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 has the meaning specified in Section 2.1 of the Loan ------------- Agreement.

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.

Conduit Loan means a commercial mortgage loan, secured by a first mortgage on real property, that in Lender's determination, satisfies the following criteria: (a) principal balance not exceeding $40,000,000; (b) bears interest at a fixed rate with prepayment protection satisfactory to Lender; (c) no unfunded loan advances; (c) single-asset borrower complying with all applicable rating agency requirements; (d) no subordinate financing; (e) debt service coverage of at least 1.25:1; (f) 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 (g) in full compliance with such other "conduit" underwriting and structuring requirements as Lender shall establish from time to time.

Conduit Loan means a first mortgage loan on commercial real ------------ estate, which is originated or purchased by the Borrower, and which satisfies the general requirements for, a conduit program in a commercial mortgage-backed securities offering, and which Conduit Loan includes, without limitation (i) a Mortgage Note and related Mortgage and (ii) all right, title and interest of the holder of such Mortgage Note in and to the Mortgaged Property covered by such Mortgage.

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