Loan Size Limit Sample Clauses
The Loan Size Limit clause sets a maximum amount that can be borrowed under a loan agreement. It specifies the upper threshold for the principal that the lender is willing to provide, ensuring that the borrower cannot draw more than this predetermined sum. This clause is essential for managing the lender's risk exposure and providing clear boundaries for both parties regarding the total available credit.
Loan Size Limit. The principal amount of the Mortgage Loan is not in excess of $500,000.00 on the Acquisition Date for such Mortgage Loan.
Loan Size Limit. If the Mortgage Loan is indicated by Seller to be a first lien Mortgage Loan on the Loan Purchase Detail, the principal amount of the Mortgage Loan is not in excess of $1,500,000.00 on the Acquisition Date for such Mortgage Loan; if it is indicated by Seller to be a second lien Mortgage Loan on the Loan Purchase Detail, the principal amount of the Mortgage Loan is not in excess of $500,000.00 on the Acquisition Date for such Mortgage Loan.
Loan Size Limit. If the Mortgage Loan is indicated by Seller to be a first lien Mortgage Loan on the Loan Purchase Detail, the principal amount of the Mortgage Loan is not in excess of $500,000.00 on the Acquisition Date for such Mortgage Loan; if it is indicated by Seller to be a second lien Mortgage Loan on the Loan Purchase Detail, the principal amount of the Mortgage Loan is not in excess of $500,000.00 on the Acquisition Date for such Mortgage Loan. All usual and customary cost and expenses incurred by MBF in connection with processing, administering and settling of a Mortgage Loan, currently including without limitation: