Subsequent Loan means each Loan made following the Initial Loan.
Subsequent Loan. A Loan sold by the Depositor to the Trust Fund during the Pre-Funding Period pursuant to Section 2.6, such Loan being identified on the Loan Schedule attached to a Subsequent Transfer Instrument and assigned to the Trust Fund.
Subsequent Loan means a Loan sold by the Seller to the Trust pursuant to Section 2.03, such Loan being identified as such in the Subsequent Transfer Instrument.
Examples of Subsequent Loan in a sentence
Each Receivable, together with the Contract related thereto, shall, at all times, be owned by the Borrower free and clear of any Lien except for Permitted Liens, and upon the Initial Loan or each Subsequent Loan, the Administrative Agent, as agent for the Secured Parties, shall acquire a valid and perfected first priority security interest in each Receivable and in the related Collateral then existing or thereafter arising, free and clear of any Lien, other than Permitted Liens.
More Definitions of Subsequent Loan
Subsequent Loan. Each Home Loan sold to the Grantor Trustee for inclusion pursuant to Section 2.07 of the Grantor Trust Agreement and the related Subsequent Transfer Agreement, which Home Loan shall be listed on the related Subsequent Loan Schedule.
Subsequent Loan means a Fixed Rate Loan, a Group I Adjustable Rate Loan or a Group II Adjustable Rate Loan sold by the Company to the Trust pursuant to Section 2.03, such Loan being identified as such in the Subsequent Transfer Instrument.
Subsequent Loan. Each Home Loan sold to the Trust for inclusion pursuant to Section 2.06 hereof and the related Subsequent Transfer Agreement, which Home Loan shall be listed on the related Subsequent Loan Schedule.
Subsequent Loan means each Loan made following the Initial Loan. "Subsequent Receivable" means each Receivable that becomes a part of the Collateral on a Funding Date other than the Funding Date relating to the Initial Loan. "Subsidiary" means, with respect to a Person, any entity with respect to which more than 50% of the outstanding voting securities shall at any time be owned or controlled, directly or indirectly, by such Person and/or one or more of its Subsidiaries, or any similar business organization which is so owned or controlled. "Successor Servicer" has the meaning given to such term in Section 7.14(b). "Supplemental Loan Amount" means, as of any Funding Date, the amount by which the portion of the Loans Outstanding funded by a Lender Group, after giving effect to the requested Loan on such Funding Date, exceeds the greater of (i) its Mandatory Commitment and (ii) the highest amount of the Loans Outstanding funded by such Lender Group on any prior date. "Supplemental Structuring Fee" means the fee payable by the Borrower on the related Funding Date in an amount equal to the product of (i) the Supplemental Structuring Fee Rate and (ii) the Supplemental Loan Amount. "Supplemental Structuring Fee Rate" has the meaning given to such term in the Fee Letter. "Take-out" means any transaction pursuant to which all or a portion of the Receivables are released from the Lien granted to the Administrative Agent hereunder, a corresponding portion of the Loans Outstanding are repaid, and such Receivables are transferred by the Borrower to the Seller or another Person. "Take-out Date" means the date upon which a Take-out is consummated. "Take-out Date Certificate" means a certificate delivered by a Responsible Officer of the Servicer on the Take-out Date indicating that the requirements set forth in this Agreement for a Take-out has been satisfied. "Take-out Release" means a release executed pursuant to Section 2.12, substantially in the form of Exhibit E. "Tangible Net Worth" means at any time with respect to DFC, the difference of DFC's (i) assets minus (ii) liabilities minus (iii) without duplication, intangible assets, including goodwill,
Subsequent Loan means a Group I or Group II Loan, as applicable, sold by the Seller to the Trust pursuant to Section 2.03, such Loan being identified as such in the Subsequent Transfer Instrument.
Subsequent Loan has the meaning set forth in Section 2.7(b).
Subsequent Loan. A Group I or Group II Loan, as applicable, sold by the Depositor to the Trust Fund during the Pre-Funding Period pursuant to Section 2.6, such Loan being identified on the related Loan Schedule attached to a Subsequent Transfer Instrument and assigned to the Trust Fund.