Borrower Member Loan definition

Borrower Member Loan means a loan originated by WebBank to a Borrower Member through Borrower’s platform.
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Examples of Borrower Member Loan in a sentence

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  • Upon the making of a Borrower Member Loan, Borrower purchases such Borrower Member Loan pursuant to the Loan Servicing Documents.

  • In order to fund the making and purchase of each Borrower Member Loan, Borrower issues and sells to Lender Members, and such Lender Members purchase from Borrower, debt securities issued pursuant to an indenture, each series of which corresponds to a specific Borrower Member Loan (“Borrower Securities”).

  • Each time you purchase a Note, it will be issued immediately following the closing of the Borrower Member Loan that you have designated Semble to fund with the proceeds of your Note.

  • At the time you commit to purchase a Note you must have sufficient funds in your account with Semble to complete the purchase, and you will not have access to those funds after you make a purchase commitment unless and until Semble has notified you that the Borrower Member Loan will not be funded.

  • You must commit to purchase a Note through the Site to fund a Borrower Member Loan prior to the origination of that Borrower Member Loan.

  • Once you make a Note purchase commitment, it is irrevocable unless and until Semble has notified you that the Borrower Member Loan will not be funded and will not close.

  • In order to fund the making and purchase of each Borrower Member Loan, Borrower issues and sells to Lender Members, and such Lender Members purchase from Borrower, Borrower Securities (as defined herein).

  • If the Borrower Member Loan does not fund and does not close, then Semble will inform you and release you from your Note purchase commitment.

  • You, the Lender Member, understand and acknowledge that we may in our sole discretion, at any time and from time to time, charge off any Borrower Member Loan that is more than 180 days delinquent.

Related to Borrower Member Loan

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Member Loan is defined in Section. 3.03(b).

  • Borrower Group has the meaning provided in Section 10(c) hereof.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Borrower as defined in the preamble hereto.

  • DIP Lender means a lender under the DIP Facility.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • Eligible Borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.