Amortizing Loan definition

Amortizing Loan means a Loan that, by its terms, provides for (or after a period of time will provide for) a series of Scheduled Payment installments calculated to amortize the principal balance of the Loan over its term so that, at the Loan's maturity, no more than 25% of the maximum outstanding loan balance remains unpaid, with the remaining balance due at maturity.
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Amortizing Loan means the CA Term Loan, the US Term Loan, any Incremental Term Loan, or any one or more of them, as the context indicates.
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Amortizing Loan means a Loan that will be amortized on a thirty (30) year basis.
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Examples of Amortizing Loan in a sentence

  • For any Amortizing Loan which is also an Additional Interest Period Loan, the applicable Mortgage Loan Seller(s), on behalf of the Depositor, instructed us to use “1” for the “Original Interest-Only Period (Mos.)” characteristic and “NAP” for the “Partial IO Last IO Payment” characteristic.

  • For any Amortizing Loan (except for any Amortizing Loan which is also an Additional Interest Period Loan (as defined herein), which are described in the succeeding paragraph(s) of this Item), the applicable Mortgage Loan Seller(s), on behalf of the Depositor, instructed us to use “0” for the “Original Interest-Only Period (Mos.)” characteristic and “NAP” for the “Partial IO Last IO Payment” characteristic.

  • Traditional Amortizing Loan; • Contact Information for Lender; and • The Purpose of the Loan.

  • For any Amortizing Loan which is also an Additional Interest Period Loan, the applicable Mortgage Loan Seller(s), on behalf of the Depositor, instructed us to use “1” for the “Original Interest-Only Period (Mos.)” characteristic.

  • At the time of initial closing of the LMIR Amortizing Loan, Borrowers are required to establish an ODE, funded with cash or an irrevocable and unconditional letter of credit.

  • Construction Completion Guarantees are required when the LMIR Amortizing Loan is closed and may be drawn upon during the construction period.

  • For any Amortizing Loan (except for any Amortizing Loan which is also an Additional Interest Period Loan (as defined herein), which are described in the succeeding paragraph(s) of this Item), the applicable Mortgage Loan Seller(s), on behalf of the Depositor, instructed us to use “0” for the “Original Interest-Only Period (Mos.)” characteristic.

  • Name of Lender/Source Contact: Address City State Zip Code Phone Type:PrivateConventionalState Gov’tCDBGFederalHOMETax Exempt BondLocal Gov’tOwner EquityTaxable BondOther (Specify) Finance: Amortizing Loan Balloon BMIR *** LoanDeferred Loan Forgivable Loan Grant Owner EquityCredit EnhancementOther (Specify) #2.

  • Use the “First Payment Date,” as shown on the Combined Data File, for any Amortizing Loan that is also an Additional Interest Period Loan.

  • A Borrower must be a single asset entity in order to obtain a nonrecourse LMIR Amortizing Loan or nonrecourse Deferred Loan.


More Definitions of Amortizing Loan

Amortizing Loan means the Loan made in connection with the Approved Financing (Amortizing Loan). As of the Effective Date the outstanding principal balance of the Amortizing Loan is $48, 924,549.21.
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Related to Amortizing Loan

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term Loan as defined in Section 2.1.

  • Balloon Loan Any Mortgage Loan which, by its terms, does not fully amortize the principal balance thereof by its stated maturity and thus requires a payment at the stated maturity larger than the monthly payments due thereunder.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Effective Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Revolving Loan Maturity Date means March 31, 2003.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Expected Maturity Date means June 15, 2021.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term B Loan Maturity Date means December 7, 2023.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.