Qualified Loan Sample Clauses

Qualified Loan. The Loan constitutes a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code (but without regard to the rule in Treasury Regulation Section 1.860G-2(f)(2) that treats a defective obligation as a “qualified mortgage” or any substantially similar successor provision). Any prepayment premiums and yield maintenance charges payable upon a voluntary prepayment under the terms of the Loan constitute “customary prepayment penalties” within the meaning of Treasury Regulation Section 1.860G-1(b)(2).
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Qualified Loan. 18 1.80 Qualified Loan Underwriting Guidelines ....................... 18 1.81
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Qualified Loan. An acquisition, development, construction, inventory, or working capital loan made by Borrower to a Qualified Borrower in connection with a Qualified Resort. Each Qualified Loan must satisfy the Qualified Loan Underwriting Guidelines and be designated as such by Lender in writing.
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Qualified Loan. A receivables/hypothecation loan made by Borrower to a Qualified Borrower in connection with a Qualified Resort. Each Qualified Loan must satisfy the Qualified Loan Underwriting Guidelines and be designated as such by Lender in writing.
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Qualified Loan. A receivables/hypothecation loan which is made by Borrower to a Qualified Developer in connection with a Qualified Resort, permits the Qualified Developer to borrow not less than Five Million Dollars ($5,000,000) (which the Qualified Developer is reasonably expected to need), is secured by any Lien on real property which secures any loan made to the Qualified Developer and hypothecated under the RFI ADC Credit Facility and from which the Intervals which are the subject of Consumer Notes Receivable being hypothecated under the receivables/hypothecation loan have been created, and is otherwise satisfactory to Lender, based upon any factors that Lender deems relevant. No loan shall be deemed a Qualified Loan unless and until Lender has so designated such loan in writing. By way of clarification, a Qualified Loan does not need to at any time have an outstanding principal balance of Five Million Dollars ($5,000,000) or more.
Sample 1
Qualified Loan. An acquisition, development or construction loan which is made by Borrower to a Qualified Borrower in connection with a Qualified Resort, permits the Qualified Borrower to borrow not less than Five Million Dollars ($5,000,000) (which the Qualified Borrower is reasonably expected to need), is secured by a Lien on the real property which is the subject of the loan, and is otherwise satisfactory to Lender, based upon any factors that Lender deems relevant. No loan shall be deemed a Qualified Loan unless and until Lender has so designated such loan in writing. By way of clarification, a Qualified Loan does not need to at any time have an outstanding principal balance of Five Million Dollars ($5,000,000) or more.
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Qualified Loan. A loan, or an interest in a loan, for an electric or telephone facility that satisfies the following criteria:
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Qualified Loan. A Qualified Loan is a loan or other financing transaction in which the lender is not a Competitor and that meets the following criteria:
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Related to Qualified Loan

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Whole Loan Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

  • Cross-Collateralized Mortgage Loans Notwithstanding anything herein to the contrary, it is hereby acknowledged that certain groups of Mortgage Loans are, in the case of each such particular group of Mortgage Loans (each, a "Cross-Collateralized Group"), by their terms, cross-defaulted and cross-collateralized, if identified as such on the Mortgage Loan Schedule. For purposes of reference, the Mortgaged Property that relates or corresponds to any of the Mortgage Loans referred to in this Section 17 shall be the property identified in the Mortgage Loan Schedule as corresponding thereto. The provisions of this Agreement, including, without limitation, each of the representations and warranties set forth in Exhibit C hereto and each of the capitalized terms used herein but defined in the Pooling and Servicing Agreement, shall be interpreted in a manner consistent with this Section 17. In addition, if there exists with respect to any Cross-Collateralized Group only one original of any document referred to in the definition of "Mortgage File" in the Pooling and Servicing Agreement and covering all the Mortgage Loans in such Cross-Collateralized Group, the inclusion of the original of such document in the Mortgage File for any of the Mortgage Loans constituting such Cross-Collateralized Group shall be deemed an inclusion of such original in the Mortgage File for each such Mortgage Loan.

  • Qualified Substitute Mortgage Loan A mortgage loan eligible to be substituted by the Company for a Deleted Mortgage Loan which must, on the date of such substitution, (i) have an outstanding principal balance, after deduction of all scheduled payments due in the month of substitution (or in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate principal balance), not in excess of the Stated Principal Balance of the Deleted Mortgage Loan; (ii) have a Mortgage Loan Remittance Rate not less than, and not more than two percent (2%) greater than the Mortgage Loan Remittance Rate of the Deleted Mortgage Loan; (iii) have a remaining term to maturity not greater than and not more than one year less than that of the Deleted Mortgage Loan; (iv) comply with each representation and warranty set forth in Sections 3.01 and 3.02; and (v) be of the same type as the Deleted Mortgage Loan.

  • Single Loan All Loans to Borrower and all of the other Obligations of Borrower arising under this Agreement and the other Loan Documents shall constitute one general obligation of Borrower secured, until the Termination Date, by all of the Collateral.

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Qualified Mortgage The Mortgage Loan is a "qualified mortgage" within the meaning of Section 860G(a)(3) of the Code;

  • Sale of Defaulted Mortgage Loans and REO Properties (a) (i) Within thirty (30) days after a Defaulted Mortgage Loan has become a Specially Serviced Mortgage Loan, the Special Servicer shall order (but shall not be required to have received) an Appraisal and within thirty (30) days of receipt of the Appraisal shall determine the fair value of such Defaulted Mortgage Loan in accordance with the Servicing Standard; provided, however, that if the Special Servicer is then in the process of obtaining an Appraisal with respect to the related Mortgaged Property, the Special Servicer shall make its fair value determination as soon as reasonably practicable (but in any event within thirty (30) days) after its receipt of such an Appraisal. The Special Servicer may, from time to time, adjust its fair value determination based upon changed circumstances, new information and other relevant factors, in each instance in accordance with a review of such circumstances and new information in accordance with the Servicing Standard; provided that the Special Servicer shall promptly notify the Master Servicer in writing of the initial fair value determination and any adjustment to its fair value determination.

  • Qualified Transferee Any Transfer of a Partnership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; and provided, further, that each Transfer meeting the minimum Transfer restriction of Section 11.3.A(4) hereof may be to a separate Qualified Transferee.

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