MCC Loan definition

MCC Loan means any obligation issued pursuant to the applicable Program and Program Guide.
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MCC Loan means any obligation issued pursuant to the applicable Program and the Next Home Program Guide, MCC Program Guide or My Home Program Guide, as may be applicable, secured by Mortgaged Property (Definition not applicable for Affordable Home and Helping To Own).
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MCC Loan means any obligation issued pursuant to the applicable Program and the Next Home Program Guide, MCC Program Guide, Honor Our Vets Program Guide or Next Home Advantage Program Guide, as may be applicable, secured by Mortgaged Property (Definition not applicable for Helping To Own and Indiana Home Solution).
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Examples of MCC Loan in a sentence

  • The team wants these smaller meetings to be more discussion driven with the public.

  • Please refer to Section 10 for MCC Loan Closing Documents.Lenders are not permitted to retype these documents or make any corrections or additions to the documents.

  • The Participant hereby makes the following representations, warranties and covenants to the Authority as to each MCC Loan.

  • Each representation, warranty and covenant is deemed made as of the date of this Origination Agreement and thereafter as of each and every date Participant makes a MCC Loan.

  • It is understood and agreed that the representations, warranties and covenants set forth in this Origination Agreement shall survive and continue in force for the full remaining life of any MCC Loan notwithstanding a restrictive or qualified endorsement of any Mortgage Note or any restrictive or qualified language contained in any assignment of Mortgage.

  • The Participant shall indemnify and hold harmless the Authority from any and all losses, damages, claims, liabilities or judgments or expenses (including, without limitation, court costs and reasonable attorneys' fees) suffered or sustained by them based upon or relating to any MCC Loan originated by the Participant or any breach of the Participant's warranties, representations, covenants or duties hereunder.

  • If the Participant has (a) delivered an improperly documented or Non-Qualifying MCC Loan; (b) failed to remain in compliance with any of the representations set forth in this Origination Agreement; or (c) breached any of the warranties or covenants set forth in this Origination Agreement, the Authority may, in its sole discretion cancel the applicable Mortgage Credit Certificate(s).

  • The Program Guide shall provide the rules governing the duties of the Participant in connection with defective MCC Loan documentation and Non-Qualifying MCC Loans.

  • In connection with each MCC Loan, the Participant may charge and collect a mortgage origination fee and discount points as provided in and subject to the conditions of Program Guide.

  • For each MCC Loan or group of MCC Loans which the Participant desires to originate, the Participant shall make a Reservation Request pursuant to the procedures set forth in the Program Guide.

Related to MCC Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

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

  • 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.

  • Term Loan has the meaning specified in Section 2.01(b).

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Advance The meaning specified in Section 2.2(a).

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Existing Loan means the loan identified on Exhibit H.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.