Examples of New Loans in a sentence
However, the Seller retains the right to revise its lending policy from time to time, and so the criteria applicable to the New Loans may not be the same as those set out below.
However, the Seller retains the right to revise its lending policy from time to time, and so the criteria applicable to New Loans may not be the same as those set out below.
On each Quarterly Calculation Date the Calculation Agent will calculate the amount of the Quarterly Interest Available Funds and the Principal Available Funds available or to be made available to the Issuer in the Transaction Account to satisfy its obligations under the Notes or, prior to the Mandatory Redemption Date to purchase New Loans, as the case may be.
Pursuant to the MLSA, the Seller has transferred and, in respect of the New Loans, will transfer to the Issuer the full economic benefit of, and the legal title to, the Loans and all other Collateral.
This risk is also further mitigated by the fact that until the Mandatory Redemption Date the Seller may sell to the Issuer and the Issuer may purchase from the Seller New Loans.