Loan Opening Date definition
Loan Opening Date. The date of the disbursement of the Loan.
Loan Opening Date. The date of this Agreement.
Loan Opening Date. The date of the disbursement of the Loan. Maximum Allocated Loan Amount. The Maximum Allocated Loan Amount for each Tract of the Property in the Total Property is as follows: Project Allocated Loan Percentage Maximum Allocated Loan Amount Corporate Park Woodland 17.714 % $ 6,554,347.00 Xxxxx Xxxx Industrial Park 12.877 % $ 4,764,379.00 I-10 Warehouse 10.169 % $ 3,762,628.00 Main Park II 8.001 % $ 2,960,364.00 Plaza Park 7.112 % $ 2,631,581.00 West Belt Plaza 6.239 % $ 2,308,398.00 Westgate Service Center 8.950 % $ 3,311,418.00 Corporate Park West 26.670 % $ 9,867,899.00 Dairy Ashford 2.268 % $ 838,986.00 Total 100.000 % $ 37,000,000.00 Mortgage Correspondent: As of the Loan Opening Date, the Mortgage Correspondent is Holliday, Fenoglio, Xxxxxx, X.X. and its address is: 0 Xxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000. Lender retains the right to change the Mortgage Correspondent at any time during the term of the Loan. Borrower hereby acknowledges that Lender may utilize Mortgage Correspondent or other outside third parties selected by Lender in any aspects of the Loan, including but not limited to, the servicing, administration and monitoring of the Loan. Note: That certain Fixed Rate Promissory Note made by Borrower of even date herewith and payable to the order of Lender in the original principal amount of Thirty-Seven Million Dollars ($37,000,000.00).
Examples of Loan Opening Date in a sentence
Borrower shall pay all expenses and fees incurred as of the Loan Opening on the Loan Opening Date (unless sooner required herein).
All conditions precedent to the Opening of the Loan shall be complied with on or prior to the Loan Opening Date.
Borrowers shall pay all expenses and fees incurred as of the Loan Opening on the Loan Opening Date (unless sooner required herein).
The Loan will be funded in a single lump sum advance on the Loan Opening Date.
Borrower shall use the proceeds of the Loan solely for the purposes agreed to in writing by and between Lender and Borrower, and in all events, the description of such proceeds shall be accurately set forth in the settlement statement executed by Borrower at the Loan Opening Date.
More Definitions of Loan Opening Date
Loan Opening Date means the date of the initial disbursement of proceeds of the Loan.
Loan Opening Date means November 12, 2009.
Loan Opening Date. The date of the Loan Opening.
Loan Opening Date. The date the Mortgage has been recorded and all conditions to the initial disbursement of the Loan have been satisfied.
Loan Opening Date. The date of this Agreement. Material Adverse Change or material adverse change: The business prospects, operations or financial condition of a person, entity or property has changed in a manner which is reasonably likely to materially impair the value of Lenders’ security for the Loan, prevent timely repayment of the Loan or otherwise prevent the applicable person or entity from timely performing any of its material obligations under the Loan Documents.
Loan Opening Date. The date of Loan Opening. Loan Policy of Title Insurance. American Land Title Association Loan Policy, revised as to the most recent date and showing Lender as the insured party, all as more fully described in Section 5.1(b) below.
Loan Opening Date. December 20, 2000.