Examples of Participated Loan in a sentence
Any Servicing Advance, Servicing Expense or indemnification amount with respect to a Participated Loan shall be reimbursed, subject to the related Participation Agreement, on a pro rata and pari passu basis (based on the outstanding principal balance thereof) from amounts allocable to each related Participation.
The collateral and performance of this Participation Loan will be reviewed annually by Lender and I may have to pledge additional collateral in the future if the value of the collateral becomes insufficient to adequately secure the Participated Loan.
I am liable to pay all the appraisal fees which may be incurred while valuing the collateral for the Participated Loan and any legal or abstracting costs that may be incurred.
The Company hereby agrees to assume the role of lead lender for any Participated Loan with respect to which the Initial Member or any of its predecessors was the lead lender as of the Effective Date.
The Company hereby agrees to accept any such Participated Loan subject to all participants’ right, title and interest in such Participated Loan.