No Loan definition
No Loan has an Outstanding Principal Balance of more than [POUND]500,000.
No Loan has an indexed LTV higher than 100% as at the relevant Assignment Date (or such other maximum LTV as may be specified from time to time for the purposes of Article 243 of the UK Capital Requirements Regulation).
No Loan has an Outstanding Principal Balance of more than(pound)350,000.
Examples of No Loan in a sentence
No Loan Party is required to be registered as an “investment company” under the Investment Company Act of 1940.
More Definitions of No Loan
No Loan or any part of it (in the case of paragraphs (a) and (c) below, excluding Flexible Loan Drawings (if any), Delayed Cashbacks, Home Cash Reserve Drawings and any other Further Advances):
(a) is or has ever been a regulated agreement within Section 8 of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time);
(b) is or has ever been a linked transaction within Section 19 of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time);
(c) is to be or has ever been treated as a regulated agreement under Section 82(3) of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time or otherwise); or
(d) is or has ever been or may become liable to be re-opened on the ground that the credit bargain is extortionate under Sections 137 to 140 of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time).
No Loan or any part of it (in the case of paragraphs (a) and (c) below, excluding Flexible Loan Drawings (if any), Delayed Cashbacks, Home Cash Reserve Drawings and any other Further Advances):
(a) is or has ever been a regulated agreement within Section 8 of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time);
(b) is or has ever been a linked transaction within Section 19 of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time);
(c) is to be or has ever been treated as a regulated agreement under Section 82(3) of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time or otherwise); or
(d) is or has ever been or may become liable to be re-opened on the ground that the credit bargain is extortionate under Sections 137 to 140 of the Consumer Credit Act 1974 (as amended, extended or re-enacted from time to time).