No Loan definition

No Loan has an Outstanding Principal Balance of more than (pound)500,000.
Sample 1Sample 2Sample 3
No Loan has an indexed LTV higher than 100% as at the relevant Assignment Date (or such other maximum LTV as may be specified from time to time for the purposes of Article 243 of the UK Capital Requirements Regulation).
Sample 1Sample 2Sample 3
No Loan has an Outstanding Principal Balance of more than (pound)350,000.
Sample 1Sample 2

Examples of No Loan in a sentence

  • No Loan Party has incurred any Indebtedness other than Permitted Indebtedness.

  • No Loan Party is subject to any Requirement of Law which limits its ability to incur Indebtedness.

  • No Loan Party shall make any changes to its Organization Documents that would reasonably be expected to have a Material Adverse Effect.

  • No Loan Party nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock.

  • No Loan Party nor any of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940.

  • No Loan Party is an “investment company,” or is a company “controlled” by a Person that is required to register as an “investment company,” within the meaning of the Investment Company Act of 1940, as amended.

  • No Loan Party nor any of its Subsidiaries is in violation of any of the country or list based economic and trade sanctions administered and enforced by OFAC.

  • No Loan Party nor any of its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities.

  • No Loan Party is incurring Indebtedness or transferring any Facility Collateral with any intent to hinder, delay or defraud any of its creditors.

  • No Loan Party or any Subsidiary thereof is in default under or with respect to any Contractual Obligation that could reasonably be expected to have a Material Adverse Effect.


More Definitions of No Loan

No Loan or any part of it (in the case of paragraphs (a) and (c) below, excluding Flexible Loan Drawings (if any), Delayed Cashbacks, Home Cash Reserve Drawings and any other Further Advances):
Sample 1

Related to No Loan

  • Ordinary Course of Business means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency).

  • Consignment means products which are either sent simultaneously from one exporter to one consignee or covered by a single transport document covering their shipment from the exporter to the consignee or, in the absence of such a document, by a single invoice;