CTF Loan definition
Examples of CTF Loan in a sentence
Lender retains CTF Loan Servicing, LLC to employ commercially reasonable and prudent practices to collect all scheduled payments on Loans identified by the Lender and further authorizes Servicer to direct any payment to be made payable to CTF Loan Servicing, LLC’s Trust Account.
CTF Loan Servicing, LLC will not use such payment for any other transaction other than the transaction for which the funds are received.
To this end, without limitation or restriction upon any of its other obligations under the Guarantee Agreement, the Guarantor hereby unconditionally guarantees, as primary obligor and not as surety merely, the due and punctual payment of all CTF Loan Payments payable by the Borrower pursuant to the CTF Loan Agreement.
The following is specified as an additional condition to the effectiveness of this Loan Agreement for the purposes of Section 9.01(f) of the Loan Regulations: the CTF Loan Agreement shall have been duly executed and delivered on behalf of the Borrower, and all conditions precedent to its effectiveness shall have been fulfilled.
Unless the context requires otherwise, the capitalized terms used in this Agreement have the meanings ascribed to them in the Standard Conditions or in the CTF Loan Agreement.
Servicing of the Note will be performed by CTF Loan Servicing, LLC, a Residential Mortgage Loan Servicer NMLS #1558109.
This Agreement shall come into force and effect on the date upon which the Loan Agreement and the CTF Loan Agreement become effective.
This loan servicing agreement is made between CTF Loan Servicing, LLC and the Lender/ Investor/Seller.
The Standard Conditions (as defined in the Appendix to the CTF Loan Agreement) constitute an integral part of this Agreement.
All works and goods required for the Project and to be financed out of the proceeds of the Loan or the proceeds of the CTF Loan shall be procured in accordance with the requirements set forth or referred to in Section I of the Procurement Guidelines, and with the provisions of this Section.