Loan Factor definition

Loan Factor is the percentage which results from amortizing the Equipment Advance over the Repayment Period, using the Basic Rate as the interest rate.
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Loan Factor means, with respect to each Loan, the amount set forth as a percentage in the Loan Terms Schedule with respect to such Loan, calculated using the Basic Rate applicable to such Loan.
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Loan Factor is the percentage which results from dividing (i) the monthly Scheduled Payment with respect to the applicable Equipment Advance by (ii) the original principal amount of such Equipment Advance.
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Examples of Loan Factor in a sentence

  • On each Funding Date, Bank will specify in the Loan Supplement for each Equipment Advance, the Basic Rate, the Loan Factor, and the Payment Dates.

  • The Loan Factor shall be calculated in a manner to fully amortize the Loan over the Repayment Period applicable to such Loan in equal periodic installments of principal and interest.

  • The Loan Factor and Loan Values applicable to each Loan shall be conclusive in the absence of manifest error.

  • Each Loan Terms Schedule shall establish the Loan Factor and Loan Values with respect to such Loan.

  • The Loan Factor and schedule of Stipulated Loan Values applicable to such Loan shall be set forth in the Loan Agreement Supplement prepared by Lender with respect to such Loan and shall be conclusive in the absence of a manifest error.


More Definitions of Loan Factor

Loan Factor is the percentage which results from amortizing the Option 2 Loan or Option 4 Loan, as applicable, over the Equipment Loan Repayment Period, using the Option 2 Basic Rate or the Option 4 Basic Rate, respectively, as the interest rate as set forth in the applicable Loan Supplement.
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Loan Factor shall be equal to the product of (A) 0.1, multiplied by (B) the number of calendar months (with any fraction of a calendar month to be considered to be a whole calendar month) that any amounts under the Loan, whether principal, interest or otherwise, remain outstanding after December 31, 1998.
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Loan Factor. “Permitted Indebtedness”, “Permitted Investments”, “Repayment Period” and “Revolving Maturity Date” set forth in Section 13.1 of the Loan Agreement are amended and restated in their entirety as follows:
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Loan Factor means 3.0913%.
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Loan Factor is the amount set forth as a percentage in the Loan Supplement calculated using the Basic Rate.
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Loan Factor. With respect to each HERF Collateral Obligation on any date:
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Loan Factor means the percentage set forth following such term on the cover page of this Agreement.
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