Loan Approval Date definition

Loan Approval Date means the date by which the financial institution to whom application has been made on behalf of the purchaser for a mortgage loan, issues a quotation as referred to in terms of Section 92 of the National Credit Act 34/2005.
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Loan Approval Date means the date stated in Schedule Item 14 by which the Owner must obtain Loan Approval.
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Loan Approval Date. Buyer shall promptly furnish all information and shall cooperate with Seller in Seller’s direct communication with Lender. Buyer shall pay any (i) processing fees and expenses, (ii) application fees, (iii) Lender’s attorney fees and (iv) assumption fee imposed by Lender (up to 1% of the unpaid principal balance of the Existing Loan as of the Closing Date (the “Buyer Assumption Fee Cap”) and Seller shall be obligated to pay any amounts in excess of the Buyer Assumption Fee Cap) when due (collectively, the “Assumption Fees”). This obligation to pay the Assumption Fees shall survive closing or termination of this Agreement. Any deposits, reserves, escrows, holdbacks and/or similar amounts held by Lender in connection with the Existing Loan Documents shall be credited back to Seller at Closing and Buyer shall be responsible for replacing at Closing, such amounts as required by Lender. In connection with the Loan Assignment, the parties will endeavor in good faith to fully negotiate a definitive assignment and assumption agreement in a form and substance satisfactory to Buyer and Lender, which shall include, without limitation, the following (collectively, the “Loan Assumption Agreement”):
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Examples of Loan Approval Date in a sentence

  • CANCELLATION: If Buyer, after using good faith and reasonable diligence, fails to obtain Loan Approval by Loan Approval Date, Buyer may within ___ days (3 days if left blank) deliver written notice to Seller stating Buyer either waives this financing contingency or cancels this Contract.

  • SELLER shall pay to BUYER $ per day for possession beyond (Rent Commencement 1 Loan Approval Date is generally thirty (30) days from the contract acceptance date 2 Funds and Documents Date is generally three (3) business days prior to Title Transfer Date 3 Title Transfer Date is an agreed date taking into account length of time needed for financing Date),4 for a maximum of days, after which SELLER shall vacate the premises, unless a longer period is agreed to in writing by the BUYER.

  • If BUYER has not terminated this Agreement by the Loan Approval Date as provided herein, BUYER will be deemed to have received Loan Approval and this contingency shall be waived.

  • Parts and components for nuclear radiation detection and monitoring instruments, including parts for radioactivity detection, identification, and computation (RADIAC) equipment 2045205000c.

  • If Purchaser fails to notify Seller and Escrow Holder of its inability to obtain the Property Loan on or before the Loan Approval Date, Purchaser shall be deemed to have secured the Property Loan.

  • ACH Routing Transit # : ACH Account Number # :LOAN INFORMATION SUMMARY Loan Approval Date: Loan Balance at time of Default Initial Disbursement Date: Date of Transfer to Liquidation*:Recoveries from Account Offset Recoveries from Agency Approved OICDate of Default: Total Recovery from liquidation of collateral/litigation Scheduled Monthly Pmt.

  • If BUYER has used reasonable diligence and has not obtained Loan Approval, BUYER shall be refunded all Deposits, provided BUYER, by no later than the Loan Approval Date, provides written notice to SELLER that BUYER has not obtained Loan Approval and has elected to terminate this Agreement.

  • The consummation of the purchase and sale of the Property (the “Closing”) shall occur ten (10) days after the later of (i) the expiration of the Due Diligence Period and (ii) the Loan Approval Date (as defined in Section 9.1.9 below).

  • BUYER: Buyer shall use reasonable diligence to: obtain Loan Approval; notify Seller in writing of receipt of Loan Approval by Loan Approval Date; satisfy terms of the Loan Approval; and close the loan.

  • The date upon which Lender issues the Consent is referred to as the "Loan Approval Date".


More Definitions of Loan Approval Date

Loan Approval Date means the date stated in Schedule Item 13 by which the Owner must provide the Contractor with written evidence in accordance with Condition 6.1.
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Loan Approval Date means the date on which Lender shall have unconditionally consented to the assignment and assumption of the Loan to Buyer and shall have executed and delivered to Escrow Holder the Assignment, Assumption and Consent Agreement. 1.31 "Loan Assumption Fee" means the sum of Forty One Thousand One Hundred Twenty and no/100 Dollars ($41,120.00) to be paid to Lender, through Escrow Holder, subject to the terms and conditions provided herein.
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Loan Approval Date shall have the meaning given to such term in Section 24(c) hereof.
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Loan Approval Date means the date when the respective retail loan or housing loan agreement becomes effective;
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Related to Loan Approval Date

  • Approval Date means the date by which the Approval Order has become a Final Order.

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Preliminary Approval Date means the date on which the Court enters the Preliminary Approval Order.

  • Non-Approval Event means, in respect of the Benchmark:

  • Final Approval Date means the date upon which Final Approval occurs.

  • Shareholder Approval Date means the date on which this Plan is approved shareholders of the Company eligible to vote in the election of directors, by a vote sufficient to meet the requirements of Code Sections 162(m) (if applicable) and 422, Rule 16b-3 under the Exchange Act (if applicable), applicable requirements under the rules of any stock exchange or automated quotation system on which the Shares may be listed on quoted, and other laws, regulations and obligations of the Company applicable to the Plan.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Stockholder Approval Date means the date on which Stockholder Approval is received and deemed effective under Delaware law.

  • HSR Approval means expiration of all applicable waiting periods under the HSR Act (including any voluntary agreed extensions) or earlier termination thereof.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Approval Letter means the letter from WRAS to the Applicant confirming the grant of WRAS Approval in respect of a Product;

  • Additional Closing Date has the meaning set forth in Section 3.

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • Second Closing Date means the date of the Second Closing.

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Approval Notice means, with respect to any Eligible Loan Asset, the written notice, in substantially the form attached hereto as Exhibit A, evidencing the approval by the Administrative Agent, in its sole discretion, of the conveyance of such Eligible Loan Asset by the Transferor to the Borrower pursuant to the terms of the Purchase and Sale Agreement and the Loan Assignment by which the Transferor effects such conveyance.

  • Preliminary Approval means the Court’s Order Granting Preliminary Approval of the Settlement.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • Preliminary Approval Order means the order preliminarily approving the Settlement Agreement, certifying the Settlement Class for settlement purposes, and directing notice thereof to the Settlement Class, which will be agreed upon by the Parties and submitted to the Court in conjunction with Plaintiffs’ motion for preliminary approval of the Agreement.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Third Closing Date has the meaning set forth in Section 2.2(c).