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

  • Redraws are advanced to the Borrowers on the terms set out in the relevant Commercial Property Loan Agreements.

  • 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.

  • 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.

  • If the Issuer decides to suspend or close-down any draw-down facility in respect of a Commercial Property Loan Agreement (in respect of which no event of default or potential event of default has occurred or is occurring), the Issuer will offer, prior to such suspension or close-down being effected, the Participating Asset for sale to the Seller for a purchase price equal to its outstanding principal balance (plus all accrued but unpaid interest) and subject to the terms of the Sale Agreement.

  • During Full Implementation, the maximum amount of RCB funded OBR Loans will not exceed the Commercial Property Loan Commitment and the Multi-Family Loan Commitment, inclusive of OBR Loans funded during the Pilot Program.

  • 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.

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 (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • 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(h).

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • 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 shall have the meaning provided in Section 8.11(a).

  • 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 means a Property on which there is located an operating 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 to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person 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 is defined in Section 4.7.

  • Commercial Mortgage Loan means a Loan secured by a Mortgage on real property used for commercial purposes, including five- or greater unit residential real property.

  • 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.