Transferred Loans. As defined in Section 8.3.

Transferred Loans means each Loan that is acquired or in which an interest is acquired by the Borrower under the Purchase Agreement and all Loans received by the Borrower in respect of the Required Equity Investment. Any Transferred Loan that is (i) repurchased or reacquired by the Originator pursuant to the terms of Section 6.1 of the Purchase Agreement, (ii) purchased by the Servicer pursuant to the terms of Section 7.7 or (iii) otherwise released from the lien of this Agreement pursuant to Section 6.3 shall not be treated as a Transferred Loan for purposes of this Agreement (provided that the purchase or repurchase of any Defaulted Loan or Charged-Off Loan shall not alter such Transferred Loan’s status as a Defaulted Loan or Charged-Off Loan for purposes of calculating ratios for periods occurring prior to the purchase or repurchase of such Transferred Loan).

Examples of Transferred Loans in a sentence

Other than for consolidated accounting purposes, the Seller will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as a sale of the Transferred Loans by the Seller to the Buyer; provided that for federal income tax reporting purposes, the Buyer is, as of the Closing Date, treated as a “disregarded entity” and, therefore, the transfer of Transferred Loans by the Seller to the Buyer hereunder will not be recognized.
The Seller will immediately notify the Buyer of the existence of any lien on any Transferred Loan (other than Permitted Liens); and the Seller shall defend the right, title and interest of the Buyer and its assignees in, to and under the Transferred Loans, against all claims of third parties.
The Seller has directed all obligors of the Transferred Loans (or related paying agents) to pay all Proceeds directly to the Collection Account.
Consistent with the Buyer’s ownership of the Transferred Loans, in the event the Seller shall receive any Proceeds in respect of any Transferred Loans after the Purchase Date therefor, the Seller agrees to promptly pay to the Buyer, or an account designated by the Buyer, (but in no event later than one (1) Business Day after receipt) such Proceeds.
The representations and warranties set forth in this Section 4.1 shall survive the sale, transfer and assignment of the Transferred Loans to the Buyer.

More Definitions of Transferred Loans

Transferred Loans means all Consumer Loans, regardless of whether any such Consumer Loan has been written off on the books of HRB Bank or participated, in whole or in part, to a third party, including all Accrued Interest thereon.

Transferred Loans. Each Loan that is acquired by the Borrower under the Purchase Agreement. Any Transferred Loan that is (i) repurchased or reacquired by the Originator pursuant to the terms of Section 7.1 of the Purchase Agreement, (ii) purchased by the Servicer pursuant to the terms of Section 7.7 or (iii) otherwise released from the lien of this Agreement pursuant to Section 6.3 or 7.7 shall not be treated as a Transferred Loan for purposes of this Agreement, except as otherwise provided in the definitions of “Charged-Off Ratio” and “Default Ratio” contained herein.

Transferred Loans means each Loan, together with the related interests and property associated therewith, acquired by the Borrower under the Purchase Agreement and all Loans received by the Borrower in respect of the Required Equity Investment. Any Transferred Loan that is (i) repurchased or reacquired by the Originator pursuant to the terms of Section 6.1 of the Purchase Agreement, (ii) purchased pursuant to the terms of Section 7.7 or (iii) otherwise released from the lien of this Agreement pursuant to Section 6.3 shall not be treated as a Transferred Loan for purposes of this Agreement (provided, that the purchase or repurchase of any Defaulted Loan or Charged-Off Loan shall not alter such Transferred Loan’s status as a Defaulted Loan or Charged-Off Loan for purposes of calculating ratios for periods occurring prior to the purchase or repurchase of such Transferred Loan).

Transferred Loans has the meaning specified in Section 2.7(a).

Transferred Loans. Each ACAS Business Loan Trust Security, each Loan that is acquired by the Borrower under the Purchase Agreement and all Loans received by the Borrower as a contribution to the capital of the Borrower; provided, that, the term Transferred Loan shall not include any Retained Interests, provided, further, that, for avoidance of doubt, the term Transferred Loan shall include each Transferred Loan acquired or received by the Borrower under the Existing Purchase Agreement and owned by the Borrower on the Closing Date.