Examples of Qualified Loan Schedule in a sentence
The Seller shall follow the same requirements for completion of the initial Qualified Loan Schedule.
For the avoidance of doubt, nothing in this Clause 4 (Qualified Loans) shall preclude a subsequent determination by the Guarantor that any Qualified Loan Note Agreement or Qualified Loan Schedule submitted by the Arranger was the result of gross negligence, fraud or material misrepresentation, or that a given Qualified Loan otherwise fails to comply with the terms and conditions of this Guarantee Agreement.
The Arranger shall semi-annually deliver to the Guarantor the Qualified Loan Schedule, Schedule 6 (Qualified Loan Schedule) including a list of all loans under coverage pursuant to the Guarantee.
The Arranger makes the representations and warranties set out in this Clause 8 (Representations) to the Guarantor on the date of this Agreement, and shall be deemed to be repeated on the Effective Date and on the date of each Claim Request, Qualified Loan Note Agreement, Qualified Loan Schedule, and Due Diligence and Anti- Money Laundering Process delivered to the Guarantor (in each case by reference to the facts and circumstances then existing).
Effective Date: The date this Commitment is executed, except with respect to Qualified Loans listed on a Qualified Loan Schedule delivered to Farmer Mac by the Seller pursuant to Section 4.02(b), in which case the Effective Date shall be the first day of the month following receipt of such Qualified Loan Schedule by Farmer Mac.
Each loan listed in a Qualified Loan Schedule is a Qualified Loan.
If Farmer Mac determines, in its sole discretion, that any such loan was not a Qualified Loan at the time the loan was added to the Portfolio, the applicable Qualified Loan Schedule shall be revised to reflect that such loan is not in the Portfolio, and Farmer Mac shall have no obligation to purchase such loan from the Seller under this Commitment.
Accordingly, the Seller certifies that (i) all the information contained in the Qualified Loan Schedule submitted to the Custodian is correct and (ii) upon payment of the purchase price, the Seller will transfer an undivided interest in such Qualified Loans or Qualified Participation Interests to Farmer Mac.
The Reserve Amount Total Limit shall equal with respect to each pool of Qualified Loans listed on a Qualified Loan Schedule, the percentage (as specified in the related Qualified Loan Schedule) of the aggregate outstanding principal balance of the Portfolio as of the Effective Date.
The applicable fee for any particular Qualified Loan shall be as agreed upon between the parties and set forth in a Qualified Loan Schedule signed by both parties.