Grace Loan definition

Grace Loan means a Student Loan during a period of Grace.
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Examples of Grace Loan in a sentence

  • Aberdeen City Council along with most other local authorities in Scotland will be required to register as a factor and operate within the Code of Conduct.

  • Under this partnership, Kenya Commercial Bank (KCB) has introduced the Grace Loan, which is tailor-made for individual women entrepreneurs and women business groups to meet working capital or business expansion needs.

  • In connection with the acts, conduct and other wrongs alleged in this25 Complaint, Defendants, directly or indirectly, used the means and instrumentalities of26 interstate commerce, including but not limited to, the United States mail, interstate27 telephone communications and the facilities of the national securities exchange.

  • It will constitute an event of default if the Specific Performance Obligation III is breached whereupon the Lender III may, (i) cancel the Brightoil Grace Loan; and/or (ii) declare that all or part of the loan together with accrued interest and all other amounts accrued or owing under the Brightoil Grace Loan Agreement be immediately due and payable or due and payable on demand; and/or (iii) take any other action which it is entitled to take under the Brightoil Grace Loan Agreement.

  • Brightoil Grace Tanker Ltd., an indirect wholly-owned subsidiary of the Company, as borrower (the “Borrower III”), Credit Suisse AG as lender (the “Lender III”), and the Company, as guarantor, entered into a loan agreement (the “Brightoil Grace Loan Agreement”) pursuant to which the Lender III has agreed to grant a loan of up to US$65,000,000 to the Borrower III to part finance the acquisition of one very large crude carrier (the “Brightoil Grace Loan”).

  • Should the nature of injury not be clear then the dentist should indicate this on the certificate.

  • Huge Grace had pursuant to the Huge Grace Loan Agreements advanced to Chengdu Changtian the Huge Grace Loans.

  • Discount Rates and Terms of New Debt1/Discount Interest Grace Loan Grant rate rate period Maturity element, %MultilateralsIMF (PRGF) 5.0% 0.5% 5.0 10.0 25.9IDA5.0%0.8%10.040.056.9Others5.0%3.0%5.015.014.6Official Bilaterals Paris Club5.0%3.0%72018.4Non-Paris Club5.0%3.5%51510.9Commercial5.0%8.0%16-8.01/Extract from "Inp_Outp_Sheet" of LIC External Template.

  • Discount Rates and Terms of New Debt1/Discount Interest Grace Loan Grant rate rate period Maturity element, %Multilaterals IMF (PRGF)5.0%0.5%5.010.025.9IDA5.0%0.8%10.040.056.9Others5.0%3.0%5.015.014.6Official Bilaterals Paris Club5.0%3.0%72018.4Non-Paris Club5.0%3.5%51510.9Commercial5.0%8.0%16-8.01/Extract from "Inp_Outp_Sheet" of LIC External Template.

  • FCUCU offers affordable short-term loans through its Grace Loan Program as an alternative to predatory payday loans that the fringe financial services industry target markets to African-American and Latino communities.

Related to Grace Loan

  • 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.

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

  • 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.

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement

  • 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.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Default Loan shall have the meaning provided in Section 5.2(b)(1).

  • 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.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • LIBOR Revolver Loan a Revolver Loan that bears interest based on LIBOR. License: any license or agreement under which an Obligor is authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.