Examples of Agency Loans in a sentence
Operating expenses, including compensation, retirement and other benefit programs (see Note 15), allocated to the Company were $191 million, $211 million and$235 million in 2020, 2019 and 2018, respectively.Agent loan sale and securitizationOn December 22, 2016, ALIC’s subsidiary Allstate Finance Company, LLC (“AFC”) sold agent loans with a fair value of $419 million to affiliate Allstate Finance Company Agency Loans LLC (“AFCAL”) and AFCAL used the loans as collateral in the issuance of notes.
Selling and servicing Agency Loans accounts for a significant portion of the Debtors’ revenue.
General obligation bonds currently outstanding are as follows: Date ofIssuance Annual debt service requirements to maturity for the general obligation bonds are as follows: State Agency Loans.
The servicing practices of the Seller used with respect to the Mortgage Loans have been prudent, safe and sound servicing practices and consistent with commercially reasonable practices in the industry and have been in compliance in all material respects with all applicable Law, and in the case of Agency Loans, with the applicable Agency Agreement, and in the case of the Non-Agency Mortgage Loans, with the applicable Servicing Agreement.
The Note replaces the Initial Predevelopment Loan Note, consolidates the Initial Predevelopment Loan, Second Predevelopment Loan, Development Loan, and Agency AHP Gap Loan (collectively, the “Agency Loans”), and requires SCH to repay the Agency Loans as follows: During the thirty (30) year period commencing on the date the Note is executed, SCH will be required make annual payments out of its residual receipts from operating the Park.