Lending Limit means the maximum dollar amount permitted for the aggregate of insider loans made by a mortgage banker.
Lending Limit the limit on lending as set out in Schedule 1 (see also term 2.2);
Lending Limit. The maximum amount the Council will lend for your Care Charges as set out in Schedule 1. Loan: The total amount, at any time, which has been lent under this Agreement to pay Care Charges, and the words “lend”, “lending” and “lent” are used in this Agreement to describe the act of lending any amount to pay Care Charges.
Examples of Lending Limit in a sentence
The calculation of the Lending Limit is set out in the Council’s Deferred Payment Scheme Policy, and briefly in Schedule 1 of this Agreement.
You will be notified 6 months before the Lending Limit is expected to be reached.
This Agreement will end and the debt will stop accruing when the equity Lending Limit is reached.
The Council will cease to lend you any further amounts when the value of the Loan reaches the Lending Limit.
The Council will give you at least 30 days written notice of the date on which the Lending Limit will be reached unless it is not reasonably practicable to do so because, for example, the Lending Limit is reached by reason of a fall in the value of the property.
More Definitions of Lending Limit
Lending Limit has the meaning specified in Section 2.2(1).
Lending Limit means the maximum dollar amount permitted for the aggregate of insider loans arranged by a mortgage [broker.] company.
Lending Limit means an aggregate amount equal to $ , less unreimbursed advances, that is, amounts previously advanced by the Bank hereunder for the account of Borrower and not yet repaid.
Lending Limit means, subject to any reduction made in accordance with Section 2.16, (i) for the period from the Closing Date to December 31, 1997, the lesser of U.S. $7,500,000 (or the Equivalent Cdn. $ Amount) and the Margin Requirement; and (ii) for the period from January 1, 1998 to December 31, 1998, subject to extension of the Repayment Date, the lesser of (y) such amount as may be requested by the Borrower and agreed to by the Lender in its sole discretion, and (z) the Margin Requirement.
Lending Limit. As defined in original Loan Agreement. -------------
Lending Limit has the meaning set forth in Section 1.01. ------------- ------------ "Lien" means any mortgage, lien, pledge, encumbrance, ---- charge, retained security title of a conditional vendor or lessor or other security interest of any kind, whether arising under a security agreement, mortgage, deed of trust, chattel mortgage, assignment, pledge, retention or security title, financing or similar statement or notice or arising as a matter of law, judicial process or otherwise.
Lending Limit means (i) for the period from the Closing Date to December 31, 1995, the lesser of U.S. $7,500,000 and the Margin Requirement,; (ii) for the period from January 1, 1996 to December 31, 1996, the lesser of U.S. $6,500,000 and the Margin Requirement; (iii) for the period from January 1, 1997 to December 31, 1997, subject to extension of the Repayment Date, the lesser of U.S. $4,500,000 and the Margin Requirement; and (iv) for the period from January 1, 1998 to December 31, 1998, subject to extension of the Repayment Date, the lesser of U.S. $2,500,000 and the Margin Requirement."