ASSUMABILITY definition

ASSUMABILITY. The equity interests in Borrower will be transferable with the consent of Capital America. If all of the Properties are transferred to one purchaser, the Loan may be assumed by the purchaser provided that the Rating Agencies confirm that such transfer will not result in a downgrade in the securities issued in connection with the Loan and the purchaser assumes the Borrower's obligations under the Loan pursuant to documentation which is acceptable to the Rating Agencies and Capital America. Such transfer provisions will apply to a change in control of the Borrower. Upon the transfer of the equity interests or sale of the Properties, Borrower will pay all reasonable expenses in connection with the assumption of the Loan capped at 1% of the outstanding principal amount of the Loan.
Sample 1
ASSUMABILITY. The equity interests in the Borrowers will be transferable with the consent of Capital America. If all of the Properties securing the Facility or the Permanent Loans are transferred to one purchaser, such Loans may be assumed by the purchaser if the purchaser assumes the Borrower's obligations under such Loans and, if any of the Loans have been sold into a securitization, the Rating Agencies confirm that such transfer will not result in a downgrade in the securities issued in connection with such Loans, all pursuant to documentation which is acceptable Capital America and any applicable Rating Agencies (if the Loans are sold into a securitization). Such transfer provisions will apply to a change in control of the Borrower. Upon the transfer of the equity interests or sale of the Properties, Borrower will pay all reasonable expenses in connection with the assumption of the Loan capped at 1% of the outstanding principal amount of the Loans. In addition, Capital America shall use its best efforts to coordinate with the servicers of past deals closed with affiliates of Borrower Sponsor to facilitate the assumption of such loans by Borrower Sponsor.
Sample 1
ASSUMABILITY. The Loan may be assumed upon prior written approval of Lender, its agent, successors, or assigns in accordance with the terms of the Loan Documents and the payment by Borrower of a one percent (1%) assumption fee, which right is not limited to one such assumption. SEE SPECIAL CONDITION #6.
Sample 1

Examples of ASSUMABILITY in a sentence

  • ASSUMABILITY: One time right of assumability subject to a 1% fee, rating agency confirmation and satisfaction of other conditions to be specified in the loan documents.

  • ASSUMABILITY (ALL FUNDS)The Program does not allow assumptions or transfers1.

  • OF MONTHS OF PENALTY: _ HELOCS – EARLY CLOSURE FEE: YES NOFLAT AMOUNT - $ OR GUARANTEED MONTHS OF INTEREST WILL THIS LOAN BE ASSUMABLE?YES NORESTRICTIONS OF ASSUMABILITY NAME OF TRUSTEE ON DEED OF TRUSTPLM LOAN MANAGEMENT SERVICES, INC.

Related to ASSUMABILITY

  • Permeability of a space means the ratio of the volume within that space which is assumed to be occupied by water to the total volume of that space.

  • durability means the ability of components and systems to last so that the environmental performance can still be met after a mileage set out in paragraph 2.4. and so that vehicle functional safety is ensured, if the vehicle is used under normal or intended circumstances and serviced in accordance with the manufacturer’s recommendations.

  • Outpatient treatment means mental health or substance abuse treatment services rendered to a

  • Inpatient treatment means mental health or substance abuse services delivered on a

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Nonambulatory means the condition of a person who immediately and without aid of another is not physically or mentally capable of traveling a normal path to safety, including the ascent and descent of stairs.

  • Sustainability means the use, development, and protection of resources at a rate and in a manner that enables people to meet their current needs while allowing future generations to meet their own needs; “sustainability” requires simultaneously meeting environmental, economic and community needs.

  • Profile means a building's cross-sectional shape or the shape of its outline.

  • Vulnerability means a weakness of an asset or mitigation that can be exploited by one or more threats.

  • Impact means any effect caused by a proposed activity on the environment including human health and safety, flora, fauna, soil, air, water, climate, landscape and historical monuments or other physical structures or the interaction among these factors; it also includes effects on cultural heritage or socio-economic conditions resulting from alterations to those factors;

  • Reliability means the degree of performance of the bulk electric system that results in electricity being delivered within Reliability Standards and in the amount desired. Electric system Reliability can be addressed by considering two basic and functional aspects of electric systems, which are Adequacy and Security.

  • Complications of Pregnancy means conditions whose diagnoses are distinct from pregnancy but are adversely affected by pregnancy or are caused by pregnancy. These conditions include acute nephritis, nephrosis, cardiac decompensation, missed abortion and similar medical and surgical conditions of comparable severity. Complications of pregnancy also include nonelective cesarean section, ectopic pregnancy which is terminated and spontaneous termination of pregnancy, which occurs during a period of gestation in which a viable birth is not possible.

  • Deafness means a hearing impairment that is so severe that the student is impaired in processing linguistic information through hearing, with or without amplification that adversely affects a student’s educational performance.

  • Assisted outpatient treatment or "AOT" means the categories of outpatient services ordered by the court under section 468 or 469a. Assisted outpatient treatment may include a case management plan and case management services to provide care coordination under the supervision of a psychiatrist and developed in accordance with person-centered planning under section 712. Assisted outpatient treatment may also include 1 or more of the following categories of services: medication; periodic blood tests or urinalysis to determine compliance with prescribed medications; individual or group therapy; day or partial day programming activities; vocational, educational, or self-help training or activities; assertive community treatment team services; alcohol or substance use disorder treatment and counseling and periodic tests for the presence of alcohol or illegal drugs for an individual with a history of alcohol abuse or substance use disorder; supervision of living arrangements; and any other services within a local or unified services plan developed under this act that are prescribed to treat the individual's mental illness and to assist the individual in living and functioning in the community or to attempt to prevent a relapse or deterioration that may reasonably be predicted to result in suicide, the need for hospitalization, or serious violent behavior. The medical review and direction included in an assisted outpatient treatment plan shall be provided under the supervision of a psychiatrist.

  • Compatibility means compatibility as defined in point (10) of Article 2 of Directive (EU) 2019/770;

  • Quality means the totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs;

  • traceability means the ability to trace and follow a food, feed, food-producing animal or substance intended to be, or expected to be incorporated into a food or feed, through all stages of production, processing and distribution;

  • Repeatability means the range of values within which the repeat results of cigarette test trials from a single laboratory will fall 95 percent of the time.

  • Medically Necessary Treatment means any treatment, tests, medication, or stay in hospital or part of a stay in hospital which:

  • Visibility impairment means any humanly perceptible change in visual range, contrast, or coloration from that which would have existed under natural visibility conditions.

  • Similar contract means Motor Vehicle.

  • Sustainability Factors means environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.

  • Business with which he is associated means any business of which a public servant or his relative is an officer, director, owner, partner, employee or is a holder of more than ten percent (10%) of the fair market value or from which he or his relative derives more than Two Thousand Five Hundred Dollars ($2,500.00) in annual income or over which such public servant or his relative exercises control.

  • Dignity means providing support in such a way as to validate the self- worth of the individual. Dignity is supported by creating an environment that allows personal assistance to be provided in privacy and by delivering services in a manner that shows courtesy and respect.

  • Ability refers to mental, and physical capability. The employing authority, in making a decision with respect to determining which employees are to be retained and which employees are to be laid-off, shall determine qualifications, and the ability of employees to perform the duties which the remaining employees will be required to perform, in a fair, reasonable, and non-discriminatory manner. The onus of proof rests with the employing authority in any dispute over the application of qualifications and ability to perform the duties which the remaining employees will be required to perform.

  • Stability means structural stability.