Loan Option definition
Examples of Loan Option in a sentence
Notwithstanding the foregoing, no Holder, as lender, shall exercise or be permitted to exercise the New Mezzanine Loan Option (as defined in the Loan Agreement).
In the case of the renewal of a Term Rate Loan Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.
As to any Loans to which a Term Rate Loan Option applies (including on and after the Term RFR Transition Date with respect to any Currency, as to any RFR Loan denominated in such Currency), interest shall be due and payable on the last day of each Interest Period for those Loans and, if such Interest Period is longer than three (3) Months, also on the 90th day of such Interest Period.
If the Borrower fails to select a new Interest Period to apply to any Borrowing of Loans in Dollars under any Term Rate Loan Option at the expiration of an existing Interest Period applicable to such Borrowing in accordance with the provisions of Section 2.13(b), the Borrower shall be deemed to have selected an Interest Period of one (1) month, as applicable to Revolving Loans or Term Loans as the case may be, commencing upon the last day of the existing Interest Period.
By selecting either the Harvest Loan Option or the Flexi Loan Option, the Supplier applies to CBH Grain for a loan facility of up to the Credit Limit for each Nomination of Grain under the Contract and CBH Grain agrees to make available to the Supplier that credit facility on the terms of this clause 9.
At any time when the Borrower shall select, convert to or renew a Term Rate Loan Option, the Borrower shall notify the Administrative Agent thereof at least three (3) Business Days prior to the effective date of such Term Rate Loan Option by delivering a Loan Request.
A completed Anti-Steering Loan Option Disclosure that is signed by the consumer must be included in each Loan Package offered for submission to Lender.
In the case of the renewal of a Term Rate Loan Option at the end of a Tranche Period, the first day of the new Tranche Period shall be the last day of the preceding Tranche Period, without duplication in payment of interest for such day.
If the Borrower fails to select a new Tranche Period to apply to any Borrowing Tranche of Loans under any Term Rate Loan Option at the expiration of an existing Tranche Period applicable to such Borrowing Tranche in accordance with the provisions of Section 2.07, the Borrower shall be deemed to have converted such Borrowing Tranche to the SOFR Rate Option with a Tranche Period of one (1) month commencing upon the last day of the existing Tranche Period.
Broker shall provide each consumer an Anti-Steering Loan Option Disclosure that meets the requirements of the anti-steering provisions of Regulation Z (12 C.F.R. § 1026.36(e)), as it may be amended from time to time.