Owned Loan definition

Owned Loan means a mortgage loan owned by a Subject Company that is evidenced by a Mortgage Note and secured by a first priority Mortgage on a one-to-four family residential property (or a second priority mortgage loan that was originated concurrently or in conjunction with a first priority mortgage loan).
Sample 1

Examples of Owned Loan in a sentence

  • Owned Loan Servicing Fee means a charge, calculated on a monthly basis for each such Contract of the greater of (i) 1/12 of 3-1/4% of the then outstanding principal balance of the applicable Contracts, or (ii) $15.00 per Contract, in each case applied only to Contracts which constitute part of the Owned Loans and are less than 120 days past due computed as of the last day of the month and for which the related vehicle has not been repossessed.

  • U.S. Department of Education Financial Student Aid’s NFP-RFP-2010 Solicitation and Subsequent Activities Required to Become a Qualified Not- For-Profit Federally Owned Loan Asset Servicer.

  • Xxxxxxx Street Ontario, CA 91761 Leased Cliffstar LLC 0000 Xxxxx Xxxx and 0000 Xxxx Xxxx, Xxxxx, XX 00000 (Greenville County Tax Map Reference – Sheet G006.00, Block 3, Lots 14.04 & 14.06) Owned Loan Party Location / Address Owned, Leased or Occupied Cliffstar LLC 0000 Xxxx Xxxxxxx Boulevard, Taylors, SC 29687 Leased Cliffstar LLC 00000 Xxxxx Xxxxxx, Xxxxxxx, XX 00000 (Parcel Identification Numbers 000-0000-0000 & 000-0000-0000) Owned Cliffstar LLC 0000 X.

  • This will result in reduced energy costs from not having to operate the high lift pumps and may lower maintenance costs only having to maintain one PRV versus multiple high lift pumps.

  • Upon termination of the Name Licensing Agreement, Licensee agrees to immediately change Licensee's name as to not include any Licensed Marks, and to discontinue and not to use in the future any of the Licensed Marks, any trade name incorporating any of the Licensed Marks, or any terms confusingly similar to any of Licensed Marks.

  • Taken from Valuation Office Agency Taken from Office National StatisticsCorporate Matters B a c k g r o u n dThe Council faces ongoing financial pressures and, set against the priorities in the medium term financial strategy, this has represented a significant local challenge.

  • Managed and Owned Loan Portfolios • Total new funded loan origination volume was approximately $401 million in the fourth quarter compared to $180 million in the prior quarter and $257 million in the fourth quarter of the prior year.

  • OX TRADING, LLC Delaware 10 10; 100% Number and Percentage of Outstanding Number of Shares Owned Loan Party or Jurisdiction of Shares by Loan Party Subsidiary Owner Subsidiary Formation Outstanding or Subsidiary optionsXpress Holdings, Inc.

  • In the event of an Owned Loan Servicing Change, the Excess Collections Split shall change to 85% for the benefit of the unsecured creditors (and if applicable, stockholders of the Debtor) and 15% to UDC.

  • PSC Development Company, LLC Not designated 1.00% 43.68% Orange City Surgical, LLC SMBIMS Orange City, LLC Not designated 34% Current Legal Entities Owned Loan Party, Qualified Restricted Subsidiary or Specified Subsidiary Record Owner No. of Shares Interest Physicians Surgery Center, LLC SARC/Ft. Xxxxx, Inc.

Related to Owned Loan

  • 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.

  • Whole Loan As defined in the Introductory Statement.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Serviced Loan A Serviced Mortgage Loan or Serviced Companion Loan.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Repurchased Loan has the meaning set forth in Section 2.3(a).

  • 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.

  • Qualified Loan means a loan made under this act or former 1961 PA 108 from this state to a school district to pay debt service on a qualified bond.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Permitted Loan means any bona fide loan or other extension of credit entered into by a Series A Preferred Unitholder or any of its Affiliates with one or more financial institutions and secured by a pledge, hypothecation or other grant of security interest in Series A Preferred Units, Series A Conversion Units, Common Units, or other assets.

  • Covered Loan A Mortgage Loan categorized as Covered pursuant to Appendix E of Standard & Poor's Glossary.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Companion Loan As defined in the Preliminary Statement.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • 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.

  • FHA Loan means a Mortgage Loan which is the subject of an FHA Mortgage Insurance Contract.

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • Existing Loan means the loan identified on Exhibit H.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Cross-Collateralized Mortgage Loan Any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan; provided that the Mortgage Loans that are part of any Loan Combination shall not constitute Cross-Collateralized Mortgage 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.