DEED Loan definition

DEED Loan. – means a loan from DEED Lender in the original principal amount
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DEED Loan means that certain loan made by The State of Minnesota Department of Employment and Economic Development to Borrower pursuant to that certain Loan Agreement Minnesota Investment Fund dated on or around September 27, 2017 in the original principal amount of $150,000 and on terms and conditions satisfactory to Administrative Agent (in its Permitted Discretion).
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Examples of DEED Loan in a sentence

  • Knowles asked when the construction would start, and Hoy reported the schedule from Jason Murray showed the council adopting the resolution and DEED Loan Agreement at this meeting and construction in January.

  • This, along with increases in Police PERA Aid and the transfer from the Liquor Fund, has helped absorb the increased operating budget and the new Debt Service payments for the Capital Improvement Bond and DEED Loan in the 2020 Budget.

  • If you have questions while completing the form please contact Lisa Dargis, DEED Loan Officer, Office of Business Finance at 651-259-7446 or lisa.dargis@state.mn.us or visit the Frequently Asked Questions tab located at https://mn.gov/deed/business/financing-business/deed-programs/mif/mif-exception/.

  • A DEED Loan Officer may contact you to verify balance information for your account and review MIF award history.Submittal InstructionsThis form and the required bank account verification document(s) must be emailed to DEED.Loan@state.mn.us with “Revolving Loan Fund” on the subject line.

  • A motion was made by Jeremy Hinderks and seconded by Brent Dahl to approve the DEED Loan agreement.

  • This equipment will enhance the field safety of both the officers and the community as officers improve their operational skills and de-escalation techniques to resolve problems before they develop further.

  • COMPARABLES Proposed Financing FIRST TRUST DEED* Loan Type Assumable Interest Rate 4.50% Amortization 30-Year Term 30 Years Approximate Loan Balance as of 01/01/2015 $2,560,665.63 Approximate Monthly Payment** $13,477.83 MARKET OVERVIEW *Loan must be assumed.

  • COMPARABLES Proposed Financing FIRST TRUST DEED* Loan Type Assumable Interest Rate 4.50% Amortization 30-Year Term 30 Years Loan Balance as of 05/16/2014 $2,595,094.41 Approximate Monthly Payment** $13,477.83 MARKET OVERVIEW *Loan must be assumed.

  • In the MSC DEED Loan Fund, the City issued a loan for $6,230 to Sweet Fields during 2011 that has a balance of$6,036 at December 31, 2011.

Related to DEED Loan

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Secured Loan has the meaning specified in Section 2(e) hereof.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • 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.

  • Loan Contract means any written agreement under which a qualified lender lends or agrees to lend funds to a borrower in consideration for, among other things, the borrower’s promise to repay the loaned funds at an agreed- upon rate of interest.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • 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.

  • Deposit Secured Loan means a loan in which the only collateral securing the loan is Assumed Deposits or deposits at other insured depository institutions

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

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

  • 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.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • 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.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Eligible Mortgage Loan means a Mortgage Loan:

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

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

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.