Commercial Property Loan definition

Commercial Property Loan means the commercial property loan granted under the Letter of Offer; "Conditions Precedent" means the conditions precedent stated in the Letter of Offer and/or in these Conditions; "CPF" means the Central Provident Fund;
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Commercial Property Loan means the commercial property loan or term loan granted under the Letter of Offer;
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Commercial Property Loan means a Loan secured by a first lien on a parcel of real property improved by professional offices, retail and restaurant facilities, mixed-use facilities or multifamily (more than four families) residences ("Commercial Property") and has an original principal balance not greater than $1,000,000.
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Examples of Commercial Property Loan in a sentence

  • The Bridging Loan must be drawn down in full before the release of the Housing Loan or Commercial Property Loan.

  • The Housing Loan, Commercial Property Loan and the Term Loan shall be repaid by monthly instalments comprising of principal and/or interest or such other instalment plan as set out in the Letter of Offer.

  • Thereafter, monthly instalments shall be made on the corresponding day of each subsequent month until the Housing Loan, Commercial Property Loan and the Term Loan are fully repaid.

  • The Housing Loan, Commercial Property Loan and Term Loan or such part thereof which are prepaid, in full or in part, cannot be redrawn or reborrowed except with our consent.

  • Other parties subject to this rule shall register for the program or make application for approval of an alternative program within thirty (30) days of service of the notice.

  • The monthly instalment repayments in relation to the Housing Loan, Commercial Property Loan and the Term Loan shall commence on the date falling one month from the first disbursement date.

  • The Issuer may be obliged to advance Redraws and may advance Further Advances to a Borrower in accordance with the terms of the relevant Commercial Property Loan Agreement.

  • If (a) there are insufficient funds available (including Principal Collections in respect of Participating Assets) and funds are not available under the Redraw Reserve and the Redraw Facility to fund a Redraw, and/or (b) a Servicer Event of Default has occurred that is not remedied within the designated remedy period, the Issuer shall be obliged to terminate any draw-down facility and shall not disburse any Further Advances under a Commercial Property Loan Agreement.

  • In order to mitigate against, amongst others, the risk that may arise from the inclusion of Participating Assets in the Commercial Property Loan Portfolio bearing interest on a different basis compared to the Notes, the Issuer may enter into Derivative Contracts with Derivative Counterparties with the Required Credit Rating.

  • The Issuer shall at any time be entitled (a) without notice to the relevant Borrower, to suspend a draw-down facility under a Commercial Property Loan Agreement if an event of default or a potential event of default has occurred under such agreement, and (b) on prior written notice to the relevant Borrower, to close a draw-down facility under a Commercial Property Loan Agreement with immediate effect.

Related to Commercial Property Loan

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Commercial project means any project, including, but not

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

  • Property line means the division line between two units of land.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Residential property means improved property that:-

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Multifamily Property means any real property on which multifamily residential-use development has been constructed or is now or hereafter proposed to be constructed (for example, and not by way of limitation, a property of the type managed by the Company).

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Non-Residential Property means all Assessor’s Parcels of Developed Property for which a building permit(s) was issued for a non-residential use.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.