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.
The Existing Borrower, the Substitute Borrower and the Company each confirm that each of the Conditions will be satisfied on the Loan Transfer Date.
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.
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.
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.
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).
This Addendum shall have no effect upon any other sale, purchase of any Student Loans or related property consummated or contemplated prior to or after the Loan Transfer Date, and all other terms, conditions and agreements contained in the Private Student Loan Purchase Agreement shall remain in full force and effect.
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.
If the Buyout Loan Transfer Date shall have occurred prior to any termination of this Agreement pursuant to Section 9.1, such termination shall have no effect on the agreements and obligations of the Parties with respect to the Buyout Loans.
All information furnished by the Seller to the Purchaser, or the Purchaser’s agents, with respect to a Transferred Loan, including the Loan Transfer Schedule attached to the Loan Transfer Addendum, is true, complete and correct in all material respects as of the Loan Transfer Date.