Maturing Loan definition

Maturing Loan has the meaning given to that term in Clause 8.2 (Rollover Loans).
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Maturing Loan. Type: (Conversion or Continuation only) _____________________ Type of Advance:
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Maturing Loan shall have the meaning set forth in Section 2.04(e).
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Examples of Maturing Loan in a sentence

  • On the first Business Day of each month, the Servicer must submit a Maturing Loan Report using the mandated template to Multifamily Maturity Management with information on each Mortgage Loan maturing within the next 24 months (or advising that no Mortgage Loans are maturing within the next 24 months), and categorizing each as “Meets Criteria” or “Does Not Meet Criteria” in the Performance Rating column.

  • Besides Maturing Loan and Internal Rating, we further include Guaranteed, measured as the ratio of maturing loans with credit guarantee over the total amount of maturing loans, to control for the effect of external party guarantee.

  • The Servicer must also update the Maturing Loan Report as new information becomes available with each monthly submission.The comments section of the Maturing Loan Report must include, at a minimum:a report of discussions with the Borrower (e.g., potential new lender, term of new loan, proof of payoff plan received);the anticipated payoff date; andwhether the Mortgage Loan is likely or not to refinance, and the rationale.

  • The Lender will evidence her/his/its desires regarding either the repayment of the loan or the extension/renewal/change of terms of the loan by completing and returning the Notice of Maturing Loan form to the Borrower.

  • If the Borrower has not delivered a Drawdown Notice in respect of a Maturing Loan in accordance with Clause 5.1 (Delivery of a Drawdown Notice), the Maturing Loan shall, subject to the other provisions of this Agreement, be automatically rolled over with an Interest Period of three (3) months.

  • If the Borrower does not receive an executed Notice of Maturing Loan by the scheduled maturity date, then this loan will remain in effect on a day-by-day basis under the same terms as those indicated in this Loan Agreement.

  • The Borrower will send a Notice of Maturing Loan approximately two (2) months before the scheduled maturity date, and may at that time request the Lender to renew/extend the term of the Note.

  • Such New Loan shall be treated as having been applied in repayment in full of the Maturing Loan.

Related to Maturing Loan

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Revolving Loans as defined in Section 2.4(a).

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.