Loan Transfer Sample Clauses
The Loan Transfer clause defines the conditions under which a lender may assign or transfer its rights and obligations under a loan agreement to another party. Typically, this clause outlines whether the borrower's consent is required for such a transfer, any restrictions on eligible transferees, and the process for notifying the borrower of the change. Its core practical function is to provide flexibility for lenders to manage their loan portfolios while ensuring that borrowers are informed and protected from unexpected changes in their lending relationship.
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Loan Transfer. (a) Borrower acknowledges and agrees that Lender may sell or transfer or pledge its interest in all or any portion of the Loan and the Loan Documents, or issue one or more participations therein without prior notice to or consent of Borrower.
(b) At the request of Lender, and to the extent not already required to be provided by or on behalf of Borrower under this Agreement, Borrower shall use reasonable efforts to provide information not in the possession of Lender or which may be reasonably required by Lender or take other actions reasonably required by Lender, in each case in order to satisfy the market standards to which Lender customarily adheres or which may be reasonably required by prospective investors, transferees, participants or pledgees. Lender shall have the right to provide to prospective investors or any transferee, pledgee, or participant in the Loan with any information in its possession, including financial statements relating to Borrower, Principal, Guarantor, if any, the Property and any Tenant of the Improvements. Borrower acknowledges that certain information regarding the Loan and the parties thereto and the Property may be included in a private placement memorandum, prospectus or other disclosure documents. Borrower agrees that each of Borrower, Principal, Guarantor and their respective directors, officers, employees and representatives, shall, at Lender’s request, cooperate with Lender’s efforts in any sale, transfer, or pledge in accordance with the market standards to which Lender customarily adheres or which may be required by prospective investors, transferees, participants, or pledgees. Borrower and Guarantor agree to review, at Lender’s request in connection with any sale, participation or pledge the disclosure documents as such disclosure documents relate to Borrower, Principal, Guarantor, the Property and the Loan, and shall confirm that the factual statements and representations contained in such disclosure documents and such other information in the disclosure documents (to the extent such information relates to, or is based on, or includes any information regarding the Property, Borrower, Principal, Guarantor, Manager or the Loan) do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading.
Loan Transfer. 1.1 The Lender acknowledges the Original Borrower's transfer of her shares in Beijing Dingyuan Technology Co., Ltd. to ▇▇ ▇▇▇▇▇▇▇. According to Article 1.6 of the Loan Agreement dated October 12, 2013 between the Lender and the Original Borrower, "once the Borrower transfers her shares in Beijing Dingyuan Technology Co., Ltd. to a third party, the rights and liabilities of the loan will be automatically transferred to such third party." The Lender acknowledges that joint and several rights and liabilities relating to the original loan will be transferred to ▇▇ ▇▇▇▇▇▇▇.
1.2 After this Agreement is signed, ▇▇ ▇▇▇▇▇▇▇ agrees to accept the loan of RMB3.3 million transferred by Yang Tingling and the relevant joint and several liability. The Original Borrower's repayment obligation of RMB3.3 million will be terminated.
Loan Transfer. LASFAC agrees that it will, at the direction of Lender, take the necessary action to effect the transfer to another Guarantor of the insurance of any and all consolidation loans held by Lender, in the event that (i) such loans were transferred to LASFAC in error because they do not meet the criteria set forth in the guarantee parameters as evidenced by a review of the lender verification certificate, or (ii) LASFAC shall become insolvent as evidenced by an application for or consent to the appointment of a receiver, custodian, trustee, interim trustee or liquidator for itself or all or a substantial part of its assets. All administrative and procedural matters, including claims processing, related to loans issued under this Agreement will be directed to: Ms. Pat Storey LASFAC Loan Operations Division Director P. O. Box 91▇▇▇ ▇▇▇▇▇ ▇▇▇▇e, LA 70821-9202
Loan Transfer. The Lender will, no later than 10:00 (Beijing Time) on the Drawdown Date, transfer the amount as the Borrower requested in the Drawdown Notice it delivered in accordance with Article 3.3 to the US$ account the Borrower opened with the Lender.
Loan Transfer. Schedule 5.12 to the Agreement is updated and revised to include those loans described on Revised Schedule 5.12 attached to this Second Amendment. On or prior to the Closing Date the Bank shall transfer to Seller or its designees or to The State Bank those loans and ORE properties described on Revised Schedule 5.12. The parties agree that the attached Schedule 5.12 is the final Schedule 5.12 and that the identity of the loans and properties will not be updated to a date closer to the Closing Date and that by mutual agreement it does not include two loans that are “Non-performing Assets” as such term is defined in the Agreement. Seller or its designee shall pay the Bank a cash purchase price equal to the Loan Purchase Value of each such loan or lease and the book value of each such owned real estate property as of the date of the Loan Transfer. At the Closing the Seller and the Bank shall provide documentation evidencing compliance with this covenant.
Loan Transfer. Lender may, at any time or times, grant participations in the Loan and Loan Documents, or sell, assign or transfer the Loan, or a co-investment interest in the Loan, or any portion thereof, (and any subsequent transferees permitted by the terms hereof shall also be permitted to assign or transfer the Loan, or a co-investment interest in the Loan, or any portion thereof in accordance with the terms and conditions hereof) (each a "Loan Transfer") to (each a "New Lender"): (a) any one or more of Massachusetts Mutual Life Insurance Company's ("MassMutual") Affiliates that are engaged in making, purchasing, holding or investing in mortgage loans or similar extensions of credit (a "MassMutual Debt Investor Affiliate"), and (b) to any one or more Eligible Assignees; provided further that MassMutual and any MassMutual Debt Investor Affiliate may sell, assign or transfer the Loan, or any portion thereof between and among each other at any time. Any of the Lender Parties may forward to any of the other Lender Parties, or any prospective investor (on a confidential basis), all documents and information which any of the Lender Parties now has or may acquire relating to the Loan or to Borrower, Indemnitor, or to the Mortgaged Property, whether furnished by Borrower, or otherwise, as any of the Lender Parties determines necessary or desirable. Borrower irrevocably and unconditionally waives any and all rights Borrower may have under applicable state or Federal law to prohibit such disclosure, including but not limited to any right of privacy. Borrower also acknowledges that such information may be transmitted via the Internet or by e-mail in accordance with the foregoing. As long as (1) MassMutual or a MassMutual Debt Investor Affiliate continues to own all or a portion of the Loan, and (2) MassMutual, or Cornerstone Real Estate Advisers LLC, or another Affiliate of MassMutual has not been removed as the Administrative Agent under the applicable co-investment, co-lending or participation agreement, then MassMutual or Cornerstone Real Estate Advisers LLC, or any other Affiliate of MassMutual directly or indirectly Controlled by MassMutual shall at all times during the term of the Loan be the sole Administrative Agent for the Loan with all servicing and other responsibilities normally associated therewith and shall be Borrower's sole contact with respect to the administration and servicing of the Loan. Borrower shall be entitled to conclusively rely on notices from MassMu...
Loan Transfer. Optima Investments Limited, a Bahamian corporation, a Fontech creditor, shall transfer all such Fontech debt to ITI-Del such that ITI-Del is the creditor with respect to such debt.
Loan Transfer. After the Lender makes a positive Decision on the Loan, the Lender will transfer the Amount of the Loan to the bank account provided by the Borrower in the Loan Application.
Loan Transfer. 1.1 The Lender acknowledges the Original Borrower's transfer of her shares in Beijing Dingyuan Technology Co., Ltd. to Hu Yongxin. According to Article 1.6 of the Loan Agreement dated October 12, 2013 between the Lender and the Original Borrower, "once the Borrower transfers her shares in Beijing Dingyuan Technology Co., Ltd. to a third party, the rights and liabilities of the loan will be automatically transferred to such third party." The Lender acknowledges that joint and several rights and liabilities relating to the original loan will be transferred to Hu Yongxin.
1.2 After this Agreement is signed, Hu Yongxin agrees to accept the loan of RMB3.3 million transferred by ▇▇▇▇▇ ▇▇ and the relevant joint and several liability. The Original Borrower's repayment obligation of RMB3.3 million will be terminated.