Approved Loan definition

Approved Loan means a Loan sold to the Depositor by an Approved Seller pursuant to an Approved Sale Agreement.
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Approved Loan means any loan or other indebtedness approved by the competent authority of Malaysia as being made or incurred for the purpose of financing development projects or for the purchase of capital equipment for development projects in Malaysia. The term "long-term loan" means any loan made or funds deposited as defined in Section 2 of the Income Tax Xxx 0000 of Malaysia.
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Approved Loan means approved loan as defined in section 2(1) of the Income Tax Xxx 0000 of Malaysia (as amended).”
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Examples of Approved Loan in a sentence

  • Additionally, unless otherwise provided in the Motion to Approved Loan Modification Agreement, any Reserved Funds shall be disbursed by the Trustee first to the Debtor’s attorney until the outstanding balance of any attorney’s fees is paid in full and, thereafter, shall disburse any remaining Reserved Funds to satisfy the claims of other creditors.

  • CIMB may, on its approval of each application, open an account in your name and debit the Total Approved Loan Amount from this account (“Account”).

  • Your credit limit will be provisionally reduced by blocking out an amount equivalent to the Total Approved Loan Amount upon approval of your application, but will be progressively restored (at CIMB’s sole and absolute discretion) by the amount of principal repaid to CIMB on the Facility.

  • Upon approval of your application (whether in whole or in part), CIMB will credit the approved loan amount (“Total Approved Loan Amount”) into a Singapore dollar denominated bank account held by you as specified in your application.

  • All Existing Loan Portfolios and Approved Loan Portfolios are wholly owned by a Portfolio Owner, save only as set out in Clause 14.2.15 (Ownership of Loan Portfolio).


More Definitions of Approved Loan

Approved Loan means any Eligible Loan Asset (a) that is not a Specified Loan and (b) with respect to which the Administrative Agent in its sole discretion shall have provided an Approval Notice to the Borrower.
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Approved Loan shall have the meaning given such term in Section 2.02(a).
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Approved Loan means the Senior Loans or any other loan approved by the Members in accordance with this Agreement by which the Company or any Subsidiary borrows money.
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Approved Loan shall have the meaning given in Section 3.1(c).
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Approved Loan has the meaning set forth in Section 5.07 below.
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Approved Loan. A fixed rate retail installment contract in one of the forms attached hereto as Exhibit N (as such Exhibit N may be updated from time to time with the consent of the Administrative Agent) secured by an interest in a Powersports Vehicle, which require the related Obligor to repay principal monthly over the term of such contract.
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Approved Loan. A new first mortgage loan to be funded at Closing (defined below) which, unless PGRLP and WELP shall agree otherwise in their sole discretion, shalx xxnform to the requirements of the term sheet ("HELABA Loan Term Sheet") provided by Landesbank Hessen-Thuringen Girozentrale, a copy of which is attached hereto as Exhibit XXII, with the following modifications and/or additions: (a) the Approved Loan shall bear interest at a fixed rate of interest acceptable to both PGRLP and WELP in their sole discretion, and provide for payments ox xnterest only monthly in arrears without any amortization of principal for the first two (2) years; (b) Dearborn Center shall agree to a $22,500,000.00 tenant improvement reserve to be held back by the Lender, provided it can be drawn upon as Leases are executed and correspondingly tenant improvement and leasing commission expenses are incurred and the last clause of the "Other Requirements" Section on page 3 of Exhibit XXII shall be deleted; (c) the Approved Loan is to be non-recourse to Dearborn Center LLC with only customary carveouts, and completely non-recourse to its members, and if the Lender (defined below) making the Approved Loan requires guarantees and/or indemnifications with respect to the carveouts, all of same will be provided by Dearborn Center; and (d) the 1.10 DSCR test and the 1.30 DSCR test will only be applicable starting after the end of the second loan year. All costs and expenses related to funding of the Approved Loan shall be paid by Dearborn Center, including a fee to a mortgage broker of up to 1/2 of 1% of the amount of the Approved Loan, if WELP and PGRLP mutually agree to use a mortgage broker.
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