Underlying Loans definition

Underlying Loans as defined in the Line of Credit Agreement and the reimbursement obligations owed to Debtor in connection with the issuance of Letters of Credit (as defined in the Line of Credit Agreement) pursuant to the Line of Credit Agreement.

Underlying Loans means (i) all of the loans, credits, lines of credit and other credit facilities owned and held by the Borrower or a Pledgor and more particularly described on Schedule I attached hereto and made a part hereof and (ii) all loans, credits, lines of credit and other credit facilities now or hereafter owned and held by the Borrower or a Pledgor and hereafter pledged to the Bank (whether in substitution for or in addition to any then existing Underlying Loans) as security for the Obligations.

Underlying Loans means, individually or collectively, as the context may require, the underlying first priority commercial mortgage loans sold by the Mortgage Loan Seller to Borrower.

Examples of Underlying Loans in a sentence

• Any reserve or other cash collateral or letters of credit securing the Crossed Underlying Loans shall be allocated between such Crossed Underlying Loans in accordance with the Mortgage Loan documents, or otherwise on a pro rata basis based upon their outstanding Stated Principal Balances.

• These goals are listed because it is a key priority for either the Sr Director as the Pillar Owner, and/or the ministry.

• By limiting the LTV, we try to give ourselves a “cushion” in the event the Borrower defaults and we are required to foreclose and sell the mortgaged property.For some Underlying Loans, we calculate the LTV based on the value of the property as of the date of the loan.

• As a part of the eligibility criteria for the acquisition of the Loan Assets (which correlate to the eligibility criteria used in the connection with the origination of the Underlying Loans), the Underlying Loans and the assets acquired using the proceeds of such loans shall be required to produce sufficient funds to service the payments due under the Notes.

• The majority of the Underlying Loans will be unitranche development loans.

More Definitions of Underlying Loans

Underlying Loans has the meaning set forth in Section 2.5.

Underlying Loans means all loans, credits, lines of credit and other credit facilities now or hereafter owned and held by the Borrower or the Guarantor which are listed or identified from time to time on the then most recent Facility A Borrowing Base Certificate and Facility B Borrowing Base Certificate delivered by the Borrower to the Bank.

Underlying Loans. Any Mortgage Loan or REO Loan, including any related Future Advance made with respect thereto, that (i) the Originator shall transfer, assign, set over and otherwise convey to the Depositor in accordance with the terms of the 1st Tier Loan Purchase Agreement and (ii) the Depositor shall transfer, assign, set over and otherwise convey to the Issuer in accordance with the terms of the 2nd Tier Loan Purchase Agreement.

Underlying Loans means Government-Backed Mortgage Loans, Conforming Conventional Mortgage Loans, and Jumbo Conventional Mortgage Loans, for which Advances have been made by PNC.

Underlying Loans means Government-Backed Mortgage Loans, Conforming Conventional Mortgage Loans, Jumbo Conventional Mortgage Loans and Repurchased Mortgage Loans for which advances under the Loan Agreement have been made by Secured Party. For this purpose: p. (1)

Underlying Loans shall have the meanings assigned thereto in the recitals to this Agreement.

Underlying Loans. [to be provided or omitted, as applicable]. Underlying Securities: [to be provided or omitted, as applicable]. Underlying Securities Balance: $[ ]. Underlying Servicing Fee Rate: [to be provided or omitted, as applicable].