Funded Loan definition

Funded Loan means (a) a Loan that is made pursuant to Section 1.2(b) and (b) a Participation Advance made by an LC Participant pursuant to Section 1.14(b).

Funded Loan means a loan to a Customer Introduction that is approved for funding, and a SmartBiz Lender has disbursed all of the loan proceeds to the Customer.

Funded Loan has the meaning specified in Section 8.7.

Examples of Funded Loan in a sentence

• Funded Loan: An Eligible Lender may extend an MSNLF Loan, an MSPLF Loan, or an MSELF Upsized Tranche to an Eligible Borrower and fund such loan.

• No later than 11:00 a.m. New York time on the Check Reconciliation Date, pursuant to the Check Disbursement Agreement, Check Disbursement Bank shall make available to Disbursement Agent any Check Funding Exceptions with respect to a check or a Check Funded Loan.

• Disbursement Agent shall track each check funded on respect of a Check Funded Loan and notify Buyer, pursuant to the Daily Report, when each check with respect to a Check Funded Mortgage Loan has been paid.

• The disbursing of funds by Disbursement Agent shall constitute Disbursement Agent's certification that no Fatal Information Exception exists with respect to any Check Funded Loan funded pursuant to this Section 11(c)(i)(G).

• With respect to each Table Funded Mortgage Loan, BAC shall cause the Settlement Agent or Designated Fax Distributor to deliver to the Custodian by facsimile the Initial Table Funded Loan Documents.

More Definitions of Funded Loan

Funded Loan. A Loan acquired by the Depositor on a Funding Date.

Funded Loan means a loan to a Company Customer resulting from an Application that was submitted: a) after clicking (or otherwise affirmatively acting) on a Promotion, and b) within thirty (30) days following Company Customer’s click (or other affirmative act) of the Promotion.

Funded Loan. The meaning set forth in Section 2.1(a)(ii).

Funded Loan means a residential mortgage loan available for sale that, as of the date of this Agreement, shall have been closed and funded, but has not been purchased by a secondary market investor. For purposes of this definition, a mortgage loan is purchased by a secondary market investor when the secondary market investor has paid the full amount of the agreed upon purchase price for such mortgage loan to FCB or the relevant FCB Subsidiary.

Funded Loan meansmeans (a) a Loan that is made pursuant to Section 1.2(b) and (b) a Participation Advance made by an LC Participant pursuant to Section 1.14(b).

Funded Loan means the outstanding principal balance of any Loan that has been Funded by a Lender pursuant to Section 2.01 (Loans), excluding, for the avoidance of doubt, any Capitalized Interest.

Funded Loan means a loan to a Customer Referral that is approved for funding, and is funded, by a SmartBiz Lender.