Settled Loan definition

Settled Loan means a Loan introduced by you, the Aussie Broker or any Associate from the Commencement Date pursuant to this Agreement that is recorded in Aussie’s commission system as a “settled loan”. The settlement date and amount is provided by the commission systems of the applicable Supplier and may differ from Aussie’s “Customer Relationship Management system” and the loan tracking system of the applicable Supplier.

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Settled Loan means a Loan that has been paid in full or the balance owed by the Borrower on such Loan is waived or forgiven.

Settled Loan means a Loan which is recorded as such in AHL Investments’ commission system.

Examples of Settled Loan in a sentence

With respect to Program Credits relating to transactions processed through Participating Sites that do not include Processed Merchant Sites, Settled Loan Proceeds will be disbursed to Amazon Services or the applicable Covered Affiliate.
With respect to Program Credits relating to transactions processed through the Amazon Pay Widget on Processed Merchant Sites, Settled Loan Proceeds will be disbursed to Amazon Payments.
Affirm will transmit Settled Loan Proceeds to one or more accounts of Amazon Services or its Affiliates specified by Amazon Services.
For the avoidance of doubt, with respect to Program Credits originated by Bank, Bank will disburse the Settled Loan Proceeds to Amazon; and with respect to Program Credits originated by Affirm’s Affiliate, Affirm Loan Services, LLC, such Affirm Affiliate will disburse the Settled Loan Proceeds to Amazon.
To be clear, where Aussie has not received Direct Commission in respect of a Settled Loan, then the Settled Loan will not be included in the calculation of IMSV for the purposes of determining Upfront Commission payable to you.
Affirm will make available to Amazon Services settlement information with respect to the aggregate amount of Settled Loan Proceeds owed to Amazon Services for each calendar day (the “Aggregate Daily Settlement Amount”) in the Remittance File to enable Amazon Services to reconcile the amount due to Amazon Services for Purchased Goods for that calendar day against the Settled Loan Proceeds Affirm has paid to Amazon Services for that calendar day.
Variations of a Settled Loan do not change the Loyalty Bonus rate attached to that Settled Loan unless determined otherwise by AHL Investments.
For example, if a Loan settles in November, and the applicable Panel Lender or Strategic Partner pays Aussie trail commission in respect ofthat Settled Loan in December, then the first Loyalty Bonus payment in respect of that Settled Loan will be paid to you on the Monthly Payment Date in January.
In the event of a Clawback Trigger, any Commission paid to you in relation to the relevant Settled Loan is to be repaid to AHL Investments and will be deducted from your Loyalty Bonus or other Upfront Commission or any other amount payable by AHL Investments to you.
In any Calendar Months in which Aussie does not receive a trail commission payment from the applicable Panel Lender or Strategic Partner in respect of a Settled Loan, then Loyalty Bonus payments will not be paid in respect of that Settled Loan.

More Definitions of Settled Loan

Settled Loan means a Loan introduced by the Contractor and/or the CSC Credit Representative that is recorded in CSC’s commission system as a “Settled Loan”. The settlement date and amount is provided by the commission systems of the applicable Panel Lender and may differ from CSC’s “Customer Relationship Management system” and the loan tracking system of the applicable Panel Lender.

Settled Loan means a Loan introduced by you that is recorded in Aussie’s commission system as a “Settled Loan”. The settlement date and amount is provided by the commission systems of the applicable Panel Lender or Strategic Partner and may differ from Aussie’s “Customer Relationship Management system” and the loan tracking system of the applicable Panel Lender or Strategic Partner. Settled Loan Amount means the amount initially advanced to a Customer on the settlement of a Loan introduced by you or such other amount as the applicable Panel Lender or Strategic Partner uses to calculate Direct Commission (for example, for “Equity Loan” style products Panel Lenders specify a loan amount for commission purposes of less than the settled loan limit), determined at Aussie’s sole discretion.