Loan Default definition

Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of Default.

Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

Loan Default means an event of default or default or event or condition which, with respect to Developer or its Finance Affiliate without further notice or passage of time, would entitle a mortgagee to exercise the right to foreclose upon, acquire, possess or obtain the appointment of a receiver or other similar trustee or officer over all or a part of Developer's interest in the Development.

Examples of Loan Default in a sentence

• Assignment must contain the following conditions: (1) Seller may receive payments from Purchaser so long as the Loan is not in default; (2) Seller must agree to direct Purchaser to make all future payments to Lender upon Loan default; and (3) Seller must agree that payment is due upon sale of seller’s interest.

• Any special servicing costs and resolution or liquidation fees due to a Bond Loan default are the responsibility of the Eligible CDFI.

• The CDFI Fund reserves the right to evaluate, approve, modify, or dis- approve the proposed Minimum Sec- ondary Loan Rate, Maximum Sec- ondary Loan Rate, and Maximum Sec- ondary Loan Default Spread before ap- proving any Guarantee Application.(d) Secondary Loan default rate.

• A maximum spread over the Max- imum Secondary Loan Rate in event of a Secondary Loan default (Maximum Secondary Loan Default Spread).

• In the event of default on the Loan, SBA and Lender's obligation to Third Party Indemnitor shall not extend beyond complying with applicable law regardless of conflicting provisions, if any, in the Purchase and Sale Documents such as those requiring notice of Loan default, notice of Mortgage foreclosure, or forbearance prior to initiating liquidation activities on the Loan.

More Definitions of Loan Default

Loan Default means the occurrence of one or more of the following events with respect to any Loan: (i) a Loan Payment Default, (ii) the bankruptcy or insolvency of the Borrower or any Guarantor of such Loan, or the appointment of a receiver, trustee, custodian or similar fiduciary for such Borrower or Guarantor, or the assignment for the benefit of creditors by such Borrower or Guarantor, or the offering of settlement or composition to the unsecured creditors of such Borrower or Guarantor generally or (iii) the termination of (or failure to renew) the Franchise Agreement to which the Borrower of such Loan is a party.

Loan Default means failure to make a loan repay- ment to the department within sixty days after the payment was due.

Loan Default means an occurrence with respect to a Loan which is defined by the applicable Loan Documents to be an event of default (including but not limited to a Loan Payment Default).

Loan Default means failure to make a loan repayment to the department within sixty days after the payment was due.

Loan Default means failure to make a loan repayment within sixty days after the payment was

Loan Default means a loan guaranteed by the UST fund for which the loan payment(s) is delinquent 90 days or more.

Loan Default. The breach for which Lender intends to foreclose its ------------ Lien.