Examples of Net Loan Proceeds in a sentence
Esteem is extending the commercial-purpose Loan to you in the Loan Amount, and the amount of funds you will receive is equal to the Net Loan Proceeds.
You agree to receive the Net Loan Proceeds in your Linked Bank Account.
The remaining funds, which are equal to the Net Loan Proceeds, will be deposited to your Linked Bank Account.
Accordingly, and calculated based upon a 75% LTV, the loan proceeds to be distributed to Borrower on the Closing Date under the Agreement will be as follows: Principal Amount of the Term Loan $ Loan Origination Fee (4.5%) $ Borrower Professional Fees $ Net Loan Proceeds to Borrower $ The Net Loan Proceeds will be transmitted to you on the Closing Date in accordance with the payment instructions provided in the Agreement.
The remaining funds, which are equal to the Net Loan Proceeds, will be deposited to your Account.