Tracker Loan definition

Tracker Loan means a Loan where interest is linked to a variable interest rate other than the SVR (for example, the rate on a Tracker Loan may be set at a fixed or variable margin above or below Sterling LIBOR or above or below rates set from time to time by the Bank of England);
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Tracker Loan means the loan of up to $1,000,000 made by Tracker to Contakt pursuant to the Loan Agreement dated October 29, 2020 between Tracker and Contakt;
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Tracker Loan means a loan where interest is linked to a variable interest rate other than the SVR. For example, the rate on a Tracker Loan may be set at a margin above sterling LIBOR or above rates set by the Bank of England;
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Examples of Tracker Loan in a sentence

  • Tracker Ratio means, in respect of a Calculation Period or a particular date, the Relevant Average Tracker Loan Balance divided by the Average Loan Balance, in each case, for such Calculation Period or date (as applicable).

  • Relevant Average Tracker Loan Balance means, in respect of a Calculation Period, or a particular date, the average outstanding daily principal balance of the Relevant Tracker Loans on the first day of the relevant Calculation Period, or the outstanding principal balance of the Loans on such date (as applicable), as notified by the Cash Manager in accordance with the provisions of the Cash Management Agreement.

  • After a fixed initial period the rate of interest on some Tracker Loans becomes the standard variable rate set from time to time by the Originator and any such Tracker Loan becomes a Variable Rate Loan.

  • After a fixed initial period the rate of interest on any Fixed Rate Loan becomes either: (i) the standard variable rate set from time to time by the Originator and such Fixed Rate Loan becomes a Variable Rate Loan; or (ii) the Bank of England base rate from time to time plus a fixed margin and such Fixed Rate Loan becomes a Tracker Loan.

  • After a fixed initial period the rate of interest on some Tracker Loans becomes the standard variable rate set from time to time by the Seller and any such Tracker Loan becomes a Variable Rate Loan.

  • After a fixed initial period the rate of interest on any Fixed Rate Loan becomes either: (i) the standard variable rate set from time to time by the Seller and such Fixed Rate Loan becomes a Variable Rate Loan; or (ii) the Bank of England Base Rate plus a fixed margin and such Fixed Rate Loan becomes a Tracker Loan.

  • Each Loan is a Variable Rate Loan, a Tracker Loan or a Fixed Rate Loan.

  • Tracker Ratio means, in respect of a Calculation Period or a particular date, the Relevant Tracker Loan Balance divided by the Loan Balance, in each case, for such Calculation Period or date (as applicable).

  • FinnOne Loans IMP@CT KastellBanker Kredits Kredits 3.45 Kredits 5.12 Loan Performer 5.30 LOAN PERFORMER 6.09 LOAN PERFORMER 7.04 Loan Tracker Loan Traking System (LTS) M2 (M2 MFI, M2 COOP, M2 BANK) McFinancier Mercury MicroBanx iBSP 1.0 MiFI MIMOTA Mimota MLAS (Microloans Admin.

  • The rate of interest in respect of each Tracker Loan is a rate set at a fixed margin above or below the Bank of England base rate.

Related to Tracker Loan

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Member Loan is defined in Section. 3.03(b).

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

  • 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.

  • 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.

  • 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.

  • Rollover Loan means one or more Loans:

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

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

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • 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.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Existing Loan means the loan identified on Exhibit H.

  • 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.

  • Balloon Loan Any Mortgage Loan which, by its terms, does not fully amortize the principal balance thereof by its stated maturity and thus requires a payment at the stated maturity larger than the monthly payments due thereunder.

  • Conventional Loan A Mortgage Loan that is not insured by the United States Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

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

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Specially Serviced Loan Any Serviced Loan (including a related REO Mortgage Loan or REO Companion Loan) as to which any of the following events has occurred: