Examples of Pledged Loan in a sentence
Prior to or simultaneously with the financing or Refinancing of each Secondary Loan or substitution of Non-Performing Collateral with Other Pledged Loans, pledge the Secondary Loan collateral or Other Pledged Loan collateral to the Lender pursuant to the Collateral Assignment by executing a Certification of Collateral and do all other things necessary to subject the Secondary Loan or Other Pledged Loan collateral to the Collateral Assignment.
Collateral Assignment of Secondary Loan Collateral and Other Pledged Loan Collateral.
From and after the second anniversary of the date hereof, Escrow Agent shall send to Lender such inventory list upon the receipt of new Pledged Loan Documents, or the release or substitution of Pledged Loan Documents, but shall not be required to do so more often than one time in any calendar month.
The pledge and prohibitions created under this agreement shall automatically include and encumber as a matter of law, all increases in the value of the Pledged Loan.
If, on any Valuation Date, the Collateral is valued at less than Maximum Annual Debt Service, then, upon direction from the Guarantor, the Issuer shall, as soon as practicable following notice thereof, pledge the Loans from which the Pledged Loan Payments are derived to the Trustee pursuant to Section 3.01(c) of the Indenture as additional security for its obligations under the Indenture.