Loan obligation definition

Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

Loan obligation means a bond, note, or other evidence of obligation issued by a project sponsor to evidence its indebtedness under a loan agreement with respect to a loan.

Loan obligation means that amount of Bonds issued by the Bank which shall be equal to the principal amount of Municipal Bonds outstanding of a Governmental Unit, as certified to the Trustee by the Bank.

Examples of Loan obligation in a sentence

• This account shall be maintained as long as the Loan obligation remains unsatisfied.

• The forgiveness amount is de- ducted from the aggregate amount of the borrower’s subsidized or unsub- sidized Federal Stafford or Federal Consolidation Loan obligation that is outstanding after the borrower com- pletes his or her fifth consecutive com- plete academic year of teaching as de- scribed in paragraph (c) of this section.

• This account shall be maintained, and is subject to review and audit by Lender, as long as the Loan obligation remains unsatisfied.

• The Borrower expects that a portion of the costs of the Project will be reimbursed to the Joint Meeting by the United States Federal Emergency Management Agency, which reimbursement shall thereupon be disbursed by the Joint Meeting to the I-Bank on behalf of the Borrower, as provided by the terms of the Agreement, for purposes of prepaying or repaying all or a portion of the Loan obligation of the Borrower hereunder in accordance with the terms and provisions of this Note.

• At maturity or upon acceleration of maturity by reason of default, the entire Loan obligation including all principal, interest and advancements ("Obligations") shall bear interest until paid at the Default Rate in effect at the time of maturity or acceleration of maturity, as the case may be.

More Definitions of Loan obligation

Loan obligation and “Loan Obligations”: Any Whole Loan or Senior Participation acquired by the Issuer in accordance with the provisions of this Indenture.

Loan obligation means any debt incurred by an Eligible Owner and secured by

Loan obligation means a bond, note, or other evidence of obligation issued by a local government to evidence its indebtedness under a loan agreement or otherwise with respect to a loan.

Loan obligation. Each Whole Loan or Participation identified on Exhibit A hereto.

Loan obligation means the total amount owing from time to time by the Company, excluding any amount owing by the Company in respect of its share capital, the aggregate of the amounts transferred in terms of the Act to the reserves and provisions of the Company and any debt to be discharged from monies in the Levy fund referred to in Article 9 of the MOI.

Loan obligation means the total amount of any balance outstanding with respect to all Advances, including any accrued but unpaid interest, as well as any costs of collection and reasonable attorney’s fees and costs payable pursuant to this Agreement. The Client may prepay the Loan Obligation in whole or in part without penalty at any time.

Loan obligation means any evidence of indebtedness or other obligation to repay a loan, acquired by the District pursuant to the Loan Agreement, which is issued by a Public Entity and payable from taxes, non-ad valorem sales taxes, or from rates, revenues, charges or assessments, or distributions of revenue pursuant to a state appropriation or statutory or constitutional provision, or payable from a pledge of property, or other amounts.