and successors in interest under the Credit Agreement and the Loan Documents, including, without limitation, the rights to payment of the Loan Indebtedness and all other obligations and indebtedness owed by Borrower under such agreements, but expressly excluding the Reserved Indemnity Rights, which shall not be transferred to TVA but shall be retained by the Administrative Agent and the Lenders.
Loan Rights shall have the meaning set forth in Section 8 hereof. USActive 5531664.18 -17-
Loan Rights means all rights of each and every Lender and their assignees, transferees, and successors in interest under the Credit Agreement and the Loan Documents, including, without limitation, the rights to payment of the Loan Indebtedness and all other obligations and indebtedness owed by the Borrower under such agreements, but expressly excluding the Reserved Indemnity Rights, which shall not be transferred to TVA but shall be retained by the Administrative Agent and the Lenders.
Loan Rights means all outstanding loans, advances, together with accrued interest made by Seller or any Affiliate of Seller to Connaissance, Buyer, L&A, or any shareholder of L&A.
Loan Rights means the right, if any, of a participant to apply to the Company for a Loan pursuant to the terms and conditions of the Plan.