Final Loan definition

Final Loan has the meaning specified in Section 2.01.
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Final Loan means a Loan made after the Final Order Entry Date.
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Final Loan means the final disbursement of the Loan under the Commitment by the Lender to the Borrower pursuant to Section 3.3.
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Examples of Final Loan in a sentence

  • Event Grade Definitions Final Loan GradeA Loan meets Credit, Compliance, and Valuation GuidelinesB The loan substantially meets published Client/Seller guidelines and/or eligibility in the validation of income, assets, or credit, is in material compliance with all applicable laws and regulations, and the value and valuation methodology is supported and substantially meets published guidelines.

  • Review the Final Loan application to ensure it is properly executed and that the subject property listed is accurate and does not match the borrower’s residence of record.

  • Borrower shall not remove any Collateral from any location previously disclosed to Lender in the Final Loan Request or any other location without Lender’s prior written consent, except for relocations (i) for maintenance and repair or transportation to another permitted location or (ii) of vehicles.

  • The Borrowers may make only two Borrowings under the Commitments that shall be, in the case of the Interim Loans, on the Closing Date and in an aggregate principal amount not to exceed $10,000,000 and, in the case of the Final Loans, on the Final Loan Date and in an aggregate principal amount not to exceed $20,000,000.

  • The Unused Fee shall be payable (i) quarterly in arrears on the last Business Day of each fiscal quarter (beginning with the first full fiscal quarter ending after the Unused Fee Commencement Date), (ii) with respect to any Tranche, on the date the final Advance under such Tranche is made hereunder and (iii) on the Final Loan Availability Date (or, if earlier, the date of any termination of the Aggregate Commitments in respect of such Tranche in their entirety).

  • The Commitments in respect of the Interim Loans shall terminate automatically immediately after the making of the Interim Loans on the Closing Date and the Commitments in respect of the Final Loans shall terminate automatically immediately after the making of the Final Loans on the Final Loan Date.

  • The Borrowers may by written notice to the Agent elect to request (x) prior to the Final Loan Maturity Date, an increase to the existing Commitments (each, an “Incremental Revolving Commitment”) and/or (y) the establishment of one or more new term loan commitments (each, an “Incremental Term Commitment” and together with the Incremental Revolving Commitments, the “Incremental Commitments”), by an aggregate amount not in excess of US$750,000,000.

  • Upon satisfaction of all conditions to the Final Loan, as set forth in Section 3.3, the Lender shall disburse to the Borrower, as the Final Loan, any and all amounts then being retained by the Lender under this Section.

  • Final Loan GradeA Loan meets Credit, Compliance, and Valuation GuidelinesB The loan substantially meets published Client/Seller guidelines and/or eligibility in the validation of income, assets, or credit, is in material compliance with all applicable laws and regulations, and the value and valuation methodology is supported and substantially meets published guidelines.

  • Borrower’s (i) chief executive office and principal place of business (as of the date of this Agreement), (ii) jurisdiction of organization and organizational identification number and (iii) other locations where Borrower conducts any material business or keeps any material portion of the Collateral (as of the date of this Agreement), are each as previously disclosed to Lender in the Final Loan Request as specified in Exhibit C.


More Definitions of Final Loan

Final Loan means a Loan made on the Final Loan Date.
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Final Loan has the meaning given to it in section 2(g);
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Final Loan has the meaning ascribed to it in section "2.4" hereinbelow;
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Final Loan means the last Loan advanced on or prior to the Commitment Termination Date.
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Final Loan means a Final Loan made by a Lender pursuant to Section 2.01(b)(ii).
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Related to Final Loan

  • Initial Loan is defined in Section 2.1.

  • Loan Advance The meaning specified in Section 2.2(a).

  • 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.

  • 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”.

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • 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.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.