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 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).

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

  • 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).

  • The expected impact of the project is an expanded, employment-ready, mid-level workforce in rural and urban areas, including both men and women, by 2020.

  • 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 explanatory variables, collected in the matrix X, are the Primary Income of the borrower, the Loan Term, the Original Balance of the loan and the Loan to Value ratio.

  • Closing balance of the notional loan as on 31.03.2001 is taken as opening Balance of the loan as on 1.4.2001.

Related to Balance of the loan

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • 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 Committed Loan or a Swing Line Loan.

  • Construction Loan means a mortgage loan to construct a 1-to-4 family dwelling, that is approved and closed before completion of the construction of the improvement on the real property.

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

  • 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 has the meaning set forth in Section 3.28.

  • 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 a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

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

  • Term Loan Advance means any Term Loan funds advanced under this Agreement.

  • 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.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • 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).