Fixed Asset Loans definition

Fixed Asset Loans means that portion of the Revolving Loans that is predicated on the value of Eligible Equipment and Eligible Real Estate.
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Fixed Asset Loans means, collectively, amounts advanced from time to time by the Lenders to the Borrower under the Fixed Asset Commitment, not to exceed the amount of the Fixed Asset Commitment, excluding any amounts advanced as Swing Loans or Agent Advances.
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Fixed Asset Loans has the meaning set forth on the Schedule.
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Examples of Fixed Asset Loans in a sentence

  • We put in place and refined the relevant working systems such as Administrative Measures for Working Capital Loans, Administrative Measures for the Uses of Working Capital Loans, Administrative Measures for Fixed Asset Loans Management, and Administrative Measures for the Uses of Fixed Asset Loans whereby substantial risk items involved in credit approvals for various businesses were under control and positive results were evident.

  • During the same period, CBRC released Interim Measures for the Administration of Working Capital Loans and Interim Measures for the Administration of Personal Loans, and they are called “three measures and one guidance” together with Interim Measures for the Administration of Fixed Asset Loans and Guidance on Project Finance Business.

  • If the recovery waits for TCP time-outs, the performance would be equivalent to that seen in fade recovery with the fade length equals to the handoff delay.

  • This is due to the lack of national requirements in the three main commercial bank lending guidelines of PRC’s General Lending Rule (1996), Interim Measures for the Administration of Fixed Asset Loans (2009), and Guidelines for Commercial Project Financing (2009).

  • The rate will be fixed for the term of the loan or set at a five-year (5) adjustable rate. Term of Fixed Asset Loans: The term of a fixed asset loan will ordinarily not be greater than the weighted average useful life of the fixed assets of the project. Security: Security will be required and usually will be in the form of liens on the assets thereby financed, including fixed assets, equipment, receivables, inventory, etc.

  • The loan origination, development, credit reviews, and approval processes are in strict compliance with the PRC’s General Lending Rule (1996),4 Interim Measures for the Administration of Fixed Asset Loans (2009),5 and Guidelines for Commercial Project Financing (2009).6 The three main commercial bank lending guidelines do not include requirements on resettlement and indigenous people.

  • Interest shall be payable by Borrowers to Lender monthly in arrears not later than the first day of each calendar month and shall be calculated on the basis of a three hundred sixty (360) day year and actual days elapsed, other than for Prime Rate Loans or Prime Rate Fixed Asset Loans which shall be calculated on the basis of three hundred sixty-five (365) or three hundred sixty-six (366) day year, as applicable, and actual days elapsed.

  • We put in place and refined the relevant working systems such as Administrative Measures for Working Capital Loans, Administrative Measures for the Uses of Working Capital Loans, Administrative Measures for Fixed Asset Loans, and Administrative Measures for the Uses of Fixed Asset Loans whereby substantial risk items involved in credit approvals for various businesses were under control and positive results were evident.

  • Loans requested shall be deemed to be Eurodollar Rate Fixed Asset Loans or Prime Rate Fixed Asset Loans, as the case may be up to the amount of Fixed Asset Availability, then in effect.

  • Fixed Asset Loans- The term of a fixed asset loan will ordinarily be 7 to 10 years for machinery and equipment and a maximum of 25 years for real estate, not to exceed the useful life of the fixed assets.

Related to Fixed Asset Loans

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group I-A Distribution Amount for the Class I-A-11 Certificates required to be distributed to Holders of the Class I-A-11 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group I-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class I-A-11 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class I-A-11 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • 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:

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.