Merchant Loan definition

Merchant Loan a business credit card line of credit available to Borrower Group in the principal amount of $350,000.00, as described and governed by Lender’s Standard Business Credit Card Terms, which are incorporated herein by this reference.
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Examples of Merchant Loan in a sentence

  • The loan amount of the Merchant Loan is HKD400,000 or above, with a tenor of 12 months or above.

  • The relevant 328 SME loan or Merchant Loan must maintain a good repayment record (no late/arrears payment record) and the relevant 328 Business Account must be maintained with a valid status at the time when the Loan Reward is credited.

  • Merchant Loan Sales BROKER has the authority to contract with referral sources to receive a referral fee up to 1%.

  • The first class of problems are general problems of contractualism such as the aggregation problems (Suikkanen 2004), redundancy problems (Suikkanen 2005) and the problem of duties towards non- humans (Hooker 2000, 66–70).

  • Successfully applies for a 328 SME Express Money Installment Loan, 328 SME Tax Loan ("SME loan") (but excluding 90% SFGS Loan, 100% SFGS Loan and SME Loan under the Pre-approved Principal Payment Holiday Scheme) or a Merchant Receivables Loan ("Merchant Loan") during the Promotion Period; and ii.

  • The loan amount of the Merchant Loan is HK$400,000 or above, with a tenor of 12 months or above.

  • The Merchant Loan debt facility agreement is unsecured, which has an interest rate of 10% per annum with repayment due 2 September 2021.

  • Subject to Bankruptcy Court approval, the terms and provisions of this Amendment are binding upon and inure to the benefit of the Parties, their representatives, successors and assigns.

  • Applications received prior to May 11 will receive priority consideration.

  • The Merchant Loan debt facility agreement is unsecured, which has an interest rate of 10% per annum with repayment due 2 September 2020.

Related to Merchant Loan

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • 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.

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • 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”.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Direct Loan means any loan made by Canada under section 6.1 of the CSFAA on or after August 1, 2000.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Commercial loan means a loan that is not made primarily for

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • FHA Loan means a Mortgage Loan which is the subject of an FHA Mortgage Insurance Contract.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

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

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Prime Loan means any Loan tied to the Prime Rate.

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Credit Card Advance Rate means 90%.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.