Authorized Loan Amount definition

Authorized Loan Amount means $29,400,000, that being the maximum principal amount of the Loan that may be outstanding at any time, which amount maybe be reduced by the District pursuant to the provisions of Section 5 hereof.
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Authorized Loan Amount means the loan made available by the Lender to the Borrower pursuant to the terms and subject to the conditions set forth in this Agreement, for a principal amount of up to US$18,221,529.53 (eighteen million two hundred twenty one thousand five hundred twenty nine Dollars 53/100); provided that such amount does not comprise any amount relating to interest, fees, expenses and any other amounts (other than outstanding principal amount) payable by the Borrower to the Lender in accordance with this Agreement, as evidenced by the Notes.
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Authorized Loan Amount means the amount of a loan authorized by the Department to be under the CEF Program pursuant to a loan insurance authorization issued by the Department to the financial institution making the loan.
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Examples of Authorized Loan Amount in a sentence

  • Section 130 (8) states that when changing the new discount day to a later day then the Council must change the due date for payment to a later day that is no earlier than the new discount day.

  • The District shall have the right to reduce the Authorized Loan Amount without penalty upon three (3) Business Days prior written notice to the Bank.

  • By written notice to the Bank and the Trustee, the District may reduce the undrawn portion of the Authorized Loan Amount, subject to the requirements set forth in Section 2(k) and Section 2(m) hereto.

  • The UAW Regional Office and Administrative Assistant Eunice Stokes-Wilson knew that there were extenuating circumstances regarding the lease I signed for the property on Michigan Avenue, but they did not take these circumstances into consideration when they issued their ruling pursuant to Article 48, §5, of the Constitution.

  • Subject to the terms and conditions of this Agreement, the Bank agrees to make advances of the Loan from time to time on any Business Day, commencing on the Closing Date and ending on the Commitment Termination Date, in an aggregate amount not to exceed at any time outstanding the Authorized Loan Amount.

  • Subject to paragraph (d) below, (i) the maximum stated principal amount of the Series 2014 Note is hereby limited to $34,800,000 and (ii) the total outstanding principal amount of the Loan at any time is hereby expressly limited to the Authorized Loan Amount.

  • No amount of the Authorized Loan Amount may be reborrowed once any portion of the Loan is repaid and the Authorized Loan Amount shall not be reinstated for any amount of the Loan repaid.

  • Agency Authorized Loan Amount Project Period Interest Loan Amount At Completion Outstanding Balance City of Burlington$ 5,393$ 478$ 5,871$ 5,281City of Camas9,29272010,0129,065City of Centralia32,998020,66319,948City of Kennewick9,69367010,0648,636King Co. Department ofNat.

  • Any recovery after payment of a deficiency is applied first to the uninsured portion of the loan and then to the portion of a loan insured through First Loss Insurance.the product of the Authorized Loan Amount multiplied by the insured percentage.

  • An employee may take one (1) twenty (20) minute rest break during each work period of four (4) or more hours, and those not taken by the employee's choice shall not accrue.


More Definitions of Authorized Loan Amount

Authorized Loan Amount means $ 17,400,000.
Sample 1

Related to Authorized Loan Amount

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Total loan amount means the principal of the loan minus those

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Original Certificate Principal Balance With respect to any Class of Certificates, the amount specified for such Class in Section 4.01(d).

  • Original Pool Balance means the Pool Balance as of the Cutoff Date.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Subordinated Optimal Principal Amount With respect to each Mortgage Pool and each Distribution Date, an amount equal to the sum of the following (but in no event greater than the aggregate Class Certificate Balances of the Subordinated Certificates immediately prior to such Distribution Date):

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Original Lower-Tier Principal Amount With respect to any Class of Uncertificated Lower-Tier Interest, the initial principal amount thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Senior Optimal Principal Amount As to a Mortgage Pool and with respect to each Distribution Date, an amount equal to the sum of:

  • Original Principal Amount means $296,000,000 for the Class A-1 Notes, $330,000,000 for the Class A-2a Notes, $100,000,000 for the Class A-2b Notes, $428,000,000 for the Class A-3 Notes and $96,000,000 for the Class A-4 Notes.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Cut-off Date Loan Balance means the Loan Balance calculated as of the Cut-off Date.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Subordinate Optimal Principal Amount For any Distribution Date and any Loan Group, the sum for each Mortgage Loan in such Loan Group of (i) the Subordinate Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each such Mortgage Loan on the related Due Date, (b) the principal portion of the Purchase Price of each such Mortgage Loan to the extent it was repurchased by the Transferor pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan related to such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds (including Insurance Proceeds) allocable to recoveries of principal of Mortgage Loans related to such Loan Group that are not yet Liquidated Loans, received during the calendar month preceding the month of such Distribution Date, (ii) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Loan during the calendar month preceding the month of such Distribution Date, the portion of the amount of the Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan that was not included in clause (ii) of the definition of "Senior Optimal Principal Amount" for such Distribution Date, (iii) the Subordinate Prepayment Percentage of the sum of (a) all Principal Prepayments in Full of Mortgage Loans in such Loan Group received during the related Prepayment Period and (b) all partial Principal Prepayments of Mortgage Loans in such Loan Group and applied during the related Prepayment Period and (iv) with respect to any Distribution Date prior to the Cross-Over Date only, the Subordinate Prepayment Percentage related to such Group of the Recoveries received during the related Prepayment Period; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan in such Loan Group that is not a Liquidated Loan, the Subordinate Optimal Principal Amount will be reduced on the related Distribution Date by the Subordinate Percentage of the principal portion of such Bankruptcy Loss.

  • Original Certificate Balance means $32,051,840.09.