Bridging Loan definition

Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

Bridging Loan means a credit agreement either of no fixed duration or which is due to be repaid within 12 months, used by the consumer as a temporary financing solution while transitioning to another financial arrangement for the immovable property.

Bridging Loan means the facility or any part of it which is described in the letter of offer as ‘bridging loan’.

Examples of Bridging Loan in a sentence

• Consequently, Rumeli and Telsim entered into a Memorandum of Understanding and KaR-Tel, by its General Manager, Mr. Sabri Fedai, entered into a separate Bridging Loan Agreement with Motorola to secure the payment by Motorola of USD 65 million on August 19, 1998.

• Borrowers must have a beneficial interest in the loan transaction either by way of joint ownership of the security and/or dependence on the mortgagor in a marital or de facto relationshipBridging LoanA Bridging Loan enables a borrower to purchase another home prior to completing the sale of an existing property.

• Commitment commission does not apply to the Bridging Loan for Farmers and the Bridging Loan for pre-financing projects supported by EU funds7/ The fee does not apply to the Bridging Loan for Farmers and the Bridging Loan for pre-financing projects supported by EU funds.8/ The fee does not apply to an indefinite Overdraft Loan with maturity at the Bank´s call provided under a binding part of the Credit line or without a credit line.

• H-REIT has in place the following uncommitted unsecured facilities to fund acquisitions, capital expenditure and working capital requirements: • a S$300.0 million multi-currency unsecured bridging loan facility (the “DBS Bank Bridging Loan Facility”) with DBS Bank Limited.

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More Definitions of Bridging Loan

Bridging Loan means the bridging loan granted under the Letter of Offer;

Bridging Loan means a term loan of US$ 50,000,000 made by the Bridging Bank to the Developer on the terms of the Bridging Loan Agreement;]

Bridging Loan means a credit agreement either of no fixed duration or which is due to be repaid within 12 months, used by the consumer as a temporary financing solution while transitioning to another financial arrangement for the immovable property; “appointed representative” has the meaning attributed to this term by the Directive 2017/14/EU; “European Commission” means the Commission of the European Communities;

Bridging Loan means the bridging loan granted under the Letter of Offer and references to “Bridging Loan” shall also refer to any part of the Bridging Loan;

Bridging Loan means a loan described as such in the facility letter. business day means Mondays to Fridays, excluding Saturdays, Sundays and Public Holidays.

Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another

Bridging Loan means any loan in connection with the refinancing, repayment or replacement of the Facility made by the Majority Investors to the Company in accordance with Clause 9.7 on terms, and with an interest rate, to be agreed in writing between the Majority Investors and the Co- Investors provided that such interest rate shall be greater than the interest rate under the Facility;