Loan origination means the time of inception of the obligation to extend credit, or when the last event or prerequisite, controllable by the lender, occurs causing the lender to become legally bound to fund an extension of credit.
Loan origination means the time of incep- tion of the obligation to extend credit (i.e., when the last event or prerequisite, control- lable by the lender, occurs causing the lender to become legally bound to fund an extension of credit). Loan-to-value or loan-to-value ratio means the percentage or ratio that is derived at the time of loan origination by dividing an ex- tension of credit by the total value of the property(ies) securing or being improved by the extension of credit plus the amount of any readily marketable collateral and other acceptable collateral that secures the exten- sion of credit. The total amount of all senior liens on or interests in such property(ies) should be included in determining the loan- to-value ratio. When mortgage insurance or collateral is used in the calculation of the loan-to-value ratio, and such credit enhance- ment is later released or replaced, the loan- to-value ratio should be recalculated. Other acceptable collateral means any col- lateral in which the lender has a perfected security interest, that has a quantifiable value, and is accepted by the lender in ac- cordance with safe and sound lending prac- tices. Other acceptable collateral should be appropriately discounted by the lender con- sistent with the lender’s usual practices for making loans secured by such collateral. Other acceptable collateral includes, among other items, unconditional irrevocable standby letters of credit for the benefit of the lender. Owner-occupied, when used in conjunction with the term 1- to 4-family residential prop- erty means that the owner of the underlying real property occupies at least one unit of the real property as a principal residence of the owner. Readily marketable collateral means insured deposits, financial instruments, and bullion in which the lender has a perfected interest. Financial instruments and bullion must be salable under ordinary circumstances with reasonable promptness at a fair market value determined by quotations based on ac- tual transactions, on an auction or similarly available daily bid and ask price market. Readily marketable collateral should be ap- propriately discounted by the lender con- sistent with the lender’s usual practices for making loans secured by such collateral.
Loan origination means the granting of loans by an AIF as the original lender;
Examples of Loan origination in a sentence
The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Closing Date.
The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-off Date.
The Servicing File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Closing Date.
The Servicing File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-off Date.
Loan origination fees and related direct loan origination costs for a given loan should be offset and only the net amount deferred and amortized.
More Definitions of Loan origination
Loan origination or “originating a loan” means the granting of a loan:
Loan origination means the time of incep- tion of the obligation to extend credit (i.e., when the last event or prerequisite, control- lable by the lender, occurs causing the lender to become legally bound to fund an extension of credit). Loan-to-value or loan-to-value ratio means the percentage or ratio that is derived at the time of loan origination by dividing an ex- tension of credit by the total value of the property(ies) securing or being improved by the extension of credit plus the amount of any readily marketable collateral and other acceptable collateral that secures the exten- sion of credit. The total amount of all senior liens on or interests in such property(ies) should be included in determining the loan- to-value ratio. When mortgage insurance or collateral is used in the calculation of the
Loan origination or “originating a loan” means the granting of a loan directly by an AIF as the original lender or indirectly through a third party or special purpose vehicle, which originates a loan for or on behalf of the AIF, or for or on behalf of AIFM in respect of the AIF, where the AIFM or AIF is involved in structuring the loan, or defining or pre-agreeing its characteristics, prior to gaining exposure to the loan;
Loan origination. FEE: (Section 1.3) $2,000, which is due and payable at closing. (Any Commitment Fee previously paid by the Borrower in connection with this loan shall be credited against this Fee.)
Loan origination. FEE: (Section 1.3) $1,000. This fee was paid at closing. AMOUNT: Not exceeding $500,000 in the aggregate.
Loan origination. Fee shall mean the fee payable to the Agent and the Lenders (as applicable) in accordance with, and pursuant to, the provisions of Paragraph 8.7 of Section 8 of this Financing Agreement. Monogram shall mean Monogram International, Inc., a Delaware corporation, and its successors and assigns. Obligations shall mean all Revolving Loans, advances and extensions of credit made or to be made by the Agent and/or the Lenders to the Companies, or any one of them, or to others for the Companies' account (including, without limitation, all Revolving Loans and Letter of Credit Guaranties); any and all indebtedness and obligations which may at any time be owing by the Companies or any one of them to the Agent and/or the Lenders howsoever arising, whether now in existence or incurred by the Companies or any one of them from time to time hereafter; whether principal, interest, fees, costs, expenses or otherwise; whether secured by pledge, lien upon or security interest in any of the Companies' Collateral, assets or property or the assets or property of any other person, firm, entity or corporation; whether such indebtedness is absolute or contingent, joint or several, matured or unmatured, direct or indirect and whether the Companies are liable to the Agent and/or the Lenders for such indebtedness as principal, surety, endorser, guarantor or otherwise. Obligations shall also include indebtedness owing to the Agent and/or the Lenders by the Companies or any one of them under any Loan Document or under any other agreement or arrangement now or hereafter entered into between the Companies and the Agent and/or the Lenders, including, without limitation all indebtedness of any Company to any Lender or affiliate thereof arising from or relating to any instrument, document or agreement to which such Company is a party, or by which it or its property is bound, and which is designed to hedge or protect against interest rate fluctuations, such as interest rate swaps, interest rate caps, interest rate collars, and similar kinds of interest hedging products (any such indebtedness hereinafter referred to as "Hedging Debt"); indebtedness or obligations incurred by, or imposed on, the Agent and/or the Lenders as a result of environmental claims arising out of any of the Companies' operations, premises or waste disposal practices or sites in accordance with paragraph 7.7 hereof; the Companies' liability to the Agent and/or the Lenders as maker or endorser of any promissory note or othe...
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