Excluded Loan

Example Definitions of "Excluded Loan"
Excluded Loan. Any Loan where as of the Closing Date: (a) with non-filing insurance; (b) any of the Obligors named in the Security Agreement or the Note are deceased; (c) Loan which is subject to any pending bankruptcy action and has not been discharged in a previously pending action, and such Loan is not listed on the Valid Test Tape as being subject to any such action or previous action; (d) the Unpaid Balance includes funds advanced for the purchase of single premium credit insurance covering the life,... health, and/or employment of the any Obligor; (e) any Loan listed on Schedule A View More
All Definitions