Program Loans Sample Clauses

Program Loans. 2.1 Bank agrees to use its best efforts to make Programs Loans to qualified applicants as provided in this section provided that there are sufficient funds in the Loan Reserve Account as provided hereafter.
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Program Loans. Schedule 4.8(j) contains a true and complete list separately identifying (i) each loan originated and sold by ACLP to Fannxx Xxx under the Fannxx Xxx XXX Program and Fredxxx Xxx under the Fredxxx Xxx Program Plus, showing, for each such loan, the name of the borrower, original principal balance of the loan, date of sale to Fannxx Xxx or Fredxxx Xxx, as the case may be, and, if applicable, the level or category assigned to each such mortgage for loss sharing purposes; (ii) each loan funded by ACLP under the Fannxx Xxx DUS Program or the Fredxxx Xxx Program Plus but not yet sold to Fannxx Xxx or Fredxxx Xxx, as the case may be, showing, for each such loan, the borrower, original principal balance of the loan, estimated number of days until the sale of the loan to Fannxx Xxx or Fredxxx Xxx, as the case may be, is consummated, and, if applicable, the level or category assigned to such loan for loss sharing purposes (i.e. Levex 0, Xxxxx 0, xx Level 3); and (iii) each loan for which ACLP has issued a commitment but not yet funded, showing the amount of the commitment and anticipated date of sale to Fannxx Xxx or Fredxxx Xxx, as the case may be, and, if applicable, the level or category to be assigned to such loan for loss sharing purposes. Schedules 4.8(j) and 4.8(k) shall be updated by the Sellers and delivered to the Purchaser on the Business Day immediately prior to the Closing Date, and the representations set forth in Sections 4.8(j) and 4.8(k) hereof shall apply also to such updated Schedules 4.8(j) and 4.8(k), as applicable.
Sample 1
Program Loans 
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Related to Program Loans

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Funding of Revolving Loans Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly inform the Lenders as to the terms thereof. Each Lender will make its pro rata share of the Revolving Loans available to the Administrative Agent by 1:00 p.m. on the date specified in the Notice of Borrowing by deposit (in U.S. dollars) of immediately available funds at the offices of the Administrative Agent at its principal office in New York, New York, or at such other address as the Administrative Agent may designate in writing. All Revolving Loans shall be made by the Lenders pro rata on the basis of each Lender's Commitment Percentage. No Lender shall be responsible for the failure or delay by any other Lender in its obligation to make Loans hereunder; provided, however, that the failure of any Lender to fulfill its obligations hereunder shall not relieve any other Lender of its obligations hereunder. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Loan that such Lender does not intend to make available to the Administrative Agent its portion of the Loans to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on the date of such Loans, and the Administrative Agent in reliance upon such assumption, may (in its sole discretion without any obligation to do so) make available to the relevant Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent, the Administrative Agent shall be able to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent's demand therefor, the Administrative Agent will promptly notify the relevant Borrower and such Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover from the Lender or such Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to such Borrower to the date such corresponding amount is recovered by the Administrative Agent at a per annum rate equal to (a) from such Borrower at the applicable rate for such Loan pursuant to the Notice of Borrowing and (b) from a Lender at the Federal Funds Rate.

  • 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.

  • Initial Loans 36 7.2 Initial and Subsequent Loans.................................................................39

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

  • 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.

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

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