Qualified Loan Sample Clauses

Qualified Loan. The Loan constitutes a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code (but without regard to the rule in Treasury Regulation Section 1.860G-2(f)(2) that treats a defective obligation as a “qualified mortgage” or any substantially similar successor provision). Any prepayment premiums and yield maintenance charges payable upon a voluntary prepayment under the terms of the Loan constitute “customary prepayment penalties” within the meaning of Treasury Regulation Section 1.860G-1(b)(2).
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Qualified Loan. 15 1.81 Qualified Loan Underwriting Guidelines ......................... 16 1.
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Qualified Loan. A loan, or an interest in a loan, for an electric or telephone facility that satisfies the following criteria:
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Qualified Loan. A Qualified Loan is a loan or other financing transaction in which the lender is not a Competitor and that meets the following criteria: (a) The borrower may not be permitted to draw down funds under any such agreement at an advance rate, measured at the time the advance is drawn down and including any existing balance, in excess of (i) during the effective period of the IPO Approval and Lockup Agreement dated as of January, 2000 (the “Lockup Agreement”) 25% and (ii) thereafter 30% of the value of the Company stock collateralizing the financing transaction at the time of any such advance for so long as Section 3.04 of the Shareholders’ Agreement is effective with respect to any Shareholder and (iii) thereafter 100% of the value of the Company stock collateralizing the financing transaction at the time of any such advance. (b) During the effective period of Section 3.04 of the Shareholders’ Agreement the borrower shall give written notice to the CEO of NPI of its draw down of funds under any such financing agreement within 24 hours of having done so. The said notice will be given as provided in Section 8.05 of the Shareholders’ Agreement (c) If at any time under a financing transaction the borrower is subject to a collateral call, and the said collateral call is not met, the borrower will, within 24 hours, give written notice to the CEO of the Company of its failure to meet the said collateral call. The said notice will be given as provided in Section 8.05 of the Shareholders’ Agreement.
Sample 1
Qualified Loan. An acquisition, development, construction, inventory, or working capital loan made by any Borrower to a Qualified Borrower in connection with a Qualified Resort and approved by Lender, each of which loans are specifically listed on Exhibit "D" attached hereto and incorporated herein by this reference.
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Qualified Loan. An acquisition, development or construction loan which is made by Borrower to a Qualified Borrower in connection with a Qualified Resort, permits the Qualified Borrower to borrow not less than Five Million Dollars ($5,000,000) (which the Qualified Borrower is reasonably expected to need), is secured by a Lien on the real property which is the subject of the loan, and is otherwise satisfactory to Lender, based upon any factors that Lender deems relevant. No loan shall be deemed a Qualified Loan unless and until Lender has so designated such loan in writing. By way of clarification, a Qualified Loan does not need to at any time have an outstanding principal balance of Five Million Dollars ($5,000,000) or more.
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Qualified Loan. A receivables/hypothecation loan which is made by Borrower to a Qualified Developer in connection with a Qualified Resort, permits the Qualified Developer to borrow not less than Five Million Dollars ($5,000,000) (which the Qualified Developer is reasonably expected to need), is secured by any Lien on real property which secures any loan made to the Qualified Developer and hypothecated under the RFI ADC Credit Facility and from which the Intervals which are the subject of Consumer Notes Receivable being hypothecated under the receivables/hypothecation loan have been created, and is otherwise satisfactory to Lender, based upon any factors that Lender deems relevant. No loan shall be deemed a Qualified Loan unless and until Lender has so designated such loan in writing. By way of clarification, a Qualified Loan does not need to at any time have an outstanding principal balance of Five Million Dollars ($5,000,000) or more.
Sample 1
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Qualified Loan. An acquisition, development, construction, inventory, or working capital loan made by Borrower to a Qualified Borrower in connection with a Qualified Resort. Each Qualified Loan must satisfy the Qualified Loan Underwriting Guidelines and be designated as such by Lender in writing.
Sample 1
Qualified Loan. A receivables/hypothecation loan made by Borrower to a Qualified Borrower in connection with a Qualified Resort. Each Qualified Loan must satisfy the Qualified Loan Underwriting Guidelines and be designated as such by Lender in writing.
Sample 1

Related to Qualified Loan

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Whole Loan Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

  • Cross-Collateralized Mortgage Loans Notwithstanding anything herein to the contrary, it is hereby acknowledged that certain groups of Mortgage Loans are, in the case of each such particular group of Mortgage Loans (each, a "Cross-Collateralized Group"), by their terms, cross-defaulted and cross-collateralized, if identified as such on the Mortgage Loan Schedule. For purposes of reference, the Mortgaged Property that relates or corresponds to any of the Mortgage Loans referred to in this Section 17 shall be the property identified in the Mortgage Loan Schedule as corresponding thereto. The provisions of this Agreement, including, without limitation, each of the representations and warranties set forth in Exhibit C hereto and each of the capitalized terms used herein but defined in the Pooling and Servicing Agreement, shall be interpreted in a manner consistent with this Section 17. In addition, if there exists with respect to any Cross-Collateralized Group only one original of any document referred to in the definition of "Mortgage File" in the Pooling and Servicing Agreement and covering all the Mortgage Loans in such Cross-Collateralized Group, the inclusion of the original of such document in the Mortgage File for any of the Mortgage Loans constituting such Cross-Collateralized Group shall be deemed an inclusion of such original in the Mortgage File for each such Mortgage Loan.

  • Eligible Assets The Fund shall only make investments in the Eligible Assets as described on Exhibit B, as amended from time to time with the prior written consent of Xxxxx Fargo, in accordance with the Fund’s investment objectives and the investment policies set forth in the Offering Memorandum, as such investment objectives and investment policies may be modified in accordance with the 1940 Act and applicable law and, if applicable, the Related Documents.

  • Single Loan All Loans to Borrower and all of the other Obligations of Borrower arising under this Agreement and the other Loan Documents shall constitute one general obligation of Borrower secured, until the Termination Date, by all of the Collateral.

  • Loans, Advances and Investments Neither the Seller nor any Restricted Subsidiary shall make any loan (other than Mortgage Loans), advance, or capital contribution to, or investment in (including any investment in any Restricted Subsidiary, joint venture or partnership), or purchase or otherwise acquire any of the capital stock, securities, ownership interests, or evidences of indebtedness of, any Person (collectively, “Investment”), or otherwise acquire any interest in, or control of, another Person, except for the following: (a) Cash Equivalents; (b) Any acquisition of securities or evidences of indebtedness of others when acquired by the Seller in settlement of accounts receivable or other debts arising in the ordinary course of its business, so long as the aggregate amount of any such securities or evidences of indebtedness is not material to the business or condition (financial or otherwise) of the Seller; (c) Mortgage Notes acquired in the ordinary course of the Seller’s business; (d) Investment in any existing Affiliate or any Subsidiary (including Investments by the Seller in CH Funding, LLC, a Delaware limited liability company) or JV; provided that (i) at the time any such investment is made and immediately thereafter, the Seller and the Restricted Subsidiaries are in compliance with all covenants set forth in the Repurchase Documents and no Default or Event of Default shall have occurred and be continuing and (ii) the aggregate outstanding amount of all such Investments shall not exceed $10,000,000 at any time; (e) Loans to officers or employees in an aggregate amount not to exceed $300,000; and (f) Investments in companies in the business of originating and servicing mortgage loans so long as such Investment is a direct equity investment and so long as such Investment does not cause a breach of any other covenant (affirmative or negative) hereunder.

  • Qualified Mortgage The Mortgage Loan is a "qualified mortgage" within the meaning of Section 860G(a)(3) of the Code;

  • Qualified Transferee Any Transfer of a Partnership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; and provided, further, that each Transfer meeting the minimum Transfer restriction of Section 11.3.A(4) hereof may be to a separate Qualified Transferee.

  • Mortgage Loan The appraisal was conducted by an appraiser who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof; and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and the appraiser both satisfy the applicable requirements of Title XI of the Financial Institution Reform, Recovery, and Enforcement Act of 1989 and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated;

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