Examples of Loan Contracts in a sentence
Funding agrees to accept the assignment of the Purchased Loans and Purchased Loan Contracts arising from the satisfaction of a Dealer Loan resulting from a Dealer Collections Purchase by CAC in satisfaction of such Dealer Loan secured by the related Dealer Loan Contracts.
Any other factor or characteristic of the Automobile Loan Contracts that would be material to the likelihood that the issuer of the Notes will pay interest and principal in accordance with applicable terms and conditions.
The Servicer, at its expense, shall obtain on behalf of the Trust all licenses, if any, required by the laws of any jurisdiction to be held by the Trust in connection with ownership of the Loans and the Purchased Loan Contracts and its security interest in the Dealer Loan Contracts, and shall make all filings and pay all fees as may be required in connection therewith during the term hereof.
It is understood and agreed that with re- spect to all loan agreements previously en- tered into by and between RUS and the Bor- rower (hereinafter being referred to as ‘‘Prior Loan Contracts’’) the Borrower shall be required, after the date hereof, to meet af- firmative and negative covenants as set forth in this Agreement rather than those set forth in the Prior Loan Contracts.
In ad- dition, any remaining obligation of RUS to make additional advances on promissory notes of the Borrower that have been pre- viously delivered to RUS under Prior Loan Contracts shall, after the date hereof, be sub- ject to the conditions set forth in this Agree- ment.