loan origination means the time of inception of the obligation to extend credit, or when the last event or prerequisite, controllable by the lender, occurs causing the lender to become legally bound to fund an extension of credit.
loan origination or “originating a loan” means the granting of a loan:
loan origination means the granting of loans by an AIF as the original lender;
Examples of loan origination in a sentence
The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-off Date.
The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Closing Date.
The Servicing File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Closing Date.
The Servicing File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-off Date.
The Servicing File contains an appraisal of the related Mortgaged Property with an appraisal date within 6 months of the Mortgage Loan origination date, and within 12 months of the Cut-Off Date.
More Definitions of loan origination
loan origination means the time of incep- tion of the obligation to extend credit (i.e., when the last event or prerequisite, control- lable by the lender, occurs causing the lender to become legally bound to fund an extension of credit). Other acceptable collateral means any col- lateral in which the lender has a perfected security interest, that has a quantifiable value, and is accepted by the lender in ac- cordance with safe and sound lending prac- tices. Other acceptable collateral should be appropriately discounted by the lender con- sistent with the lender’s usual practices for making loans secured by such collateral. Other acceptable collateral includes, among other items, unconditional irrevocable standby letters of credit for the benefit of the lender. Readily marketable collateral means insured deposits, financial instruments, and bullion in which the lender has a perfected interest. Financial instruments and bullion must be salable under ordinary circumstances with reasonable promptness at a fair market value determined by quotations based on ac- tual transactions, on an auction or similarly available daily bid and ask price market. Readily marketable collateral should be ap- propriately discounted by the lender con- sistent with the lender’s usual practices for making loans secured by such collateral.
loan origination or “originating a loan” means the granting of a loan directly by an AIF as the original lender or indirectly through a third party or special purpose vehicle, which originates a loan for or on behalf of the AIF, or for or on behalf of AIFM in respect of the AIF, where the AIFM or AIF is involved in structuring the loan, or defining or pre-agreeing its characteristics, prior to gaining exposure to the loan;
loan origination. FEE: (Section 1.3) $1,000. This fee was paid at closing.
loan origination. FEE: (Section 1.3) $26,250.00, which is fully earned and payable at closing. (Any Commitment Fee previously paid by the Borrower in connection with this loan shall be credited against this Fee.)
loan origination. FEE: (Section 1.3) $2,500. This fee was paid at closing. THIRD TERM LOAN AMOUNT: An amount not to exceed the lesser of: (i) $750,000.00 at any one time outstanding; or (ii) the amount of the "Equipment Borrowing Base", as defined below. For purposes of this Schedule, the "Equipment Borrowing Base" shall mean the sum of (a) 80% of the invoice amount for equipment purchased by Borrower after September 30, 1994. Silicon shall have no obligation to advance against taxes, freight charges, installation charges or other similar amounts relating to Borrower's equipment, whether or not such amounts are identified on the invoices submitted to Silicon. Equipment to be included in the Equipment Borrowing Base must be new equipment, at the time of purchase by Borrower, owned by Borrower, in good working order, must not be subject to any liens in favor of any person or entity other than Silicon, and must be subject to a first perfected security interest in favor of Silicon. Silicon shall make advances under this Third Term Loan from time to time, based on invoices and other documentation as shall be requested by Silicon to support such advances, but Silicon shall have no obligation to make any advance under this term loan after March 25, 1996. Borrower shall submit to Silicon such invoices, advance requests and other information, in form acceptable to Silicon, as Silicon shall require from time to time. Once the total amount of the principal has been advanced under this Third Term Loan, Borrower is no longer entitled to further advances. Advances may be requested in writing by Borrower or an authorized person. Silicon may, but need not, require that all oral requests be confirmed in writing. The unpaid principal balance owing on this Term Loan at any time may be evidenced by endorsements to this Schedule or by Silicon's internal records, including daily computer print-outs.
loan origination. Fee shall mean the fee payable to the Agent and the Lenders (as applicable) in accordance with, and pursuant to, the provisions of Paragraph 8.7 of Section 8 of this Financing Agreement. Monogram shall mean Monogram International, Inc., a Delaware corporation, and its successors and assigns. Obligations shall mean all Revolving Loans, advances and extensions of credit made or to be made by the Agent and/or the Lenders to the Companies, or any one of them, or to others for the Companies' account (including, without limitation, all Revolving Loans and Letter of Credit Guaranties); any and all indebtedness and obligations which may at any time be owing by the Companies or any one of them to the Agent and/or the Lenders howsoever arising, whether now in existence or incurred by the Companies or any one of them from time to time hereafter; whether principal, interest, fees, costs, expenses or otherwise; whether secured by pledge, lien upon or security interest in any of the Companies' Collateral, assets or property or the assets or property of any other person, firm, entity or corporation; whether such indebtedness is absolute or contingent, joint or several, matured or unmatured, direct or indirect and whether the Companies are liable to the Agent and/or the Lenders for such indebtedness as principal, surety, endorser, guarantor or otherwise. Obligations shall also include indebtedness owing to the Agent and/or the Lenders by the Companies or any one of them under any Loan Document or under any other agreement or arrangement now or hereafter entered into between the Companies and the Agent and/or the Lenders, including, without limitation all indebtedness of any Company to any Lender or affiliate thereof arising from or relating to any instrument, document or agreement to which such Company is a party, or by which it or its property is bound, and which is designed to hedge or protect against interest rate fluctuations, such as interest rate swaps, interest rate caps, interest rate collars, and similar kinds of interest hedging products (any such indebtedness hereinafter referred to as "Hedging Debt"); indebtedness or obligations incurred by, or imposed on, the Agent and/or the Lenders as a result of environmental claims arising out of any of the Companies' operations, premises or waste disposal practices or sites in accordance with paragraph 7.7 hereof; the Companies' liability to the Agent and/or the Lenders as maker or endorser of any promissory note or othe...
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