Loan Requirements definition

Loan Requirements means, with respect to any Payment Date or any other specified period, an amount equal to the sum of the following with respect to any such date or period: (a) the principal due on the Loan and (b) the interest due on the Loan, computed by the Lender based on the actual rate of interest borne or to be borne by the Loan for the applicable period.
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Examples of Loan Requirements in a sentence

  • Without limiting the generality of the foregoing, the documentation in connection with the origination, processing, underwriting and credit approval of the Existing Pipeline Applications satisfied in all material respects applicable Mortgage Loan Requirements in effect at the time such Existing Pipeline Applications were prepared and processed by Seller.

  • The Eligible CDFI must also certify that the Secondary Loan conforms to the requirements set forth in the applicable Secondary Loan Requirements.

  • If required by the applicable Mortgage Loan Requirements, the appropriate Purchaser is the insured under such title insurance policy.

  • In the case of any of the Pipeline Applications that have been approved by Seller, there are and will be no terms or conditions under the reasonable control of Seller that will prevent Purchaser from timely making any required redisclosures or otherwise complying with all applicable Mortgage Loan Requirements, provided that Purchaser acts in accordance with normal mortgage banking standards and procedures.

  • Except as set forth on Section 3.24 of the Company Disclosure Schedules, all such Mortgage Loans purported to be insured or guaranteed by PMI comply or will comply with all provisions of the contract with the provider of the PMI and such Mortgage Loans are either in fact insured or guaranteed by such PMI or are expected to be insured or guaranteed, within sixty (60) days of the funding of such Mortgage Loans, in amounts complying with applicable Mortgage Loan Requirements.

  • Each such modification has been made in accordance with all applicable Mortgage Loan Requirements.

  • Tenant hereby designates ▇▇▇▇▇▇▇ Page as Tenant’s contact person to assist Landlord with its compliance with the Loan Requirements.

  • In addition to the conditions set forth above, prior to the Initial Adjustment Date, the LIBOR Loans shall not be available except (i) with respect to the Supported Revolving Loan Amount or (ii) if the Additional LIBOR Loan Requirements have been satisfied, LIBOR Loans shall be available in the immediately succeeding month after such Additional LIBOR Loan Requirements have been satisfied.

  • The Secondary Loan Requirements shall also specify what constitutes a commercially reasonable timeframe for disbursement in connection with specific types of Eligible Purposes.

  • Seller and Parent shall have no right to require the Acquired Division to utilize, adopt or otherwise provide any new loan products or origination processes, other than those (i) typically utilized by the Acquired Division, and (ii) required by the Mortgage Loan Requirements, without the prior approval of Purchaser, which approval will not be unreasonably withheld or delayed.