Real Estate Loans Sample Clauses

Real Estate Loans. Any indebtedness or obligations in respect of borrowed money backed principally by real estate, such as mortgage, mezzanine, bridge and other loans on Real Property and debt securities, such as collateralized mortgage backed securities and other debt securities.
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Real Estate Loans. For the purpose of this policy a real estate loan is defined as any loan whose purpose is to buy or hold/carry real estate with the loan being secured by the real estate. All real estate loans must conform to requirements of the regulatory agencies. UG should limit its risk to that which is commensurate with the return usually available to the insurance subsidiary as a lender. The yield on any loan should meet the insurance subsidiary profit expectations after allowing for the cost of funds, the risk factors and the cost of administration. The lending function has been a normal business risk. UG, however, will always strive to maintain a high quality portfolio and to do so will only accept that risk which can be adequately measured and meets the insurance subsidiaries credit standards.
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Real Estate Loans. (a) During the period of time beginning on the date that a Successful Syndication occurs (the "Real Estate Loan Availability Date"), and ending on the first anniversary of the Real Estate Loan Availability Date, subject to and upon the terms and conditions set forth herein, each Lender severally (and not jointly) agrees to fund its Pro Rata Share of Real Estate Loans to Borrowers (or Borrower Agent for their benefit) from time to time in amounts requested by Borrowers (or Borrower Agent on their behalf) up to, in the aggregate for all such loans at any time requested, the Real Estate Subline. The Real Estate Loans made hereunder shall be evidenced by the Real Estate Notes.
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Real Estate Loans. On November 30, 2016, we transferred $50 million of real estate loans from held for investment to held for sale. In connection with the December 2016 Real Estate Loan Sale, we sold a portfolio of first and second lien mortgage loans with a carrying value of $58 million and recorded a net loss in other revenues of less than $1 million. On June 30, 2016, we transferred $257 million of real estate loans from held for investment to held for sale. In connection with the August 2016 Real Estate Loan Sale, we sold a portfolio of second lien mortgage loans with a carrying value of $250 million and recorded a net loss in other revenues of $4 million. We did not have any other material transfer activity to or from finance receivables held for sale during 2017, 2016 or 2015. 84
Sample 1
Real Estate Loans. (i) the Oklahoma Real Estate Loans and (ii) the loans from Lender to Rush and/or wholly owned subsidiary of Rush designated by Rush to finance the acquisition, construction and refinancing of certain real estate and improvements thereon; provided, however, the term "Real Estate Loans" shall not include any loans secured by real property located in California. It is acknowledged that (A) GMAC shall have no obligation to make loans to Rush or any member of the Rush Group and (B) neither Rush nor any member of the Rush Group shall have any obligation to borrow from GMAC.
Sample 1
Real Estate Loans. The Parties acknowledge and agree that certain real estate loans entered into by the Borrower have been guaranteed by Mx. Xxxxxxxx, who is also the President of the Lender, pursuant to personal guaranties entered into by Mx. Xxxxxxxx, and that the Parties expect that Mx. Xxxxxxxx shall enter into personal guaranties for additional loans which the Borrower may incur (all such guaranties in effect at any time being collectively referred to as the “Cxxxxxxx Guaranties”). As consideration for the agreements of the Lender herein, following the Effective Date, Bxxxxxxx agrees to indemnify and reimburse Mx. Xxxxxxxx for all costs and expenses that may be incurred by Mx. Xxxxxxxx related to or arising from the Cxxxxxxx Guaranties. Mx. Xxxxxxxx is an intended third party beneficiary of this Agreement for purposes of this Section 2.10, and may enforce this Section 2.10 as though a party to this Agreement.
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Real Estate Loans. (a) NBD has extended a term loan to the Company in the original principal amount of $2,540,000 ("1995 Mortgage Loan"), evidenced by an Installment Business Loan Note in such amount, dated October 31, 1995 (together with any amendments, restatements, replacements or renewals, the "1995 Term Note"). In connection with the 1995 Mortgage Loan, the Company granted to NBD a mortgage (the "1995 Mortgage") on the property commonly known as 24750 Xxxxxxxxx Xxxxx, Xxxxxxxxxx Xxxxx, Xxxxxxxx, xxich the Company acknowledges secures the 1995 Term Note, the other Obligations of the Borrowers under this Agreement and any other amounts owed by the Company to NBD.
Sample 1
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Real Estate Loans. Borrower shall (a) use commercially reasonable efforts to cause each Real Estate Loan Document which constitutes chattel paper or an instrument to have only one (1) original counterpart and (b) ensure that each Real Estate Loan Document is in form that is in compliance with all applicable material state and federal laws.
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Related to Real Estate Loans

  • Existing Loans Schedule 3.14(a) attached hereto lists, as of the date of this Agreement, (i) all secured Indebtedness presently encumbering the Property or any direct or indirect interest in the Company, and (ii) all unsecured Indebtedness of the Company or any Company Subsidiary (collectively, the “Existing Company Loans”), and the outstanding aggregate principal balance of each such Existing Company Loan as of April 30, 2019. Except as set forth on Schedule 3.14(b) attached hereto, the Existing Company Loans and the documents entered into in connection therewith (such notes, deeds of trust and all other documents or instruments evidencing or securing such Existing Company Loans including any financing statements, and any amendments, modifications, and assignments of the foregoing shall be referred to collectively as the “Existing Company Loan Documents”) are in full force and effect as of the Closing Date. True, correct and complete copies of the Existing Company Loan Documents (other than financing statements, ancillary certificates and other similar ancillary documents) have been made available to MAMP. No material breach or material default by the Company or any Company Subsidiary has occurred under any Existing Company Loans. Except as set forth on Schedule 3.14(c) attached hereto, no event has occurred and is continuing which with the passage of time or the giving of notice (or both) would constitute a material breach or default under any of such Existing Company Loan Documents, nor has the Company received or given written notice of a default under any Existing Company Loan Documents, which remains uncured.

  • 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.

  • Existing Loan Seller represents and warrants that the Existing Loan is the only indebtedness secured by the Property and that the information contained on Exhibit H is true, correct and complete. Neither Seller nor any guarantor is in default or breach of any provisions of the documents evidencing the Existing Loan and no event or circumstance has occurred or exists which but for the passage of time would be a default under the Existing Loan. At Closing, Buyer shall assume the Existing Loan and Buyer shall pay all administrative fees, assumption fees and underwriting costs, if any, charged by the Existing Lender in connection with said assumption. Seller shall cooperate with Buyer in Buyer’s efforts related to the assumption of the Existing Loan including executing such applications, certificates and other documents required by the Lender and providing any information required by the Lender in connection with the assumption of the Existing Loan. Seller shall be responsible for the costs of its attorneys, and Buyer shall be responsible for the costs of its attorneys. In addition, Buyer shall be responsible for the cost, if any, of Existing Lender’s attorneys, related to the assumption of the Existing Loan.

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • 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.

  • Disbursement of Loans Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower on the date of such Borrowing as instructed by the Borrower.

  • Construction Loan Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreement, the Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender the lesser of: (i) $27,000,000.00; or (ii) 55% of the Project Costs. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the First Supplement to this Agreement.

  • Disbursement of Loan Proceeds (a) The Trustee, as the agent of the Trust, shall disburse the amounts on deposit in the Project Loan Account to the Borrower upon receipt of a requisition executed by an Authorized Officer of the Borrower, and approved by the Trust, in a form meeting the requirements of Section 5.02(3) of the Bond Resolution.

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