Loan Security definition

Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan. “Loan Term” means the repayment period of the loan.

Loan Security means all assets now or from time to time hereafter encumbered or subjected to a security interest or charge (or intended or required so to be pursuant to this Agreement or any other Loan Agreement) to secure the payment or performance of any of the Loan Obligations, including without limitation the assets described or referred to in Sections 6.1 and 6.2 hereof.

Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan.

Examples of Loan Security in a sentence

• The failure to give notice of the transfer also means that the Seller can agree with the Borrowers, the Insurance Companies or the other collateral providers to vary the terms and conditions of the Loans, the Mortgages, the Insurance Policies or the other collateral and that the Seller in such capacity may waive any rights under the Loans, the Loan Security and the Additional Security.

• None of the Issuer, the Security Agent or the Administrator have made or caused to be made nor will any of them make or cause to be made, any enquiries, investigations or searches to verify the details of the Loans or the Loan Security, or to establish the creditworthiness of any Borrower, or any other enquiries, investigations or searches which a prudent purchaser of the Loans would ordinarily make, and each will rely instead on the representations and warranties given by the Seller in the MLSA.

• The ability of the Issuer to meet its obligations in full to pay principal on each of the Notes on the maturity of each Class of Notes will depend on, inter alia, the amount and timing of payment of principal (including full and partial prepayments) in respect of the Loans and the net proceeds upon enforcement of the Loan Security relating to a Loan and the repurchase by the Seller of the Loans.

• Generally, where a Loan is only partly secured by a Mortgage, the Borrower of the relevant Loan or a third party provider of Loan Security may have granted a mortgage mandate.

• The Loans, Loan Security and Additional Security will be repurchased for an aggregate amount equal to the Outstanding Balance of the repurchased Loan plus accrued interest thereon and pro rata costs up to (but excluding) the date of completion of the repurchase.

More Definitions of Loan Security

Loan Security means a security held solely for the purposes of a moneylending agreement;

Loan Security. Section 6.1. "Management Agreement" Section 7.13. "Maximum Amount of Credit" Section 2.1.1. "Maximum Leverage Ratio" Section 7.10.1. "Offshore Rate" Section 3.3.1. "Partnership Agreement" Section 7.13. "Payment Date" Section 3.1. "Permitted Liens" Section 7.7. "Plan Assets" Section 7.16. "Pledged Indebtedness" Section 6.1.4.(c) "Pledged Rights" Section 6.1.4.(b) "Pledged Securities" Section 6.1.4.(c) "Pledged Stock" Section 6.1.4.(a) "Secured Obligations" Section 6.1 "Swap Contracts" Section 3.5

Loan Security means all accepted letters of offer, loan agreements, promissory notes, debentures, mortgages, hypothecations, pledges, assignments and security agreements of any kind which the Bank may hold at any time as security for the payment of the Principal Sum and all agreements amending, extending or renewing those security instruments. The Guarantor acknowledges having read all of the Loan Security held by the Bank as of the date of this Guarantee.

Loan Security. All loans will be secured by a UCC-1 filing, and otherwise these loans will be treated as unsecured loans from an underwriting perspective. Loans will also be indirectly secured by the pledge of loan loss reserve funds. Loan Repayment: Repayment will be expected to come from the borrower’s monthly income. Borrowers will be fully obligated to repay the credit via the promissory note and any associated filing to perfect the Bank’s interests. Should the borrower default on repayment, the Loss Reserve Account will be drawn upon to cover a portion of the loss. Underwriting Criteria: See Schedule 1, [ ] Bank’s Loan Criteria. Loan Origination Procedures & Schedule: • Loan applications must be submitted to one of [ ] Bank’s branches located in [ ] County. • Applications may be submitted in person, by fax, by email, or by mail. The application must note the street address of the subject property. • Accompanying the application will be the following: o Statement of intended work from the [Partner], listing the work to be performed, the estimated cost, and the needed loan amount.

Loan Security. All loans will be secured with a mortgage in favor of the City of Minneapolis. DocuSign Envelope ID: 6D61C7E8-141C-4504-8182-3423E 38F 421C EXHIBIT B1 BUDGET (COLUMBIA PARK: Home Improvement Programs)

Loan Security means an evergreen letter of credit having a continuously available credit availability in the amount of $750,000, provided by the Redeveloper to the City and/or the Authority as security for the Minimum Improvements Loan, in accordance with Section 5.1(a).

Loan Security means in respect of any SME Receivables, any and all rights, title, interests and benefits relating to any payments under any Mortgage, Floating Charge, Xxxxxx’x Xxxx, any guarantee provided for such SME Receivables and any other type of security interest granted in respect of the SME Receivables.