No Loan definition

No Loan has an Outstanding Principal Balance of more than [POUND]500,000.
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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).
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No Loan has an Outstanding Principal Balance of more than(pound)350,000.
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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).
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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).
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Related to No Loan

  • the ordinary course of business means matters connected to the day-to- day supply of goods and/or services by the OverDrive business or the KKR business and does not include matters involving significant changes to the organisational structure or related to the post-merger integration of the OverDrive business and the KKR business;

  • Lessee in ordinary course of business means a person who in good faith and without knowledge that the lease to him or her is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods leases in ordinary course from a person in the business of selling or leasing goods of that kind but does not include a pawnbroker. "Leasing" may be for cash or by exchange of other property or on secured or unsecured credit and includes acquiring goods or documents of title under a pre-existing lease contract but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • Buyer in ordinary course of business means a person that buys goods in good faith, without knowledge that the sale violates the rights of another person in the goods, and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices. A person that sells oil, gas, or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may acquire goods or documents of title under a preexisting contract for sale. Only a buyer that takes possession of the goods or has a right to recover the goods from the seller under article 2 may be a buyer in ordinary course of business. The term does not include a person that acquires goods in a transfer in bulk or as security for or in total or partial satisfaction of a money debt.