Loan Availability. 1.1 This product is available to new and existing members of Member First Credit Union Ltd, aged between 18 – 80 years.
1.2 For those aged between 70 – 80 years a maximum insured loan amount of €8,000 applies.
1.3 The minimum loan amount is €500 with a maximum loan amount of €75,000.
1.4 This product can be provided along with another loan type, with the exception of a stand-alone loan product.
Loan Availability. Subject to the provisions of this Agreement, the Borrower may repay any outstanding Money Market Loan only on the last day of the Interest Period applicable thereto and any amounts so repaid may be reborrowed, up to the amount available under this Section 2.3 or under Section 2.1, as applicable, at the time of such Borrowing, until the Domestic Business Day next preceding the Maturity Date. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.3.
Loan Availability. (i) Subject to the terms and conditions set forth in this Agreement, Lenders hereby agree to make Loans (other than Swingline Loans) to Borrower from time to time during the period from the Closing Date to the first Business Day preceding the Maturity Date; provided, that the sum of the aggregate principal amount of all outstanding Loans (including Swingline Loans) plus the aggregate face amount of all outstanding Letters of Credit shall not exceed Loan Availability; and provided, further, that if a Base Rate Loan is being made pursuant to Section 2.09(e) hereof to reimburse Issuing Lender for a drawn Letter of Credit, to avoid a duplicative reduction in the amount of Loan Availability, the drawn Letter of Credit shall not be considered outstanding. All Loans (other than Swingline Loans) under this Agreement shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make a Loan hereunder and that the Commitment of any Lender shall not be increased or decreased as a result of the failure by any other Lender to perform its obligation to make a Loan. The Loans (other than Swingline Loans) will be evidenced by the Loan Notes. The Swingline Loans will be evidenced by the Swingline Note.
(ii) Loans (including, without limitation, Swingline Loans) may be voluntarily prepaid pursuant to Section 2.05(a) and, subject to the provisions of this Agreement (including, without limitation, the provisions of Section 2.11 hereof), any amounts so prepaid may be reborrowed, up to the amount available under Section 2.01(a)(i) at the time of such Borrowing, until the Business Day next preceding the Termination Date. The principal balance of the Loans shall be payable in full on the Termination Date. During the term of this Agreement and prior to the termination of the Commitments, Borrower shall pay to Agent, within one (1) Business Day after Borrower's receipt of a demand in writing from Agent for the benefit of Lenders, such principal amounts as are necessary so that the sum of the aggregate principal amounts of all outstanding Loans (including Swingline Loans) plus the aggregate face amount of all outstanding Letters of Credit at any time does not exceed Loan Availability at such time.
Loan Availability. Contract Schedule I indicates whether loans are available under this Contract. If available, a loan endorsement is included as part of this Contract.
Loan Availability. Subject to the terms and conditions of this Agreement (including the amount limitations set forth in PARAGRAPH 2.02 and the conditions set forth in SECTION III), each Lender severally agrees to advance to Borrower from time to time during the period beginning on the Closing Date and ending on the Maturity Date such loans as Borrower may request under this PARAGRAPH 2.01 (individually, a "LOAN"); PROVIDED, HOWEVER, that (i) the aggregate principal amount of all Loans made by such Lender at any time outstanding shall not exceed such Lender's Commitment at such time and (ii) the aggregate principal amount of all Loans made by all Lenders at any time outstanding shall not exceed the Total Commitment at such time. All Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Proportionate Shares, with each Borrowing to be comprised of a Loan by each Lender equal to such Lender's Proportionate Share of such Borrowing. Except as otherwise provided herein, Borrower may borrow, repay and reborrow Loans until the Maturity Date.
Loan Availability. (i) Subject to the terms and conditions set forth in this Agreement, Lenders hereby agree to make Advances to Borrower from time to time during the period from the Closing Date to the Business Day next preceding the Maturity Date, subject to the following:
Loan Availability. Subject to the terms and conditions of this Agreement (including the amount limitations set forth in Paragraph 2.03), each Bank severally agrees to continue to advance to Borrower from time to time during the period beginning on the Closing Date and ending on July 31, 1999 (the "Maturity Date") such revolving loans as are currently outstanding or as Borrower may request under this Paragraph 2.01 (individually, a "Loan"); provided, however, that (i) the aggregate principal amount of all Loans made by such Bank at any time outstanding shall not exceed such Bank's Commitment at such time and (ii) the aggregate principal amount of all Loans made by all Banks at any time outstanding shall not exceed the Total Commitment at such time. All Loans shall be made on a pro rata basis by the Banks in accordance with their respective Proportionate Shares, with each Borrowing to be comprised of a Loan by each Bank equal to such Bank's Proportionate Share of such Borrowing. Except as otherwise provided herein, Borrower may borrow, repay and reborrow Loans until the Maturity Date.
Loan Availability. 1.1 This product is available to existing members of Member First Credit Union Ltd. from the age of 18 years up to 70 years.
1.2 The home loan is available for the purchase, refinance or equity release of an existing principal private residence (owner occupied) within the Republic of Ireland.
1.3 Security will be required by means of a first legal charge on the property and the title to the property must be satisfactory with good marketable title. The Credit Union has the right to possession of the documents of title to any property over which it has first legal mortgage or charge for so long as any amount or liability secured by the mortgage or charge remains outstanding.
1.4 Additionally, a legal assignment of a mortgage protection policy will be required for the term of the Loan, which will repay the whole of the loan if you die before the loan is repaid.
1.5 The minimum loan amount is €100,000 and the maximum loan amount is €500,000.
1.6 The maximum Loan to Value (LTV) is 90% for the First Time Buyers, and 80% for the Second Time Buyers.
1.7 The market value of the property must be evidenced by an independent valuation; The valuation must be provided by a valuer acceptable to the Credit Union and the valuation report remains the property of the Credit Union. The cost of valuation will be borne by the member.
Loan Availability. The relevant Disbursement is not requested to be made at any time after (i) in the case of any Disbursement of the Tranche 1 Loans, December 15, 2019 and (ii) in the case of any Disbursement of the Tranche 2 Loans, December 15, 2021; and
Loan Availability. 1.1 This product is available to existing members of Member First Credit Union Ltd. from the age of 18 years up to 70 years.
1.2 The home loan is available for the purchase, refinance, or equity release of an existing principal private residence (owner occupied) within the Republic of Ireland.
1.3 Security will be required by means of a first legal charge on the property and the title to the property must be satisfactory with good marketable title. The Credit Union has the right to possession of the documents of title to any property over which it has first legal mortgage or charge for so long as any amount or liability secured by the mortgage or charge remains outstanding.
1.4 Additionally, a legal assignment of a mortgage protection policy will be required for the term of the Loan, which will repay the whole of the loan if you die before the loan is repaid.
1.5 The minimum loan amount is €50,000 and the maximum loan amount is €350,000.
1.6 The maximum Loan to Value (LTV) is typically 80% which will be evidenced by an independent valuation, the cost of which will be borne by the member.
1.7 A valuation of the property must be provided by a valuer acceptable to the Credit Union and the valuation report remains the property of the Credit Union.
