Performing Loan definition
Performing Loan. The Mortgage Loan if it not a Specially Serviced Loan or an REO Loan.
Performing Loan means any Loan in the Covered Bond Portfolio which is not a Non- Performing Loan.
Performing Loan. As of any date of determination, any Loan as to which no Servicing Transfer Event then exists.
Examples of Performing Loan in a sentence
After notification to the Servicer, the Special Servicer may (but shall not be required to) contact the related Obligor of any Performing Loan if efforts by the Servicer to collect required financial information have been unsuccessful or any other issues remain unresolved.
More Definitions of Performing Loan
Performing Loan. Any Serviced Loan that is not a Specially Serviced Loan.
Performing Loan means, as of any date of determination, a Program Receivable that (a) is not more than 60 days past due as of the close of business on such date; (b) is Open; (c) is Active; (d) has a blank Status Code; and (e) has a blank Class Code.
Performing Loan means any Loan which is not a Non-Performing Loan as of the Determination Date.
Performing Loan means an Eligible Mortgage Loan for which the related Mortgagor is current or fewer than thirty (30) days delinquent in scheduled payments of principal and interest as at the end of the preceding calendar month.
Performing Loan. A Performing Mortgage Loan, a Performing Serviced Companion Loan or a Performing Serviced Loan Combination, as the context may require.
Performing Loan means any Loan for which the last payment of principal, interest and any escrow amounts that is required to be paid by the terms of the Note or Collateral Documents is less than 60 days past due (for matured loans, less than 30 days past the maturity date) as of the Calculation Date as shown on the Schedule of Loans attached hereto as Attachment A, regardless of whether such Loan is in a Loan Pool consisting primarily of Performing Loans or consisting primarily of Non-Performing Loans.
Performing Loan means any Debt (including, without limitation, Credit Linked Deposits) with respect to which either (i) Interest and Accruing Fees are being paid as of the Commencement Date on the terms specified in the Credit Documents as in effect on the Trade Date or (ii) if the Borrower is a debtor under the Bankruptcy Code, Adequate Protection Payments are being paid as of the Commencement Date.