Loan Approval definition

Loan Approval means a statement by the lender setting forth the terms 70 and conditions upon which the lender is willing to make a particular mortgage loan to a particular buyer. Neither a pre- 71 approval letter not a prequalification letter shall be deemed a Loan Approval for purposes of this Contract.

Loan Approval means an approval for a loan given by the Originator to a prospective Borrower and includes an approval for the sale of an Approved Mortgage to the Trustee.

Loan Approval means a loan approval issued to an Applicant by a Lender or by a Securitised Fund Manager on behalf of a Lender;

Examples of Loan Approval in a sentence

• Loan Approval Standards Decisions approving or denying loans from this Plan will be based on the value of your vested Individual Account and LOAN APPROVAL IS LIMITED TO ONE OUTSTANDING LOAN PER PARTICIPANT.

• Maximum: $20,000 LOAN APPROVAL Loan applications will be approved in a uniform and nondiscriminatory manner.

• LENDING GUIDELINES LOAN SIZE II- 1 LOAN APPROVAL AUTHORITIES II-3 PRICING II-4 LOAN SIZE The maximum credit limits set forth have been established as a guideline.

• Upon Buyer's receipt, acceptance and approval of the Loan Commitment, Buyer shall immediately notify Seller and Escrow Holder in writing (the "NEW LOAN APPROVAL NOTICE") of such receipt (and shall include with such notice a copy of the Loan Commitment), whereupon the condition precedent to Buyer's obligation to purchase the Property under this paragraph 4F shall be deemed satisfied.

• LOAN APPROVAL: Loan approval shall be within Lender's sole discretion.

More Definitions of Loan Approval

Loan Approval means with respect to the Loan, any documents or information submitted to the Director which memorialize the recommendations of the Administrator, the Director and the approval of the Controlling Board.

Loan Approval shall have the meaning given in Section 2.01.

Loan Approval means Bank's decision to make an extension of credit to an Obligor.

Loan Approval. The term “Loan Approval” shall mean a written notice from Lender to Seller indicating that Lender has approved the Loan Assumption.

Loan Approval means an approved Loan in an amount specified in the Resolution adopted by the Authority.

Loan Approval means a firm written commitment for, and approval of, Buyer’s Loan in the Loan Amount from the applicable Lender subject only to standard underwriting conditions. Promptly upon receipt of Loan Approval, Buyer shall deliver a copy of the same to Seller and to Escrow Holder together with all credit and appraisal documents on which the loan approval is based. If Buyer is unable to obtain approval of Buyer’s Loan as a result of Buyer’s failure or refusal to use its best efforts to obtain the same, then at Seller’s option, Buyer shall be in material default hereunder, Seller shall be relieved of its obligation to sell the Property to Buyer and Buyer shall be liable to Seller for Seller’s actual damages (unless the parties hereto have agreed to be bound by the liquidated damages provision. If, due to no fault of Buyer, Buyer applied for but is unable to obtain the required loan approval from Buyer’s Lender after using Buyer’s best efforts to do so, then upon written notice, Seller may cancel escrow or offer Buyer to apply for Buyer’s Loan from the Preferred Lender and to deliver the same to Seller and Escrow Holder within ten (10) business days after the earlier of (1) receipt of notice (either written or oral) of non-approval of Buyer’s Loan from Buyer’s Lender or (2) the expiration of the Loan Contingency Period.

Loan Approval. The faculty or staff member with authority to approve the exhibition for the University department or unit controlling the venue. Department Contact for