Equity Loans Sample Clauses

Equity Loans. Subject to the Regulations, the Association may, from time to time, advance loans to the Member on the security of the Collateral (“Equity Loans”).
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Equity Loans. Banks and government loan programs must perform prudent lending practices and meet strict lending standards via federal regulators and legislation. To avoid duplication, redundancy and promote more expedient loan funding, H-GAC will accept partner bank and government loan program staff underwriting and loan approval decisions as the sole and final underwriting decision for receiving an equity loan from H-GAC. H-GAC reserves the right to review any bank approved loan for eligibility, legality, appropriateness, etc. and may opt to deny an equity loan if any issues are discovered.
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Equity Loans. 5.1 An owner redeeming all or part of an Equity Loan, either voluntarily or when obliged to do so is a Recovery Event. 5.2 The Recoverable Amount in relation to a total redemption shall be equivalent to the Firm Scheme Grant paid in relation to the Relevant Firm Scheme apportioned in accordance with Part 2B of this Schedule. 5.3 The Recoverable Amount in relation to a partial redemption shall be determined in accordance with Part 3B of this Schedule.
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Equity Loans. Borrower, Personal Guarantor, Partnership Guarantor and Corporate Guarantor shall be prohibited from obtaining equity financing related to the Project, whether secured or unsecured without the prior written consent of Lender." (s) A new Section 10.13 is hereby added as follows:
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Equity Loans. Consistent with, and without limiting the generality of, the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any assumption fees or other fees that may be collected in the ordinary course of servicing the Home Equity Loans, (ii) arrange with a Mortgagor a schedule for the payment of delinquent amounts, so long as such arrangement is consistent with the Master Servicer's policies with respect to the home equity loans it owns or services, or (iii) and treat a Home Equity Loan as current if the Mortgagor has made one scheduled payment to cure the delinquency status of such Home Equity Loan. (b) The Master Servicer shall establish and maintain with the Trustee a separate trust account (the "Collection Account") titled "Bank One, National Association, as Trustee, in trust for the registered holders of Closed-End Home Equity Loan Asset Backed Certificates, Series 1999-1". In the event that a successor Trustee is appointed as provided in Section 9.07, a new Collection Account shall be promptly established at and maintained by such successor Trustee, and the title of the new Collection Account shall be "[Successor Trustee], as Trustee, in trust for the registered holders of Closed-End Home Equity Loan Asset Backed Certificates, Series 1999-1", and any amounts in the old Collection Account shall be transferred to the new Collection Account. The Collection Account shall be an Eligible Account. No later than 12:00 noon Chicago time one (1) Business Day prior to each Distribution Date (or, if a Deposit Event has occurred, within two (2) Business Days following receipt thereof), the Master Servicer shall deposit or cause to be deposited into the Collection Account the following payments and collections received or made by it with respect to the Home Equity Loans (without duplication): (i) Interest Collections on the Home Equity Loans; (ii) Principal Collections on the Home Equity Loans; (iii) Insurance Proceeds (including, for this purpose, any amount required to be paid by the Master Servicer pursuant to Section 3.04 and excluding any portion thereof constituting Principal Collections); and (iv) amounts required to be paid by the Depositor in connection with the termination of the Trust pursuant to Section 10.01. The foregoing requirements respecting deposits to the Collection Account are exclusive, it being understood that, without limiting the generality of the foregoing, fees (including annual fees) or late charge penalties...
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Equity Loans. In the event of a default under any of the Equity Loan ------------ Documents, the remedy for which entitles Healthcare Realty or an affiliate of Healthcare Realty (a "Healthcare Realty Affiliate") to acquire the Project or --------------------------- the Pledged Interests and the Pledged Stock or if for any other reason Healthcare Realty or a Healthcare Realty Affiliate acquires the Pledged Interests and/or Pledged Stock or the Project, provided the Loan is not in default, Lender shall consent to the transfer of the Project or of the Pledged Interests and the Pledged Stock to Healthcare Realty or a Healthcare Realty Affiliate provided the following terms and conditions are satisfied: (a) New Hazardous Substances Indemnity. Healthcare Realty shall have ---------------------------------- executed and delivered to Lender a Hazardous Substances Indemnity Agreement in the form attached hereto as EXHIBIT "C"; (b) New Indemnity and Guaranty. Healthcare Realty shall have executed -------------------------- and delivered to Lender an Indemnity and Guaranty Agreement in the form attached hereto as EXHIBIT "D";
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Related to Equity Loans

  • Loans (a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their applicable Commitments; provided, however, that the failure of any Lender to make any Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). The Loans comprising any Borrowing shall be in an aggregate principal amount that is an integral multiple of $100,000 and not less than $500,000. (b) Subject to Sections 2.08 and 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than five Eurodollar Borrowings outstanding hereunder at any time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings. (c) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to such account in New York City as the Administrative Agent may designate not later than 1:00 p.m., New York City time, and the Administrative Agent shall promptly credit the amounts so received to an account designated by the Borrower in the applicable Borrowing Request or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders. (d) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (c) above and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower to but excluding the date such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, a rate per annum equal to the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, a rate determined by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

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