Renovation Loan definition

Renovation Loan means a Loan requested by a Borrower pursuant to Section 2.02(a)(ii).

Split View

Renovation Loan means a loan with the principal amortized over a --------------- period of 5 to 7 years, the proceeds of which are used to renovate farm equipment or farm buildings and other structures.

Renovation Loan means a Collateral Loan where the proceeds will be used for the conversion or renovation of existing facilities.

Examples of Renovation Loan in a sentence

• I\We hereby consent to the sharing among you of any credit information which we obtain for the purpose of processing my\our application for the Town of Hamburg Housing Renovation Loan Program.

• I\We hereby consent to the sharing among you of any employment information which we obtain for the purpose of processing my\our application for the Town of Hamburg Housing Renovation Loan Program.

• I\We hereby consent to the sharing among you of any credit information which we obtain for the purpose of processing my\our application for the Town of Hamburg Mobile Home Renovation Loan Program.

• I\We hereby consent to the sharing among you of any employment information which we obtain for the purpose of processing my\our application for the Town of Hamburg Mobile Home Renovation Loan Program.

• Upon such review, restructuring, reduction and/or cancellation, the Bank may require all or part of the monies outstanding under the Renovation Loan to be repaid.

• The Renovation Loan will be deemed as disbursed upon issuance of cashier’s order(s) by the bank for the amount stated below.

• The Renovation Loan granted may be reviewed, restructured, reduced and/or cancelled from time to time by the Bank in its absolute discretion.

• We will open a new OCBC Statement Savings account* to deduct all monthly instalments, interest and fees for your Renovation LoanFor joint applications, the new OCBC account to be opened will be a joint account and it will be opened under the joint names of the joint Renovation Loan applicants.

• Under the same cleavage reaction, the wild-typemass spectrum contains the masses of the fragments {AACAACG, TG, G, CCAT }.

• These Terms and Conditions and all matters relating to the Renovation Loan shall be governed by and construed in accordance with the laws of Singapore and the Borrower hereby irrevocably submits to the non-exclusive jurisdiction of the courts of Singapore Provided Always that submission to the jurisdiction of the courts of Singapore shall not preclude the Bank from commencing proceedings in the courts of any other country.

More Definitions of Renovation Loan

Renovation Loan means a Collateral Loan where the proceeds will be used for the conversion or renovation of existing facilities. “REO Property” means real estate owned by Borrower or the Originator, which real estate has been acquired and is owned by such Person as a result of foreclosure or acceptance by such Person of a deed in lieu of foreclosure, or similar transaction, whether previously constituting Loan Collateral or otherwise, together with all of such Person’s now owned or hereafter acquired interests in the improvements thereon, the fixtures attached thereto and the easements appurtenant thereto. “Requested Amount” has the meaning assigned to such term in Section 2.02. “Required Lenders” means, as of any date of determination, one or more Lenders having aggregate Percentages greater than or equal to 66 2/3%; provided, however that at any time there are two (2) or more Lenders, “Required Lenders” must include at least two (2) Lenders (who are not Affiliates of each other). To the extent provided in the last paragraph of Section 14.01(c), the Percentage of any Defaulting Lender shall be disregarded in determining Required Lenders at any time. “Reserves” means such reserves against Collateral Loans, Availability, or the Borrowing Base that Administrative Agent may, in its reasonable credit judgment, establish from time to time. Without limiting the generality of the foregoing, Reserves established to ensure the payment of accrued Interest Expense or Indebtedness shall be deemed to be a reasonable exercise of Administrative Agent’s credit judgment. “Responsible Officer” means (a) in the case of a corporation, partnership or limited liability company that, pursuant to its Constituent Documents, has officers, any chief executive officer, chief financial officer, chief administrative officer, president, senior vice president, vice president, assistant vice president, treasurer, director, manager, secretary or assistant secretary, (b) in the case of a limited partnership, the Responsible Officer of the general partner, acting on behalf of such general partner in its capacity as general partner, (c) in the case of a limited liability company that does not have officers, any Responsible Officer of the sole member, managing member or manager, acting on behalf of the sole - 32- 34881204v6 110062879

Renovation Loan or “loan” means the loan provided by Beausoleil First Nation to an approved homeowner for repair or renovation of a home on Beausoleil First Nation.

Renovation Loan means Three Million Dollars ($3,000,000), which is the maximum amount of Advances Lender is obligated to make under this Loan Agreement for renovation and refurbishment of the Improvements.