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).