Restructured Loan definition

Restructured Loan means a Single Family Shared-Loss Loan for which the Assuming Institution has received a Restructuring Loss payment from the Receiver. This applies to owner occupied and investor owned residences.

Restructured Loan means any Loan (a) that was previously the subject of a Material Modification, (b) for which the Obligor (i) is current on all required payments for three consecutive payment periods and (ii) is no longer experiencing a material financial underperformance, distress or material default, in each case in accordance with the Investment Policy, and (c) that has been valued by an independent third-party appraiser since the date of such Material Modification or other default or financial distress.

Restructured Loan means any Loan that has been, or in accordance with the Credit and Collection Policy is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six (6) consecutive calendar months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit and Collection Policy.

Examples of Restructured Loan in a sentence

• For any Restructured Loan included in the sale gain or loss on sale will be calculated as (a) the sale price received by the Assuming Institution less (b) the net present value of estimated cash flows on the Restructured Loan that was used in the calculation of the related Restructuring Loss plus (c) Loan principal payments collected by the Assuming Institution from the date the Loan was restructured to the date of sale.

• For any Restructured Loan included in the sale gain or loss on sale will be calculated as (a) the sale price received by the Assuming Bank less (b) the net present value of estimated cash flows on the Restructured Loan that was used in the calculation of the related Restructuring Loss plus (c) Loan principal payments collected by the Assuming Bank from the date the Loan was restructured to the date of sale.

• In the event that the Loan was disbursed during the “cooling off” period, the Borrower may cancel the Loan Restructuring Agreement, provided that the Restructured Loan Amount and pro-rata finance charges are the Restructured Loan Amount repaid simultaneously with the letter of cancellation.

• Students may not post unreleased examinations or case studies on class web sites or convey them by any means to individuals who may take such examinations in the future.III.

• Restructured Loan means any Loan, the terms of which, have been modified by the Seller with the agreement of the Borrower.

More Definitions of Restructured Loan

Restructured Loan means any overdue loan where a bank has negotiated for a change in repayment terms with the borrower and payments are still being made in accordance with the repayment terms;

Restructured Loan. Any Loan as to which the terms of payment of principal and interest have been modified by the Originator, the Servicer or any subservicer due to an Obligor’s inability to pay, including, without limitation, to permit the Obligor to pay interest in kind rather than in cash when due but excluding any Loans re-underwritten that conform to the Credit and Collection Policy.

Restructured Loan means any Defaulted Loan the terms of which are modified in accordance with Section 5.05.

Restructured Loan means any Loan (a) that was previously the subject of a Material Modification, (b) for which the Obligor

Restructured Loan means a Single Family Shared-Loss Loan for which the

Restructured Loan means a Single Family Shared-Loss Loan for which the Assuming Bank has received a Restructuring Loss payment from the Receiver. This applies to Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 owner occupied and investor owned residences.

Restructured Loan. The principal amount plus accrued and unpaid interest of each Existing Loan of the Restructure Lenders specified in Schedule 1 being restructured pursuant to the terms of this Agreement.