Qualified loan definition

Qualified loan means a loan made under this act or former 1961 PA 108 from this state to a school district to pay debt service on a qualified bond.

Qualified loan means a loan or a portion of a loan made by a Participating Financial Institution to a Qualified Business for any business activity that has its Primary economic effect in California. A Qualified Loan may be made in the form of a line of credit, in which case the Participating Financial Institution shall specify the amount of the line of credit to be covered under the Program, which may be equal to the maximum commitment under the line of credit or an amount that is less than the maximum commitment. A Qualified Loan may be made in the form of a TRAC Lease when the Loan Loss Reserve Account is funded from an Independent Contributor. “Qualified Loan” does not include any of the following:

Qualified loan means a loan or portion of a loan as defined in Section 44559.1 subdivision (j)(1) of the Health and Safety Code, where the proceeds of the loan or portion of the loan are limited to the Eligible Costs for an Eligible Project under this Program, where the loan or portion of the loan does not exceed fifty thousand dollars ($50,000), and where the term of loss coverage for each qualified loan is no more than sixty (60) months. “Qualified Loan” does not include any of the following:

Examples of Qualified loan in a sentence

• A commitment by a lender to make a loan subject to approval of title, appraisal and/or final inspection of improvements, shall constitute obtaining a Qualified Loan and satisfy the condition provided herein unless the Buyer notifies the Seller of the failure of a commitment to satisfy the requirements of a Qualified Loan within 2 days of the Buyer’s receipt of the loan commitment.

• 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.

• Nothing in this Clause 4 (Qualified Loans) shall preclude the Parties from addressing the issue of the eligibility of a Qualified Loan which has been placed 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).

• The Arranger shall provide for such rights in the Qualified Loan documentation.

More Definitions of Qualified loan

Qualified loan means a loan or a portion of a loan made by a Participating Financial Institution to a Qualified Business where the loan proceeds are for Eligible Project Costs for the installation and operation of one or more EVCS. “Qualified Loan” does not include any of the following:

Qualified loan means an educational loan incurred

Qualified loan means any Secured Loan in which the initial principal amount, as of the date such Secured Loan is incurred, when added to the current principal balance of all existing Secured Loans as of that date, is less than or equal to the greater of the following:

Qualified loan means the same as specified in Section 8070, and any Small Business Loan, except that:

Qualified loan means a loan or portion of a loan as defined in Section 44559.1(j)(1) of the Health and Safety Code, and Section 8070 in this Article, where the loan or portion of the loan enrolled does not exceed two million five hundred thousand dollars ($2,500,000), and where the term of loss coverage for each qualified loan is no more than five (5) years. A Qualified Loan may be made in the form of a TRAC Lease when the Loss Reserve Account is funded by an Independent Contributor. “Qualified Loan” does not include any of the following:

Qualified loan means a loan or portion of a loan as defined in Section 44559.1(j) of the Health and Safety Code or a loan made to a Qualified residential property owner, where the proceeds of the loan or portion of the loan are limited to the Eligible Costs for an Eligible project under this Program, and where the loan or portion of the loan does not exceed two hundred fifty thousand dollars ($250,000), and where the

Qualified loan means any loan authorized by this chapter to be made by a business development company to a borrower: