Previous Loan definition

Previous Loan means the outstanding Home Loan to be refinanced through the proceeds of the new Home Loan made to the same borrower. A loan is a Previous Loan even though there is not complete identity between the obligors on the Previous Loan and the new Home Loan, so long as at least one borrower is obligated on both the Previous Loan and the new Home Loan. See Section 4(S)(vii) of this Regulation.
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Previous Loan has the meaning set forth in the Recitals hereto.
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Previous Loan the second legal charge mortgage loan in the amount of HK$21,000,000 granted to the Borrowers under the Previous Loan Agreement “Previous Loan Agreement” the loan agreement made between QLCG and the Borrowers for the Previous Loan on 15 April 2019 “Share(s)” share(s) in the share capital of the Company “Shareholder(s)” holder(s) of the Share(s)
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Examples of Previous Loan in a sentence

  • All Applicants who refinance a Previous Loan that was Consummated within the prior sixty (60) months must be provided with Flipping a Home Loan Disclosure Form 3 entitled “Rhode Island Home Loan Protection Act Disclosure-Tangible Net Benefit” prior to or upon Consummation of the Home Loan.

  • In order to make a loan to an Applicant that refinances a Previous Loan that was Consummated within the prior sixty (60) months the Creditor must confirm in writing and maintain a record of the tangible net benefit analysis as soon as it is determined, and, explain and provide Disclosure Form 3 to the Applicant prior to or upon Consummation of the Home Loan.

  • Further on 18 August 2016, Qijun Investment entered into an agreement (the “Capital Injection Agreement”) with Chengfu Investment and the equity holders of Chengfu Investment pursuant to which Qijun Investment shall capitalise a sum equivalent to the aggregate amount of the Previous Loan A, the Previous Loan B, the Loan A and the Loan B (collectively the “Total Loan”) as equity interest in Chengfu Investment (the “Chengfu Capital Injection”).

  • All prepayment fees or penalties that are incurred by the borrower if the Home Loan refinances a Previous Loan originated or currently held by the same Creditor or an Affiliate of the Creditor.

  • THE TERM OF YOUR NEW HOME LOAN WILL CHANGE AS FOLLOWS:FROM: (insert # of months remaining on Previous Loan) TO: (insert # of months to maturity on New Home Loan) ❑ RECEIPT OF CASH IN EXCESS OF THE COSTS AND FEES.FUNDS ARE BEING PROVIDED TO YOU OR ON YOUR BEHALF IN THE AMOUNT OF $ REPRESENTING FUNDS IN EXCESS OF COSTS AND FEES WHEN THE BORROWER RECEIVES FUNDS BEYOND THE AMOUNT REQUIRED TO PAYOFF OF EXISTING PREVIOUS LOAN(S) PLUS ALL FEES AND COSTS ASSOCIATED WITH THE HOME LOAN.

  • Previous Loan Agreements have been authorized by the Board via resolution prior to signing.

  • Flipping a Home Loan is the making of a Home Loan to a borrower that refinances a Previous Loan that was consummated within the prior sixty (60) months or five (5) years when the new loan does not have a reasonable “tangible net benefit.”Therefore, since you are refinancing your Home Loan within five (5) years of the prior loan, the Creditor∗ is required by law to meet certain guidelines.

  • Flipping a Home Loan is the making of a Home Loan to a borrower that refinances an Previous Loan that was Consummated within the prior sixty (60) months when the new loan does not have reasonable, tangible net benefits in accordance with R.

  • The Previous Note Rate of interest is reduced or in the event that more than one Previous Loan is being refinanced, the weighted average Previous Note Rate of interest is reduced.

  • Type the Previous Loan Number.4. Type the last four digits of the Social Security Number.5. Select the I’m not a robot reCAPTCHA check box.6. Answer the reCAPTCHA challenge image and click Verify.7. Click CONTINUE.8. Click Continue.


More Definitions of Previous Loan

Previous Loan means the amount available to TCZB for the provision of agricultural credit in the Project area from the proceeds of the loan provided by the Bank under the Loan Agreement between Republic of Turkey and the Bank for the Erzurum Rural Development Project, dated March 5, 1982.
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Previous Loan means a loan that you have already received under the Small Business Cashflow (Loan) Scheme, whether that loan has been repaid in full or remains outstanding (whether in full or in part).
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Previous Loan the mortgage loan with the principal sum of HK$30,000,000 granted by ETC Finance to the Customer pursuant to the Previous Loan Agreement
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Previous Loan means the Individual Loan already drawn down for which payment is due on the Preferred Drawdown Date of a New Refinancing Loan with which it is refinanced.
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Previous Loan the loan provided by the Group to Mr. Pan Kaitai amounting to approximately US$72,000 pursuant to the loan agreement entered into in 2023 for the purpose of subscription of interests in the Share Incentive Platforms pursuant to the Subsidiary Share Incentive Scheme “RMB” Renminbi, the lawful currency of the PRC “Share(s)” ordinary shares of US$0.01 each in the share capital of the Company “Shareholder(s)” holder(s) of the Share(s) of the Company “Share Incentive Platform(s)” three limited partnerships established and registered in the PRC, the general partner of all three partnerships is Xxxxxxx Xxxxxxxx: (i) Tianjin Chengrui Optical Investment Partnership (Limited Partnership)* (天津誠瑞光投資合夥企業(有限合夥)), formerly named as Tianjin Chengrui Optical Technology Partnership (Limited Partnership)* (天津誠瑞光科技合夥企業(有限合夥)), (ii) Tianjin Ruitai Optoelectronics Investment Partnership (Limited Partnership)* (天津瑞泰光電投資合夥企業(有限合夥)) and, formerly named as Tianjin Ruitai Optoelectronics Technology Partnership (Limited Partnership)* (天津瑞泰光電科技合夥企業(有限合夥)), and (iii) Tianjin Ruicheng Optical Investment Partnership (Limited Partnership)* (天津瑞成光投資合夥企業(有限合夥)), formerly named as Tianjin Ruicheng Optical Technology Partnership (Limited Partnership)* (天津瑞成光科技合夥企業(有限合夥))
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Previous Loan a term loan in the principal amount of HK$10,000,000 for a term of three months from 17 June 2019, which matured on 16 September 2019 pursuant to the Previous Loan Agreement
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Related to Previous Loan

  • PLUS Loan means a Loan that was made pursuant to the PLUS Program established under Section 428B of the Higher Education Act (or predecessor provisions).

  • U.S. Loan means a U.S. Tranche A Term Loan, a U.S. Tranche B Term Loan, and/or a U.S. Revolving Loan, as applicable.

  • Existing Loan means the loan identified on Exhibit H.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • SLS Loan means a Loan which was made pursuant to the Supplemental Loans for Students Program established under Section 428A of the Higher Education Act (or predecessor provisions), including Loans referred to as ALAS Loans or Student PLUS Loans.

  • 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.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

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

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Term Advance has the meaning specified in Section 2.01(a).

  • MERS Loan Any Mortgage Loan registered on the MERS® System for which MERS appears as the mortgagee of record on the related Mortgage or on an assignment thereof.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

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

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

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

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

  • 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.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • 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.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).