Gross Loan Amount definition

Gross Loan Amount means the total amount of principal that is to be advanced pursuant to the Loan documents executed by the Lender and a Borrower. With respect to a Loan made pursuant to a line of credit agreement between the Lender and a Borrower, the Gross Loan Amount shall equal the maximum stated amount of principal that may be advanced under the terms of such agreement.
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Examples of Gross Loan Amount in a sentence

  • The minimum Gross Loan Amount shall be as stipulated in the second row of Schedule 3 of these Terms and Conditions.

  • An Eligible Healthcare Provider may apply for a Cash Advance or Mobile Asset Finance by submitting a Loan Application in respect of a Loan Amount that is not less than the prescribed minimum Gross Loan Amount or more than the prescribed maximum Gross Loan Amount.

  • The Borrower shall ensure that the Gross Loan Amount together with all Interest accrued thereon is repaid within the maximum tenor that is stipulated in the fourth row of Schedule 3 of these Terms and Conditions from (and including) the date of disbursement of the Cash Advance or Mobile Asset Finance (the Maximum Tenor); and The Borrower shall be entitled to make any additional or enhanced repayments of the Loan Balance, without penalty, prepayment charges or prepayment fees.

  • However, the Lender may at its option charge the Borrower a loan origination fee provided that the total fees paid by the Borrower in connection with the Registered Loan cannot exceed four percent (4.0%) of the Gross Loan Amount thereof, excluding closing costs.

  • No additional Loss Reserve Funds shall be deposited into the GCCR Account by the Program Manager in connection with any increase in the Gross Loan Amount.

  • Borrower: Guarantors: New Borrower, LLC ▇▇▇▇ and ▇▇▇▇ ▇▇▇ Loan Amount: Land Purchase $839,587.00 Title Legal $5,000.00 (Estimated) $8,000.00 (Estimated) Broker Fee $10,525.77 MB Loan Servicing Fee $63,154.59 Interest Reserve (360 days) $126,309.19 Gross Loan Amount $1,052,576.55 Term: This loan shall be for an initial term of 360 days.

  • The Lender may include the allowed loan origination fee in the Gross Loan Amount if the Borrower and Lender so agree.

  • The allowable amount of the Claim shall equal the amount of the principal and accrued interest charged off by Lender on the Registered Loan together with Lender's reasonable out-of-pocket expenses provided, however, that the amount of the Claim shall not exceed the Gross Loan Amount as stated in the Loan documents at the time of registration.

  • The Lender may charge an additional origination fee for the extension, renewal or refinance of a Registered Loan, however the total fees paid by the Borrower in connection therewith cannot exceed four percent (4.0%) of the Gross Loan Amount thereof, excluding closing costs.

  • A Registered Loan may be extended, renewed and refinanced provided that any increase in the Gross Loan Amount of the Registered Loan shall not cause the Gross Loan Amount thereof to exceed $100,000, unless approved in writing by the Program Manager.