Standard Loan definition

Standard Loan means any loan of a Contract Player completed in accordance with the provisions of Regulation 55.
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Standard Loan means a Franchisee Loan in an Approved Franchise ------------- Concept or a Real Estate Loan in an Approved Real Estate Concept (i) conforming in all material respects to the underwriting guidelines contained in the Underwriting Manual, (ii) processed in accordance with the Processing Manual and (iii) documented using the Loan Documents.
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Standard Loan means any Loan which is an Eligible Loan and which satisfies, as of the applicable Closing Date, the following criteria: (i) the Loan has a Collateral Coverage Ratio of at least 1.00%; (ii) the related Obligor has a Cash Flow Ratio of at least 1.25%; (iii) either (a) the related Obligor has owned quick-service food franchises which have operated as such for at least two (2) years or (b) the quick-service food franchise to which such Loan relates has operated as such for at least two (2) years, (iv) the related Obligor has a Leverage Ratio (as shown on the related Obligor Financial Statement) of less than 8:1 and (v) the related Obligor's Obligor Financial Statement(s) show a positive EBITDA for the most recent fiscal year and/or a positive net EBITDA for the three most recent fiscal years.
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Examples of Standard Loan in a sentence

  • As a result of the statutory lapse, PCLP CDCs that had elected to participate in the ALLR are now required to maintain a Loan Loss Reserve Fund in an amount sufficient to meet the Standard Loan Loss Reserve Requirement set forth in 13 C.F.R. § 120.847(b), which is one percent of the original principal amount of the PCLP Debenture for the life of the loan.

  • A Standard Loan is the amount that may be borrowed from the sum of premiums paid.

  • The opposite is also true; any existing Index Loan must be repaid before it is possible to take out a new Standard Loan.

  • If there is an outstanding Standard Loan, and the policy owner wishes to take an Index Loan, the existing loan must be repaid first.

  • Standard loan requests in excess of the Fixed Account balance can be taken from the Indexed Accounts, but these loans will be treated similarly to an Index Loan until the Segment Maturity, allowing the Index Loan portion of the loan to be converted into a Standard Loan.

  • If the amount due is more than 20% of the Policy Value, we will treat the excess as a Standard Loan.

  • This feature does not apply to variable interest rate loans.• On the date that the loan is processed, if the amount in the Fixed Account is less than the requested Standard Loan amount plus any outstanding policy debt, funds will automatically be transferred from the Index Selections to the Fixed Account before the loan is processed.• The policyowner may specify the amount to be transferred from each Index Selection to the Fixed Account.

  • Sign Standard Loan Agreement and Promissory Note in person after state of emergency is terminated.

  • Personal Loan vs Standard Loan Unlike business or auto loans whose terms prescribe how funds may be spent, personal loan money may be used for any purpose by the borrower.

  • ATTACHMENT 5 NEW EXHIBIT D TO THE SERVICING AGREEMENT STANDARD FILE LAYOUT- MASTER SERVICING Standard Loan Level File Layout – Master Servicing Exhibit 1: Layout Column Name Description Decimal Format Comment Max Size Each file requires the following fields: SER_INVESTOR_NBR A value assigned by the Servicer to define a group of loans.


More Definitions of Standard Loan

Standard Loan means any Loan (i) that is an Eligible Loan and (ii) with respect to which the product of the related Obligor Group's Cash Flow Ratio and Collateral Coverage Ratio is at least equal to 100%.
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Standard Loan means a Mortgage Loan that has a Loan-to-Value Ratio less than or equal to 90%.
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Standard Loan means a loan made under this Part which is not a subsidised
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Standard Loan. A standard loan is any loan that is not a carryover loan.
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Standard Loan is a Loan when it is not then a Promotional Loan.
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Standard Loan means a loan having over its amortization period a fixed rate of interest and level monthly payments.
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Related to Standard Loan

  • ARD Loan Any Mortgage Loan that is identified on the Mortgage Loan Schedule as having an Anticipated Repayment Date and Revised Rate.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

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

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • 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).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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”.

  • Required Rate means (a) 8.40%, with respect to the Cutoff Date and any Distribution Date on or prior to the date on which the Class A-2-B Notes are paid in full, or, (b) 7.90%, with respect to any Distribution Date after the Class A-2-B Notes are paid in full, or, in each case, such other percentage approved by the Rating Agencies.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • 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.

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

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

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

  • Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.

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

  • 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.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.