Street Loans definition

Street Loans short term borrowings made by the Company for the purpose of purchasing or carrying securities for the Company, or for customers of the Company.
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Street Loans means short term borrowings, whether or not collateralized, borrowed for the purpose of facilitating settlement or financing of securities or commodities transactions in the ordinary course of business.
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Examples of Street Loans in a sentence

  • Because the SPV acts as a lender and not a grant provider, the SPV will make commercially reasonable decisions to protect taxpayers from losses on Main Street Loans and will not be influenced by non-economic factors when exercising its voting rights (including in connection with an Eligible Borrower that is the subject of a workout or restructuring).

  • For all Main Street Loans that are part of a bilateral facility, the loan documents are required to contain a mandatory prepayment provision.

  • Borrower eligibility • Regarding a borrower’s eligibility for Main Street Loans: o Please confirm that the borrower’s ownership structure will not be relevant (e.g., that having a sole proprietor, disregarded entity (for tax purposes), special purpose entity, or foreign ownership will not be disqualifying).

  • With this limited exception, Main Street Loans are not intended to be used to refinance other debt and can only be used to pay existing debt obligations that are“ mandatory and due”.

  • In addition, counting undrawn debt in the debt sizing calculation can significantly hamper a business’s accessibility to Main Street Loans.

  • Borrowers should use the average of the total number of employees of it and its affiliates for each pay period over the 12 months prior to the origination or upsizing of Main Street Loans.

  • Without them, it is unclear whether Treasury’s participation in Main Street Loans alone satisfies Congress’s mandate to Treasury to seek to implement a mid-size business loan program.

  • While nonbank lenders may be part of an existing loan facility of an Eligible Lender that receives a Main Street Loan, nonbank lender cannot issue or hold Main Street Loans.

  • However, borrowers participating in the Expanded Loan Facility can upsize their existing term loan or revolving credit facility.2. The interim guidance does not indicate whether affiliation rules apply in calculating adjusted 2019 EBITDA for purposes of determining the maximum loan size.3. During the month of April 2020, the 1 month and 3 month USD LIBOR rates have generally been below 1%, and thus the initial interest rate on Main Street Loans will likely be in the 3-4% range.

  • The standards applicable to such request shall be those applicable to analogous motions for summary judgment or dismissal under the Federal Rules of Civil Procedure.In claims involving benefts and coverage due under this Agreement or disputes involving operation of the Plan, Health Plan’s determinations and interpretations, and its decisions on these matters are subject to de novo review.The arbitration award shall be fnal and binding.

Related to Street Loans

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Syndicated Loans means Base Rate Loans or Euro-Dollar Loans made pursuant to the terms and conditions set forth in Section 2.01.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Bank Loans means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) that are generally provided under a syndicated loan or credit facility or pursuant to any loan agreement or other similar credit facility, whether or not syndicated.

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

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • New Revolving Loans as defined in Section 2.25.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.