New Loan definition

New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

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New Loan means Loans, other than the Loans comprised in the Initial Covered Bond Portfolio, which the Seller may assign or transfer to the Guarantor after the First Transfer Date pursuant to the Mortgage Sale Agreement and “New Loans” means more than one New Loan;

New Loan has the meaning set forth in Section 2.18(b).

Examples of New Loan in a sentence

Borrowers shall pay to Administrative Agent (for the account of Administrative Agent, any Affiliate of Administrative Agent and/or Lenders as they may determine) (a) the New Loan Structuring Fee on the Restatement Closing Date and (b) all other fees and other amounts due under any Fee Letter in the amounts, to the payees and at the times specified in such Fee Letter.
Administrative Agent may (or may not in its sole discretion) request that Borrowers execute and deliver to Administrative Agent, on or before the Restatement Closing Date, a borrowing request relating to the New Loan in the form of Exhibit J attached hereto and incorporated herein by reference, and, if such request is made, Borrowers shall promptly comply with such request.
Each such notice shall specify (A) the Business Day on which such prepayment will be made and (B) if such prepayment is not made with respect to a Disposition or a New Project Refinancing, whether it is a prepayment of the Existing Loan or the New Loan, and (C) the aggregate unpaid principal balance of the applicable Loan to be prepaid.

More Definitions of New Loan

New Loan means the terms of the revised loan are at least as favorable to the credit union (i.e., terms are market-based, and profit driven) as the terms for comparable loans to other customers with similar collection risks who are not refinancing or restructuring a loan with the credit union, and the revisions to the original debt are more than minor.

New Loan has the meaning specified in Section 2.12(a).

New Loan means an Eligible Loan that Seller proposes to be included as a Purchased Loan.

New Loan. This contract is contingent on Buyer obtaining financing. Within thirty (30) days after the effective date of this contract Buyer shall apply for all financing and make every reasonable effort to obtain financing approval. If financing or assumption approval is not obtained within thirty (30) days after the effective date hereof, this contract will terminate, and the ▇▇▇▇▇▇▇ money will be refunded to Buyer, and the property may be re-listed for sale or a Purchase Agreement with another party may be executed by Seller.

New Loan means a Financed Student Loan which (i) is made by an eligible lender under the Higher Education Act to a Borrower who is not a Borrower under any Initial Financed Student Loan, (ii) is made under a loan program which existed as of the Closing Date, and (iii) is guaranteed by a Guarantor.

New Loan has the meaning ascribed thereto in Section 3.01(c) hereof;

New Loan means a newly initiated loan instrument designed to finance new investments or working capital, to the exclusion of refinancing of: (i) existing loans or of (ii) other forms of financing;