Secured Loan Asset definition

Secured Loan Asset means a Loan Asset that is secured by a valid and perfected security interest in specified collateral.
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Secured Loan Asset means cash on deposit in the Secured Loan Asset Deposit Account or Securities Entitlements of the Borrowers with respect to Financial Assets held by a securities intermediary in the Secured Loan Asset Securities Account, in each case, in which the Administrative Agent has a first priority, perfected security interest for the benefit of the Lenders and the Designated Hedge Creditor by means of a Deposit Account Control Letter or a Securities Account Control Letter.
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Examples of Secured Loan Asset in a sentence

  • Senior Secured Loan Asset: Means a Reference Credit Agreement all Existing Tranches of which are Senior Secured.

  • The Discount Margin of each Senior Secured Loan Asset shall not exceed 5 per cent, other than a Senior Secured Loan Asset that is a DIP Collateral Obligation.

Related to Secured Loan Asset

  • Secured Loan has the meaning specified in Section 2(e) hereof.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Collateral Pool means the aggregate total of the Collateral.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Deposit Secured Loan means a loan in which the only collateral securing the loan is Assumed Deposits or deposits at other insured depository institutions

  • Collateral Debt Obligation means any debt obligation or debt security purchased by or on behalf of the Issuer from time to time (or, if the context so requires, to be purchased by or on behalf of the Issuer) each of which satisfies the Eligibility Criteria, in the case of Synthetic Securities and Non-Euro Obligations, to the extent required to do so. References to Collateral Debt Obligations shall not include Collateral Enhancement Obligations, Eligible Investments or Exchanged Equity Securities. Obligations which are to constitute Collateral Debt Obligations in respect of which the Issuer has entered into a binding commitment to purchase but which have not yet settled shall be included as Collateral Debt Obligations in the calculation of the Portfolio Profile Tests at any time as if such purchase had been completed. For the avoidance of doubt, the failure of any obligation to satisfy the Eligibility Criteria at any time after the Issuer or the Investment Manager on behalf of the Issuer has entered into a binding agreement to purchase it, shall not cause such obligation to cease to constitute a Collateral Debt Obligation.

  • Unsecured Loan means any Loan other than a Secured Loan.

  • Eligible Mortgage Loan means a Mortgage Loan:

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc., or its successor in interest.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.