Conduit Loan definition

Conduit Loan means a purpose investment acquired by the Issuer with Proceeds of a Conduit Financing Issue, thereby effecting a loan to the Conduit Borrower.

Conduit Loan. Any Loan made by a Conduit, whether such Loan is a CP Rate Loan or is funded by a Liquidity Funding under the related Liquidity Agreement.

Conduit Loan means a Mortgage Loan, secured by a first mortgage on a real property, that in Lender's determination, satisfies the following criteria: (i) principal balance not exceeding $40,000,000.00; (ii) interest at a fixed rate with prepayment protection satisfactory to Lender; (iii) single-asset, bankruptcy remote property owner complying with all nationally recognized statistical rating agency requirements; (iv) no subordinate financing and mortgage and organizational documents prohibiting subordinate financing or unsecured financing not otherwise subject to intercreditor agreements satisfactory to rating agencies; (v) debt service coverage ratio (as determined by Lender in its sole discretion) of not less than 1.25:1 or such higher debt service coverage ratio as may be required by rating agencies; (vi) not having any characteristics that would impair the rating of any securities issued pursuant to a securitization that included a substantial component of mortgages similar to such mortgage; and (vii) in full compliance with such other "conduit" underwriting and structuring requirements as Lender shall establish from time to time.

Examples of Conduit Loan in a sentence

• In addition, the changes to the terms have been delivered to the Purchaser or its designee and reflected on the Conduit Loan Schedule.

• Each Conduit Loan that is funded with Commercial Paper will accrue CP Costs each day.

• Nothing contained herein shall prohibit or limit Borrower’s ability to amend or modify any of the CSF Documents or any of the RFC Documents or any of the TFC Documents or any document in connection with the TFC Conduit Loan or documents evidencing any other indebtedness of Borrower, provided Borrower provides Agent with a copy of the fully executed loan documents promptly within ten (10) days after execution.

• O’Shea House – Brookline Deborah Morse presented a proposal for a Commitment for Tax-Exempt Conduit Loan (Short- and Long-Term) for O’Shea House in Brookline.

• MassHousing will serve as the conduit lender under the Conduit Loan Program with Boston Private Bank & Trust (“Boston Private”) acting as the commercial lender.

More Definitions of Conduit Loan

Conduit Loan means a Loan made by a Conduit Lender.

Conduit Loan means the Three Million Dollar ($3,000,000) loan by the Authority to the Owner evidenced by the Conduit Note and funded by the proceeds of the Bank Loan, and any renewals, modifications, or extensions thereof.

Conduit Loan means a purpose invest- ment (as defined in § 1.148–

Conduit Loan means and refer to that certain loan, in the original principal amount of Twenty-Two Million Two Hundred Thousand Dollars ($22,200,000.00), made to West Oahu Mall Associates, LLC on or about September 19, 2005, by IXIS Real Estate Capital Inc., a New York corporation, and secured by loan documents, including but not limited to a Mortgage, Assignment of Leases and Rents and Security Agreement encumbering the Real Property and Improvements, dated September 19, 2005, made by West Oahu Mall Associates, LLC to IXIS Real Estate Capital Inc., which was recorded in the Office of the Assistant Registrar of the Land Court of the State of Hawaii as Document No. 3328441 (“Mortgage”), which loan and loan documents were subsequently assigned to Xxxxx Fargo. The outstanding principal balance for the Conduit Loan as of March 11, 2009, was approximately Twenty-One Million One Hundred Forty-Seven Thousand Two Hundred Seventy-Eight Dollars ($21,147,278).

Conduit Loan means that certain loan facility provided by Textron Financial Corporation to SPV in accordance with the terms of the Silverleaf Finance II Documents.

Conduit Loan is defined in Section 2.1(a) of the Conduit Loan Agreement.

Conduit Loan means (a) any funding under the Notes pursuant to Section 5 of the Note Purchase Agreement and Section 3.3 of the Participation Agreement or (b) any funding under the Notes pursuant to Section 3.7(b) of the Participation Agreement.