HUD Lender definition

HUD Lender. A Lender providing a HUD Loan to Landlord on the Premises.
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HUD Lender means each of HUD, Berkadia Commercial Mortgage, LLC, Lancaster Pollard Mortgage Company LLC, Love Funding, KeyBank, N.A., ORIX Real Estate Capital, LLC, and Red Capital Mortgage, LLC.
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HUD Lender means Centennial Mortgage, Inc., and its successors and assigns.
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Examples of HUD Lender in a sentence

  • Further, so long as the Loan is insured by HUD, Lender may not exercise its option to apply insurance proceeds to the payment of the Indebtedness without the prior written approval of HUD.

  • So long as the Loan is insured by HUD, no advances made by Lender under this subsection (i) shall become part of the Indebtedness as provided in Section 13 unless such advances receive the prior written approval of HUD and provided further that unless approved by HUD, Lender shall have no obligation to make any such advances.

  • So long as the Loan is insured or held by HUD, Lender does not have any obligation to make advances except as required under Program Obligations, and any advance by Lender other than as required by Program Obligations requires prior HUD approval before such advance can be added to the Indebtedness.

  • Upon an Event of Default under the Borrower’s Regulatory Agreement and upon the request of HUD, Lender, at its option, may declare an Event of Default of this Security Instrument.

  • Any such out-of-pocket costs of Lender which Borrower fails to pay promptly shall become an additional part of the Indebtedness as provided in Section 13; provided that so long as the Loan is insured by HUD, no advances made by Lender under this subsection (e) shall become an additional part of the Indebtedness unless such advances receive the prior written approval of HUD and provided further that unless approved by HUD, Lender shall have no obligation to make any such advances.

  • This Lease may be modified only by a written instrument signed by Landlord and Tenant and approved by Landlord's Lender and by the HUD Lender or HUD, as applicable.

  • Summerville shall reasonably cooperate with Lessors and shall provide Lessors with all information about Summerville and its Affiliates which may reasonably be requested by the Mortgagees or HUD in connection with Lessors' requests for approval of the Transaction by the Mortgagees and HUD ("Lender Approval").

  • Tenant agrees to attorn, from time to time, to Lender, HUD Lender or to any purchaser of the Premises, for the remainder of the Term, provided that Lender, HUD Lender or such purchaser shall be entitled to possession of the Premises, subject to the provisions of this Lease.

  • This Lease may be modified only by a written instrument signed by Landlord and Tenant and approved by Landlord’s Lender and by the HUD Lender or HUD, as applicable.

  • This Lease shall be subject and subordinate to any Mortgage and to all advances made upon the security thereof provided that Lender or any HUD Lender shall execute and deliver to Tenant an agreement in a form reasonably requested by Lender or HUD Lender (“SNDA Agreement”), providing that Lender or HUD Lender recognizes this Lease and agrees to not disturb Tenant’s possession of the Premises in the event of foreclosure if Tenant is not then in default hereunder beyond any applicable cure period.

Related to HUD Lender

  • Approved Lender is defined in Section 12.1.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • Terminated Lender as defined in Section 2.23.

  • New Lender as defined in Section 2.1(c).

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

  • Non-BA Lender means any Lender which is not a BA Lender.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Refinancing Lender means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

  • Exiting Lender see Section 2.17.7.

  • Lender Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 9.07(a).

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Existing Lenders has the meaning specified in the recitals hereto.