New Loan definition

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.

New Loan means Loans, other than the Loans comprised in the Initial Covered Bond Portfolio, which the Seller may assign or transfer to the Guarantor after the First Transfer Date pursuant to the Mortgage Sale Agreement and “New Loans” means more than one New Loan;

New Loan has the meaning set forth in Section 2.18(b).

Examples of New Loan in a sentence

• As one of the applicable percentage ratios in respect of the New Loan and the Existing Loan in aggregate is more than 5% but less than 25% under Rule 14.07 of the Listing Rules, the grant of the New Loan and the Existing Loan constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and is therefore subject to the reporting and announcement requirements under the Listing Rules.

• The grant of the New Loan requires aggregation with the Existing Loan under Rule 14.22 of the Listing Rules.

• Pursuant to the New Loan Agreement, ETC Finance agreed to grant a mortgage loan in the principal sum of HK$12,600,000 to the Customers for a term of 24 months.

• After taking into account all such factors, the Directors consider that the risks involved in the New Loan are relatively low and manageable.

• The terms of the New Loan Agreement (including the interest rate) were negotiated on an arm’s length basis between ETC Finance and the Customers in accordance with the credit policy of ETC Finance.

More Definitions of New Loan

New Loan means the terms of the revised loan are at least as favorable to the credit union (i.e., terms are market-based, and profit driven) as the terms for comparable loans to other customers with similar collection risks who are not refinancing or restructuring a loan with the credit union, and the revisions to the original debt are more than minor.

New Loan has the meaning specified in Section 2.14(a).

New Loan means an Eligible Loan that Seller proposes to be included as a Purchased Loan.

New Loan. This contract is contingent on Buyer obtaining financing. Within thirty (30) days after the effective date of this contract Buyer shall apply for all financing and make every reasonable effort to obtain financing approval. If financing or assumption approval is not obtained within thirty (30) days after the effective date hereof, this contract will terminate, and the xxxxxxx money will be refunded to Buyer, and the property may be re-listed for sale or a Purchase Agreement with another party may be executed by Seller.

New Loan means a Financed Student Loan which (i) is made by an eligible lender under the Higher Education Act to a Borrower who is not a Borrower under any Initial Financed Student Loan, (ii) is made under a loan program which existed as of the Closing Date, and (iii) is guaranteed by a Guarantor.

New Loan has the meaning ascribed thereto in Section 3.01(c) hereof;

New Loan means a newly initiated loan instrument designed to finance new investments or working capital, to the exclusion of refinancing of existing loans;