Your Loan definition

Your Loan has a fixed Interest Rate that will apply for the Term of the Loan. The Interest Rate set out in the Financial Summary is only available if you borrow the Loan on or before the Cut-Off Date. You may ask for a revised Interest Rate on multiple occasions before the date you borrow the Loan.
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Your Loan has been transferred to ["Special Servicer Name"] ("Special Servicer") for Special Servicing. After we review your records, we will be contacting you soon.
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Your Loan has been transferred to ("Special Servicer Name") (the "Special Servicer") for Special Servicing. After we review your records, we will be contacting you soon. Please continue to remit all payments to ("Master Servicer's Name") while your loan is being serviced by the Special Servicer. ("Master Servicer's Name") will continue to process your checks and maintain the accounting records for this loan. The acceptance of any payments by ("Master Servicer's Name") does not constitute any agreement to modify or amend your loan in any way.
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Examples of Your Loan in a sentence

  • Protection under this Contract does not affect, alter, or otherwise relieve Your obligations under Your Loan with Us. Whether or not You have made a request for Protection Activation, You remain obligated to make payments to Us and to comply with the terms of Your Loan.

  • You may repay Your Loan in full at any time prior to the Expiry Date, provided Your next scheduled Payment Date is at least one full Business Day after the intended date of repayment.

  • After Your consent is given, You may request from Us paper copies of Your Loan Documents.

  • We do not charge a fee for any loss resulting from full prepayment, but You will be required to pay the Unpaid Balance of Your Loan, including all interest and outstanding fees accrued up to the day of repayment.

  • Please contact Us to obtain the amount required to repay Your Loan in full.

  • Interest charges are calculated by multiplying the Unpaid Balance of Your Loan at the end of each day by the daily interest rate.

  • If Your Loan is modified or refinanced with Us, We will continue to protect the modified or refinanced Loan according to the terms of this Contract.

  • If Your Loan is modified or refinanced during a period of Protection Activation, the modification or refinancing will not change Your Protection Activation, and We will continue to cancel the Protected Payment based on the Protected Balance prior to modification or refinancing.

  • Funds will be applied to Your Loan account according to the loan terms and conditions.

  • The Register must be updated for any transfer of ownership of Your Loan to occur.


More Definitions of Your Loan

Your Loan. We agree to loan you ($Enter Amount) . For that loan, we will charge you the following fees:
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Your Loan shall refer to the eligible Neighbors Credit Union loan being paid using External Loan Payment Transfer.
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Your Loan. Your eligible SRP Federal Credit Union Loan being paid using External Loan Payment Transfer.
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Related to Your Loan

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

  • 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”.

  • LIBOR Loan means a Loan which bears interest at a LIBOR Rate.

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

  • PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).