Loan Limit definition

Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

Loan Limit for any member means the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this article.

Loan Limit means, as to each Borrower, at any time, the amount equal to the Maximum Credit minus the then outstanding principal amount of the Loans and the Letter of Credit Accommodations provided to the other Borrowers.

Examples of Loan Limit in a sentence

• Loan limit is 90 percent of purchase price of the property or 80 percent of the appraised value of property; for rehabilitation projects, loans are capped at 80 percent of post- rehabilitation appraised value of the property or 100 percent of project costs.Case Studies: Applicable to the three case study properties, however, project owned by a business entity or individual would only be eligible for a loan if private sector financing cannot be obtained for proposed project.

• Loan limit" means, for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation as determined under the provisions of this chapter.

• For buyers with incomes of less than 100% of AMI, the DALP Loan limit is $210,000.

More Definitions of Loan Limit

Loan Limit means, for a member, the maximum amount subject to loan call at any one time by the corporation to the member as provided in the loan call agreement.

Loan Limit means the limit of the loan principal provided by the lender to the borrower within the valid period of the limit set forth herein. Within the valid period of limit and the loan limit, the borrower may cyclically use the loan, provided that the sum of the loan amount requested by the borrower and the balance of the loan principal outstanding hereunder may not exceed the loan limit. When the valid period of limit expires, the unused loan limit shall automatically expire.

Loan Limit means for all Lenders the least of (i) the Aggregate Maximum Credit Amount, (ii) the Borrowing Base and (iii) the Elected Commitment Amount, and for any Lender the least of (x) its Applicable Percentage of the Aggregate Maximum Credit Amount, (y) its Applicable Percentage of the Borrowing Base and (z) its Commitment Amount.

Loan Limit means the maximum amount permitted to be outstanding at one time on loans made by a member to a corporation.

Loan Limit means, for any member, the maximum amount permitted to be outstanding at any one time on loans made by any such member to a development corporation, as determined herein.

Loan Limit shall have the meaning specified in paragraph 1 of Exhibit A.

Loan Limit has the meaning specified therefor in Section 2.4(c)(i).