Bond Purchase Loan definition

Bond Purchase Loan shall have the meaning set forth in Section 7.3(b).
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Examples of Bond Purchase Loan in a sentence

  • The Bond is to be sold in a negotiated private placement to the Purchaser in accordance with the Bond Purchase Loan Agreement, pursuant to which the Purchaser will issue the Credit Facility in favor of the Issuer in an amount equal to the Maximum Principal Amount of the Bond.

  • To the extent the amount initially drawn down by the Issuer under the Bond Purchase Loan Agreement is less than the Maximum Principal Amount, the difference may thereafter be drawn down by the Issuer from time to time to pay or reimburse Costs of the Project until the aggregate amount of the initial draw and all subsequent draws is equal to, but not in excess of, the Maximum Principal Amount, provided, however, that draws shall be subject to any limitations contained in the Bond Purchase Loan Agreement.

  • If a successor Bond is issued upon transfer or replacement of a Bond, all the dates and amounts of all prior draws (including constructive draws evidenced by the transfer of property) under the Bond Purchase Loan Agreement and all prior payments of Debt Service (including constructive payments) thereon shall be noted on the Schedule of Advances and Payments attached to the new Bond that is being so issued.

  • Each time the Issuer draws down money from the Credit Facility to fund the Bond (or the Purchaser funds the same by transferring property to the Issuer) under the Bond Purchase Loan Agreement, as therein provided, the gross amount so drawn down or attributable to the property so contributed, as aforesaid, shall increase the Principal Balance of the Bond and such amount shall constitute an additional purchase price payment by the then-Holder of the Bond.

  • The dates and amounts (in cash or other legal consideration, such as property) drawn down by the Issuer from time to time under the Bond Purchase Loan Agreement shall be noted by the Purchaser on the Schedule of Advances and Payments, appearing at the end of the Bond.

  • If any advances are made under the Bond Purchase Loan Agreement in the form of property, such Costs of the Project shall be deemed to be recorded on the books of the Project Fund as a receipt of proceeds of the Bond from the Purchaser and a reimbursement of the Purchaser for the purchase price of such property.

  • The Bond shall be dated the date it is initially issued, which shall be the date the Bond is delivered in exchange for the first draw made with respect to the Bond by the Issuer under the Bond Purchase Loan Agreement.

  • The Maximum Principal Amount of the Bond is the maximum aggregate amount that may be drawn down under the Bond Purchase Loan Agreement.

  • Amounts drawn-down under the Bond Purchase Loan Agreement for the Project shall be deposited in the Project Fund and held therein until disbursed by the Custodian to pay Costs of the Project.

  • Buying Clearing Members can only act on instruction from their order-givers and must immediately confirm to them the interchange transaction made.

Related to Bond Purchase Loan

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Bond Purchase Agreement means a Bond Purchase Agreement, dated as of the sale of the Series 2019 Bonds, entered into by and between KUB and the Underwriter, in substantially the form of the document attached hereto as Exhibit A, subject to such changes as permitted by Section 9 hereof, as approved by the President and Chief Executive Officer of KUB, consistent with the terms of this resolution;

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

  • Final Purchase Date means the final date on which a purchase and sale of Loans and their Related Security is completed pursuant to the terms of the Mortgage Sale Agreement;

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • 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.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • 60+ Day Delinquent Mortgage Loan (i) Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, two months or more past due (without giving effect to any grace period), including, without limitation, such Mortgage Loans that are subject to bankruptcy proceedings, (ii) each Mortgage Loan in foreclosure and (iii) all REO Property.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • 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.

  • Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • Non-MERS Mortgage Loan Any Mortgage Loan other than a MERS Mortgage Loan.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans sold by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.