Bridging Loan definition

Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

Bridging Loan means a credit agreement either of no fixed duration or which is due to be repaid within 12 months, used by the consumer as a temporary financing solution while transitioning to another financial arrangement for the immovable property.

Bridging Loan means the facility or any part of it which is described in the letter of offer as ‘bridging loan’.

Examples of Bridging Loan in a sentence

• Because you are not required to make interest payments if we agree that interest may be capitalised on your Bridging Loan, interest will be added to the Loan Account.

• The Developer shall use all reasonable efforts to execute the Bridging Loan Agreement and carry out any actions on the Developer's part required to make the provisions of the Bridging Loan Agreement unconditional before the EFC Long Stop Date.

• If you have any questions about whether a Bridging Loan is right for you, ask us.

• We will not agree that you may capitalise interest on your Bridging Loan unless you can demonstrate a capacity to make such payments during the term of the Bridging Loan.

• This means that if you do not make repayments during the Term of your Bridging Loan, interest will be charged on the interest already accrued.

More Definitions of Bridging Loan

Bridging Loan means the bridging loan granted under the Letter of Offer;

Bridging Loan means the bridging loan granted under the Letter of Offer and references to “Bridging Loan” shall also refer to any part of the Bridging Loan;

Bridging Loan means a credit agreement either of no fixed duration or which is due to be repaid within 12 months, used by the consumer as a temporary financing solution while transitioning to another financial arrangement for the immovable property; “appointed representative” has the meaning attributed to this term by the Directive 2017/14/EU; “European Commission” means the Commission of the European Communities;

Bridging Loan means a term loan of US$ 50,000,000 made by the Bridging Bank to the Developer on the terms of the Bridging Loan Agreement;]

Bridging Loan means a loan described as such in the facility letter. business day means Mondays to Fridays, excluding Saturdays, Sundays and Public Holidays.

Bridging Loan means a term loan of US$ 45,000,000 made by the Bridging Bank to the Developer on the terms of the Bridging Loan Agreement;

Bridging Loan means any loan in connection with the refinancing, repayment or replacement of the Facility made by the Majority Investors to the Company in accordance with Clause 9.7 on terms, and with an interest rate, to be agreed in writing between the Majority Investors and the Co- Investors provided that such interest rate shall be greater than the interest rate under the Facility;