Subsidy Loan definition

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.
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Subsidy Loan. A Mortgage Loan, if any, subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Borrower 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 Borrower.
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Subsidy Loan. Any Mortgage Loan subject to a Subsidy Agreement. Each Subsidy Loan will be identified as such in the related Data File.
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Examples of Subsidy Loan in a sentence

  • Any amounts distributed to the Purchaser in accordance with the preceding sentence will be applied to reduce the outstanding principal balance of the related Subsidy Loan.

  • Concerns with renewal of HAP Contracts, rent increases, prepayment of existing FHA Insured loans, Flexible Subsidy Loan deferrals, 2530 approvals and other related waivers or approvals can be elevated to the Regional Director of Asset Management.

  • If so, the Flexible Subsidy Loan and/or HELP Loan is due and payable as part of the prepayment.

  • In this context, the recent announcement by the Housing Mortgage and Finance Administration of a new $50 million Special Needs Housing Subsidy Loan Program is very encouraging.

  • PULLED - Special Needs Housing Subsidy Loan Program – Approval of the Program Guidelinesb.

  • Table 3: Comparison of Basic Financial Conditions of Casa Melhor and PAAC Casa MelhorPAACOrigins of ResourcesSavings Subsidy Loan PeopleLocal authority External People External ExternalValueMax.

  • The Project’s non-major programs are its rent subsidy and Flexible Subsidy Loan.

  • Therefore, the comparability of statistics from two or more countries is generally only given for the time span in which these states both belong to the EU.

  • No Mortgage Loan is a Subsidy Loan, or otherwise contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by the Company, the Mortgagor, or anyone on behalf of the Mortgagor or (b) paid by any source other than the Mortgagor.

  • The Flexible Subsidy Loan Agreementscontain a provision requiring payment of the principal and the interest, in full, if the Section 236 mortgage loan is refinanced or paid in full.

Related to Subsidy Loan

  • 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.

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

  • 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.

  • 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”.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;

  • PPP Loan has the meaning set forth in Section 3.28.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • 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.

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

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Term Loan means an advance made by any Term Lender under the Term Facility.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that 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.

  • Existing Loan means the loan identified on Exhibit H.

  • A Loan means any of the following, except as provided in paragraph “b”:(1) The creation of debt by the lender’s payment of or agreement to pay money to the debtor or to a third person for the account of the debtor.(2) The creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately.(3) The creation of debt pursuant to a lender credit card in any manner, including a cash advance or the card issuer’s honoring a draft or similar order for the payment of money drawn or accepted by the debtor, paying or agreeing to pay the debtor’s obligation, or purchasing or otherwise acquiring the debtor’s obligation from the obligee or the obligee’s assignees.(4) The creation of debt by a cash advance to a debtor pursuant to a seller credit card.(5) The forbearance of debt arising from a loan.b. “Loan” does not include:(1) A card issuer’s payment or agreement to pay money to a third person for the account of a debtor if the debt of the debtor arises from a sale or lease and results from use of a seller credit card.(2) The forbearance of debt arising from a sale or lease.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

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

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Commercial loan means a loan that is not made primarily for

  • Initial Loan means the first Loan made by the Lenders under this Agreement.

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