Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement

Defaulted Loan. A Serviced Loan (i) that is delinquent at least sixty days in respect of its Monthly Payments or delinquent in respect of its Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any grace period permitted by the related Mortgage or Note and without regard to any acceleration of payments under the related Mortgage and Note or (ii) as to which the Master Servicer or Special Servicer has, by written notice to the related Mortgagor, accelerated the maturity of the indebtedness evidenced by the related Note.

Examples of Defaulted Loan in a sentence

Only for the pourpose of this Report, is a Delinquent Loan any Mortgage Loan which is not a Defaulted Loan and which has an Arrears Ratio equal to or higher than 1 for a period of at least one monthPrepared by PricewaterhouseCoopers Business Services S.r.l. (as Calculation Agent) Page 7 A.1.e) Total Portfolio / Portafoglio totaleA.1.d) Integration Assets / Attivi idonei integrativiA.1.c) 2.
Only for the pourpose of this Report, is a Delinquent Loan any Mortgage Loan which is not a Defaulted Loan and which has an Arrears Ratio equal to or higher than 1 for a period of at least one month A.1.c) 1.
Delinquent Loan means a Loan in arrears and for as long as it has not become a Defaulted Loan.
Defaulted Loan means a Loan which is either (i) in arrears for more than 180 days or(ii) which has been accelerated by the Servicer and in relation to which the Servicer has commenced the Foreclosure Procedures.
The rights and remedies against a Defaulting Lender under this Section 2.17(a) are in addition to other rights and remedies that the Borrowers, the Administrative Agent or any other Lender may have against such Defaulting Lender with respect to any Defaulted Loan.

More Definitions of Defaulted Loan

Defaulted Loan as defined in Section 2.21.

Defaulted Loan as defined in Section 2.22.

Defaulted Loan. As of any Determination Date, any Loan for which any payment of principal of or interest on such Loan is more than 89 days past due, determined without giving effect to any grace period permitted by the related Mortgage or Mortgage Note or any other document in the Mortgage File.

Defaulted Loan means any Collateral Loan as to which:

Defaulted Loan shall have the meaning assigned to such term in Section 2.16(c).

Defaulted Loan means any Loan that a Defaulting Lender has failed to make.

Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.