Loan Loss Reserve Fund definition

Loan Loss Reserve Fund or “LLR” means a fund established by the I-Bank, pursuant to N.J.S.A. 58:11B-1 et seq., for the deposit of the annual Risk Premium as defined herein. Risk Premium payments will be deposited by the I-Bank into the LLR and shall secure repayments owed only on those Water Bank or Transportation Bank loans in connection with which Risk Premium payments are required.
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Loan Loss Reserve Fund or "(LRF)" means funds set aside to cover losses in the event
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Loan Loss Reserve Fund or “LLR” means a fund established by the Trust, pursuant to N.J.S.A. 58:11B‐1 et seq., for the deposit of the annual Risk Premium as defined herein. Risk Premium payments will be deposited by the Trust into the LLR and shall secure repayments owed only on those Financing Program loans in connection with which Risk Premium payments are required.
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Examples of Loan Loss Reserve Fund in a sentence

  • As a result of the statutory lapse, PCLP CDCs that had elected to participate in the ALLR are now required to maintain a Loan Loss Reserve Fund in an amount sufficient to meet the Standard Loan Loss Reserve Requirement set forth in 13 C.F.R. § 120.847(b), which is one percent of the original principal amount of the PCLP Debenture for the life of the loan.

  • Timely conform with all require- ments and deadlines set forth in SBA’s regulations and policy and procedural guidance concerning properly estab- lishing, funding and reporting a PCLP Loan Loss Reserve Fund (LLRF).

  • CDC is in full and complete compliance with all SBA Loan Program Requirements applicable to its PCLP Loan Loss Reserve Fund (“LLRF”).

  • An Intermediary may only withdraw from this account the money needed to establish the Loan Loss Reserve Fund (§ 120.710), pro- ceeds for each Microloan it makes, and any payments to be made to SBA.

  • Each LLRF account listed above is subject to a Loan Loss Reserve Fund Deposit Account Control Agreement (“Control Agreement”) with SBA, and CDC is in full and complete compliance with all Control Agreements.

  • Dr Aboubakari Boina Secretary General National Commission for UNESCOCentre Nationale de Documentation et de Recherche Scientifique (CNDRS)B.P. 169 MoroniTel: [269] 73 06 40/ 74 41 87Fax: [269] 73 06 40/ 74 41 89Email: abou.boina@snpt.km Email2 : cndrs@snpt.kmFrance 2.

  • USD 450,000 of the grant is allocated to Loan Loss Reserve Fund which is the fund to be established by the Bank to serve as a first loan loss reserve and the remaining to goods, non-consultant services, consultants’ services and training.

  • The Loan Loss Reserve Fund (‘‘LLRF’’) is an interest-bearing Deposit Account which an Inter- mediary must establish to pay any shortage in the MRF caused by delin- quencies or losses on Microloans.

  • The Loan Loss Reserve Fund (‘‘LLRF’’) is a Deposit Account which an Intermediary must establish to pay any shortage in the MRF caused by delinquencies or losses on Microloans.

  • Ibid.Intermediaries are required to maintain their Loan Loss Reserve Fund until they have repaid all obligations owed to the SBA.The SBA does not maintain detailed data necessary to determine an aggregate default rate for Microloan borrowers.


More Definitions of Loan Loss Reserve Fund

Loan Loss Reserve Fund or “LLR” means a fund established by the Trust, pursuant to N.J.S.A. 58:11B‐1 et seq., for the deposit of the annual Risk Premium as defined
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Loan Loss Reserve Fund or “LLR” means a fund established by the I-Bank, pursuant to N.J.S.A. 58:11B-1 et seq., for the deposit of the annual Risk Premium as defined herein. Risk Premium payments will be deposited by the I-Bank into the LLR and shall secure repayments owed only on
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Loan Loss Reserve Fund or “LLR” means a fund established by the Trust, pursuant to N.J.S.A. 58:11B-1 et seq., for the deposit of the annual Risk Premium as defined herein. Risk Premium payments will be deposited by the Trust into the LLR and shall
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Loan Loss Reserve Fund means that certain Loan Loss Reserve Agreement, dated as of ,20 , by and between the City and the Fiscal Agent, as fiscal agent.
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Loan Loss Reserve Fund means an account subject to the Program maintained as a loan loss reserve for losses incurred by a Participating Financial Institution on its portfolio of Program Loans.
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Loan Loss Reserve Fund means a reserve pursuant to
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Related to Loan Loss Reserve Fund

  • Loss Reserve means, on any date, an amount equal to (i) the aggregate of the Investment of all Purchasers set forth in the definition thereof at the close of business of the Servicer on such date multiplied by (ii)(A) the Loss Reserve Percentage on such date divided by (B) 100% minus the Loss Reserve Percentage on such date.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.