Loan Transfer Date definition
Examples of Loan Transfer Date in a sentence
Upon receipt by E-LOAN of the portion of the Purchase Price representing the principal balance of the Loan ("Transfer Date"), the Loan, and all rights, benefits, payments, proceeds and obligations arising from or in connection with the Loan, together with any lien or security interest in the vehicle serving as collateral for the Loan, shall vest in Correspondent.
Upon receipt by E-LOAN of the portion of the Purchase Price representing the principal balance of the Loan ("Transfer Date"), the Loan, and all rights, benefits, payments, proceeds and obligations arising from or in connection with the Loan, together with any Related Security, shall vest in Correspondent.
Notice shall be provided to the Indenture Trustee, the Insurer and the Rating Agencies by the Sponsor if delivery pursuant to clause (2) above will be made more than 180 days after the Closing Date or Pre-Funded Loan Transfer Date, as the case may be.
If the Depositor or its designee makes such examination prior to the Closing Date and each Pre-Funded Loan Transfer Date, as applicable, and identifies any Mortgage Loans that do not conform to the requirements of the Depositor as described in this Agreement, such Mortgage Loans shall be deleted from the Schedule of Mortgage Loans.
On each Additional Mortgage Loan Transfer Date, the Owner shall appoint the Special Servicer to perform, and the Special Servicer shall assume and accept such appointment for, all standby servicing responsibilities for the related Additional Mortgage Loans on the related Mortgage Loan Schedule.
The Existing Borrower, the Substitute Borrower and the Company each confirm that each of the Conditions will be satisfied on the Loan Transfer Date.
Such examination may be made by the Depositor or its designee at any time on or before the Closing Date and each Pre-Funded Loan Transfer Date, as applicable.
With respect to the Current Portfolio and as of the Loan Transfer Date set forth in Section 4 hereof, each of the Seller and the Purchaser hereby reconfirms each of its representations and warranties set forth in the Private Student Loan Purchase Agreement and any exhibits attached thereto.
Each document specified in Section 2.03 of the Pooling and Servicing Agreement for each Mortgage Loan shall be delivered to the Depositor on or before the Closing Date or relevant Pre-Funded Loan Transfer Date (except as otherwise provided in such Section 2.03).
Not later than the Business Day immediately following the Distressed Mortgage Loan Transfer Date, the Company shall deliver to the Special Servicer, with respect to the Distressed Mortgage Loans that were transferred to the Special Servicer on such Distressed Mortgage Loan Transfer Date, all related Servicing Files and a loan level tape or other electronic media containing loan set-up information in form reasonably acceptable to the Special Servicer.