Cost of Borrowing Disclosure definition

Cost of Borrowing Disclosure means the mandatory statement setting out the information required by law to be given to the Chargor as it relates to the Loan and includes the disclosure information sent to the Chargor in the event the Mortgage is renewed with the Chargee.
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Cost of Borrowing Disclosure means the mandatory statement setting out the information required by law to be given to the Borrower as it relates to the Loan and includes the disclosure information sent to the Borrower in the event any part of the Loan is renewed with the Lender. Finally, “Agreement(s)” when used in this Contract, means all of the contracts, agreements, promissory notes, bills of exchange, notices or other documents which evidence, govern or relate to the Indebtedness including, without limitation, the Cardholder Agreement, this Contract, the Commitment, the Cost of Borrowing Disclosure and all supplements, amendments, renewals, substitutions and replacements of them.
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Cost of Borrowing Disclosure means the mandatory statement setting out the information required by law to be given to you as it relates to the fixed loan and includes the disclosure information sent to you in the event the mortgage is renewed with us.
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Examples of Cost of Borrowing Disclosure in a sentence

  • Please see any special conditions in the Approval of Mortgage and Cost of Borrowing Disclosure Statement for any exceptions to the above.

  • If the closing date is extended beyond the commitment expiry date noted in the Approval of Mortgage and Cost of Borrowing Disclosure Statement, you must advise the Mortgagor(s) to contact the Personal Banker or Mortgage Specialist immediately.

  • The amount of the deduction appears in the Approval of Mortgage and Cost of Borrowing Disclosure Statement.

  • Ensure that the Mortgagor(s), and if applicable the Guarantor(s), signs the Approval of Mortgage and Cost of Borrowing Disclosure Statement before signing the Mortgage.

  • Funds should not be disbursed until: A copy of the Approval of Mortgage and Cost of Borrowing Disclosure Statement has been signed by the Mortgagor(s) and the Guarantor(s), if applicable.

  • Finally, “Agreement(s)” when used in this Contract, means all of the contracts, agreements, promissory notes, bills of exchange, notices or other documents which evidence, govern or relate to the Indebtedness including, without limitation, the Cardholder Agreement, this Contract, the Commitment, the Cost of Borrowing Disclosure and all supplements, amendments, renewals, substitutions and replacements of them.

  • Prepayment of amounts more than the amounts described in the Commitment and/or Cost of Borrowing Disclosure may result in prepayment charges.

  • The Chargor may prepay part of the Principal Amount before the Maturity Date only in accordance with the prepayment privileges described in the Commitment and/or Cost of Borrowing Disclosure.

  • Section 3 (b)Insert the principal and interest payment amount and payment schedule information from Mortgage Loan Agreement and Cost of Borrowing Disclosure Statement.

  • The Company agrees not to appoint any other depositary for the issuanxx xx Xxxxxxxx Xxxxxxxxxx Xxxxxx xx xxxx xs The Bank of New York is acting as Depositary hereunder, subject, however, to the rights of the Company under Section 5.04.


More Definitions of Cost of Borrowing Disclosure

Cost of Borrowing Disclosure means the mandatory statement setting out the information required by law to be given to the Borrower as it relates to the Loan and includes the disclosure information sent to the Borrower in the event any part of the Loan is renewed with the Lender. Finally, “Agreement(s)” when used in this Contract, means all of the contracts, agreements, promissory notes, bills of exchange, notices or other documents which evidence, govern or relate to the Indebtedness including, without limitation, the Cardholder Agreement, this Contract, the Commitment, the Cost of Borrowing Disclosure and all supplements, amendments, renewals, substitutions and replacements of them. CONVERTING THE ADJUSTABLE RATE LOAN The Borrower has the option to convert the Interest Rate from the adjustable rate to a fixed rate for a term equal to or greater than the remaining term of the Adjustable Rate Loan. A request to convert the Adjustable Rate Loan must be sent in writing to the Lender. A request to convert may be refused if the Borrower is or has been in default in payment or otherwise under this Contract or an Agreement. If the Borrower’s request is accepted, the conversion will take effect on the next payment date, but if the Borrower’s request is received by the Lender less than five (5) business days prior to such payment date, the conversion may take effect on the next following payment date. The fixed interest rate will be the Lender’s posted rate for the same type of loan product the Borrower is converting for the term the Borrower has chosen on the date the written request for conversion is received and approved by the Lender. In such instance, the Borrower must sign the Lender’s conversion agreement and pay the Lender’s then current administration and processing fee for converting the Adjustable Rate Loan. PAYMENT OF INDEBTEDNESS ON THE BALANCE DUE DATE OR MATURITY DATE The Borrower undertakes to pay any outstanding balance of the Rate Adjustable Loan on the Balance Due Date or maturity date shown on the Agreement then governing the Adjustable Rate Loan and for each other part of the Indebtedness on the Balance Due Date or maturity date set out in the Agreement relating to that part of the Indebtedness or any agreement amending the Agreement. SECURED OBLIGATIONS AND DISCHARGE
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Related to Cost of Borrowing Disclosure

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Borrowing Certificate means a Borrowing Certificate substantially in the form of Exhibit A.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • Borrowing Notice is defined in Section 2.8.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Cost of Qualified Borrowings means the cost, as reasonably determined by the Bank and expressed as a percentage per annum, of the outstanding borrowings of the Bank drawn down after June 30, 1982, excluding such borrowings or portions thereof as the Bank has allocated to fund: (A) the Bank’s investments; and (B) loans which may be made by the Bank after July 1, 1989 bearing interest rates determined otherwise than as provided in paragraph (a) of this Section.

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Request for Borrowing has the meaning provided in Section 2.3(a).