Debt Consolidation. 2.1 We shall advance the Loan Amount to you in such manner that we may so decide for settlement of the total or part of the outstanding on the Designated Accounts in accordance with the terms of the Agreement (the “Debt Consolidation”). The Debt Consolidation shall take effect on the Debt Consolidation Date.
Debt Consolidation. Debt consolidation through direct channels is unacceptable other than for repayment of an informal friend or family loan with no regular payment schedule. Monthly payment commitments for debts to be consolidated are not excluded from the affordability calculation (except where an offer is issued direct to a conveyancer for repayment of shared equity loans on the security property). Applications that include any element of debt consolidation are restricted to a maximum LTV of 85 per cent. The maximum element of debt consolidation is £50,000.
Debt Consolidation. The percentage (by Scheduled Principal Balance) of the Group I Loans which are identified by the Originator as debt consolidation loans is not more than 12%.
Debt Consolidation. ILSI shall upgrade its online and call center customer support services to include providing advice to customers on debt consolidation, calculators to compare payments and recommendations on Subprime Loan programs.
Debt Consolidation. 2.1 By applying for the BOC Debt Consolidation Plan, you agree to suspend or cancel all other credit facilities, including GIRO arrangements, credit card account(s) and/or personal loan(s) account(s) held with all other Participating FI(s).
Debt Consolidation. The Weighted Average Debt Consolidation Percentage is not more than 38%; FICO Scores. The weighted average (by Scheduled Principal Balance) FICO Score of the Loans is not less than 638 and the percentage (by Scheduled Principal Balance) of the Loans with a FICO Score less than 620 is no more than 200 basis points more than such percentage of Initial Loans with a FICO Score less than 620; Lien Priority. The percentage (by Scheduled Principal Balance) of the Loans secured by a third mortgage is not more than 20% and by a fourth mortgage is not more than 0.5%; and FHA-Insured Loans. The Scheduled Principal Balance of the FHA-Insured Loans is not more than $60,974,252.94.
Debt Consolidation. 22.1 In addition to clause 2.2 above under the heading of ‘Debt Consolidation’, we shall also have discretion and authority to do any of the following as we deem fit, without notice to you:-
Debt Consolidation. 6.1 The Purchaser agrees to cancel that certain 10% Promissory Note dated May 21, 2013 in the amount of $300,000, due December 31, 2013, payable by the Company to the Purchaser (the “Old Note”) and to consolidate the amount of the Old Note with and into the Debenture for a total amount of $1,500,000 to be owing the Purchaser by the Company. Upon the Closing and the delivery of the Debenture to the Purchaser, the Purchaser herby releases the Company from any liability for the payment of the Old Note.
Debt Consolidation. The Parties acknowledge and agree that $11,019,576.28 is currently due and owed from the Borrower to the Company comprised of the following:
Debt Consolidation. The Consolidated Security Instrument secures the payment of the following, in such order of priority as Lender may determine in its sole discretion (the “Consolidated Debt”):
