Commercial Lender definition

Commercial Lender means Commercial Lender means a commercial bank that provides loans or other financings via asset-based lending facilities or revolving credit facilities in the ordinary course of business of such commercial bank.

Commercial Lender means a person who—

Commercial Lender means an enti- ty that is primarily engaged in the business of lending and other financing transactions and that has a loan port- folio in excess of $100,000,000, of which not more than 50 per centum in dollar amount consists of loans to borrowers in the commercial fishing industry, as certified by the Commercial Lender to the Citizenship Approval Officer.

Examples of Commercial Lender in a sentence

• Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Commercial Lender confirms to the Agent that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document.

• The Borrower shall (for its own cost) have the right, in the absence of a Default or Event of Default, and with a prior consent from Eksportfinans to replace any Commercial Lender that refuses to consent to certain amendments or waivers of this Agreement which expressly require the consent of such Lender and which have been approved by the Required Lenders.

• He joined First Colebrook Bank n/k/a Granite Bank, in 2007 and has held the positions of VP Commercial Lender, SVP Commercial Lender and currently SVP Senior Loan Officer.

• Subject to the other provisions of this Agreement, each Commercial Lender shall participate in each Commercial Facility Loan and/or the Commercial Lenders’ Guarantee in the proportion which its Commitments and/or Guarantee Commitments bears to the Commercial Facility Loan Commitments and/or Guarantee Facility Commitments (as applicable).

• B.A. (Cum Laude), 1951, Harvard College; J.D., 1956, Harvard Law School; M.B.A., 1958 – Baker Scholar, Harvard Business School; Certified Commercial Lender, 1975, American Bankers Association; Member Illinois, Massachusetts and Federal Bar and the American Bar Association.

More Definitions of Commercial Lender

Commercial Lender means a lender who is regulated by the Financial Conduct Authority (Company Registration Number 01920623) whose registered office is at 12 Endeavour Square, London, England, E20 1JN;

Commercial Lender means commercial institutions that loan money, including banks, credit unions, mutual savings banks, savings and loan associations, stock savings banks, or trust companies;

Commercial Lender means any one of them individually;

Commercial Lender means a commercial lending institution chartered by the state or federal government, including a savings and loan association, a credit union, or a Farm Credit System institution.

Commercial Lender means a commercial bank or its affiliate engaged in oil and gas lending in the ordinary course of their respective businesses and any affiliated assignee and any Affiliate thereof.

Commercial Lender has the meaning assigned to it in Section 6.6.

Commercial Lender means and refer to any lending institution holding a first mortgage encumbering the Property or portion thereof, which lending institution shall either be a state chartered bank; insurance company; trust company; money management fund; credit union; educational institution; federal or state savings and loan association; real estate or mortgage investment trust; mortgage banking company licensed to do business in the State of Florida, or any subsidiary thereof, licensed or qualified to make mortgage loans in the State of Florida; a national banking association chartered under the laws of the United States of America; any “secondary mortgage market institution” (including the Federal National Mortgage Association, the Government National Mortgage Association and the Federal Home Loan Mortgage Corporation); any pension, retirement or profit-sharing funds or trusts qualified under the Internal Revenue Code; the Veterans Administration, the Federal Housing Administration, the Department of Housing and Urban Development, or any other federal or state agency; an entity that is a “qualified institutional buyer” within the meaning of Rule 144A under the United States Securities Act of 1933, as amended, or an entity that is an institutional “accredited investor” within the meaning of Regulation D under the Securities Act of 1933, as amended; a private equity debt fund or any other entity of any kind engaged in the business of commercial real estate financing or real estate investment; a trustee or issuer of collateralized mortgage obligations, commercial mortgage backed securities or similar investment entity, none of which of the foregoing is a Purchaser Affiliate (as defined in Section 15.9); any other entity the equity owners of which are entities which would otherwise qualify as a Commercial Lender; and, such other lender as is generally recognized in the community as an institutional lender; provided that each such institution shall have net assets in excess of $500,000,000.00 at the time of making the Construction Loan. The test of whether a lender is a “Commercial Lender” shall only be performed at the time of the making of the Construction Loan.