HUD Loans definition

HUD Loans means the mortgage loan(s) made by XXX Xxxxxx and insured or held by HUD with respect to the Facility.
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HUD Loans means those certain mortgage loans insured by the U.S. Department of Housing and Urban Development, secured by certain of the Facilities.
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HUD Loans shall have the meaning assigned to such term in Section 6.01(z).
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Examples of HUD Loans in a sentence

  • The HUD Loans are not part of a revolving credit facility and to the extent repaid, Borrower may not reborrow under this credit facility.

  • HUD Loans shall bear interest in accordance with the terms set forth in Section 2.13 hereof.

  • Loans Held for Sale The HUD Loans, which are designated held for sale, have been valued at their carrying amount which approximates fair value given that the assumptions used to value such loans at their date of purchase have remained relatively constant.

  • Subject to the provisions of subsection (a)(iii) below, the HUD Loans shall bear interest at a rate per annum equal to the applicable Interest Rate for the HUD Loans, and such interest shall be due and payable on the first day of every month, commencing with the first day of the first month immediately following the first advance of a HUD Loan to Borrower.

  • Buyer shall pay to Seller the Purchase Price less (i) the principal balances of the HUD Loans, (ii) the Vandalia HUD Loan, (iii) the Seller Note and (iv) the Deposit (and all accrued interest thereon) (hereinafter referred to as the “Cash Consideration”), by wired funds received by the Title Insurer at or before 4:00 p.m., Eastern Standard Time, on the Closing Date in accordance with written wiring instructions provided to Buyer by the Title Insurer.

  • Buyer shall satisfy the principal balance of the HUD Loans for the Facilities (the “HUD Loans”), excluding the Vandalia HUD Loan.

  • Federal Government (HUD) Federal Government (HUD) Federal Government (HUD) Federal Government (HUD) Federal Government (HUD) Federal Government (HUD) Federal Government (HUD) Loans for housing and non-housing projects.

  • The carrying amounts and the estimated fair values of the LLC's financial instruments and real estate owned at December 31, 1996 are as follows: Carrying Amount Fair Value --------------- ---------- Financial Assets: Cash and cash equivalents $ 10 $ 10 Loans held for sale 110,702 110,702 Real estate owned, net 25,595 31,738 NOTE 4 HUD LOAN PORTFOLIO The LLC acquired the HUD Loans through an auction at a discount with the intent of securitizing and selling the majority of the loans.

  • Proceeds from the sale of securities resulting from the securitization of 9,825 HUD Loans in October, 1996 and additional capital contributions by the Partners were used to fully repay the note payable in 1996.

  • Commencing on the first day of the Amortization Period and continuing on the first day of each month thereafter, the Outstanding Amount of the HUD Loans, together with interest thereon, shall be repaid in equal consecutive monthly payments of principal and interest in an amount sufficient to fully amortize the HUD Loans during the Amortization Period.


More Definitions of HUD Loans

HUD Loans means the three (3) HUD loans which currently encumber: (a) Batesville Healthcare Center, (b) Broadway Healthcare Center and (c) Xxxxxx Healthcare Center.
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Related to HUD Loans

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • 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.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Revolving Loans as defined in Section 2.4(a).

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Offered Loans has the meaning specified in Section 2.05(d)(iii).

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • 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

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

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

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Term Loan Advances are each defined in Section 2.1.1(a).