Deemed Loan definition

Deemed Loan is defined in Section 2.2(a) of this Agreement.
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Deemed Loan is defined in Section 2.2(a) of the Purchase and Sale Agreement.
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Deemed Loan means a draw or claim by Borrower under a Lender Credit Support Document which shall, for the avoidance of doubt, be permitted only pursuant to, and in accordance with, the HoldCo Lender Backstop Agreement.
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Examples of Deemed Loan in a sentence

  • The resulting Deemed Loan Debt (DLD) for the property will be the outstanding balance of the original DLD plus the new DLD attributable to the repurchased part of the property (i.e. the 30% (or more) of the payment to the leaseholder that was not funded by recycled grant).

  • The RP has increased the Deemed Loan Debt on the property by the element of the payment to the leaseholder that was not funded by recycled i.e. 30% x £80,000 = £24,000.

  • In order to determine the notional gross sales receipt, RPs are required to obtain a valuation of the property from an independent RICS accredited qualified valuer on the assumptions of:• Vacant possession; and• Existing useEligible deductions are the same as for open sale i.e.• The Deemed Loan Debt;• Reasonable valuation fees and expenses; and• Reasonable legal fees and expenses of the disposal.

  • Following these Relevant Events the GLA will make certain allowances, in particular for: • Costs, fees and expenses incurred by the RP in direct relation to the Relevant Event; • The deferral or reduction of grant recovered where Net Sales Receipts are less than the amount of grant that is, in theory, recoverable; and • Deemed Loan Debt.

  • For shared ownership schemes approved before 1 April 1993, the Deemed Loan Debt calculations take into account the percentage of equity initially sold.

  • For shared ownership schemes approved on or after 1 April 1993, Deemed Loan Debt is apportioned according to the market values of the dwellings at practical completion of the scheme.

  • The purchase of the rights is reflected in the Company accounts as a deemed loan repayable by the Transferor, known as the Deemed Loan to Originator (“DLO”).

  • For rental schemes RPs must apportion Deemed Loan Debt in the same way as they apportion grant.

  • Or• An outright sale to a sitting tenant other than on Right to Buy/Right to Acquire/Social HomeBuy terms.Outright sale excludes sales under Social HomeBuy, the Right to Acquire, the Right to Buy, and sales or transfers to other RPs.The gross sale receipt must not be below a valid valuation by an Independent RICS Qualified Valuer.From the gross sales receipt RPs may deduct the following eligible deductions to arrive at the net sale receipt:• The Deemed Loan Debt.• Reasonable valuation fees and expenses.

  • The ability of the Company to meet its obligations under the loan notes will be directly dependent primarily upon the receipt by it of principal and interest from the obligors under the Deemed Loan to the Originator.


More Definitions of Deemed Loan

Deemed Loan shall have the meaning provided in Section 4.5.1.
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Deemed Loan means, with respect to any Commitment terminated as a result of a Commitment Termination Event, a Loan in a principal amount equal to the principal amount of such Commitment (immediately prior to being terminated) and deemed to be funded on the Applicable Measurement Date.
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Deemed Loan has the meaning set forth in Section 2.3(b).
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Related to Deemed Loan

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Repurchased Loan has the meaning set forth in Section 2.3(a).

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Qualified Loan means a loan made under this act or former 1961 PA 108 from this state to a school district to pay debt service on a qualified bond.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Ineligible Loan Each Loan other than an Eligible Loan.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans sold by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • PPP Loan has the meaning set forth in Section 3.28.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • 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:

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Corrected Mortgage Loan Any Mortgage Loan that had been a Specially Serviced Mortgage Loan but has ceased to be such in accordance with the definition of "Specially Serviced Mortgage Loan" (other than by reason of a Liquidation Event occurring in respect of such Mortgage Loan or a related Mortgaged Property becoming an REO Property).

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan:

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Precomputed Loan means any Loan under which the portion of a payment allocable to earned interest (which may be referred to in the related Loan as an add-on finance charge) and the portion allocable to principal are determined according to the sum of periodic balances, the sum of monthly payments or any equivalent method or are monthly actuarial loans.