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.
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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).
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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.
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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 balance of the Lender's Client Funds can be in the form of Lender Funds or Pending Payments with the relevant breakdown provided on the Lender Account.

  • The balance on the Lender Account is divided between being Lender Funds and Pending Payments, as applicable.

  • Pending Payments may occur as Loan Receivables are settled in tranches, during which an automatic offset of the difference between the outgoing Lender Funds for active Participation and incoming Loan Receivables takes place.

  • If the amount of such additional payments held by Lender ("Funds") at the time of the annual accounting thereof shall exceed the amount deemed necessary by Lender to provide for the payment of Impositions as they fall due, such excess shall be at Borrower's option, either repaid to Borrower or credited to Borrower on the next monthly installment or installments of Funds due.

  • As a result of the described offset, there can from time to time be instances in relation to a Loan Originator, where in a respective tranche the total amount of outgoing Lender Funds for active Participation is greater than the total amount of incoming Loan Receivables, subsequently creating a Pending Payments status until additional payments are received from the Loan Originator.

  • This means that all Lender Funds on Lender Account shall be continuously invested.

  • The Construction Lender Funds shall be deposited and held by Construction Lender as Construction Lender shall determine, to be disbursed as provided in the Construction Loan Agreement.

  • QB\12759948.5 QB\12759948.5 QB\12759948.5 Available Outstanding Name of Lender Funds April 29, 2011 Twin Disc, Prudential $17,857,143 $17,857,143 Incorporated (senior note) Twin Disc ING Brussels €2,628,000 None International SA (line of credit) Rolla SP CreditSuisse CHF650,000 None Propellers SA (line of credit) Twin Disc Standard Chartered Bank $1,500,000 $853,109 (Far East) Ltd.


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.
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Related to Lender Funds

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • 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 in New York, New York 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.