Agency Loan definition

Agency Loan means a Loan that is originated by a member of a FHLB as agent for that FHLB under the MPF Program and funded by that FHLB, and which is therefore owned by such FHLB from origination and is never owned by the member.

Agency Loan or “Loan” shall mean a forgivable loan not to exceed One Hundred Thousand Dollars ($100,000) to pay for a portion of the costs of the Public Improvements incurred in completion of the Project. The Loan shall be evidenced by the Promissory Note and secured by a Deed of Trust on fee title to the Property.

Agency Loan means the principal amount of Three Million Dollars ($3,000,000), which shall be funded solely from tax increment revenues and not from bond proceeds and shall be subordinate to the Primary Loan. The Agency Loan shall be evidenced by an Agency Promissory

Examples of Agency Loan in a sentence

• Final plans and specifications will be subject to Agency's final approval prior to the disbursal of Agency Loan funds.

• With respect to each Agency Loan that is a VA Loan, the VA Loan Guaranty Agreement is, or when issued will be, in full force and effect.

• This addendum applies where the Agent wishes to enter into an Agency Loan on behalf of more than one Principal.

• With respect to each Agency Loan that is an FHA Loan, the FHA Mortgage Insurance Contract is, or when issued will be, in full force and effect and to Seller’s knowledge, there exists no circumstances with respect to such FHA Loan that would permit the FHA to deny coverage under such FHA Mortgage Insurance.

• With respect to each Agency Loan that is an RHS Loan, the Rural Housing Service Guaranty is, or when issued will be, in full force and effect.

More Definitions of Agency Loan

Agency Loan means the residual receipts loan by the Agency to Owner in an amount not to exceed Seven Hundred Eighty-One Thousand and Seventy-Three Dollars ($781,073), which shall be (i) subordinate to the Senior Loan, the Housing Commission Loan, and the Housing Commission Ground Lease, (ii) evidenced by the Agency Note and secured by the Agency Deed of Trust, (iii) derived from the LMIHF and the proceeds of 2007 Series A taxable bonds, and (iv) of a limited recourse nature, as described in the Agency Note.

Agency Loan means a mortgage loan that is originated, underwritten and funded pursuant to guidelines promulgated by Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx, FHA, VA or USDA (collectively, the “Agencies”), and offered for purchase and sale by Lender to one of those Agencies. A “Non-Agency Loan” shall mean every mortgage loan that is not an Agency loan.

Agency Loan means the loan by the Agency to Owner not to exceed the amount of$1,394,000 to pay for a portion of Project Costs incurred in completion of the rehabilitation obligations under this Agreement.

Agency Loan means a loan, or any other form of financial assistance provided by the Agency to assist a qualifying household in the purchase an Affordable Ownership Unit.

Agency Loan means a loan that conforms to the published purchase requirements of Fannie Mac or Xxxxxxx Mac.

Agency Loan shall have the meaning given such term in the Recitals to this Loan Agreement.

Agency Loan shall have the meaning given such term in the Recitals to this Loan Agreement. “Applicable LIBO Rate” shall have the meaning ascribed to “LIBO Rate” in the Note.