Approved Loan Amount definition
Examples of Approved Loan Amount in a sentence
Lender shall forward to Authority a guarantee origination fee of not less than one percent (1%) of the initial Maximum Guaranteed Amount of the Approved Loan Amount, or such other greater percentage or sum as specified in the Authorization.
Any amount in excess of the Approved Loan Amount shall not be guaranteed by Authority.
FOR VALUE RECEIVED, ▇▇▇▇▇▇▇▇ promises to repay to the order of LENDER, the sum of $Account Currency$ $Approved Loan Amount$ together with interest thereon at a rate of $Rate of Interest$ percent (%) per annum.
An “Event of Default” shall exist if any term or condition of this Agreement is breeched, including one or more of the following occurs: Failure by Borrower to pay the interest and all applicable fees or charges when due or the Approved Loan Amount when due or any other default in the performance of an obligation that is not cured within the applicable cure time of 5 business days.