Branch Loan definition

Branch Loan means a Loan originated through Regional’s branches which include Electronic Loans.
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Branch Loan means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit, and (iii) all other loans associated with the Branch Office as listed on Schedule 2.1(e) hereto (it being acknowledged that Purchaser shall not have to purchase any loan which is not covered by clauses (i), (ii) or (iii) of this definition, which is a nonaccrual loan or any other loan ninety (90) days or more past due as of the Effective Time), together with any Accrued Interest Receivable thereon, the related Servicing Rights and all such loan documentation as may be possessed by Seller with respect to such Branch Loans. At any time prior to the tenth (10th) day before the date of Closing, Schedule 2.1(e) may be supplemented by Seller upon written notice to Purchaser; provided however, unless Purchaser consents in writing, Schedule 2.1(e) shall not include any loan whose principal balance is equal to or greater than ten thousand dollars ($10,000) and which is entered into or renewed by Seller after the termination of the Due Diligence Period (as defined below). Notwithstanding anything contained herein to the contrary, the parties hereto acknowledge and agree that during the period commencing on the date hereof and ending at midnight on the fifteenth (15th) business day after the date hereof (the "Due Diligence Period"), Purchaser shall be permitted to conduct a review of any and all Branch Loans. In the event for any reason the Purchaser in its sole discretion finds any such loan unacceptable to Purchaser, Purchaser may, at any time prior to midnight of the sixteenth (16th) business day following the date hereof, terminate this Agreement by delivering written notice to Seller. In such event, this Agreement shall be null and void unless the parties hereto subsequently agree otherwise in writing.
Sample 1
Branch Loan means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit (but not any loan that is not covered by clauses (i) or (ii) of this definition), in all cases, together with any Accrued Interest Receivable thereon, the related Servicing Rights and all such loan documentation as may be possessed by Seller with respect to such Branch Loans. "Branch Premises" means the Real Property, and the improvements on the Real Property.
Sample 1

Examples of Branch Loan in a sentence

  • Without limiting the foregoing, if the balance due on any Branch Loan purchased has been reduced by Seller as a result of a payment by check received prior to the Effective Time, which item is returned after the Closing Date, the asset value represented by the Branch Loan transferred shall be correspondingly increased and an amount in cash equal to such increase shall be paid by Purchaser to Seller promptly upon demand.

  • The following are FSIBL, Topkhana Road Branch provides Secured Overdraft in the last five years:Year20062007200820092010Amount (in Million)38.2223.2235.6375.3798.27Growth Rate (%)Source: Topkhana Road Branch Loan Division 100 80 60 40 20 020062007200820092010Secured Overdraft The above graph shows that, the performance of Secured Overdraft is better from other investment in 2010.

  • In the event that, at any time prior to the Closing Date, Purchaser determines that it does not wish to purchase and assume any Branch Loan, whether because such Branch Loan is nonperforming, does not meet Purchaser’s underwriting criteria, or otherwise, then Purchaser may notify Seller in writing that such loan shall be considered an “Excluded Loan” and shall not be included in the Acquired Loans.

  • If Purchaser has accepted any such New Branch Loan as of the Closing, such New Branch Loan which will become an Acquired Loan subject to all terms and conditions of this Agreement.

  • Candidate should note that the fee paid other than DD i.e., by IPO, cheques, etc.

  • The following are FSIBL, Topkhana Road Branch provides Transport Loans in the last five years: Year20062007200820092010Amount (in Million TK)78.3247.1268.8865.2187.36Growth Rate (%)Source: FSIBL , Topkhana Road Branch Loan Division 100 80 60 40 20 020062007200820092010Transport Loan The above graph shows that, the performance of Transport Loans is better from other investment in 2010.

  • The book value of the Loans acquired shall be determined in accordance with Schedule 1 in good faith by an accounting to be conducted jointly by the Buyer and the Seller based upon the Branch Loan Trial Balance Report prepared by the Seller.

  • On the day next preceding the Closing Date the Seller shall deliver to the Buyer an updated Branch Loan Trial Balance Report.

  • The following are FSIBL, Topkhana Road Branch provides Term Loan in the last five years: Year20062007200820092010Amount (inMillion TK)207.58182.36180.96215.05223.07Growth Rate (%)Source : Topkhana Road Branch Loan Division.

  • Year20062007200820092010Amount (in Million)696.71576.40668.48795.54823.25Growth Rate (%)9.60%-17.27%15.98%19.00%3.48%Source: FSIBL, Topkhana Road Branch Loan Division.


More Definitions of Branch Loan

Branch Loan means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit, and (iii) all other loans associated with the Branch Office as listed on Schedule 2.1(e) hereto, together with any Accrued Interest Receivable thereon, the related Servicing Rights and all such loan documentation as may be possessed by Seller with respect to such Branch Loans. Schedule 2.1(e) may be supplemented by Seller at any time prior to the Effective Time.
Sample 1
Branch Loan means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit, and (iii) any such other loans
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Branch Loan means a Small Branch Loan or a Large Branch Loan.
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Branch Loan set forth in Section 1.1 of the Purchase Agreement is hereby deleted in its entirety and the following substituted in lieu thereof:
Sample 1
Branch Loan means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit, and (iii) all other loans associated with any of the Branch Offices as listed on Schedule 2.1(e) hereto, together with any Accrued Interest Receivable thereon, the related Servicing Rights and all such loan documentation as may be possessed by Seller with respect to such Branch Loans. With Purchaser's prior written consent which may be withheld for any or no reason, Schedule 2.1(e) may be supplemented by Seller at any time prior to the Effective Time. Notwithstanding the foregoing, Branch Loans shall not include any loan which is ninety (90) days or more past due as of the Effective Time or any loan identified on Schedule 2.2
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Related to Branch Loan

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • 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.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Permitted Loans means:

  • Committed Loan has the meaning specified in Section 2.01.

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

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

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Commercial loan means a loan that is not made primarily for

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.