Loan Business definition

Loan Business means the making of Loans by the Company, whether made directly or indirectly through any Loan Sub(s).
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Loan Business means the business of the Subsidiary Guarantors in engaging in (a) the consumer finance business and mortgage loan business, (b) with respect to any REIT Guarantor, such activities as may be necessary, appropriate or permissible, consistent with its status as a real estate investment trust under Sections 856 through 860 of the Code and (c) any activities that are ancillary or reasonably related to the foregoing.
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Loan Business means the making of loans by the Company from time to time, whether directly or indirectly, as described in more detail in the Memorandum.
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Examples of Loan Business in a sentence

  • For simplicity, all “Shared Expenses” are allocated 25% to the Blockchain Business and 75% to the Loan Business (i .e.

  • Special Seal for Contract of Corporate Credit Loan Business of China CITIC Bank, 1301050603014 (sealed) Shijiazhuang Zhongbo Automobile Co., Ltd.

  • Further, the Company may make one or more Loans indirectly via a joint-venture or similar arrangement provided the same would not subject the Company (or any of its affiliates) to registration under the Investment Company Act.In conducting the Loan Business, the Company will establish specific underwriting criteria (the “Underwriting Criteria”) with respect to the making of the Loans.

  • With respect to the principal amount of such Loans, however, the Company intends to reinvest all such funds into the Loan Business and to use the same, together with then-available additional funds (if any), to make subsequent Loans.

  • The Company’s Loan Business will consist of the making of mid-term (i.e. 3-7 yr.), asset-backed (primarily real estate-backed), interest-bearing loans (each a “Loan”) to cannabis growers, producers, and retailers, as well as landlords seeking to develop and lease property to such persons.

  • In fact, in the Board’s opinion it would not be advantageous, or otherwise profitable, to engage in the Loan Business if the Company were required to obtain such high cost outside financing to fund the subject Loans.

  • Without limiting the generality of the foregoing, the Company intends to use a majority of the proceeds of the Offering to operate the Loan Business and to make Loans.

  • Without limiting the generality of the foregoing, it is the contention of the Company that the performance of it Loan Business will fall under one or more of the exemptions set forth in Sections 3(b) of the Investment Company Act.

  • The feasibility, and anticipated profitability, of the Company’s Loan Business is based on the laws and regulations governing the legal production and sale of cannabis-based products as they exist today.

  • Installment Loan Business: Number of contracts with receivables outstanding.


More Definitions of Loan Business

Loan Business the business to be entered into by any one or more of LCI and LINC Capital Partners, Inc. after the date hereof of making Finished Goods Inventory Loans and Receivables Loans to Obligors.
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Related to Loan Business

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Qualified business facility means any building, complex of

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Engaging in business means commencing, conducting, or continuing in business, and liquidating a business when the liquidator thereof holds itself out to the public as conducting such business. Making a casual sale is not engaging in business.

  • Minority Business means a business:

  • Micro Business means a company which either:

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Qualified business means an eligible business that:

  • Excluded Business has the meaning set forth in Section 6.10.

  • Distribution Business means the business of operating and maintaining a distribution system for supplying electricity in the area of supply of the Distribution Licensee;

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Women Business Enterprise (WBE) as used in this policy means a business enterprise that meets all of the following criteria:

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;