RD Loan definition

RD Loan means a Mortgage Loan which is the subject of a RD Loan Guaranty Agreement as evidenced by a loan guaranty.
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RD Loan. “RD Loan Guaranty Agreement”, “VA Loan” and “VA Loan Guaranty Agreement” in their proper alphabetical order:
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RD Loan means the nonrecourse assumed loan from RD in the original principal amount of $1,202,968.42, with an assumed principal balance of $1,146,476.36, a 50 year term, 600 month amortization with 388 months remaining in the amortization, maturity on February 26, 2040, an original interest rate of 8.75%, an effective interest rate not to exceed 1.00% per annum pursuant to the Multiple Family Housing Interest Credit Agreement entered into by the Partnership and RD on March 1, 1990, and monthly principal and interest payments equal to $2,551.88.
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Examples of RD Loan in a sentence

  • Each Xxxxxx Mae Modified Loan (i) was modified in accordance with the Xxxxxx Xxx guide; (ii) with respect to (x) a FHA Loan, is fully insured by the FHA pursuant to a FHA Mortgage Insurance Certificate; (y) a VA Loan, is guaranteed by the VA pursuant to a VA Loan Guaranty Agreement and (z) a RD Loan, is guaranteed by the RD pursuant to a RD Loan Guaranty Agreement and (iii) conforms to the requirements of Xxxxxx Mae for securitization.

  • The Partnership shall fund, establish and maintain a reserve account in an amount required by the RD Loan Agreement which funds shall be used in accordance with RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.

  • The Partnership is authorized to execute any documents required by RD in connection with the RD Loan Agreement.

  • The Borrower shall maintain a minimum Tangible Balance Sheet-Equity equal to ten (10%) percent of total assets prior to issuance of the RD Loan Note Guarantee.

  • Notwithstanding the foregoing, no distributions of cash may be made other than as provided in the RD Loan Agreement.

  • The Partnership shall fund, establish and maintain a reserve account in the amount that is the greater of $300 per unit or the amount required by the RD Loan Agreement, which funds shall be maintained and used in accordance with the requirements of RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.

  • Any incoming General Partner shall, as a condition of receiving a Partnership interest, agree to be bound by the Project Documents, and all of the other documents executed in connection with the RD Loan Agreement to the same extent and on the same terms as any other General Partner.

  • With respect to the RD Loans, the RD Loan Guaranty Agreement is in full force and effect to the maximum extent stated therein.

  • Each FHA Loan, VA Loan and RD Loan was originated in accordance with the criteria of the FHA, VA or RD, as applicable, for purchase of such Mortgage Loans.

  • The Partnership shall fund, establish and maintain a reserve account in the amount that is the greater of $300 per unit per year or the amount required by the RD Loan Agreement, which funds shall be maintained and used in accordance with the requirements of the Replacement Reserve Agreement entered into between the Partnership and RD and RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.


More Definitions of RD Loan

RD Loan means any loan guaranteed by RD.
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RD Loan means a first lien Mortgage Loan originated in accordance with the criteria established by and eligible to be guaranteed by the RD under a RD Loan Guaranty Agreement, and is so guaranteed pursuant to the provisions of the RD Regulations, and was originated in Strict Compliance with RD Regulations and the GNMA Guide, is eligible for inclusion in the GNMA Program, and unless otherwise agreed to by Buyer in its sole discretion, does not exceed the applicable maximum mortgage limits as set forth in the RD Regulations.
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RD Loan means a first lien Mortgage Loan originated in accordance with the criteria established by and guaranteed by the RD.
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RD Loan means a mortgage loan guaranteed by the United States Department of Agriculture Rural Development.
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RD Loan means a first lien Mortgage Loan that is guaranteed by the RD pursuant to the provisions of the regulations promulgated by the RD.
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Related to RD Loan

  • 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.

  • 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”.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

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

  • Term Loan as defined in Section 2.1.

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

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

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.