Excess Loan definition

Excess Loan means, as of any date of determination, each Loan selected by the Servicer in accordance with Section 11.01 at such time as there shall have been discovered a breach of any of the representations and warranties set forth in Section 3.05, the removal of which pursuant to Section 11.01 and the Originator’s repurchase thereof or substitution of a Substitute Loan therefor pursuant to Section 11.01 shall remedy such breach.

Excess Loan means the loan deemed to have been made to a Non-Contributing Venturer as a result of an Excess Contribution pursuant to Section 4(j) hereof.

Excess Loan has the meaning set forth in Clause 5.8(b);

Examples of Excess Loan in a sentence

• The net result of the impairments and collective provisioning that had resulted across the whole of the Corporate Loan Book of BankWest was to provide the second defendant a mechanism to reduce the Excess Loan Amount in circumstances where a commercial benefit accrued to the second defendant through the provisioning and impairment of performing customer loans, where carried on by BankWest, by deception.

• The formation of the Joint Venture Company including the provision of the Excess Loan (“Transaction”) is a major and connected transaction of the Company, which has been approved by June Glory, the immediate controlling shareholder of the Company.

• The Shareholders’ Agreement sets out, amongst other things, the Share Transfer, how the Joint Venture Company will be managed and operated and the funding arrangements for the Joint Venture Company and the Project Company, which include the provision of the Excess Loan (as defined in the Announcement) and the Further Financing (as defined in the Announcement) (if any).

• The inadvertent overborrowing is considered to have been resolved as of the date the servicer received the borrower’s full payment of the excess loan amount.(2) Making Satisfactory Repayment Arrangements for the Excess Loan Amount (Reaffirmation)A student who has inadvertently overborrowing may regain Title IV eligibility by making satisfactory repayment arrangements acceptable to the servicer of the loan.

• The inadvertent overborrowing is considered to have been resolved as of the date the servicer received the borrower’s full payment of the excess loan amount.(2) Making Satisfactory Repayment Arrangements for the Excess Loan Amount (Reaffirmation)A student who has inadvertently overborrowed may regain Title IV eligibility by making satisfactory repayment arrangements acceptable to the servicer of the loan.

• SBA Procedural Notice on PPP Excess Loan Amount Errors (January 15, 2021) 22.

• It is not the purpose of this document to provide advice on this aspect.

• Such excess quantities shall be deemed to be Excess Loan Withdrawal Gas.

• The Death Benefit prior to the Monthly LTC Benefit.The remainder of the Monthly LTC Benefit, if any, will be paid to you.If there is an Excess Loan, the amount of the Monthly LTC Benefit that will be used as a loan repayment will be the lesser of:1.

• PNC asserts it is entitled to summary judgment on the misrepresentation claims as Dantzler knew before proceeding with the closing that it did not meet the $1.25 million Excess Loan Availability requirement and that PNC had waived this requirement.

More Definitions of Excess Loan

Excess Loan or "Excess Loans" shall mean any Revolving Loan made available by Bank to Borrower that exceeds the amount available to Borrower under the Borrowing Base Amount.