Pending Loan definition

Pending Loan has the meaning specified in Section 4.15(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.

  • Rate Change Report Daily Loan History Cards As Requested Purged Loan Report Annually Renewed Loan Report Daily Platform Pending Loan Report Daily Dealer Loan Report As Requested Loan Coupon Report Weekly On-Line Call Reports As App.

  • 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.

  • In the case of ▇▇▇▇▇’▇, a Loan as to which the Servicer shall have applied for a ▇▇▇▇▇’▇ Credit Estimate and shall have provided to ▇▇▇▇▇’▇ all the information that is required to provide such a ▇▇▇▇▇’▇ Credit Estimate, provided such Loan shall cease to be a Rating Pending Loan with respect to ▇▇▇▇▇’▇ on the date on which ▇▇▇▇▇’▇ shall have provided, or declined to provide, such ▇▇▇▇▇’▇ Credit Estimate.

  • The Target Group does not have any material liabilities or obligations other than such liabilities and obligations (i) set forth on or reserved against in the Financial Statements, (ii) arising in the ordinary course of business since June 30, 2020, (iii) that are executory obligations arising in the ordinary course of business under any Contract (and not as a result of any breach thereof), and (iv) contained in any Loan Documents or any Pending Loan Modification.

  • 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 ▇▇▇▇▇’▇ Rating Factor higher than the ▇▇▇▇▇’▇ 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.

  • Workshops have been held with government and non-government stakeholders to inform strategic policy that will address gaps and opportunities to prevent and respond to young people who may experience or engage in relationship, family or sexual violence.

  • 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 ▇▇▇▇▇’▇ Rating Factor higher than the ▇▇▇▇▇’▇ Rating Factor assigned to such Rating Pending Loan under clause (C)(I) of the definition of ▇▇▇▇▇’▇ Default Probability Rating or (ii) failed to receive a ▇▇▇▇▇’▇ Credit Estimate within 90 days following the date the Borrower acquired such Loan.