Subject Loans definition

Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

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Subject Loans means, as of any date of determination, the Initial Term Loans and any Additional Term Loans subject to ratable prepayment requirements in accordance with Section 2.11(b)(vi) on such date of determination.

Subject Loans. Each of (i) the Measurement Loans and (ii) any Transferred-In Loans agreed upon by the parties; provided that (x) with respect to the calculation of the Foreclosure Sale Ratio, a Transferred-In Loan shall not be deemed a Subject Loan until a date that is mutually agreed by the parties and (y) with respect to the calculation of the Workout Ratio, a Transferred-In Loan shall not be deemed a Subject Loan until a date that is mutually agreed to by the parties.

Examples of Subject Loans in a sentence

• Upon the occurrence of any Force Majeure Event, that has a material impact on the Subservicer’s ability to service the Subject Loans pursuant to the Agreement, the parties will agree to waive any of the Performance Triggers to the extent affected.

• In addition to the specific provisions set forth in Sections B, C and D of this Exhibit J relating to the conditions under which a Performance Trigger may be modified, the Owner/Servicer and Subservicer agree to modify any of the above Performance Triggers from time to time in cases where there have been or will be material changes to the portfolio of Subject Loans constituting the reference class of the applicable Performance Trigger.

• The Subservicer and Owner/Servicer shall mutually agree on a modification to the Foreclosure Sale Trigger in the event that one or more judicial rulings or state regulatory actions, decrees, interpretations or guidance occurs that impact more than [***] ([***]) of the total number of Subject Loans counted in the Subservicer’s active foreclosure inventory on the date of such occurrence.

• For all purposes of this Agreement, all property and ad valorem tax liabilities (“Property Taxes”) with respect to Subject Loans purchased by Purchaser hereunder shall likewise be the responsibility of Purchaser, including all such Property Taxes relating to any period prior to the purchase by Purchaser hereunder.

• Each such sale of Subject Loans shall be governed by the procedures set forth in this Section 2.

More Definitions of Subject Loans

Subject Loans means each Class of Term Loans, other than any Class of Term Loans in respect of which the applicable Incremental Assumption Agreement, Extension Amendment or Refinancing Amendment provides for non-ratable treatment with respect to the mandatory prepayment provisions set forth in Section 2.11(b) and (c) of this Agreement.

Subject Loans means consumer loans where the APR (Annual

Subject Loans means, as of any date of determination, (a) Initial Term Loans, (b) Pari Passu Indebtedness incurred as Incremental Loans or Incremental Equivalent Debt and (c) the 2027 SSNs that are subject to ratable prepayment requirements in accordance with Section 2.11(b) on such date of repayment.

Subject Loans means Legacy Loans and Servicing Only Loans, identified on any of Schedules 1 through 8 of the Letter Agreement.

Subject Loans has the meaning set forth in Section 9.7(c).

Subject Loans has the meaning specified therefor in Section 16D.5.

Subject Loans shall have the meaning assigned to such term in Section 5.05(a).