Portfolio Loan definition

Portfolio Loan. Any Loan serviced by the Servicer, but excluding any Loan which the Servicer services for an unaffiliated third party.

Portfolio Loan. Any loan owned or serviced by the Originator (including each Loan).

Portfolio Loan a loan secured (as to the repayment of the indebtedness and any interest thereon) by (x) a collateral assignment of the interest of the Master Landlord under the Master Agreement, and (y) in whole or in part, a mortgage lien which covers (as of the date of the origination of such loan only) either (A) in the case of the Portfolio Loan made by the initial Designated Portfolio Lender on the date hereof, substantially all of the Lease Properties on the date hereof, or (B) in the case of any other Portfolio Loan, ten (10) or more of the Lease Properties owned by Master Landlord or a Wholly-Owned Subsidiary of Master Landlord on the date of the origination of such loan. In addition, in the case of the Portfolio Loan made by the initial Designated Portfolio Lender on the date hereof only, such loan, at the time of its making (but not otherwise), shall be in an amount that, when added together with the original principal amount of the Mezzanine Loan made by the initial Designated Mezzanine Lender, does not exceed 65% of the purchase price paid by Master Landlord to Wachovia for all the Portfolio Properties pursuant to the Purchase Agreement.

Examples of Portfolio Loan in a sentence

• Borrower and Blended SPV shall be entitled to rely on the assurances and certifications made by the CDFI Originators to Borrower pursuant to the Downstream Loan Agreement to confirm each Eligible Blended Portfolio Loan satisfies the foregoing.

• For the avoidance of doubt, the Funds will provide Full Circle prompt notice in the event that any of them (A) agree to any modification of or waiver or forbearance under any MAST Portfolio Loan Document, or waive or fail to enforce any material right under any MAST Portfolio Loan Document or (B) consent to any release of collateral relating to any MAST Portfolio Asset.

• Recipient must submit an RLF Financial Report (Form ED-209), including a Portfolio Loan List, on a semiannual basis during the period of performance of this Award and after the period of performance of this Award (during the Revolving Phase).

• The fixed rates and periods that can be chosen will only be those rates and periods that we have determined are eligible for the Portfolio Loan and that particular sub-account.

• To each of Borrower and Blended SPV’s knowledge, relying solely on the assurances and certifications made by the CDFI Originators to Borrower pursuant to the Downstream Loan Agreement and subject to Section 5.2(k), each Eligible Blended Portfolio Loan held by Blended SPV satisfies the Program Parameters.

More Definitions of Portfolio Loan

Portfolio Loan means any Investment Loan serviced by the Borrower or an Affiliate of the Borrower, but excluding any Investment Loan which the Borrower or an Affiliate of the Borrower services for an unaffiliated third party or for a Portfolio Investment.

Portfolio Loan means any secured or unsecured loan and related forbearances, agreements, arrangements and actions, undertaken by Grantor in the ordinary course of its business as a real estate lender.

Portfolio Loan means any Loan payable within eighteen (18) months after the Loan’s origination date.

Portfolio Loan means a secured loan made by the Corporation and contained in the Loan Portfolio of the Corporation which is not in default with respect to the principal and interest obligation thereof and has the characteristics set forth in Section 4.04 of this Agreement.

Portfolio Loan means a residential mortgage loan or Real Estate Owned, including construction loans, owned by First Chester or any First Chester Subsidiary which is not a Loan Held for Sale.

Portfolio Loan means all Loans currently owned or hereinafter owned for investment by the Company or any Subsidiary.

Portfolio Loan. “Section 2 Lease”; “Third Party Purchaser”; and “Third Party Transfer Event”.