Loan Volume definition
Examples of Loan Volume in a sentence
Such monthly payment to FMC at the end of any such month (the “Participation Account Payment”) in which the Participation Account Excess Percentage is positive shall equal the Participation Account Excess Percentage multiplied by the Outstanding Loan Volume at the end of such month.
SunTrust reserves the right to perform all Services set forth in Sections 4.4 through 4.8 upon [**] Business Days prior written notice to FMC if, after the full funding of the Participation Account at the end of the Term and at the time SunTrust delivers such notice, the amount of the balance in the Participation Account is below [**] per cent ([**]%) of the Participation Percentage multiplied by Outstanding Loan Volume.
For example, if Outstanding Loan Volume is $[**], and the Participation Percentage is [**]%, then SunTrust may deliver to FMC its notice of its election to perform all Services set forth in Sections 4.4 to 4.8 if the balance in the Participation Account is less than $[**].
Notwithstanding the foregoing, if, after the expiration of fourteen (14) months from the date the first Application is received, (x) Outstanding Loan Volume plus (y) the total dollar amount of Underlying Loans associated with Applications for which the AD has been accepted as of such date, exceeds [**] dollars ($[**]), then the restrictions set forth in subsections (a) and (b) in the previous sentence of this Section 2.9 shall be extended through the end of the Initial Term.
Prior to or concurrent with the delivery of the first updated Employee Census required by the preceding sentence, Holdings shall provide to Buyer the Prior Six Months Loan Volume.
Customer shall provide monthly reports to Model Match that detail, with respect to each Individual Hire and Group Hire: (a) the total number of loans funded in the previous month, and (b) the total Loan Volume for the previous month.
SunTrust reserves the right to perform all Services set forth in Sections 4.4 through 4.8 upon [**] Business Days prior written notice to FMC if, after the full funding of the Participation Account at the end of the Initial Term and at the time SunTrust delivers such notice, the amount of the balance in the Participation Account is below [**] percent ([**]%) of the Participation Percentage multiplied by Outstanding Loan Volume.
With respect to each Group Hire employed in a New Business Unit, Customer shall pay to Model Match an amount equal to Group Override BPS multiplied by the Loan Volume of originated by each such Group Hire during the Group Override Period.
Such monthly payment to FMC at the end of any such month (a “Participation Account Payment”) in which the Participation Account Excess Percentage I is positive shall equal the Participation Account Excess Percentage I multiplied by the Outstanding Loan Volume for Loan Group I at the end of such month.
For example, if Outstanding Loan Volume is $[**], and the Participation Percentage is [**]%, then SunTrust may deliver to FMC its notice of its election to perform all Services set forth in Sections 4.2 and 4.4 to 4.8 if the balance in the Participation Account is less than $[**].