Loan Discount definition

Loan Discount shall have the meaning set forth in Section 2.03.

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Loan Discount means, as of any date of determination with respect to each Discount Value Loan, the dollar amount determined by multiplying (a) the percentage identified on Schedule 2.4(b) as the discount for such Discount Value Loan times (b) the Book Value of such Discount Value Loan on such date.

Loan Discount means a decision made by the DEQ and ODOC under OAC 252:221, to allow a borrower to repay less than the full amount of a loan, subject to certain restrictions.

Examples of Loan Discount in a sentence

• Loan Discount Fees not exceeding % of the Loan shall be paid at closing by .

• Bank acknowledges and agrees that Sunlight shall retain from the Required Retained Loan Funding Amount the Required Retained Loan Discount Amount and disburse the remaining amounts to the relevant Dealer in accordance with the Program requirements.

• The Loan Discount is to cover prior General Valuation Allowance (GVA) for future losses established on the total of the Transferred Loans on the books of the Seller to meet the requirements of Generally Accepted Accounting Principles, and general and specific allowance requirements.

• To the extent operating income and such Capital Contributions of IGC LP are insufficient, IBC shall make a Working Capital Loan to the Partnership to pay such Permanent Loan Discount.

• All of the disclosure furnished by or on behalf of the Company to the Purchaser regarding the Company and its Subsidiaries, their respective businesses and the transactions contemplated hereby, including the Disclosure Schedules to this Agreement, is true and correct and does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading.

• Any Permanent Loan Discount payable after the cut-off date for HUD cost certification purposes shall be paid out of Capital Contributions to be made by IGC LP as provided in the preceding Section 14(c).

• Accordingly, the ▇▇▇▇▇ Agreement provides for the payment of permanent loan discounts or financing fees upon the sale and assignment of the FHA Loan ("Permanent Loan Discount").

• In no event shall the Loan Discount with respect to all of the Transferred Loans be greater than $170,000.

• The term Permanent Loan Discount shall also mean any such discount payable by the Partnership in connection with any subsequent sale or assignment of the FHA Loan.

• This Loan Discount Letter shall be construed in accordance with and governed by the law of the State of New York.