Investor Loans Sample Clauses

Investor Loans. If it is expected that a Mortgage Loan is to be purchased by an Investor, the Mortgage Loan must meet the eligibility requirements of the Seller’s Guide, Program Guidelines and any Investor-specific requirements. There are no circumstances or conditions with respect to the Mortgage Loan, the Mortgage, the property subject to the Mortgage, the Mortgagor or the Mortgagor’s credit standing that will cause the Agency or the relevant Investor to regard the Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent, or adversely affect the value or marketability of the Mortgage Loan.
Sample 1
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Investor Loans. At the Closing, Parent and/or Merger Sub shall cause to be repaid all amounts outstanding under the Company's promissory notes issued February 18, 2000, to the North Carolina Enterprise Fund, L.P., and Alliance Semiconductor Corporation (the "Investor Loans"); provided, however, that Parent shall not be required to pay any prepayment or similar penalties on such Investor Loans.
Sample 1
Investor Loans. (i) 10/98 Loan. At any time after March 31, 1999 but before the earlier of 5:00 p.m., New York time, on December 31, 1999 or payment in full of the 10/98 Loan, the QIP Investors may, at their option, elect to convert into Common Stock up to $600,000 of the outstanding principal, together with the amount of any interest due thereon, owed by the Company to the QIP Investors under the 10/98 Loan. If the QIP Investors elect to so convert, the Company agrees to issue to such QIP Investors that number of shares of Common Stock equal to the amount of principal and interest to be converted by such QIP Investors divided by a conversion price of $1.00 per share. Upon payment in full of the 10/98 Loan and issuance of shares pursuant to this subsection (if required), the QIP Investors shall release the Company from any obligations arising
Sample 1
Investor Loans. Row - % Wtd Avg Wtd Avg Wtd Avg Wtd Avg Wtd Avg FICO Low FICO High Total Collateral Curr. Bal./Loan FICO DTI LTV GWAC % SFD % PUD % Owner Occ % Investor -------- --------- ---------------- --------------- ---- --- --- ---- ----- ----- ----------- ---------- 500 524 0.00% $0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 525 574 0.00% $0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 575 599 0.19% $240,826 588 78.41% 7.37% 78.68% 0.00% 0.00% 100.00% 600 619 0.03% $108,750 611 75.00% 6.50% 100.00% 0.00% 0.00% 100.00% 620 639 0.22% $431,486 629 83.14% 7.32% 0.00% 0.00% 0.00% 100.00% 640 659 0.09% $289,250 674 65.00% 7.25% 0.00% 0.00% 0.00% 100.00% 660 679 0.00% $0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 680 699 0.00% $0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 700 724 0.00% $0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 725 749 0.00% $0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 750 max 0.00% $0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% FICO Low % 2+ family % Full Doc % Ltd Doc % No Doc % MI % Int Only % CA % NY % FL IO 24 IO 36 IO 60 -------- ----------- ---------- --------- -------- ---- ---------- ---- ---- ---- ----- ----- ----- 500 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 525 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 575 21.32% 100.00% 0.00% 0.00% 0.00% 100.00% 28.69% 0.00% 0.00% 100.00% 0.00% 0.00% 600 0.00% 100.00% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00% 620 100.00% 100.00% 0.00% 0.00% 0.00% 100.00% 68.56% 0.00% 0.00% 68.56% 31.44% 0.00% 640 100.00% 0.00% 0.00% 0.00% 0.00% 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 100.00% 660 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 680 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 700 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 725 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 750 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Sample 1
Investor Loans. (a) Make or offer to make any payment, prepayment, repurchase or redemption of or otherwise defease or segregate funds with respect to the Investor Loans except (i) pursuant to any such offer required by the documentation governing the Investor Loans upon the occurrence of a Change in Control or (ii) pursuant to a conversion thereof exclusively into Capital Stock of Holdings (provided that the terms of such Capital Stock shall not provide for any mandatory redemptions (other than upon the same types of events that would permit an acceleration of the Investor Loans pursuant to the permitted terms thereof) or cash payment of dividends prior to May 1, 2007) or (b) amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Investor Loans or any preferred Capital Stock issued pursuant to clause (a)(ii) above (other than any such amendment, modification, waiver or other change that (i) would extend the maturity or stated redemption date or reduce the amount of any payment of principal or liquidation preference in respect thereof or reduce the rate or extend any date for payment of interest or dividends thereon and (ii) does not involve the payment of a consent fee).
Sample 1

Related to Investor Loans

  • Initial Loans The Lenders shall not be required to make the ------------- initial Advance hereunder unless the Borrower has furnished the following to the Agent with sufficient copies for the Lenders and the other conditions set forth below have been satisfied:

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Subsequent Advances The obligation of FINOVA to make any advance shall be subject to the further conditions precedent that, on and as of the date of such advance: (a) the representations and warranties of Borrower set forth in this Agreement shall be accurate, before and after giving effect to such advance or issuance and to the application of any proceeds thereof; (b) no Event of Default and no event which, with notice or passage of time or both, would constitute an Event of Default has occurred and is continuing, or would result from such advance or issuance or from the application of any proceeds thereof; (c) no material adverse change has occurred in the Borrower's business, operations, financial condition, in the condition of the Collateral, or other assets of Borrower or in the prospect of repayment of the Obligations; and (d) FINOVA shall have received such other approvals, opinions or documents as FINOVA shall reasonably request.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Incremental Loans Any Incremental Term Loans or Incremental Revolving Commitments effected through the establishment of one or more new term loans or new revolving credit commitments, as applicable, made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Term Loans or Incremental Revolving Commitments, as applicable, for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Commitment of such Class and (ii) each Incremental Revolving Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Commitment of such Class and the Incremental Revolving Loans of such Class made pursuant thereto.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • ARD Loans Each Mortgage Loan identified in the Mortgage Loan Schedule as an ARD Loan starts to amortize no later than the Due Date of the calendar month immediately after the calendar month in which such ARD Loan closed and substantially fully amortizes over its stated term, which term is at least 60 months after the related Anticipated Repayment Date. Each ARD Loan has an Anticipated Repayment Date not less than five years following the origination of such Mortgage Loan. If the related Mortgagor elects not to prepay its ARD Loan in full on or prior to the Anticipated Repayment Date pursuant to the existing terms of the Mortgage Loan or a unilateral option (as defined in Treasury Regulations under Section 1001 of the Code) in the Mortgage Loan exercisable during the term of the Mortgage Loan, (i) the Mortgage Loan’s interest rate will step up to an interest rate per annum as specified in the related Mortgage Loan documents; provided, however, that payment of such Excess Interest shall be deferred until the principal of such ARD Loan has been paid in full; (ii) all or a substantial portion of the excess cash flow (which is net of certain costs associated with owning, managing and operating the related Mortgaged Property) collected after the Anticipated Repayment Date shall be applied towards the prepayment of such ARD Loan and once the principal balance of an ARD Loan has been reduced to zero all excess cash flow will be applied to the payment of accrued Excess Interest; and (iii) if the property manager for the related Mortgaged Property can be removed by or at the direction of the mortgagee on the basis of a debt service coverage test, the subject debt service coverage ratio shall be calculated without taking account of any increase in the related Mortgage Interest Rate on such Mortgage Loan’s Anticipated Repayment Date. No ARD Loan provides that the property manager for the related Mortgaged Property can be removed by or at the direction of the mortgagee solely because of the passage of the related Anticipated Repayment Date.

  • Loans; Investments Make or suffer to exist any loans, guaranties, advances, or investments, except:

  • Revolving Loan Borrowings (i) Each Revolving Loan Borrowing shall be made on notice, given not later than (x) 12:00 noon (New York City time) on the third (3rd) Business Day prior to the date of a Eurodollar Rate Borrowing, and (y) 10:00 A.M. (New York City time) on the day of a Base Rate Borrowing, by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier, telex, cable or electronic mail. Each notice of a Revolving Loan Borrowing (a “Notice of Revolving Loan Borrowing”) shall be made in the form of a written Loan Notice, or orally and confirmed immediately in writing, by telecopier, telex, cable or electronic mail, in the form of a written Loan Notice, specifying therein the requested (i) date of such Revolving Loan Borrowing (which shall be a Business Day), (ii) Type of Revolving Loan comprising such Revolving Loan Borrowing, (iii) aggregate amount of such Revolving Loan Borrowing and (iv) in the case of a Revolving Loan Borrowing comprised of Eurodollar Rate Loans, the Interest Period for each such Revolving Loan. Each Lender shall (A) before 11:00 A.M. (New York City time) on the date of such Borrowing (in the case of a Eurodollar Rate Borrowing) and (B) before 1:00 P.M. (New York City time) on the date of such Borrowing (in the case of a Base Rate Borrowing), make available for the account of its applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account in same day funds, such Lender’s ratable portion of such Borrowing (based upon its Applicable Revolving Credit Percentage). After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 4.02, the Administrative Agent will make such funds available to the Borrower in such manner as the Administrative Agent and the Borrower may agree; provided, however, that the Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Loan and Letter of Credit Loans as to which the Borrower has received timely notice made by the Swing Loan Bank or the Issuing Bank, as the case may be, and by any other Lender and outstanding on the date of such Revolving Loan Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to the Swing Loan Bank or the Issuing Bank, as the case may be, and such other Lenders for repayment of such Swing Loans and Letter of Credit Loans.

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