Loan Accrual Period definition

Loan Accrual Period means, with respect to each Loan, initially the period from and including the Applicable Loan Closing Date to but excluding the first Loan Accrual Date after the Applicable Loan Closing Date, and thereafter each subsequent period from and including a Loan Accrual Date to but excluding the next Loan Accrual Date. Loan Closing Date means each date on which Loans are made by Lender to a Borrower pursuant to this Agreement.
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Loan Accrual Period. “Loan Closing Date”, “Loan Repayment Amount”, “Loan Requests”, “Loan Subscription Date”, “Market Price”, “Market Value”, “Master TALF Collateral Account”, “Maturity Date”, “New Acquisition Collateral”, “Obligation”, “Person”, “Sales Confirmation”, “SBA Pool Certificates”, “TALF Agent”, and “TALF Standing Loan Facility Procedures” are defined in the MLSA.
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Examples of Loan Accrual Period in a sentence

  • Interest shall be computed on the basis of 365 days in a year and actual days elapsed (the amount of interest accrued during each Loan Accrual Period, the “Monthly Loan Interest Expense Amount”; provided, that for all purposes of this Agreement the Monthly Loan Interest Expense Amount with respect to any Loan shall also include the Required Monthly Amortization Amount with respect thereto).

  • Interest shall be computed on the basis of 365 days in a year and actual days elapsed (the amount of interest accrued during each applicable Loan Accrual Period, (i) with respect to any Loan other than a Floating Rate 30-Day Average SOFR Loan, the “Monthly Loan Interest Expense Amount” and (ii) with respect to any Floating Rate 30-Day Average SOFR Loan, the “Quarterly Loan Interest Expense Amount”).

  • The Servicing Fee shall accrue on a 30/360 Basis during each Mortgage Loan Accrual Period at the Servicing Fee Rate on the aggregate Component Principal Balance of all Components of the Mortgage Loan (without giving effect to any Value Reduction Amounts that may be applied to any Components of the Mortgage Loan) at the beginning of such Mortgage Loan Accrual Period.

  • The Special Servicing Fee will be earned with respect to the Mortgage Loan for so long as it is a Specially Serviced Mortgage Loan, will be calculated on a 30/360 Basis and accrue at the Special Servicing Fee Rate on the aggregate Component Principal Balance of all Components of the Mortgage Loan (without giving effect to any Value Reduction Amounts that may be applied to any Component of the Mortgage Loan) at the beginning of each Mortgage Loan Accrual Period and be payable pursuant to Section 3.05(a).

  • The “Larkspur Hotel Portfolio Spread Increase Accrual Amount” with respect to any Distribution Date will equal interest accrued during the related Mortgage Loan Accrual Period for the Larkspur Hotel Portfolio Loan on the outstanding Principal Balance for such loan at a per annum rate equal to the Larkspur Hotel Portfolio Spread Increase, calculated on the basis of a 360-day year and the actual number of days elapsed in such Mortgage Loan Accrual Period.

  • Instead of the Servicing Fee, for any Mortgage Loan Accrual Period during which the Mortgage Loan is a Specially Serviced Mortgage Loan, the Servicer will be entitled to the Special Servicing Fee.

  • As compensation for its activities hereunder, during any Mortgage Loan Accrual Period in which the Mortgage Loan is not a Specially Serviced Mortgage Loan, the Servicer shall be entitled to the Servicing Fee.

Related to Loan Accrual Period

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.