Loan Security definition

Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan. “Loan Term” means the repayment period of the loan.

Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan.

Loan Security means all assets now or from time to time hereafter encumbered or subjected to a security interest or charge (or intended or required so to be pursuant to this Agreement or any other Loan Agreement) to secure the payment or performance of any of the Loan Obligations, including without limitation the assets described or referred to in Sections 6.1 and 6.2 hereof.

Examples of Loan Security in a sentence

• The ability of the Issuer to meet its obligations in full to pay principal on each of the Notes on the maturity of each Class of Notes will depend on, inter alia, the amount and timing of payment of principal (including full and partial prepayments) in respect of the Loans and the net proceeds upon enforcement of the Loan Security relating to a Loan and the repurchase by the Seller of the Loans.

• A mortgage mandate does not constitute an actual security which creates a priority right of payment out of the proceeds of a sale of the mortgaged property, but is an irrevocable power of attorney granted by a Borrower or a third party provider of a Loan Security to certain attorneys enabling them to create a Mortgage as security for the Loan (a Mortgage Mandate).

• Generally, where a Loan is only partly secured by a Mortgage, the Borrower of the relevant Loan or a third party provider of Loan Security may have granted a mortgage mandate.

• None of the Issuer, the Security Agent or the Administrator have made or caused to be made nor will any of them make or cause to be made, any enquiries, investigations or searches to verify the details of the Loans or the Loan Security, or to establish the creditworthiness of any Borrower, or any other enquiries, investigations or searches which a prudent purchaser of the Loans would ordinarily make, and each will rely instead on the representations and warranties given by the Seller in the MLSA.

• These representations and warranties will be given in relation to the Loans, Loan Security, Additional Security and all rights related thereto.

More Definitions of Loan Security

Loan Security means a security held solely for the purposes of a moneylending agreement;

Loan Security. Section 6.1. "Management Agreement" Section 7.13. "Maximum Amount of Credit" Section 2.1.1. "Maximum Leverage Ratio" Section 7.10.1. "Offshore Rate" Section 3.3.1. "Partnership Agreement" Section 7.13. "Payment Date" Section 3.1. "Permitted Liens" Section 7.7. "Plan Assets" Section 7.16. "Pledged Indebtedness" Section 6.1.4.(c) "Pledged Rights" Section 6.1.4.(b) "Pledged Securities" Section 6.1.4.(c) "Pledged Stock" Section 6.1.4.(a) "Secured Obligations" Section 6.1 "Swap Contracts"

Loan Security means all accepted letters of offer, loan agreements, promissory notes, debentures, mortgages, hypothecations, pledges, assignments and security agreements of any kind which the Bank may hold at any time as security for the payment of the Principal Sum and all agreements amending, extending or renewing those security instruments. The Guarantor has read all of the Loan Security held by the Bank as of the date of this Guarantee.

Loan Security. All loans will be secured by a UCC-1 filing, and otherwise these loans will be treated as unsecured loans from an underwriting perspective. Loan Repayment: Repayment will be expected to come from the borrower’s monthly income. Borrowers will be fully obligated to repay the credit via the promissory note and any associated filing to perfect the Bank’s interests. Underwriting Criteria: See Schedule 1, [ ] Bank’s Loan Criteria. Loan Origination Procedures & Schedule:

Loan Security. All loans will be secured with a mortgage in favor of the City of Minneapolis. DocuSign Envelope ID: 6D61C7E8-141C-4504-8182-3423E 38F 421C

Loan Security. As set forth in the Commitment, Bank has agreed to make a term loan to Borrower in the principal face amount of Six Million Five Hundred Thousand and No/100 Dollars ($6,500,000.00). The obligation to repay the Loan is evidenced by the Note having a maturity date, repayment terms and interest rate as set forth in the Note. The Loan shall be used by Borrower to acquire the Equipment and to reimburse Borrower for advances and additional deposits paid to Unisys. The Loan shall be secured by the Collateral described in the Security Agreement including, without limitation, the Equipment, the Termination Fee and the Service Payments, whether such Termination Fee and Service Payments constitute Accounts or General Intangibles.

Loan Security. The Shares of Lutu International were offered as security of the Outstanding Loan to secure repayment. Able Lead is not allowed to transfer the beneficial ownership of the shares of Lutu International it owns to other persons;