Loan Action definition

Loan Action shall have the meaning specified in Section 8.07 of the Indenture.
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Loan Action means an activity or decision regarding a specific BCIDA Loan including a decision to engage or not to engage in a particular activity, such as a decision not to enter a Protective Bid at a senior lienholder's foreclosure sale.
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Examples of Loan Action in a sentence

  • All servicing and liquidation Loan Action decisions, including the justification for the decision, must be documented in the Loan File or Computer Tracking System.

  • An Environmental Investigation must be conducted before taking any Loan Action that could result in a loss, or increase the risk of loss, due to the actual or alleged presence of Contamination.

  • McMahon MI, Rekhi S, Nelmes RJ (2001) Pressure dependent incommensuration in Rb-IV.

  • Generally, a new credit report should be ordered to verify the financial information submitted in support of the proposed Loan Action.

  • When SBA’s prior approval is required, a request for reconsideration of an SBA Loan Center’s decision regarding a proposed Loan Action may only be submitted if relevant new facts are provided.

  • A list of the Obligors and a statement as to whether their consent has been or will be obtained for the proposed Loan Action.

  • Any contemplated Loan Action that is in conflict with the use of the word “must” in this SOP must be treated as an exception to policy.

  • In accordance with Chapter 3, the response to the Servicing Request must be noted in the Computer Tracking System or Loan File; a copy of the Loan Action Record and Supporting Documents must be kept in the Loan File; and the substance of any telephone calls or face-to-face meetings regarding the Servicing Request must be kept in the Loan File or entered into a Computer Tracking System.

  • Requests for SBA approval of a proposed Loan Action should be in the form of a clearly and concisely drafted letter based on the Lender’s internal credit memorandum.

  • SBA’s prior written approval of a workout plan is not required unless the plan includes a compromise of the principal loan balance or some other Loan Action that requires SBA’s prior written approval.

Related to Loan Action

  • Loan Account has the meaning set forth in Section 2.10.

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Agreement.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Lenders shall include each Agent in its individual capacity.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Loan Agreements means any other loan agreements entered into by and between the Trust and one or more of the Borrowers pursuant to which the Trust will make Loans to such Borrowers from moneys on deposit in the Project Fund, excluding the Project Loan Account, financed with the proceeds of the Trust Bonds.

  • Loan Documents means, collectively, this Agreement, any note or notes executed by Borrower, and any other document, instrument or agreement entered into in connection with this Agreement, all as amended or extended from time to time.

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

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.