PRINCIPAL LOANS definition

PRINCIPAL LOANS means, collectively those Mortgage Loans sold to the Depositor pursuant to Mortgage Loan Purchase Agreement III and shown on Schedule III hereto.
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PRINCIPAL LOANS means, collectively, those Mortgage Loans sold to the Depositor pursuant to Mortgage Loan Purchase Agreement IV and shown on Schedule IV hereto.
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PRINCIPAL LOANS means the amount of Loan for that will be disbursed by the Company for and on behalf of the Lender to the Borrower pursuant to the Loan Agreement with values, scheme or channeling mechanism and payment in the Loan Agreement. This Principal Loan is the result of the Borrower's approval to the Loan Approved Amount by the Company. "Approved Loan Amount" is a value or amount of the loan approved by the Company to the Proposed Loan by the Borrower in accordance with Company Assessment based on information and data provided by the Borrower when the Borrower is in the process of submitting a Laon Application on the Platform. "Proposed Loan Amount" is a value or amount of the loan submitted by the Borrower through the Platform based on the options provided by the Company as specified in the Platform. "Loan Terms" is the period for the Borrower to repay the Loan. "Borrower Bank Account" is a bank account that is stated by the Borrower on the Platform when applying for a Loan. "Maturity Date" is the last date of the Loan Terms in which the Borrower has to repay the Loan to the Lender which otherwise would result in the Penalty being granted. "Penalty" is the fine imposed on the Borrower for repayment of the Loan which has passed the Loan Period agreed in this Loan Agreement.
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Examples of PRINCIPAL LOANS in a sentence

  • Principal Loan’s Interest and other fee shall be repaid by the Borrower for the receipt of Principal Loans calculated per calendar day pursuant to the interest rate per day as stipulated in Article 2 paragraph 1 above.

  • If there is a writing error of a bank account, or if the Borrower includes a bank account that is not his property and / or the Company disbursed the Principal Loan funds to the bank account that is not theirs, then the Borrower is still obliged to settle the loan payment obligations in accordance with the conditions set out in this Loan Agreement for the delivery of funds by the Company Principal Loans to that Borrower Bank Account.


More Definitions of PRINCIPAL LOANS

PRINCIPAL LOANS means, collectively, the Existing Loans and the Additional Loans for the time being outstanding or, as the context so requires, an Existing Loan or an Additional Loan for the time being outstanding.
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Related to PRINCIPAL LOANS

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Term Loans as defined in Section 2.1.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

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

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Company or any Subsidiary, except for any facility that, in the opinion of the Board of Directors, is not of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole.

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

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term Loan as defined in Section 2.1.