Examples of Defaulted Loans in a sentence

All funds in the Reserve Account shall be available to Bank to cover the agreed Loss Share Percentage of Loss Amounts on Defaulted Loans.
In the event of recoveries on Defaulted Loans, the Bank will deposit back to the Reserve Account the Net Recovered Amount multiplied times the Loss Share Percentage.
The FI shall have the responsibility of sending Defaulted Loans into its collections process and attempting recovery.
In accordance with this Section 5.6 and any Supplemental Indenture, (i) the portion of Revenues constituting Gross Defaulted Loan Collections shall be deemed applied to pay the Defaulted Loan Purchase Price of Defaulted Loans from the Trust Estate and (ii) Revenues, including Gross Defaulted Loan Collections, shall pay Program Expenses, including costs and expenses incurred in connection with recovering Gross Defaulted Loan Collections.
In no event shall the City be liable for Defaulted Loans, unfunded Loan Loss Reserves, or the Reserve Account.

More Definitions of Defaulted Loans

Defaulted Loans means any Loan not made by any Lender when required hereunder.

Defaulted Loans shall be those Loans that are ninety (90) days or more past due and have triggered an acceleration of the Loan and written notice to the borrower of such, as evidenced by documents defined in Section 3.04.

Defaulted Loans has the meaning assigned to that term in subsection 2.1C.

Defaulted Loans has the meaning set forth in Section 12.2(c)(i).

Defaulted Loans means the Mortgage Loans identified in Section 5.13 of the Seller Disclosure Schedule as Defaulted Loans.