Notice of Loan Conversion definition

Notice of Loan Conversion means a written notice to be delivered not less than fifteen (15) days prior to the Loan Conversion Date by the Servicer to the Issuer, the Trustee, the Borrower, the Construction Phase Credit Facility Provider and Freddie Mac (i) stating that the Conditions to Loan Conversion have been satisfied on or before the Forward Commitment Maturity Date or, if any Condition to Loan Conversion has not been satisfied on or before the Forward Commitment Maturity Date, stating that such Condition to Loan Conversion has been waived in writing by Freddie Mac (if a waiver is permitted) on or before the Forward Commitment Maturity Date, (ii) confirming the Loan Conversion Date and (iii) providing an update, as and if necessary, to the schedule of deposits to the Principal Reserve Fund provided for in the Reimbursement Agreement.
Notice of Loan Conversion as defined in Section 2.4(b).

Examples of Notice of Loan Conversion in a sentence

  • Each Notice of Borrowing, Notice of Loan Conversion and Notice of Interest Period Selection shall be given by Borrower to Agent's office located at the address and at the telephone number referred to above during Agent's normal business hours; PROVIDED, HOWEVER, that any such notice received by Agent after 11:00 a.m. on any Business Day shall be deemed received by Agent on the next Business Day.

  • Mortgage RateNote/Mortgage/Loan Agreement (including the Notice of Loan Conversion Election, if any)1 With respect to the portfolio of mortgaged properties identified on the Data File as “iStar Leased Fee Portfolio,” we were instructed by representatives of the related Mortgage Loan Seller to compare the Property Address, Property City, Year Built, Year Renovated and No. of Units for the related mortgaged properties to the Safety, Income and Growth, Inc.


More Definitions of Notice of Loan Conversion

Notice of Loan Conversion means a Notice of Revolving Loan Conversion.

Related to Notice of Loan Conversion