Pending Loan definition

Pending Loan has the meaning specified in SECTION 5.15(B).
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Pending Loan means a Mortgage Loan to be FUNDED PURSUANT TO A CHECK drawn on the Austin Funding Account - Checks (on or after the Conversion Date) or the Austin Controlled Disbursement Account (prior to the Conversion Date) from the time of the delivery to Bank of the Mortgage Loan Documents (required pursuant to SECTIONS 2.3 and 3.2 hereof) accompanied by a Delivery Commitment Certificate relating to such Mortgage Loan until such time as (i) such check has been PRESENTED by the payee to Frost National Bank for payment, (ii) the requested Advance related to such check has been FUNDED by Bank to such account and (iii) such check has been HONORED by Frost National Bank.
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Examples of Pending Loan in a sentence

  • The Participating Lender must submit form DOT F 2306–1 Pending Loan Sta- tus Report and form DOT F 2305–1 Guaranty Loan Status Report.

  • Treatment of Existing Loans and Pending Loan ApplicationsTo date, there are three existing approved loans.

  • Notary Public In and For the State of My Commission expires (End of Appendix 2) Appendix 3 APPENDIX 3Broadband Revolving Loan AccountTreatment of Existing Loans and Pending Loan Applications BackgroundSenate Bill SB 1040 (Padilla )1 expanded the California Advanced Services Fund (CASF) to include the Broadband Infrastructure Revolving Loan Account (Loan Account).

  • At the end of each quarter, the TSP will send each submitting payroll office a report listing their participants who have been sent the Pending Loan Default Notice.

  • The College Financial Plan simplifies costs and financial aid information so that students can easily understand, compare, and make informed decisions.- Pending Loan Process – Clayton State is working with other institutions to determine a student's loan eligibility when they have pending loans that have not been canceled by the other institution.

  • It can train people, provide*Principal studies included Developing a Loan Guarantee Pro- gram, Fundamentals of Loan Guarantees, Analysis of Proposed SFZP Guarantee to ECO GAIA, Analysis of Pending Loan Guaran- tees by the SFZP, A Review of Operations and Procedures of the SFZP, Guidelines for Credit Policy, Guidelines for Credit Proce- dures, and Guidelines for Credit Analysis.†$57.6 million ÷ 80% = $72 million.

  • Note : This alert includes all loan applications with any of the following statuses:  Approved Pending Funding;  Funded; Funded Pending Loan Number.

  • Pending Loan SalesThere are two other loans 7A SBA loans that were issued pre-receivership and which the Receiver is ready to sell the 75% guarantee if the SBA and the Court approve the sale.

  • Without limiting the generality of the foregoing, Buyers and Sellers agree and acknowledge that a Loan Entity shall not be obligated to conduct any activities in any jurisdiction, including pursuant to Section 2.05(b) hereof in the event that such Loan Entity fails to obtain any Permit necessary to perform any activities in connection with a Pending Loan Syndication.

  • With respect to any Annual Period, from and after the Third Restatement Effective Date, a test that is satisfied so long as no more than two Rating Pending Loans either (i) received a Xxxxx’x Rating Factor higher than the Xxxxx’x Rating Factor assigned to such Rating Pending Loan under clause (C)(I) of the definition of Moody’s Default Probability Rating or (ii) failed to receive a Moody’s Credit Estimate within 90 days following the date the Borrower acquired such Loan.

Related to Pending Loan

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Existing Loan means the loan identified on Exhibit H.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Covenant-Lite Loan means a Bank Loan that does not require the borrower thereunder to comply with any financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) (regardless of whether compliance with one or more incurrence covenants is otherwise required by such Bank Loan).

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Term Loan as defined in Section 2.1.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • Eurodollar Loan means a Loan which bears interest at a Eurodollar Rate.

  • 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.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.