Fast Track Loan definition

Fast Track Loan means a Loan where, based upon an assessment of risk, the application was underwritten without requesting the applicants to provide evidence of the declared income and such Loan was subject to a maximum LTV of 75%; FATCA means Sections 1471 through 1474 of the US Internal Revenue Code of 1986, any regulations or agreements thereunder, any official interpretations thereof or any law implementing an intergovernmental approach thereto; FATCA Withholding means any withholding or deduction required pursuant to an agreement described in Section 1471(b) of the U.S. Internal Revenue Code 1986 or otherwise imposed pursuant to Sections 1471 through 1474 of the U.S. Internal Revenue Code 1986 (or any regulations thereunder or official interpretations thereof) or an intergovernmental agreement between the United States and another jurisdiction facilitating the implementation thereof (or any law implementing such an intergovernmental agreement); FCA means the Financial Conduct Authority; FCA Rules means the rules established by the FCA in the FCA's Handbook of rules and guidance from time to time;
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Examples of Fast Track Loan in a sentence

  • In no event shall the obligations of the Ex-Im Revolving Lender hereunder, under the Fast Track Loan Agreement and under the Ex-Im Bank Borrower Agreement be deemed to be distinct commitments; rather, this Agreement, the Fast Track Loan Agreement and the Ex-Im Bank Borrower Agreement describe different aspects of the same obligations.

  • The proceeds of Ex-Im Revolving Loans and the Ex-Im Letters of Credit shall be used only for purposes permitted under the Fast Track Loan Agreement and the Ex-Im Bank Borrower Agreement.

  • Each representation of the Ex-Im Borrowers contained in the Fast Track Loan Agreement is true and correct in all material respects.

  • The making of Ex-Im Revolving Loans and the issuance of Ex-Im Letters of Credit will be governed by the Fast Track Loan Agreement, the Ex-Im Bank Borrower Agreement and this Agreement; in the event of conflict among the terms of the Fast Track Loan Agreement, the Ex-Im Bank Borrower Agreement and the terms hereof, the terms of the Ex-Im Bank Borrower Agreement shall prevail.

  • Prior to allowing Lender to include any Capital Good as an Item in Section 4.A.(1.) of the Fast Track Loan Authorization Agreement, Borrower shall request and obtain from Ex-Im Bank an Economic Impact Approval regarding such proposed Items.

  • Borrower shall first review all Items it proposes for inclusion in Section 4.A.(1.) of the Fast Track Loan Authorization Agreement to determine if any proposed Item meets the definition of a Capital Good.

  • After the Ex-Im Effective Date, each representation of the Ex-Im Borrower contained in the Fast Track Loan Agreement is true and correct in all material respects.

  • The making of Ex-Im Revolving Loans will be governed by the Fast Track Loan Agreement, the Ex-Im Bank Borrower Agreement and this Agreement; in the event of conflict among the terms of the Fast Track Loan Agreement, the Ex-Im Bank Borrower Agreement and the terms hereof, the terms of the Ex-Im Bank Borrower Agreement shall prevail.

  • Unless previously terminated, (i) the Ex-Im Revolving Subcommitments shall terminate on the Commitment Termination Date (as defined in the Fast Track Loan Agreement), and (ii) all other Commitments shall terminate on the Maturity Date.

  • The Liens shall be of first priority with respect to the Collateral described in Section 6(A) of the Fast Track Loan Authorization Agreement, and the Liens shall have the priorities set forth in Sections 6(E) and (F) of the Fast Track Loan Authorization Agreement with respect to the other Collateral, in each case subject only to Permitted Liens.