Loan Servicing System definition

Loan Servicing System means the then-current release of a proprietary loan servicing software application utilized by Licensee that is integrated with the Licensed Application. If Licensee integrates more than one proprietary loan servicing software application with the Licensed Application, the term shall refer to such applications collectively and individually, as applicable.
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Examples of Loan Servicing System in a sentence

  • The Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts; (B) the Aggregate Outstanding Eligible Loan Balance; and (C) the Aggregate Outstanding Eligible Loan Net Balance; each as of the Cut-off Date and as reported in the Loan Servicing System.

  • When new Pools or Purchased Loans are pledged to the Collateral Agent, the related Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts to be pledged to the Collateral Agent on the related Funding Date; (B) the Aggregate Outstanding Eligible Loan Balance; and (C) the Aggregate Outstanding Eligible Loan Net Balance; each as of the applicable Cut-off Date and as reported in the Loan Servicing System or as a product of the Loan Loss Reserve analysis.

  • The Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts; and (B) the Aggregate Outstanding Eligible Loan Net Balance; each as of the Cut-off Date and as reported in the Loan Servicing System.

  • If an applicable document has been forwarded to the Servicer, the Servicer shall hold all Original Credit Agreements and related documents Serviced hereunder on behalf of the Lender and shall retain each such Credit Agreement and Loan File until seven (7) years after the earlier of (a) the date upon which the Loan evidenced by such Credit Agreement and related documents is paid in full or (b) the date upon which the Loan is removed from Servicer’s Loan Servicing System.

  • Lender shall use best efforts to notify the Servicer, in writing, sixty (60) days prior to any sale of Loans, and shall notify Servicer, in writing, no less than forty-five (45) days prior to any sale of Loan, currently housed on the Loan Servicing System as to (a) the anticipated sale date and (b) the characteristics of the Loans to be sold.

  • Disbursements are balanced between the Loan Servicing System and the ACCPAC (Accounting System).

  • This provision shall take effect as of the date on which each individual Loan is converted to the Servicer’s Loan Servicing System.

  • The Loan Servicing System is software which utilizes the HP Unix operating system and is resident on one of the Company's HP N4000 servers in a failover cluster configuration.

  • Fund represents and warrants that it has determined that the computerized recordkeeping systems to be used by State Street in maintaining accounting records of Fund hereunder, the "Portfolio Accounting System" and the "Loan Servicing System," are appropriate and suitable for Fund's needs.

  • Each Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts to be pledged to the Collateral Agent on the related Funding Date; (B) the Aggregate Outstanding Eligible Loan Balance; and (C) the Aggregate Outstanding Eligible Loan Net Balance; each as of the applicable Cut-off Date and as reported in the Loan Servicing System or as a product of the Loan Loss Reserve analysis.