Workout definition

Workout means any written modification, waiver, amendment, restructuring or workout of the Mortgage Loan or the Note entered into with the Mortgage Loan Borrower in accordance with the Servicing Agreement.
Workout shall have the meaning assigned to such term in Section 4(a).
Workout means a deed-in-lieu of foreclosure, a Third-Party Sale by the Borrower or any forbearance, modified repayment plan, or other modification of a loan.

Examples of Workout in a sentence

  • Below is a screenshot of the covering page for the Motor Insurance Basics Workout Module.

  • What are the Workout Modules?The Workout Modules are an ever expanding set of Training and Testing Modules.The Compliance & Insurance Modules are aimed at all staff levels.

  • All staff should have a CPD file which documents their continuing development, and as part of Workout we provide a Certificate of Accomplishment for each Module completed.You will be confident that your staff have a much improved understanding of the subject matter contained in our modules.

  • We believe Workout will fulfil an important part of any company’s CPD requirements.


More Definitions of Workout

Workout. Any written modification, waiver, amendment, restructuring or workout of a Specially Serviced Mortgage Loan or a related Mortgage Note entered into with a Mortgagor in accordance with Section 3.09 hereof.
Workout means any written modification, waiver, amendment or restructuring of the Mezzanine Loan or the Mezzanine Notes in connection with the forbearance by the Holders in whole or in part of exercising their remedies upon the occurrence of, or in anticipation of, an Event of Default under any Mezzanine Loan Document.
Workout means any written modification, waiver, amendment, restructuring or workout of the Mortgage Loan or the Note entered into with the Mortgage Loan Borrower in accordance with the Servicing Agreement, in each case, after the declaration of an Event of Default or after any other event that would constitute a “Servicing Transfer Event” under the Model PSA, prior to the First Securitization, or the Securitization Servicing Agreement, after the First Securitization.
Workout means multilateral efforts to restructure the outstanding financial obligations and the business of a Debtor pursuant to the Framework and the Debtor-Creditor Agreement on Debt Restructuring Process and to document and legally agree on the terms of any such restructure.
Workout means multilateral efforts to restructure the outstanding Credits and the business of the Debtor.
Workout means generic conditioning activities engaged in by individual student athletes, including aerobic, agility, balance, flexibility, and resistance training.
Workout or in connection with any insolvency or bankruptcy proceedings or otherwise. Borrower hereby authorizes and directs Agent, at Agent's option, to debit the Loan Account (by increasing the principal balance of the Revolving Loan) in the amount of any such fees and expenses when due.