Loan Security definition

Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan. “Loan Term” means the repayment period of the loan.

Loan Security means all assets now or from time to time hereafter encumbered or subjected to a security interest or charge (or intended or required so to be pursuant to this Agreement or any other Loan Agreement) to secure the payment or performance of any of the Loan Obligations, including without limitation the assets described or referred to in Sections 6.1 and 6.2 hereof.

Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan.

Examples of Loan Security in a sentence

• The failure to give notice of the transfer also means that the Seller can agree with the Borrowers, the Insurance Companies or the other collateral providers to vary the terms and conditions of the Loans, the Mortgages, the Insurance Policies or the other collateral and that the Seller in such capacity may waive any rights under the Loans, the Loan Security and the Additional Security.

• None of the Issuer, the Security Agent or the Administrator have made or caused to be made nor will any of them make or cause to be made, any enquiries, investigations or searches to verify the details of the Loans or the Loan Security, or to establish the creditworthiness of any Borrower, or any other enquiries, investigations or searches which a prudent purchaser of the Loans would ordinarily make, and each will rely instead on the representations and warranties given by the Seller in the MLSA.

• Generally, where a Loan is only partly secured by a Mortgage, the Borrower of the relevant Loan or a third party provider of Loan Security may have granted a mortgage mandate.

• These representations and warranties will be given in relation to the Loans, Loan Security, Additional Security and all rights related thereto.

• This schedule contains summary financial information extracted from the financial statements of Flagstar Companies, Inc.

More Definitions of Loan Security

Loan Security means a security held solely for the purposes of a moneylending agreement;

Loan Security. Section 6.1. "Management Agreement" Section 7.13. "Maximum Amount of Credit" Section 2.1.1. "Maximum Leverage Ratio" Section 7.10.1. "Offshore Rate" Section 3.3.1. "Partnership Agreement" Section 7.13. "Payment Date" Section 3.1. "Permitted Liens" Section 7.7. "Plan Assets" Section 7.16. "Pledged Indebtedness" Section 6.1.4.(c) "Pledged Rights" Section 6.1.4.(b) "Pledged Securities" Section 6.1.4.(c) "Pledged Stock" Section 6.1.4.(a) "Secured Obligations" Section 6.1 "Swap Contracts" Section 3.5

Loan Security means all accepted letters of offer, loan agreements, promissory notes, debentures, mortgages, hypothecations, pledges, assignments and security agreements of any kind which the Agent may hold at any time as security for the payment of the Principal Sum and all agreements amending, tending or renewing those security instruments. The Guarantor has read all of the Loan Security held by the Agent as of the date of this Guarantee.

Loan Security. All loans will be secured by a UCC-1 filing, and otherwise these loans will be treated as unsecured loans from an underwriting perspective. Loans will also be indirectly secured by the pledge of loan loss reserve funds. Loan Repayment: Repayment will be expected to come from the borrower’s monthly income. Borrowers will be fully obligated to repay the credit via the promissory note and any associated filing to perfect the Bank’s interests. Should the borrower default on repayment, the Loss Reserve Account will be drawn upon to cover a portion of the loss. Underwriting Criteria: See Schedule 1, [ ] Bank’s Loan Criteria. Loan Origination Procedures & Schedule: • Loan applications must be submitted to one of [ ] Bank’s branches located in [ ] County. • Applications may be submitted in person, by fax, by email, or by mail. The application must note the street address of the subject property. • Accompanying the application will be the following: o Statement of intended work from the [Partner], listing the work to be performed, the estimated cost, and the needed loan amount.

Loan Security. As set forth in the Commitment, Bank has agreed to make a term loan to Borrower in the principal face amount of Six Million Five Hundred Thousand and No/100 Dollars ($6,500,000.00). The obligation to repay the Loan is evidenced by the Note having a maturity date, repayment terms and interest rate as set forth in the Note. The Loan shall be used by Borrower to acquire the Equipment and to reimburse Borrower for advances and additional deposits paid to Unisys. The Loan shall be secured by the Collateral described in the Security Agreement including, without limitation, the Equipment, the Termination Fee and the Service Payments, whether such Termination Fee and Service Payments constitute Accounts or General Intangibles.

Loan Security. This loan is secured by certain property ( "Security") of Borrower or Other Parties. By signing this Agreement and the other loan documents Borrower and Other Parties consent to give this Security for the Loan. This means that Lender may use the Security to pay the Loan if Borrower defaults. Borrower has provided the following Security First Mortgage on the real property described in Paragraph 3 above and all blanket first lien security interest in all personal property of the Borrower. Borrower and Other Parties agree to execute any documents necessary to provide the Security and to enable Lender to perfect its security interest now and throughout the term of the Loan.

Loan Security means all assets now or from time to time hereafter subjected to a security interest, mortgage or charge (or intended or required so to be subjected pursuant to this agreement or any other Loan Document) to secure the payment or performance of any of the Obligations, including the assets described in the Pledge Agreement.