Future Funding Loan definition

Future Funding Loan means any Purchased Loan with respect to which less than the full principal amount is funded at origination and the applicable Seller is obligated, subject to the satisfaction of certain conditions precedent under the related Purchased Loan Documents, to make additional advances to the Mortgagor. For the avoidance of doubt, Buyer shall be under no obligation to make any additional advances under a Future Funding Loan.
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Future Funding Loan means any Purchased Asset for which there is a Future Funding Amount outstanding.
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Examples of Future Funding Loan in a sentence

  • Notwithstanding the foregoing or anything set forth herein or in the Implementing Agreements to the contrary, obtaining such agreement by MetLife with respect to the Future Funding Loan shall not be a part of the Closing Consents Condition or a condition to the Closing.

Related to Future Funding Loan

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Existing Loan means the loan identified on Exhibit H.

  • Initial Loan is defined in Section 2.1.

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