Equity Loans Sample Clauses

Equity Loans. Banks and government loan programs must perform prudent lending practices and meet strict lending standards via federal regulators and legislation. To avoid duplication, redundancy and promote more expedient loan funding, H-GAC will accept partner bank and government loan program staff underwriting and loan approval decisions as the sole and final underwriting decision for receiving an equity loan from H-GAC. H-GAC reserves the right to review any bank approved loan for eligibility, legality, appropriateness, etc. and may opt to deny an equity loan if any issues are discovered.

Equity Loans. Borrower, Personal Guarantor, Partnership Guarantor and Corporate Guarantor shall be prohibited from obtaining equity financing related to the Project, whether secured or unsecured without the prior written consent of Lender." (s) A new Section 10.13 is hereby added as follows:

Equity Loans. 5.1 An owner redeeming all or part of an Equity Loan, either voluntarily or when obliged to do so is a Recovery Event. 5.2 The Recoverable Amount in relation to a total redemption shall be equivalent to the Firm Scheme Grant paid in relation to the Relevant Firm Scheme apportioned in accordance with Part 2B of this Schedule. 5.3 The Recoverable Amount in relation to a partial redemption shall be determined in accordance with Part 3B of this Schedule.

Equity Loans. Consistent with, and without limiting the generality of, the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any assumption fees or other fees that may be collected in the ordinary course of servicing the Home Equity Loans, (ii) arrange with a Mortgagor a schedule for the payment of delinquent amounts, so long as such arrangement is consistent with the Master Servicer's policies with respect to the home equity loans it owns or services, or (iii) and treat a Home Equity Loan as current if the Mortgagor has made one scheduled payment to cure the delinquency status of such Home Equity Loan. (b) The Master Servicer shall establish and maintain with the Trustee a separate trust account (the "Collection Account") titled "Bank One, National Association, as Trustee, in trust for the registered holders of Closed-End Home Equity Loan Asset Backed Certificates, Series 1999-1". In the event that a successor Trustee is appointed as provided in Section 9.07, a new Collection Account shall be promptly established at and maintained by such successor Trustee, and the title of the new Collection Account shall be "[Successor Trustee], as Trustee, in trust for the registered holders of Closed-End Home Equity Loan Asset Backed Certificates, Series 1999-1", and any amounts in the old Collection Account shall be transferred to the new Collection Account. The Collection Account shall be an Eligible Account. No later than 12:00 noon Chicago time one (1) Business Day prior to each Distribution Date (or, if a Deposit Event has occurred, within two (2) Business Days following receipt thereof), the Master Servicer shall deposit or cause to be deposited into the Collection Account the following payments and collections received or made by it with respect to the Home Equity Loans (without duplication): (i) Interest Collections on the Home Equity Loans; (ii) Principal Collections on the Home Equity Loans; (iii) Insurance Proceeds (including, for this purpose, any amount required to be paid by the Master Servicer pursuant to Section 3.04 and excluding any portion thereof constituting Principal Collections); and (iv) amounts required to be paid by the Depositor in connection with the termination of the Trust pursuant to Section 10.01. The foregoing requirements respecting deposits to the Collection Account are exclusive, it being understood that, without limiting the generality of the foregoing, fees (including annual fees) or late charge penalties...

Equity Loans. In the event of a default under any of the Equity Loan ------------ Documents, the remedy for which entitles Healthcare Realty or an affiliate of Healthcare Realty (a "Healthcare Realty Affiliate") to acquire the Project or --------------------------- the Pledged Interests and the Pledged Stock or if for any other reason Healthcare Realty or a Healthcare Realty Affiliate acquires the Pledged Interests and/or Pledged Stock or the Project, provided the Loan is not in default, Lender shall consent to the transfer of the Project or of the Pledged Interests and the Pledged Stock to Healthcare Realty or a Healthcare Realty Affiliate provided the following terms and conditions are satisfied: (a) New Hazardous Substances Indemnity. Healthcare Realty shall have ---------------------------------- executed and delivered to Lender a Hazardous Substances Indemnity Agreement in the form attached hereto as EXHIBIT "C"; (b) New Indemnity and Guaranty. Healthcare Realty shall have executed -------------------------- and delivered to Lender an Indemnity and Guaranty Agreement in the form attached hereto as EXHIBIT "D";