Approved Loan definition

Approved Loan means any loan or other indebtedness approved by the competent authority of Malaysia as being made or incurred for the purpose of financing development projects or for the purchase of capital equipment for development projects in Malaysia. The term "long-term loan" means any loan made or funds deposited as defined in Section 2 of the Income Tax Xxx 0000 of Malaysia.

Approved Loan means a Loan sold to the Depositor by an Approved Seller pursuant to an Approved Sale Agreement.

Approved Loan means any Eligible Loan Asset (a) that is not a Specified Loan and (b) with respect to which the Administrative Agent in its sole discretion shall have provided an Approval Notice to the Borrower.

Examples of Approved Loan in a sentence

• All Existing Loan Portfolios and Approved Loan Portfolios are wholly owned by a Portfolio Owner, save only as set out in Clause 14.2.15 (Ownership of Loan Portfolio).

• Upon a Disposal of whole or part of an Existing Loan Portfolio or Approved Loan Portfolio (directly or indirectly through a sale of a Portfolio Owner or otherwise) the Borrowers shall no later than five (5) Business Days prior to such Disposal document to the Facility Agent’s satisfaction that the Group will be in compliance with the LTV Ratio immediately after such Disposal.

• Upon a Disposal of whole or part of an Existing Loan Portfolio or Approved Loan Portfolio (directly or indirectly through a sale of a Portfolio Owner or otherwise) the Borrowers shall no later than five (5) Business Days prior to such Disposal document to the Facility Agent’s satisfaction that the Group will be in compliance with the ERC Ratio immediately after such Disposal.

• CapitalSource shall purchase each Junior Participation Interest at a price equal to par, and such Junior Participation Interest will accrue interest in an amount equal to the lesser of (i) a portion of the mortgage interest accruals on the Approved Loan such that CapitalSource receives a 20% annualized yield on such Junior Participation Interest, or (ii) 100% of the mortgage interest accruals on such Approved Loan.

• Each Approved Loan originated or purchased by either CapitalSource or Column may be included in a securitization undertaken in accordance with Section 4.01 if, at the time of intended securitization, it satisfies the requirements of the relevant rating agencies.

More Definitions of Approved Loan

Approved Loan means approved loan as defined in section 2(1) of the Income Tax Xxx 0000 of Malaysia (as amended).”

Approved Loan shall have the meaning given such term in Section 2.02(a).

Approved Loan. A fixed rate retail installment contract in one of the forms attached hereto as Exhibit N (as such Exhibit N may be updated from time to time with the consent of the Administrative Agent) secured by an interest in a Powersports Vehicle, which require the related Obligor to repay principal monthly over the term of such contract.

Approved Loan. A new first mortgage loan to be funded at Closing (defined below) which, unless PGRLP and WELP shall agree otherwise in their sole discretion, shalx xxnform to the requirements of the term sheet ("HELABA Loan Term Sheet") provided by Landesbank Hessen-Thuringen Girozentrale, a copy of which is attached hereto as Exhibit XXII, with the following modifications and/or additions: (a) the Approved Loan shall bear interest at a fixed rate of interest acceptable to both PGRLP and WELP in their sole discretion, and provide for payments ox xnterest only monthly in arrears without any amortization of principal for the first two (2) years; (b) Dearborn Center shall agree to a $22,500,000.00 tenant improvement reserve to be held back by the Lender, provided it can be drawn upon as Leases are executed and correspondingly tenant improvement and leasing commission expenses are incurred and the last clause of the "Other Requirements" Section on page 3 of Exhibit XXII shall be deleted; (c) the Approved Loan is to be non-recourse to Dearborn Center LLC with only customary carveouts, and completely non-recourse to its members, and if the Lender (defined below) making the Approved Loan requires guarantees and/or indemnifications with respect to the carveouts, all of same will be provided by Dearborn Center; and (d) the 1.10 DSCR test and the 1.30 DSCR test will only be applicable starting after the end of the second loan year. All costs and expenses related to funding of the Approved Loan shall be paid by Dearborn Center, including a fee to a mortgage broker of up to 1/2 of 1% of the amount of the Approved Loan, if WELP and PGRLP mutually agree to use a mortgage broker.

Approved Loan. Any Prospective Loan that becomes an "Approved Loan" pursuant to Section 2.03(d) and does not subsequently become a Rejected Loan.

Approved Loan has the meaning set forth in Section 5.07 below.

Approved Loan means a loan in respect of which the Corporation has given an undertaking pursuant to paragraph (b) of subsection (1) of section 3;