Equity Loan definition

Equity Loan means an advance of all or a portion of the Equity Payment to be made to a Homeowner prior to the execution of the Home Purchase Contract by such Homeowner.

Equity Loan and “Equity Loans” means the Equity Loans referred to and defined in clause 4.1 of this Agreement.

Equity Loan means the loan incurred by the Issuer for the purpose of making an equity commitment in the Syvash Entities and interest thereon in an aggregate amount of approximately EUR 1,200,000.

Examples of Equity Loan in a sentence

• The Pooling and Servicing Agreement provides that the obligations created thereby will terminate upon the latest to occur of (a) the final payment or other liquidation (or any advance made with respect thereto) of the last Home Equity Loan in the Trust Estate or (b) the disposition of all property acquired in respect of any Home Equity Loan remaining in the Trust Estate or (c) at any time when a Qualified Liquidation of the Trust Estate is effected as described below.

• Consistent with the foregoing, the Servicer may in its discretion waive or permit to be waived any late payment charge, prepayment charge, assumption fee or any penalty interest in connection with the prepayment of a Home Equity Loan or any other fee or charge which the Servicer would be entitled to retain hereunder as servicing compensation.

• Notwithstanding the foregoing, in the event that the Servicer determines in its reasonable business judgment in accordance with the servicing standards set out herein that any proposed Delinquency Advance would not be recoverable, the Servicer shall not be required to make Delinquency Advances with respect to such Home Equity Loan.

• Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Home Equity Loan by operation of law or any assumption which the Servicer may be restricted by law from preventing, for any reason whatsoever.

• Home Equity Loan Trust and for the registered holders of ACE Securities Corp.

More Definitions of Equity Loan

Equity Loan means any loan or loan stock made or, as the context may require, to be made available by the Singapore Shareholder or an Affiliate of the Singapore Shareholder to the Indonesian Shareholder pursuant to an Equity Loan Agreement.

Equity Loan means an Equity Loan as defined in a Member Agreement;

Equity Loan means any loan secured by Partnership property (excluding a Mortgage Loan, Refinancing or a Supplemental Loan) for purpose of providing a return of, or a return on, the Partner's Capital Contribution as provided for in FmHA Regulations Section 1965.201 et seq., 42 U.S.C. Section 1485 (Equity Takeout Incentive Loan), as amended from time to time, or other loans approved by the FmHA and Limited Partner. The Equity Loan will not supersede the Mortgage Loan but will be an additional indebtedness on Partnership property. All Equity Loans must be approved by the FmHA and Limited Partner prior to funding of the Equity Loan. The Equity Loan funds shall be distributed as follows: (a) first, payment of pre-approved expenses (which must be commercially reasonable and substantiated) paid to non-Affiliated third parties (unless the Partners consent to the use an Affiliated party) for packaging the Equity Takeout Loan application and for locating and closing the Equity Takeout Loan; and (b) second, 50% to the Limited Partner and 50% to the General Partner.

Equity Loan means any loan secured in whole or in part by a first or subordinate lien on real estate and whose purpose is anything other than to purchase the secured real estate.

Equity Loan means the loan arranged by the Buyer under the Merry Maids Acquisition Agreement in order to fund the Corporate Capital Contribution of the Special General Partner hereunder.

Equity Loan means, as to each Class A Limited Partner, the loan arranged by the General Partner or any successor loan entered into by such Class A Limited Partner, in order to fund the Capital Contribution of the Class A Limited Partner.

Equity Loan means any loan extended by Landlord to Member for working capital purposes pursuant to the term of the Equity Loan Documents.