Secondary Loan Requirements definition

Secondary Loan Requirements means the minimum required criteria established by the CDFI Fund and used by the Borrower (in addition to the Borrower’s underwriting criteria) to evaluate a request by a Secondary Borrower applicant for a Secondary Loan.
Sample 1
Secondary Loan Requirements means the minimum required criteria, such as is in effect at the time the loan is made with Bond Loan proceeds or when it becomes an Other Pledged Loan or Secondary Loan, established by the CDFI Fund and used by the Eligible CDFI (in addition to the Eligible CDFI’s underwriting criteria) to evaluate a request by a Secondary Borrower applicant for a Secondary Loan.
Sample 1
Secondary Loan Requirements means the minimum required criteria, such as is in effect at the time the loan is made with Bond Loan proceeds or when it becomes an Other Pledged Loan or Secondary Loan established by the CDFI Fund and used by the Borrower (in addition to the Borrower’s underwriting criteria) to evaluate a request by a Secondary Borrower applicant for a Secondary Loan.
Sample 1

Examples of Secondary Loan Requirements in a sentence

  • Each proposed Secondary Loan shall be approved by the credit committee of the Eligible CDFI or its equivalent, in accordance with the applicable Secondary Loan Requirements and the Eligible CDFI’s own underwriting requirements.

  • In connection with the making of Secondary Loans for Eligible Purposes, the Qualified Issuer shall direct the Eligible CDFI to provide to the Qualified Issuer the Secondary Loan application submitted to the Eligible CDFI demonstrating that the Secondary Borrower has been deemed creditworthy and meets the criteria set forth in the applicable Secondary Loan Requirements to receive a Secondary Loan.

  • Secondary Loans shall amortize as determined by the Eligible CDFI; provided that Secondary Loan amortization installments shall conform to the requirements of the applicable Secondary Loan Requirements.

  • As Secondary Loans are repaid, the Qualified Issuer may permit the Eligible CDFI, through the Relending Fund, to Refinance and substitute as collateral for the Bond Loan other loan(s) for Eligible Purposes that meet the required Secondary Loan Requirements, provided that the Eligible CDFI makes Bond Loan payments as required.

  • The maturity date with respect to the Secondary Loan shall be in accordance with the requirements of the applicable Secondary Loan Requirements.

Related to Secondary Loan Requirements

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • New Revolving Loans as defined in Section 2.25.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the Letter of Credit Usage.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • 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.

  • Other Revolving Loans shall have the meaning assigned to such term in Section 2.21.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

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

  • Term Loan Percentage means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding.