Examples of Second Mortgage Loan in a sentence

The balance outstanding under the Second Mortgage Loan was transferred to Liabilities held for sale on the statement of financial position as at July 31, 2023.
The approval or disapproval of the Second Mortgage Loan and the terms thereof are subject to the final decision of the designated financing company.
Key terms are as follows: (I) 買方必須於完成住宅物業之買賣交易日前最少60日以書面向指定財務機構申請第二按揭貸款。 The Purchaser shall make a written application to the designated financing company for the Second Mortgage Loan not less than 60 days before the date of completion of sale and purchase of the residential property.
July 31, 2023April 30, 2023Current portion, loans Second Mortgage Loan, 3%, due February 18, 2024 (Note 15)10,1439,801CEBA loan6060Total current portion long-term loans10,2039,861Long term portion, loansCEBA loanThird Mortgage Loan, 7.5%, due September 1, 2025 - 1,930 --Total long-term portion, loans1,930-Total Loans12,1339,861 In July 2023 Cielo secured a third mortgage facility (the “Third Mortgage Loan”) in the amount of $5 million.
The Purchaser can choose to instruct his/her/its own solicitors to act for him/her/it, and in such event, the Purchaser shall also bear his/her/its own solicitors’ costs and disbursements relating to the Second Mortgage Loan.

More Definitions of Second Mortgage Loan

Second Mortgage Loan. The term "Home Equity Loan" includes any Home Equity Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any home equity loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Depositor, in fact was not transferred and assigned to the Trust for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in Section 3.04(b)(x) hereof with respect to such home equity loan, shall nevertheless be considered a "Home Equity Loan" for all purposes of this Agreement.

Second Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Company, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement.

Second Mortgage Loan means a Mortgage Loan secured by a Mortgage constituting a second lien on real property.

Second Mortgage Loan. Any Mortgage Loan that is secured by a second lien on or second priority security interest in the related Mortgaged Property.

Second Mortgage Loan means an obligation secured by a Second Mortgage on real property located in the State, including Down Payment Assistance Loans, second in priority only to a Mortgage Loan (such definition and use of such term in this Origination Agreement shall not be applicable to a MCC stand-alone product or any other Program which does not provide down payment assistance).

Second Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Mortgaged Property which is REO Property prior to such Mortgaged Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement. The term "Mortgage Loan" includes the terms "Initial Mortgage Loan," and "Subsequent Mortgage Loan".