Business Loans definition

Business Loans. There has been no progress made on this strategy. This type of program takes a significant amount of work on the part of several necessary partners. The fact that no work has been done on the program may indicate that a reallocation of these funds is an appropriate action. Even without contracting this strategy, the neighborhood will be near or at the required 95% contracted amount in order to move forward with Phase II planning. Commercial Fix-n-Paint: The JSSCA has indicated a desire to administer this program for the neighborhood. Once the neighborhood and the merchant’s association agree upon a scope of services, the NRP staff person can be asked to begin the contracting process. Hollywood Theater Revitalization: Depending on one’s view, either no progress or much progress has been made in revitalizing the Hollywood Theater. There is no recommendation for this strategy as these funds are dedicated to the pending revitalization of the theater other than a ‘re-commitment’ letter to the MCDA ▇▇. ▇▇▇▇▇▇ and Council member Ostrow. PHYSICAL ENVIRONMENT Recommendations
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Business Loans means loans offered or extended for a business purpose under a Business Membership.
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Examples of Business Loans in a sentence

  • The extent of your liability under this Guarantee for any and all loans and advances made under the Small Business Loans Act ("SBL") shall be limited to % of the original amount of each SBL.

  • The Servicer shall be entitled to terminate any Subservicing Agreement in accordance with the terms and conditions of such Subservicing Agreement and to either itself directly service the related Business Loans or enter into a Subservicing Agreement with a successor subservicer which qualifies hereunder.

  • For purposes of this Agreement, the Servicer shall be deemed to have received payments on Business Loans when any Subservicer has received such payments.

  • The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Business Loans, and shall, to the extent such procedures shall be consistent with this Agreement, comply with the terms and provisions of any applicable hazard insurance policy.

  • The parties desire to enter into this Agreement to provide, among other things, for the servicing of the Business Loans by the Servicer.

  • The Trust was formed for the purpose of issuing asset backed notes and asset backed certificates secured by the Business Loans.

  • The Indenture Trustee may reimburse the Servicer from the Expense Account pursuant to Section 5.03(c)(i) for all amounts advanced by it pursuant to the preceding sentence except when the claim relates directly to the failure of the Servicer to service and administer the Business Loans in compliance with the terms of this Agreement.

  • Pursuant to the Indenture, as security for the indebtedness represented by the Notes, the Issuer is and will be pledging to the Indenture Trustee, or granting the Indenture Trustee a security interest in, among other things, certain Business Loans and Subsequent Business Loans and its rights under this Agreement.

  • The Servicer agrees to cooperate with the Indenture Trustee in effecting the termination of the Servicer's responsibilities and rights hereunder, including, without limitation, the transfer to the Indenture Trustee for administration by it of all amounts which shall at the time be credited by the Servicer to each Principal and Interest Account or thereafter received with respect to the Business Loans.

  • Notwithstanding the foregoing, the Servicer shall not be required to make a Monthly Advance with respect to a Business Loan if it determines, in good faith, that such advance would be nonrecoverable from amounts received in respect of the Business Loans.

Related to Business Loans

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

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

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).