Examples of Loan Option in a sentence
Notwithstanding the foregoing, no Holder, as lender, shall exercise or be permitted to exercise the New Mezzanine Loan Option (as defined in the Loan Agreement).
The index is the regular fixed-rate advance rate for the period corresponding to the fixed rate loan option period that Borrower selects, as published by the Federal Home Loan Bank of Des Moines on the last business day of the month prior to the month in which Borrower delivers a completed Fixed Rate Loan Option - Draw Request to Lender, rounded up to the nearest 0.10%.
The margin is set forth in Schedule A - Fixed Rate Loan Option Rates.Discounted Rate and/or Discounted Margin.
The fixed rate will be determined as follows: The periodic rate on each fixed rate loan option and its corresponding ANNUAL PERCENTAGE RATE will be shown on Schedule A - Fixed Rate Loan Option Rates attached to the Fixed Rate Loan Option - Draw Request.
Commented [JE2]: Xxxxx to provide alternative language for Contractor to provide notice to PCEA.
For example, the repayment period for a fixed rate loan option based on the Three-Year Fixed Rate (defined in Schedule A - Fixed Rate Loan Option Rates attached to the Fixed Rate Loan Option - Draw Request) will be thirty-six months.
In the case of the renewal of a Term Rate Loan Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.
Review a sample of disbursements to students and verify that they were made or returned in accordance with required time frames and for Direct Loan Option 1 and standard origination institutions, only to the students listed on the Actual Disbursement Roster.
Direct Loan Option 2 schools and grantees can redistribute drawn amounts between grant awards by making adjustments in G5 to reflect actual disbursements for each award as long as the net amount of the adjustments is zero.
There are two interest rate options for borrowings under the Facility, the Base Rate Loan Option and the Eurodollar Rate Loan Option.