All Other Loans Sample Clauses

All Other Loans. Each Security Instrument for a Loan other than a Variable Rate Loan subject to a Third Party Cap Agreement must contain the version of Section 21 entitled TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER [RIGHT TO UNLIMITED TRANSFERS—WITH LENDER APPROVAL], subject to the modifications set forth in Exhibit A. In connection with a transfer that requires approval by the Lender pursuant to the terms of the Security Instrument, in addition to the terms and conditions set forth in such version of Section 21 of the Security Instrument, each Security Instrument must provide (i) that Fxxxxxx Mac must approve a third party transferee based on Fxxxxxx Mac's underwriting standards customarily applied by Fxxxxxx Mac at the time of the proposed transfer to the approval of borrowers in connection with the origination or purchase of similar mortgages on multifamily properties and (ii) that the Borrower must pay to Fxxxxxx Mac a transfer fee equal to 1% of the outstanding principal balance of the applicable Mortgage, a $3,000 review fee, and all costs and expenses incurred in connection with the approval and implementation of any transfer and assumption. Each Security Instrument shall provide that the Borrower must pay to Fxxxxxx Mac a $3,000 review fee, and all costs and expenses incurred in connection with any transfer to a Person related to the Sponsor in accordance with the terms of Section 21 of the Security Instrument; provided, however, no transfer fee will be charged in connection therewith. The terms of any assumption will be set forth in Fxxxxxx Mac's assumption approval. The review fees and transfer fees shall be allocated between Fxxxxxx Mac and the Seller as set forth in the Guide. Any Loan that is assumed will not be eligible for a Substitution (as defined below).
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Related to All Other Loans

  • Other Loans In the event the Partnership is in need of additional funds other than an FF&E Loan or a Capital Improvement Loan, the Company may, but shall not be obligated to, make loans to the Partnership in such amounts as are necessary. Any such loan shall bear interest at a rate, and shall have repayment terms, as the General Partner shall reasonably determine.

  • Guarantees, Loans, Advances and Other Liabilities Except as contemplated by this Indenture or the Basic Documents, the Issuer shall not make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another's payment or performance on any obligation or capability of so doing or otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets or securities of, or any other interest in, or make any capital contribution to, any other Person.

  • No Construction Loans No Mortgage Loan was made in connection with (i) the construction or rehabilitation of a Mortgage Property or (ii) facilitating the trade-in or exchange of a Mortgaged Property other than a construction-to-permanent loan which has converted to a permanent Mortgage Loan;

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Disbursement of Loans Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower on the date of such Borrowing as instructed by the Borrower.

  • Optional and Mandatory Prepayments of Loans SECTION 2.11 Alternate Rate of Interest

  • All Loans The obligation of each Lender to fund any Loan which results in an increase in the aggregate outstanding principal amount of Loans under this Agreement on the occasion of any Borrowing shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 4.2.

  • Repayment of Borrowings repay the principal of, or pay interest on or any other sum in connection with any of its Borrowed Money except for Borrowed Money pursuant to the Security Documents;

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