Performing Loans definition

Performing Loans. With respect to Performing Loans the Servicer shall:

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Performing Loans means all Eligible Timeshare Loans and Eligible In-Transit Loans owned by the Buyer that are not Defaulted Timeshare Loans.

Performing Loans are any loan not more than sixty (60) days or more past due, tagged as non-accrual, charged off, thirty (30) days of more past maturity, bankrupt or foreclosed as of March 31, 2009.

Examples of Performing Loans in a sentence

• All CMSA Operating Statement Analysis Reports relating to Performing Loans shall be maintained by the Master Servicer, and all CMSA Operating Statement Analysis Reports relating to any Specially Serviced Loan and REO Property shall be maintained by the Special Servicer.

• The Master Servicer, with respect to the Performing Loans, and the Special Servicer, with respect to the Specially Serviced Loans, shall use its reasonable efforts to collect income statements, rent rolls and other reporting information from Mortgagors (as required under the related Loan Documents).

• If the Servicer receives any request for such modification, waiver (other than waivers of late payment charges and default interest on Performing Loans) or consent, the Servicer shall forward such request to the Special Servicer for analysis and processing and the Servicer shall have no further liability or duty with respect thereto.

• Servicer may deduct the Servicing Fee from collections on the Assets prior to depositing the collections into the Collection Account upon a payment received for Performing Loans or upon the passing of the scheduled Mortgage Loan Due Date for non-performing loans and, if not deducted prior to deposit, may withdraw the Servicing Fee from the Collection Account in accordance with Section 2.03(b).

• If the Servicer receives any request for a Major Decision or Other Borrower Request (other than waivers of late payment charges and default interest on Performing Loans) on the Commercial Real Estate Loans, the Servicer shall promptly forward such request to the Special Servicer for analysis and processing and the Servicer shall have no further liability or duty with respect thereto.

More Definitions of Performing Loans

Performing Loans. All Closed End Performing Loans and HELOC Performing Loans.

Performing Loans means all Eligible Timeshare Loans sold by the Seller to the Buyer pursuant to the Agreement that are not Defaulted Timeshare Loans.

Performing Loans means those Loans (regardless of whether modified by the Partnership or any Subsidiary) that are, as of as Beginning Determination Date, owned by the Partnership (or any Subsidiary) and have been fully performing under the then current terms of such Loans for a minimum of six (6) consecutive monthly payment periods prior to such Beginning Determination Date.

Performing Loans means each outstanding loan, lease financing receivable and letter of credit (including participations in loans, lease financing receivables and letters of credit) held, or issued with respect to letters of credit, by the Borrower which is not a Nonperforming Loan and is not “risk rated” worse than 6 in accordance with the Borrower’s internal policies and procedures in existence on the Fifth Amendment Effective Date, consistently applied.

Performing Loans means each Loan with respect to which, as of the Cut-off Date:

Performing Loans means loans which are well documented and performing according to contractual terms;

Performing Loans means active loans accruing interest not in default of required payments by more than thirty (30) days, except that all Loans which are fully collateralized by cash or marketable securities shall be deemed Performing Loans.