Authorized Loan Payments definition

Authorized Loan Payments means those payments of principal and interest made by the Trustee, for and on behalf of the First Nation, to a Financial Institution in respect of an Authorized Loan that is approved pursuant to Article 7;
Sample 1
Authorized Loan Payments means those payments of principal and interest made by the Trustee in respect of an Authorized Loan;
Sample 1

Examples of Authorized Loan Payments in a sentence

  • Such financial forecasting takes into consideration the Company’s debt financing plans and compliance with the Statement of Corporate Intent.

  • For greater certainty, once an Authorized Loan which requires Authorized Loan Payments or an Authorized Loan Guarantee is approved, the Trustee shall in the future continue to make Authorized Loan Payments thereon or make payments pursuant to an Authorized Loan Guarantee, as required, notwithstanding at any point in time after approval the total amount of outstanding Authorized Loans and Authorized Loan Guarantees exceeds the amounts described in Section 10.1.

  • An Authorized Loan cannot exceed 50% of the value of the Trust Property at the time the Authorized Loan is taken out, and the amount of the Authorized Loan Payments in each Fiscal Year cannot exceed 80% of the projected Annual Income for the Fiscal Year.

  • PPMD’s primary purpose is to support finding viable treatments and a cure for Duchenne and Becker Muscular Dystrophy through a coordinated and collaborated international, multidisciplinary, multi-institutional, focused approach to research.

  • In accordance with the Trust Agreement, the Trustee shall pay all Authorized Expenses and Authorized Loan Payments on behalf of the Corporation from Annual Income directly from the Trust Account.

  • For greater certainty, any Authorized Loan Payment made by the Trustee for and on behalf of the Beneficiary is a distribution, payment and allocation of income to the Beneficiary that the Beneficiary is hereby, for convenience, directing the Trustee to pay directly to the Financial Institution or the First Nations Finance Authority, as applicable, and as such, any Authorized Loan Payments shall be deductible to the Trust for income tax purposes as if that payment had been made directly to the Beneficiary.

  • Subject to Article 10, the Trustee shall pay all Authorized Loan Payments and payments pursuant to an Authorized Loan Guarantee from the Trust Account as and when they become due and payable.

  • The Trustee may make Authorized Loan Payments and satisfy any Authorized Loan Guarantee notwithstanding that the Authorized Loan Payment or Authorized Loan Guarantee may benefit the Trustee, its agents or its affiliates or related entities.

Related to Authorized Loan Payments

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of January 30, 2008 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer"), axx XXBC Bank USA, National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and, subject to the prior rights of the Group I-A Certificates (and related Exchangeable Certificates), the Class I-A-PO Component and each Class of Group I-B Certificates bearing a lower numerical designation as specified in the Agreement, any Class I-B-3 Distribution Amount required to be distributed to Holders of the Class I-B-3 Certificates on such Distribution Date, subject to adjustment, in certain events, as specified in the Agreement. The pass-through rate on the Class I-B-3 Certificates applicable to each Distribution Date will be 6.000% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class I-B-3 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.