Pledged Loans definition

Pledged Loans has the meaning set forth in Section 4.1(b).

Pledged Loans means the Loans listed on the Loan Schedule.

Pledged Loans. Such of the Mortgage Loans Granted to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Pledged Assets, the Mortgage Loans so held being identified in the Pledged Asset Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property; provided that on the date such mortgage note becomes subject to the Lien of this Indenture it shall (i) have an unpaid principal balance of not less than $25,000, (ii) have had a loan-to-value ratio of the most recent appraisal date of not more than 85%, (iii) be owned by the Issuer, and (iv) not be delinquent or have been delinquent more than once during the preceding 12-month period.

Examples of Pledged Loans in a sentence

• In managing, administering, servicing and making collections on the Pledged Loans pursuant to this Indenture, the Servicer will exercise that degree of skill and care consistent with Customary Practices and the Credit Standards and Collection Policies.

• 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.Section 7.15 Delegation of Duties.In the ordinary course of business, the Servicer, including any Successor Servicer, may at any time delegate any duties hereunder to any Person who agrees to conduct such duties in accordance with the terms of this Indenture.

• The Servicer will maintain in effect all qualifications required under all relevant laws, rules, regulations and orders in order to service each Pledged Loan, and shall comply in all material respects with all applicable laws, rules, regulations and orders with respect to it, its business and properties, and the servicing of the Pledged Loans (including without limitation the laws, rules and regulations of each state governing the sale of timeshare contracts).(d) Protection of Rights.

• Comply in all material respects with all applicable laws, rules, regulations and orders with respect to it, its business and properties, and all Pledged Loans and Transaction Documents to which it is a party (including without limitation the laws, rules and regulations of each state governing the sale of timeshare contracts).

• The Issuer hereby assigns to the Trustee and the Collateral Agent all of its rights relating to the Pledged Loans and related Pledged Assets under the Term Purchase Agreement including the rights assigned to the Issuer by the Depositor of the Depositor’s rights to payment due from the related Seller for repurchases of Defective Loans (as such term is defined in the respective Purchase Agreements) resulting from the breach of representations and warranties under the respective Purchase Agreements.

More Definitions of Pledged Loans

Pledged Loans means all Mortgage Loans including all principal thereof and interest thereon from time to time outstanding or paid and all Loan Papers evidencing, securing or otherwise relating to such Mortgage Loans, whether now owned or hereafter acquired, whether or not they initially qualify or continue to qualify as Eligible Collateral:

Pledged Loans means all Bank Loans now owned or hereafter acquired by the Borrower that are transferred to or held in the Custodial Account at any time and from time to time or listed on a Transmittal Letter (including an initial Transmittal Letter) delivered to the Custodian or otherwise pledged under this Agreement in accordance with the terms and provisions of this Agreement and the Custodial Agreement.

Pledged Loans means all loans now owned or hereafter acquired by a Pledgor that are pledged under the Pledge Agreement in accordance with the terms and provisions of the Pledge Agreement, but subject to the proviso at the end of Section 3.2(a) of the Pledge Agreement.

Pledged Loans means, collectively, the loans secured by the Collateral Properties, which Pledged Loans are pledged to Lender pursuant to the Collateral Assignments of Loan and are more particularly described in Schedule 1.1 hereto.

Pledged Loans all Loan Assets listed on Schedule 2, and all Loan Assets subsequently issued to or acquired by the Grantors while this Agreement is in effect, other than any that have been released from Liens granted hereunder.

Pledged Loans shall have the meaning set forth in the Mortgage Loan Pledge Agreement.

Pledged Loans. The mortgage loans, including any FHA and VA Loans, pledged to the Trustee as security for a Series, and all renewals, extensions, substitutions and replacements thereof. The term "Outstanding Pledged Loans" as of any date means the Pledged Loans securing a Series with a remaining principal balance. Each Pledged Loan pledged to the Trustee as security for a Series shall be listed in a Schedule to the related Terms Indenture.