Originated Loan definition

Originated Loan means any loan that is an Eligible Loan and whose related loan documents were prepared by Seller or an Affiliate controlled by Seller.
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Originated Loan. A Loan or Portfolio Loan that (a) either (i) is originated by the Originator or one of its wholly-owned Subsidiaries or (ii) is made as part of a loan facility with an initial outstanding loan balance of less than $150,000,000 and assigned to or acquired by the Originator from a Person that is not an Affiliate in an arm’s length transaction; provided, that, if such loan facility comprises multiple classes or tranches of debt, the class or tranche held by the Originator (along with any classes or tranches that are entitled to payment of principal or interest on a pari passu basis with respect to such class or tranche) must have an initial outstanding loan balance of less than $150,000,00 and (b) is documented in a form that is commercially reasonable and consistent with the Credit and Collection Policy.
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Originated Loan means any Loan that either (i) was originated by the Originator or one of its wholly-owned subsidiaries or (ii) is made as part of a loan facility with an initial Outstanding Loan Balance (which, for purposes of this definition, shall include the maximum available amount of commitments available to be drawn by the Obligor under any revolving or delayed draw loans) of less than $150,000,000; provided that, if such loan facility comprises multiple classes or tranches of debt, only the class or tranche of debt held by the Originator (along with any other classes or tranches that are entitled to payment of principal or interest on a pari passu basis with respect to such class or tranche) must have an initial Outstanding Loan Balance of less than $150,000,000 (which, for purposes of this definition, shall include the maximum available amount of commitments available to be drawn under such classes or tranches by the Obligor under any revolving or delayed draw loans).
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Examples of Originated Loan in a sentence

  • Respondent shall not acquire the right to service or sub-service any Third Party Originated Loan that is in default.

  • If a Third Party Originated Loan defaults after Respondent’s acquisition of the right to service or sub-service such loan, Respondent must assign all component default servicing activities to a service provider within 10 days of the borrower’s default.

  • A default on an Originated Loan could ultimately result in its enforcement.

  • Seller shall deliver to Buyer: (A) with respect to any New Loan that is a Pre-Existing Loan, copies of the Purchased Loan Documents, except for such Purchased Loan Documents that were not in Seller’s possession; and(B) with respect to any New Loan that is an Originated Loan, drafts of the Purchased Loan Documents.

  • Figure 5.3. Percent of Applicants Above or Below Median Income – National LevelFigure 5.4. Average Originated Loan Amount by Race – National Level The average loan amount originated by fintech lenders is overall less than the average amount originated by traditional lenders.

  • Action Taken on Loan Applications by Loan Type 2008-2012 2008-2012Type of Loan Total No. of Applications Loan Denied Loan Originated Loan purchased by the institutionSource: Home Mortgage Disclosure Act (HMDA), 2008-2012.

  • A Prepayment Fee must be paid by each Borrower to the relevant Loans Facility Agent (for the account of the lenders) in the manner set out in the applicable Loan Agreement on the date of prepayment of any part of the related Originated Loan, except for certain mandatory prepayments.

  • After a change of control of an Obligor under an Originated Loan, the relevant Loans Facility Agent may, by notice to the applicable Borrower, declare the outstanding Originated Loan, together with accrued interest and all other amounts accrued under the Loan Documentation, to be immediately due and payable or, in certain cases, the Originated Loan will automatically become due and payable.

  • In addition, with respect to the repurchase of an Originated Loan, the Seller will be required to purchase any related Swap Transaction from the Issuer or Bedrock, as applicable.

  • Even if no NAI occurs in connection withthe enforcement of an Originated Loan, such enforcement may still affect the timing of repayments on (and, accordingly, the weighted average life and/or yields to maturity of) the Notes.


More Definitions of Originated Loan

Originated Loan means any Loan that either (i) was originated by the Originator or one of its wholly-owned subsidiaries or (ii) is made as part of a loan facility with an initial Outstanding Loan Balance (which, for purposes of this definition, shall include the maximum available amount of commitments available to be drawn by the Obligor under any revolving or delayed draw loans) of less than $150,000,000; provided that, if such loan facility comprises multiple classes or tranches of debt, only the class or tranche of debt held by the Originator (along with any other classes or tranches that are entitled to payment of principal or interest on a pari passu basis with respect to such class or tranche) must have an initial Outstanding Loan Balance of less than $150,000,000 (which, for purposes of this definition, shall include the maximum available amount of commitments available to be drawn under such classes or tranches by the Obligor under any revolving or delayed draw loans).
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Related to Originated Loan

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Commercial loan means a loan that is not made primarily for

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Syndicated Loan means a Loan made by a Lender pursuant to Section 2.01(a); provided that, if any such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Syndicated Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Credit Loan or a Swing Line Loan.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Precomputed Loan means any Loan under which the portion of a payment allocable to earned interest (which may be referred to in the related Loan as an add-on finance charge) and the portion allocable to principal are determined according to the sum of periodic balances, the sum of monthly payments or any equivalent method or are monthly actuarial loans.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Wet Loan means a wet-funded first or second lien Mortgage Loan which is underwritten in accordance with the Underwriting Guidelines and does not contain all the required Mortgage Loan Documents in the Mortgage File.

  • Liquidated Loan A Mortgage Loan with respect to which the related Mortgaged Property has been acquired, liquidated or foreclosed and with respect to which the applicable Servicer determines that all Liquidation Proceeds which it expects to recover have been recovered.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Whole Loan As defined in the Introductory Statement.