Active Loan definition

Active Loan means the principal amount of any loan made to a Participant pursuant to Section 2.10, any Old Plan Takeover Loan or any Predecessor Contract Takeover Loan, which, in any case, is neither fully repaid nor deemed distributed under Section 72(p) of the Code.
Sample 1Sample 2
Active Loan means a loan from the Department to a borrower with a loan agreement on file signed by both parties and a corresponding balance of funds to be distributed or repaid.
Sample 1
Active Loan means any Trust Loan which is owned by a Trust that is included within a Trust Party, subject to Indentures where appropriate, and which has not been fully paid as of the Effective Date.
Sample 1

Examples of Active Loan in a sentence

  • If your listing is allocated to the Active Loan Channel or the Passive Loan Channel, Prosper investor members will commit funds to purchase from Prosper a Promissory Note evidencing the loan made by Bank to you.

  • If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within one (1) hour of being posted, it will automatically be reallocated to the Note Channel.

  • Table Investor Name - Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table - Generic Active Loan Type Code - ex: conventional, fha, etc.

  • If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within a reasonable amount of time determined in Prosper's sole discretion after being allocated, it will automatically be reallocated to the Note Channel.

  • The term "Free Corridor Amount" means, with respect to a Participant, an amount equal to the excess, if any, of (a) 10% of the sum of the Retirement Account Value and any Active Loan, over (b) the sum of (i) cumulative prior withdrawals made with respect to the Participant pursuant to Section 2.08 in the current Participation Year, (ii) the unpaid principal of any loan defaulted with respect to the Participant pursuant to Section 2.

  • If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within a reasonable amount of time determined in Prosper’s sole discretion after being allocated, it will automatically be reallocated to the Note Channel.

  • The term "Old Plan Takeover Loan" means a loan which was established under the Employer Plan before the Funding Effective Date, which has been transferred to this Contract as an Active Loan, but which is not a Predecessor Contract Takeover Loan.

  • If a listing is allocated to Active Loan Channel and does not receive commitments sufficient to fund within a reasonable amount of time determined in Prosper's sole discretion after being allocated, it may be reallocated to the Note Channel.

  • Table Investor Name -- Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor -- First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table -- Generic Active Loan Type Code -- ex: conventional, fha, etc.

  • Reduction or Elimination of Two Active Loan Credits 32 Section 4.08.


More Definitions of Active Loan

Active Loan means any U.S. Bank Direct Loan that is owned by a Settling Defendant and has not been fully repaid as of the Effective Date.
Sample 1
Active Loan means any HELOC Loan that had an Outstanding Principal Balance greater than zero and/or had accrued and unpaid interest due during the month. A HELOC Loan shall be considered “active” for the month in which such HELOC Loan is paid in full.
Sample 1

Related to Active Loan

  • Defective Loan is any Mortgage Loan as to which there is an unremedied Material Defect.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Cooperative Loan Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Wet Loan means a wet-funded first or second lien Mortgage Loan which is underwritten in accordance with the Underwriting Guidelines and does not contain all the required Mortgage Loan Documents in the Mortgage File.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.