Bridging Loan definition

Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

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Bridging Loan means the facility or any part of it which is described in the letter of offer as ‘bridging loan’ or ‘bridging loan 1’ as the case may be.

Examples of Bridging Loan in a sentence

The Tranche C Facility shall be made available to the extent that and in the amount that the Bridging Loan has been repaid by MC2 pursuant to the Bridging Loan Agreement and Tranche C Advances from time to time may be drawn PRO TANTO in an aggregate amount not exceeding the amount so repaid.
For the avoidance of doubt, with the execution of the Supplement Loan Agreement, an aggregate principal sum of S$1,687,500 Bridging Loan is extended to Hyperlync.
If you have any questions about whether a Bridging Loan is right for you, ask us.
Bridging Loan – This is a loan taken out to “bridge” the gap while waiting for sale Building Insurance – Insurance taken out by the owner of the property to insure the property against risks such as fire, a landslip etc.
Amarin may prepay the whole amount or part of the Bridging Loan which is outstanding at any time.

More Definitions of Bridging Loan

Bridging Loan means the bridging loan granted under the Letter of Offer;

Bridging Loan means a credit agreement either of no fixed duration or which is due to be repaid within 12 months, used by the consumer as a temporary financing solution while transitioning to another financial arrangement for the immovable property; “appointed representative” has the meaning attributed to this term by the Directive 2017/14/EU; “European Commission” means the Commission of the European Communities;

Bridging Loan means a term loan of US$ 50,000,000 made by the Bridging Bank to the Developer on the terms of the Bridging Loan Agreement;]

Bridging Loan means the bridging loan granted under the Letter of Offer and references to “Bridging Loan” shall also refer to any part of the Bridging Loan;

Bridging Loan means a loan described as such in the facility letter. business day means Mondays to Fridays, excluding Saturdays, Sundays and Public Holidays.

Bridging Loan means a term loan of US$ 45,000,000 made by the Bridging Bank to the Developer on the terms of the Bridging Loan Agreement;

Bridging Loan means the loan of (pound)335,000 made by Northern Ireland Local Government Officers' Superannuation Committee to the Company pursuant to a loan agreement dated 21 June 2001;