Examples of HUD Loan in a sentence

This Guaranty will terminate (“Termination”) upon the full performance, payment and satisfaction of all of the Guaranteed Obligations and the termination of all HUD Loan Documents or upon the death of the Guarantor, if such Guarantor is an individual.
Subject to the limitations contained in Section 28 of this Guaranty, Guarantor guarantees that the obligations of the HUD Loan Documents shall be paid, performed and observed strictly in accordance with the terms of the HUD Loan Documents.
The rights of the Lender under this Guaranty shall be in addition to and not in limitation of all of the rights and remedies of the Lender under the other HUD Loan Documents.
The obligations of Guarantor under this Guaranty are independent of the obligations of the HUD Loan Documents.
Without limiting the generality of the foregoing, the liability of Guarantor shall extend to all amounts which constitute part of the obligations of a HUD Loan Document and would be owed by a Borrower to the Lender under such HUD Loan Document but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization, or similar proceeding involving a Borrower.

More Definitions of HUD Loan

HUD Loan means that certain first mortgage loan in the original principal amount of Thirteen Million Six Hundred Sixteen Thousand Seven Hundred Dollars ($13,616,700), made to Seller by Pacific Commonwealth Mortgage Company, a California corporation (“Lender”) on or about July 1, 1999, guaranteed by the United States Department of Housing and Urban Development (“HUD”), which loan is secured by the Property.

HUD Loan means one or more loans to the Maker from the City of Rochester from the proceeds of a loan made to the City by the Federal Short-Term U.S. Government Trust or such other entity designated by HUD to which HUD provides financial accommodations in the aggregate principal amount of up to $5,000,000 or such lesser principal amount as the City may actually loan to the Maker after the Maker exerts best efforts to secure a loan from the City under this program in the principal amount of $5,000,000; the HUD Loan shall consist of a $2,000,000 ten (10) year term loan secured only by a first lien on all Xxxxxx Cooperage and filling equipment of the Maker and a $3,000,000 twenty (20) year first mortgage loan secured by all real property of the Maker, each bearing interest at a fixed rate not exceeding that of a Treasury note or bond of comparable maturity plus 2% per annum.

HUD Loan means that certain Mortgage Note dated September 6, 2001, in the original principal amount of $7,284,500 from Delaware Investment Associates, LLC, a Delaware limited liability company, as maker, payable to the order of AMI Capital, Inc., a Delaware corporation, as payee, which is insured by the U.S. Department of Housing and Urban Development (“HUD“) and secured by the Mortgage between Delaware Investment Associates, LLC and AMI Capital, Inc., dated September 6, 2001, and recorded on September 6, 2001 in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware, in Instrument No. 20010906-0073583;

HUD Loan means that certain Mortgage Note, dated September 6, 2001, in the original principal amount of $7,284,500 from DIA, as maker, payable to the order of AMI Capital, Inc., a Delaware corporation, as payee (the “HUD Lender”), which is insured by HUD and secured by the Mortgage between DIA and HUD Lender, dated September 6, 2001, and recorded on September 6, 2001 in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware, in Instrument No. 20010906-0073583. Other capitalized terms used in this Agreement have the respective meanings assigned to such terms elsewhere in this Agreement. For ease of reference, the page containing the definition of each such capitalized term is listed in the table of defined terms included elsewhere as a part of this Agreement.

HUD Loan. Is defined in Section 2.2(a). HUD’s loan to the COUNTY of $2,500,000, which amount shall be passed through to the Borrower subject to the Agreement and the Loan Documents.

HUD Loan means that certain Mortgage Note dated September 6, 2001, in the original principal amount of $7,284,500 from DIA, as maker, payable to the order of AMI Capital, Inc., a Delaware corporation (the “HUD Lender“), as payee, which is insured by HUD and secured by the Mortgage between DIA and HUD Lender, dated September 6, 2001, and recorded on September 6, 2001 in the Office of the Recorder of Deeds in and for New Castle County, State of Delaware, in Instrument No. 20010906-0073583;

HUD Loan as defined in Section 2.01.