Balance of the loan definition

Balance of the loan means the amount of the loan lent by the Bank and outstanding from time to time, and shall include, interest accrued to the Bank hereunder, fees, costs, charges or expenses when debited to the loan account pursuant to Clauses 2, 3, 6, 8 and 10 hereof and any amount debited to the loan account pursuant to Clause 15 (a) hereof.
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Examples of Balance of the loan in a sentence

  • The amount will be assessed as a percentage of the Principal Balance of the loan on an annual basis, the same as the annual interest and hardship grant assessment are assessed.

  • Loan partly approved shs Balance of the loan to be approved, as at the time sufficient funds are available.

  • The Balance of the loan as of 31 December 2018 amounted to USD 3.1 million (USD 3.7 Million as of 31 December 2017).

  • The Balance of the loan as of 31 December 2018 amounted to USD 2.4 million (USD 2.4 million as of 31 December 2017.

  • The Balance of the loan as of 31 December 2018 amounted to USD 5.1 million (USD 5.1 million as of 31 December 2017).

  • The Balance of the loan amounted to USD 5.1 million as of 31 December 2018 (USD 5.6 million as of 31 December 2017).

  • Balance of the loan at the date of the requirements of the applicable Note.

  • If any loan matures after the Final Maturity Date, that loan will be removed from the Trust and the Unpaid Balance of the loan will be paid to the Trustee by St.George.

  • A taxicab vehicle for hire business license may be revoked or suspended at any time at the discretion of the Chief of Police if the a vehicle is used for criminal business or purposes or if the licensed owner is convicted of a violation of this article.B. Surrender of vehicle for hire business license.

  • Where mortgagors have made additional repayments, they can elect to temporarily cease to make repayments providing that the Current Balance of the loan does not exceed the Scheduled Balance.

Related to Balance of the loan

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

  • Loan Advance The meaning specified in Section 2.2(a).

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Term Loan as defined in Section 2.1.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Commercial loan means a loan that is not made primarily for

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Default Loan shall have the meaning provided in Section 5.2(b)(1).

  • Existing Loan means the loan identified on Exhibit H.

  • Revolving Advance has the meaning given in Section 2.1.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

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

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Eurodollar Loan means a Loan which bears interest at a Eurodollar Rate.