Deferred Loan definition

Deferred Loan means the deemed advance by the Lenders (in Dollars) of the First Deferred Loans and/or the Second Deferred Loans (as the context may require).

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Deferred Loan means the deemed advance by the Lenders (in Dollars) of a proportion of the Total Commitments in accordance with Section 2.02(c) and which shall constitute a separate Loan repayable in accordance with Section 4.02.

Deferred Loan means a loan on which initial payment is due

Examples of Deferred Loan in a sentence

• No additional Commitment Commission shall be payable in respect of a Deferred Loan.

• No additional CIRR Fee shall be payable in respect of a Deferred Loan.

• The Borrower agrees to pay interest in respect of the unpaid principal amount of each Deferred Loan from the date the proceeds thereof are made available (or deemed made available) to the Borrower until the maturity (whether by acceleration or otherwise) of such Deferred Loan at the Floating Rate.

• Each such Deferred Loan shall be automatic and notional only, and effected by means of a book entry to finance the repayment instalment of the Loan then due.

• The Borrower agrees to pay on demand any additional imputed or calculative funding cost on the Deferred Loans incurred by a Lender or the CIRR Representative as a consequence of the parties entering into this Agreement which shall not exceed the difference between the interest payable on the Loan (other than the Deferred Loan) in accordance with the Credit Agreement and the interest payable on the Deferred Loans at the Floating Rate.

• The following clauses survive the expiration or cancellation of this Deferred Loan Agreement: 8.

• No other understanding regarding this Deferred Loan Agreement, whether written or oral, may be used to bind either party.

• Any amendments to this Deferred Loan Agreement must be in writing and will not be effective until it has been executed and approved by the same parties who executed and approved the original Deferred Loan Agreement, or their successors in office.

• No funds will be disbursed to the Grantee until this Deferred Loan Agreement is fully executed.

• Venue for all legal proceedings out of this Deferred Loan Agreement, or its breach, must be in the appropriate state or federal court with competent jurisdiction in ▇▇▇▇▇▇ County, Minnesota.

More Definitions of Deferred Loan

Deferred Loan means any Financing Contract with unequal payments, including but not limited to: Balloon Loans, Leases, Flex-Payment programs, or promotional reduced APR loans. This GAP Addendum will not provide coverage for Deferred Loans, unless the Financing Contract was reported as such and the appropriate premium was paid.

Deferred Loan means a loan where the principal and interest payments shall become due and payable no later than the sale and/or disposition of the development.

Deferred Loan or “Loan” means a loan whose principal and interest is not due during the expressed term of the deferred loan and, given certain events, whose principle will be forgiven at the end of the expressed loan term.

Deferred Loan means a Loan with respect to which the Obligor has been granted an extension of the time required to pay the amounts due thereon.

Deferred Loan means a loan secured by a mortgage,

Deferred Loan means a loan made under this program for which repayment shall not become due until the deferred loan recipient transfers the property for which the deferred loan was made.