LOAN OPTIONS definition
LOAN OPTIONS means any Option (as defined in these Rules) and any option to acquire a Share held by an Eligible Person or their Permitted Nominee;
LOAN OPTIONS. The Lender may offer secured and unsecured short- and intermediate-term loans including lines of credit with maturities up to 7 years or, in some instances, 10 years, installments can be paid monthly, quarterly, semi-annually, annually, or according to other irregular repayment plans as may be agreed upon by the Borrowers and the Lender. Interest rates may be variable at the option of the Lender, fixed for a specified period and then variable adjustable at specified intervals with the rate determined either at Lender’s discretion or in accordance with the prime index or LIBOR Index, or fixed for the term of the Loan. Some loan options are subject to certain conditions and are not available to all borrowers for all purposes. In addition, loan options, including Interest rates, may vary by location and time period. The availability of any loan option is subject to change at any time at the discretion of the Lender. If the Lender is an ACA or FLCA, Lender also offers long-term real estate loans with maturities of 5 to 40 years secured by agricultural real estate or rural homes, interest rates may be fixed for the term of the loan, variable at the option of the Lender, or adjustable at specified intervals with the rate adjusted either at Lender’s discretion or in accordance with Federal Farm Credit Banks Funding Corporation rates or the prime Index or LIBOR Index. These reel estate mortgage loan options are subject to the same conditions, limitations, and varying availability as mentioned above for the short- and intermediate-term loans.
LOAN OPTIONS. Lender offers the following types of loans: