New Loan Account definition

New Loan Account means an account maintained by Lender in it’s books to record all payments made by Borrower, and all other debits and credits as provided in this Agreement with respect to the New Loan or any other Obligations. All entries in the New Loan Account shall be made in accordance with Lender’s customary accounting practices as in effect from time to time.
Sample 1

Examples of New Loan Account in a sentence

  • Lender shall render to Borrower a monthly accounting of transactions with respect to the New Loan setting forth the balance of the New Loan Account as to Borrower for the immediately preceding month.

  • All entries in the New Loan Account shall be made in accordance with Lender’s customary accounting practices as in effect from time to time.

  • The balance in the New Loan Account, as recorded on Lender’s most recent printout or other written statement, shall, absent demonstrable error, be presumptive evidence of the amounts due and owing to Lender by Borrower; provided that any failure to so record or any error in so recording shall not limit or otherwise affect any Borrower’s duty to pay the Obligations.

  • Lender shall maintain a New Loan Account on its books to record all payments made by Borrower, and all other debits and credits as provided in this Agreement with respect to the New Loan or any other Obligations.

Related to New Loan Account

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Loan Account has the meaning set forth in Section 2.10.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Borrower’s Account shall have the meaning set forth in Section 2.8.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Custodian Account means an account subject to a Custodian Agreement.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • 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.

  • Revolver Note means any one of such Revolver Notes.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Credit Card Advance Rate means 90%.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Lender’s Account means the account identified in Schedule L-1.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Construction Loan Agreement means the Construction Loan Agreement between Lender and Borrower for construction on the Land.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Noteless Loan means a Loan with respect to which (i) the related loan agreement does not require the obligor to execute and deliver an Underlying Note to evidence the indebtedness created under such Loan and (ii) no Underlying Notes are outstanding with respect to the portion of the Loan transferred to a Fund.