SD Loan definition

SD Loan means the outstanding shareholder loan(s) advanced by the Company and its subsidiaries (excluding the Smart Style Group) to the Smart Style Group as at the date of the Conditional Agreement
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SD Loan means a Loan identified on the Asset Schedule as an S&D Loan and which contains one or more of the following characteristics identified on the Asset Schedule: (i) such Loan was originated more than one-hundred and eighty (180) days prior to the initial Purchase Date of such Loan, (ii) such Loan was thirty (30) or more days past due during the prior twelve (12) month period, (iii) a repurchase demand was made upon Seller by an investor with respect to such Loan, or (iv) the related Mortgage File does not contain all documents required to be delivered with respect to such Loan for sale to or securitization by an Agency. For the avoidance of doubt, each S&D Loan shall be deemed a Dry Loan under this Agreement.
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Examples of SD Loan in a sentence

  • The Company shall use its commercially reasonable efforts to consummate (i.e., transfer legal title) the sale of the S&D Loans by ▇▇▇▇▇ ▇▇, ▇▇▇▇ (▇▇ being understood with respect to any S&D Loan sold on a servicing released basis, the actual transfer of the servicing function might occur subsequent to March 31, 2006, and that there may be a holdback of a portion of the purchase price related to the delivery of all necessary mortgage loan files with respect thereto).

  • With respect to each Loan, the Custodian shall be in possession of each required Loan Document for such Loan, other than a Wet Loan, a S&D Loan that has been identified on the Asset Schedule as missing the documents referenced in items (vii) and/or (ix) of Exhibit M to the Custodial Agreement, or Loan Documents that are released pursuant to the terms of the Custodial Agreement.

  • For purposes of this Agreement, “Repurchase Obligation” means the obligation of the Company or any Company Subsidiary to repurchase from the Person (or assignee thereof) who purchased such loan or loans, or any indemnity obligation with respect to, any S&D Loan and any costs, liabilities, expenses and indemnity obligations incurred by the Company or any Company Subsidiaries in connection therewith.

Related to SD Loan

  • CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.