Net Loan Payment definition
Net Loan Payment means the amount of each payment or other recovery on the Loans received by PFGI or Golden Bridge, less any and all costs and expenses of recovery including reasonable attorneys' fees and collection costs.
Examples of Net Loan Payment in a sentence
Upon PFGI's or Golden Bridge's receipt of any payments of principal, interest or other amounts due with respect to the Loans, such Lender shall distribute to the other Lender such other Lender's Pro Rata Share of the Net Loan Payment so that each Lender receives its Lender's Pro Rata Share of each Net Loan Payment.