Pledged Loan definition

Pledged Loan means the Initial Pledged Loans and any Additional Pledged Loans, but excluding any Released Pledged Loans.

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Pledged Loan means any Mortgage Loan or Wet Mortgage Loan that is pledged by the Company or its Subsidiaries and accepted by the Existing Lender in connection with an Advance.

Pledged Loan means a Mortgage Loan that is duly Pledged to the Agent.

Examples of Pledged Loan in a sentence

• The provisions of Section 5.4(a) shall apply to any Qualified Substitute Loan as to which the Issuer has breached the Issuer’s representations and warranties in Section 5.1 and 5.2 to the same extent as for any other Pledged Loan.

• Each of the Issuer and the Servicer shall, prior to the sale or transfer to a third party of any Loan similar to the Pledged Loans held in its custody, examine its computer and other records to determine that such Loan is not a Pledged Loan.

• The Servicer shall not make any Servicer Advance that, after reasonable inquiry and in its sole discretion, it determines is unlikely to be ultimately recoverable from subsequent payments or collections or otherwise with respect to the Pledged Loan with respect to which such Servicer Advance is proposed to be made.

• The Servicer shall, during the period it is Servicer hereunder, maintain such books of account, computer data files and other records as will enable the Trustee to determine the status of each Pledged Loan and will enable such Loan to be serviced in accordance with the terms of this Indenture by a Successor Servicer following a Service Transfer.

• If the Servicer elects to commence a legal proceeding to enforce a Pledged Loan, the act of commencement shall be deemed to be an automatic assignment of the Pledged Loan to the Servicer for purposes of collection only.

More Definitions of Pledged Loan

Pledged Loan means a Loan pledged by a Funding Note Issuer or Eligible Direct Issuer to secure a Funding Note.

Pledged Loan means a Loan listed on a Loan Schedule.

Pledged Loan means all Underlying Loans owned by Borrower; provided, that as it relates to any Approved Syndicated Loan or Broadly Syndicated Loan, any reference to such “Approved Syndicated Loan” or “Broadly Syndicated Loan” shall be interpreted to refer to Borrower’s applicable holding percentage of such Approved Syndicated Loan or Broadly Syndicated Loan (including, without limitation, as it relates to the calculation of the Borrowing Base in relation to such Approved Syndicated Loan or Broadly Syndicated Loan).

Pledged Loan means any Loan made by the Company with respect to which the Bank has made a Warehouse Advance, or with respect to which the Company has requested a Warehouse Advance, or which is now or hereafter at any time pledged, assigned, transferred, or conveyed, or a security interest therein granted, to the Bank. If the context so requires, "Pledged Loan" shall also mean any and all instruments and documents which evidence or relate to any such Loan.

Pledged Loan shall also mean any and all instruments and documents which evidence or relate to any such Loan.

Pledged Loan means a pledged Mortgage Loan.

Pledged Loan means a loan evidenced by a Note and pledged to Lender pursuant to the Loan Agreement.