Approved Loans definition
Examples of Approved Loans in a sentence
Approved Loans Retention: 7 years after loan is paid or as specified by lending agency 2.
CSFB shall be entitled to receive all origination fees with respect to Approved Loans originated by Column and included in a Securitization.
November 17, 2014; SBA, “Gross Approval Amount By Program,” at https://www.sba.gov/sites/default/files/files/ WDS_Table2_GrossApproval_Report.pdf; and SBA, “Number of Approved Loans by Program,” at https://www.sba.gov/sites/default/files/files/WDS_Table3_ApprovalCount_Report.pdf.
The proceeds of the Advances will be used (i) to finance the Borrower’s origination and acquisition of Eligible Loans consisting of Specified Loans and Approved Loans and (ii) for other uses permitted under the organizational documents of the Borrower, in each case, subject to the terms and conditions set forth herein and in the other Transaction Documents.
Unless agreed to by CapitalSource, Column and CSFB (each in its sole discretion), no Loans other than Approved Loans may be included in any Securitization.
CapitalSource shall be entitled to receive all origination fees and exit fees with respect to Approved Loans originated by CapitalSource and included in a Securitization.
Task 4 Progress – Cleanup Loans and SubgrantsActivityDeliverableExecute Loans and SubgrantsEstimate 3 loans averaging $220,500 eachExecute SubgrantsEstimate 1 subgrants averaging $70,000 eachDisbursement of Approved Loans and SubgrantsSummary in Quarterly Reports 1st Quarter of FY2021There were no deliverables during the 1st Quarter of FY2021.
CapitalSource shall be entitled to receive all exit fees with respect to Approved Loans originated by Column and included in a Securitization; provided, however, that CapitalSource shall not receive any such exit fees in connection with a Senior Participation Securitization or in the event that it does not purchase the Subordinated Securities as required by Section 4.03.
With respect to each Securitization, CapitalSource will sell the Approved Loans that it originated, and each of CapitalSource and Column will sell its respective Participation Interest in the Approved Loan originated by Column, to the Depositor pursuant to a mortgage loan purchase and sale agreement in form and substance customary for similar transactions and acceptable to the relevant rating agencies.
Upon the consummation of a Securitization or a Senior Participation Securitization, the Interim Servicing Agreement will terminate with respect to any Approved Loans or Senior Participation Interests securitized therein and no compensation shall be due to CapitalSource in connection with such termination.