Loan Program. The parties agree that the Loan Program shall consist of the origination, funding, and collection of Loans to Borrowers in accordance with the Rules and Program Guidelines. The parties agree that Lender shall have sole responsibility for establishing credit and underwriting criteria for the Loans, making the decisions as to whether or not to make Loans to an Applicant, funding the Loans, and, subject to the timely performance of CSO’s obligations hereunder, managing the Loan Program in accordance with the express obligations under this Agreement and the Program Guidelines. Except as expressly provided herein, (i) nothing herein shall be deemed to commit Lender to originate or fund any particular level or number of Loans, and (ii) Lender makes no representation, warranty or covenant as to the amount of funding it will be able to provide for the Loans. Except as expressly provided with respect to the rights and interest of CSO in this Agreement, Lender or its assigns shall be the sole owner of all Loans made pursuant to this Agreement and CSO shall have no right, title or interest in such Loans.
Loan Program. All loans to the Executive under the Bank's loan program that are outstanding as of the time the Executive's employment ceases hereunder shall be treated in the same manner as loans are treated upon Retirement under the Bank's personnel policies in effect on the date hereof.
Loan Program. The parties agree that the Loan Program shall consist of the origination, funding, and collection of Loans, from time to time in accordance with the Program Guidelines, to Borrowers who are residents of the State of Ohio. The parties agree that Lender shall have sole responsibility for establishing credit and underwriting criteria for the Loans, making the decisions as to whether or not to make Loans to prospective Borrowers, funding the Loans, and managing the Loan Program in accordance with Lender’s express obligations under this Agreement and the Program Guidelines. Nothing herein shall be deemed to commit Lender to originate or fund any particular level or number of Loans, and Lender makes no representation as to the amount of funding it will be able to raise for the Loans.
Loan Program. The parties agree that the Loan Program shall consist of the origination, funding, and collection of Loans, from time to time in accordance with the Program Guidelines, to Borrowers who are residents of the State of Texas. The parties agree that Lender shall have sole responsibility for establishing credit and underwriting criteria for the Loans, making the decisions as to whether or not to make Loans to prospective Borrowers, funding the Loans, and managing the Loan Program in accordance with Lender’s express obligations under this Agreement and the Program Guidelines. Nothing herein shall be deemed to commit Lender to originate or fund any particular level or number of Loans, and Lender makes no representation as to the amount of funding it will be able to raise for the Loans.
Loan Program. As part of its independent obligations hereunder, CSO will cause the Loans to be arranged in accordance with the terms and conditions of the Loans, this Agreement, the Lender’s Policies, the Loan Program, and all Applicable Laws. Lender will cause the Loan Documents to be compliant with all Applicable Laws, including any usury laws, consumer protection laws, the federal Truth in Lending Act and Regulation Z, and limits on fraudulent or unconscionable conduct.
Loan Program. (A) The Issuer shall from time to time with all practical dispatch and in a sound and economical manner consistent in all respects with the provisions of this Trust Agreement, including Section 5.4 (B), and sound banking practices and principles (i) use and apply proceeds of the Notes and moneys in the Loan Account to the extent not reasonably or otherwise required for other purposes of the loan program to finance Eligible Loans pursuant to this Trust Agreement or to pay other obligations of the Issuer required to be paid under this Trust Agreement (ii) do all such acts and things as shall be necessary to receive and collect Revenues (including special allowance payments) and Recoveries of Principal sufficient to pay the Notes and the expenses of the Loan program and (iii) diligently enforce and take all steps actions and proceedings reasonably necessary in the judgment of the Issuer to protect its rights with respect to Loans, use its best efforts to maintain any insurance on and to enforce all terms, covenants and conditions of Loans.
Loan Program. 21st Century agrees to offer to Nobility Homes (and, to the extent applicable, Prestige) a loan program plan (i.e., downpayment terms, fixed or variable rates, annual percentage rates, maximum loan amount, computation, allowable insurance, form of documentation, origination fee and other similar items) comparable to the prevailing plans offered by two of the largest for-profit national manufactured housing lenders, which lenders will be determined by the Members holding a Majority Vote. The Members initially designate Green Tree Financial and Bank America Home Finance Division of the Bank of America (collectively, the "Benchmark Lenders") as the comparable lenders for the purposes of this Agreement. 21st Century may designate new Benchmark Lenders from time to time upon providing notice to Nobility Homes. The Members holding a Majority Vote will ratify or reject the loan programs proposed by 21st Century. 21st Century will establish a benchmark rate (the "Benchmark Rate") for each loan program offered by 21st Century. The Benchmark Rate shall be approximately equivalent to the prevailing average annual percentage rate of the Benchmark Lenders for similar types of loans being purchased in the marketplace. The loan programs offered by 21st Century shall compete in the financing marketplace with the Benchmark Lenders, particularly with regard to products and services offered. The Credit Approval Rate shall equal the Benchmark Rate for those Contracts to be purchased by 21st Century subject to its first right to buy Contracts described in Section 4.2 of this Operating Agreement. 21st Century may also agree to purchase Contracts, and Nobility Homes (and, to the extent applicable, Prestige) may agree to sell Contracts, using a Credit Approval Rate in excess of the Benchmark Rate with the terms of such purchase and sale of Contracts to be acceptable to 21st Century and Nobility Homes (and, to the extent applicable, Prestige). Nobility Homes will deliver to 21st Century all loan applications for any Home in a form acceptable to 21st Century. 21st Century shall have two (2) business days from the date of receipt of the application within which to respond to Nobility Homes (and, to the extent applicable, Prestige) as to whether it is willing to purchase the Contract applicable to each such loan application by issuing a Credit Approval Notice to Nobility Homes (and, to the extent applicable, Prestige). In the event 21st Century does not issue a Credit Approval Notice...
Loan Program. 42 Section 8.1 General Provisions...........................................42
Loan Program. A. An employee who wishes to borrow funds on deposit in their defined contribution portion of Retirement Plan 5 or Retirement Plan 6 shall make application to the Xxxxx County Employees Retirement System on a form provided by the Retirement Office.
Loan Program. As part of its independent obligations hereunder as a special, limited purpose agent of Lender, CSO will cause the Loans to be originated, administered and serviced in accordance with the terms and conditions of the Loans, this Agreement, the Lender’s Policies, and all Applicable Laws, including any usury laws, consumer protection laws, racketeering laws (including the federal Racketeering Influenced and Corrupt Organizations Act), the federal Truth in Lending Act or Regulation Z, and limits on fraudulent or unconscionable conduct.
