Lender Funds definition

Lender Funds means: funds in the Lender’s control, whether from Lender’s own account or from Lender’s warehouse bank line of credit or other funding source.
Sample 1Sample 2Sample 3
Lender Funds are the funds deposited by a Lender into the Client Account by bank transfer for the purposes of providing Limited Recourse Loan(s) to or receiving Claims from Loan Originator(s) to acquire Participation(s).
Sample 1Sample 2
Lender Funds means warehouse funds or other funds of the Lender to be advanced by the Lender to the Trustee which, in the aggregate, do not exceed the amount set forth in the Indenture.
Sample 1Sample 2

Examples of Lender Funds in a sentence

  • Lender may waive Borrower’s obligation to pay to Lender Funds for any or all Escrow Items at any time.

  • Once this clearance process has been successfully completed by Lendermarket, the Lender Funds shall be reflected in the Lender Account as available for Participation.

  • The Lenders’ act of transferring the $1.5 million to the Chapter 11 estate in June 2005 does not, without more, make the Lender Funds a section 506(c) surcharge.

  • Corp., 356 B.R. at 443.None of Ungaretti’s three bases for asserting a claim to the Lender Funds “ha[d] any likelihood of success,” the bankruptcy court concluded.

  • Under the agreement, Ungaretti and Szilagyi would waive their claims to the Lender Funds.

  • Lender may waive Borrower’s obligation to pay to Lender Funds for any and all Escrow Items at any time.

  • Ungaretti Reply Br. at 5.Steinberg argues that the Lender Funds are not a section 506(c) surcharge because the bankruptcy court never issued an order approving a surcharge against the Lenders’ collateral, and therefore “these proceedings have nothing to do with § 506(c).” Steinberg Br. at 8.

  • On appeal, Ungaretti argues that if the Lender Funds are retained by the Chapter 7 estate, they will be a “windfall” that unjustly enriches the estate.

  • Ungaretti argues that the Lender Funds were paid “through § 506(c) on the request of a Trustee” because Steinberg’s December 2005 motion for approval of the Szilagyi-Lender settlement characterized the Lender Funds as a surcharge pursuant to section 506(c), as did the bankruptcy court’s initial approval of the settlement.

  • First, Ungaretti contended that because its services provided the basis for the section 506(c) claim created by the Szilagyi- Lender settlement, it was entitled to the Lender Funds as a section 506(c) recovery.


More Definitions of Lender Funds

Lender Funds means the funds made available to the Lender for Phase-Related Predevelopment Work pursuant to the IIG Requirements.
Sample 1

Related to Lender Funds

  • Subordinated Lenders means the holders of Subordinated Debt.

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

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • DIP Lender means a lender under the DIP Facility.

  • 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.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

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

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Lender Group means, individually and collectively, each of the Lenders (including the Issuing Lender) and Agent.

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

  • 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.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • 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).

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

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

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • 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.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.