Land Loan Facility definition

Land Loan Facility means the land loan facility up to the principal amount as specified in the Facility Letter to be made available to the Borrower in accordance with the terms and conditions set out in the Facility Letter and this Agreement.
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Examples of Land Loan Facility in a sentence

  • PROVIDED ALWAYS that if any partial prepayment of the Land Loan Facility and/or the Construction Loan Facility is made by the Borrower within the period of ( ) months from the date of first disbursement of the Land Loan Facility or any part thereof, the Borrower shall pay to the Lender a prepayment fee calculated at the rate of per cent ( %) of the prepaid amount or at such other rate as may be fixed by the Lender from time to time.

  • The interest rates of the Land Loan Facility and the Construction Loan Facility are specified in the Facility Letter.

  • In the event the Land Loan Facility and/or Construction Loan Facility or any part thereof is/are cancelled or not utilised by the Borrower after acceptance of the Facility Letter, the Borrower shall pay a cancellation fee of one per cent (1%) of the total original loan amounts and any other costs and charges incurred by the Lender on behalf of the Borrower.

  • In the event the Land Loan Facility and/or the Construction Loan Facility or any part thereof is/are cancelled or not utilised by the Mortgagor or the Borrower after acceptance of the Facility Letter, the Mortgagor and/or the Borrower shall pay a cancellation fee of one per cent (1%) of the total original Land and Construction Loans amount and any other costs and charges incurred by the Lender on behalf of the Mortgagor and/or the Borrower.

  • PROVIDED ALWAYS that if any partial prepayment of the Land Loan Facility and/or the Construction Loan Facility and/or Development Charge Loan Facility is made by the Borrower within the period of ( ) months from the date of first disbursement of the Land Loan Facility or any part thereof, the Borrower shall pay to the Lender a prepayment fee calculated at the rate of per cent ( %) of the prepaid amount or at such other rate as may be fixed by the Lender from time to time.

  • In the event the Land Loan Facility, the State Land Loan Facility, the Development Charge Loan Facility and/or the Construction Loan Facility or any part thereof is/are cancelled or not utilised by the Borrower after acceptance of the Facility Letter, the Borrower shall pay a cancellation fee of one per cent (1%) of the total original loan amounts and any other costs and charges incurred by the Lender on behalf of the Borrower.

  • Declared Series 16 Distributions shall be paid to the Series 16 Holders in same-day funds on each Series 16 Distribution Payment Date or other distribution payment date in the case of payments for Series 16 Distributions in Arrears.

  • The interest rates of the Land Loan Facility, State Land Loan Facility, the Constructions Loan Facility and the Development Charge Loan Facility are specified in the Facility Letter.

  • PROVIDED ALWAYS that if any partial prepayment of the Land Loan Facility and/or the Construction Loan Facility and/or State Land Loan Facility and/or Development Loan Facility is made by the Borrower within the period of ( ) months from the date of first disbursement of the Land Loan Facility or any part thereof, the Borrower shall pay to the Lender a prepayment fee calculated at the rate of per cent ( %) of the prepaid amount or at such other rate as may be fixed by the Lender from time to time.

  • As used in this Article 3, the term “whole Board” means the total number of directors which the Corporation would have if there were no vacancies.

Related to Land Loan Facility

  • Interfund loan means a loan of cash from one fund to another, subject to future repayment.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Front-end Load means the Sales load which may be included in the offering price of the Units; provided however that different levels of Front-end Load may be applied to different investors, as determined by the Management Company. However aggregate of Front-end Load and Back-end Load should not exceed 3% of Net Asset Value.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Savings and loan association means an association established under Act No. 156 of the Public Acts of 1964, as amended, being sections 489.501 to 489.920 of the Michigan Compiled Laws, or a federal savings and loan association established under the laws of the United States having its main office in this state.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Back-end Load means the charge deducted from the Net Asset Value in determining the Redemption Price; provided however that different levels of Back-end Load may be applied to different classes of Units, as specified in this document.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467a(b) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Bank Loan has the meaning specified in Annex C.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Note A-1 Securitization means the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.

  • Warehouse Lender means any lender providing financing to Seller for the purpose of warehousing, originating or purchasing a Mortgage Loan, which lender has a security interest in such Mortgage Loan to be purchased by Purchaser.

  • Term Loan Secured Parties means the “Secured Parties” as defined in the Term Loan Credit Agreement.

  • Note A-1-1 Securitization means the first sale by the Note A-1-1 Holder of all or a portion of Note A-1-1 to a depositor who will in turn include such portion of Note A-1-1 as part of the securitization of one or more mortgage loans.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.