Portfolio Loan definition

Portfolio Loan. Any Loan serviced by the Servicer, but excluding any Loan which the Servicer services for an unaffiliated third party.
Portfolio Loan. Any loan owned or serviced by the Originator (including each Loan).
Portfolio Loan a loan secured (as to the repayment of the indebtedness and any interest thereon) by (x) a collateral assignment of the interest of the Master Landlord under the Master Agreement, and (y) in whole or in part, a mortgage lien which covers (as of the date of the origination of such loan only) either (A) in the case of the Portfolio Loan made by the initial Designated Portfolio Lender on the date hereof, substantially all of the Lease Properties on the date hereof, or (B) in the case of any other Portfolio Loan, ten (10) or more of the Lease Properties owned by Master Landlord or a Wholly-Owned Subsidiary of Master Landlord on the date of the origination of such loan. In addition, in the case of the Portfolio Loan made by the initial Designated Portfolio Lender on the date hereof only, such loan, at the time of its making (but not otherwise), shall be in an amount that, when added together with the original principal amount of the Mezzanine Loan made by the initial Designated Mezzanine Lender, does not exceed 65% of the purchase price paid by Master Landlord to Wachovia for all the Portfolio Properties pursuant to the Purchase Agreement.

Examples of Portfolio Loan in a sentence

  • The Agents’ fees payable in connection with the sale of National Class Units will be paid by the Partnership from monies made available under the National Portfolio Loan Facility and are not expected by the General Partner to be deductible in computing income of the Partnership pursuant to the Tax Act until the amount borrowed is repaid.

  • To the extent that these expenses are funded by the National Portfolio Loan Facility (including the National Portfolio’s share of expenses funded by the Operating Reserve), the unpaid principal amount and interest thereon will be a Limited Recourse Amount of the Partnership and the Limited Partners.

  • The Company prepares an estimate of the “after-repair” value of the collateral for each Portfolio Loan.

  • See “Fees and Expenses – Other Fees and Expenses, National Portfolio Loan Facility” and “Canadian Federal Income Tax Considerations”.

  • The calculations assume there are capital gains realized on the sale of assets of the Partnership in order to repay money borrowed under the National Portfolio Loan Facility and to pay operating and administrative expenses in excess of the Operating Reserve, as described in Note (3).


More Definitions of Portfolio Loan

Portfolio Loan means any Investment Loan serviced by the Borrower or an Affiliate of the Borrower, but excluding any Investment Loan which the Borrower or an Affiliate of the Borrower services for an unaffiliated third party or for a Portfolio Investment.
Portfolio Loan means any secured or unsecured loan and related forbearances, agreements, arrangements and actions, undertaken by Grantor in the ordinary course of its business as a real estate lender.
Portfolio Loan means any Loan payable within eighteen (18) months after the Loan’s origination date.
Portfolio Loan means all Loans currently owned or hereinafter owned for investment by the Company or any Subsidiary.
Portfolio Loan means a secured loan made by the Corporation and contained in the Loan Portfolio of the Corporation which is not in default with respect to the principal and interest obligation thereof and has the characteristics set forth in Section 4.04 of this Agreement.
Portfolio Loan means any Loan included in the Portfolio.
Portfolio Loan means a residential mortgage loan or Real Estate Owned, including construction loans, owned by First Chester or any First Chester Subsidiary which is not a Loan Held for Sale.