Owner Loans definition

Owner Loans means, collectively, loans from owners of Borrower made in accordance with the terms of the Organizational Agreement of Borrower, which are unsecured or subordinate both in payment and priority of Liens to the Loan and the Loan Documents pursuant to a subordination agreement executed by such Person in favor of Lender.
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Owner Loans. The following:
Sample 1

Examples of Owner Loans in a sentence

  • Although I still live in this little town, I went on a mission to Budapest with Raya Jaglom and to Beijing with Rachel Limon.

  • Servicer shall follow FNMA timelines for all Owner Loans in foreclosure.

  • Updated FICO scores must be ordered, at Owner’s sole cost and expense, on all Owner Loans on a quarterly basis and reported to Owner on the following month end tape.

  • Community Specific Criteria for Property Owner Loans - The community may apply specific property owner loan criteria such as; number of estimates needed from licensed sewer-tie in contractors; maximum number of housing units per structure allowed access to the STILF; owner-non-owner-occupied borrowers; and other such specific requirements.

  • Guaranteed Small Business Owner Loans and Wide Loans: When the Company believes the likelihood of any future collection is minimal.

  • Borrower not permitted to declare dividends, pay management fees, interest or other payments to shareholders, or repay Owner Loans until Borrower’s liabilities to Lender pursuant to the loans are repaid in full.

  • General Manager Christopher DeAngelis urged the board to approve a proposal from CDS Consulting Co-op to assist in revising operational plans and pro forma assumptions on the condition that the cooperative raised $34,000 in subordinated Community Owner Loans and Subsidized Share Donations.

  • The amounts so advanced shall be deemed to be loans by Owner (the "Owner Loans") to the Facility and shall be repaid by Manager from future Facility revenues in accordance with the provisions of Section IX hereof.

  • The details of theCompany’s loans, notes, and the terms are as follows: For the Year Ended December 2021For the Year Ended December 2020 Debt Instrument Name The summary of the future maturities is as follows: As of Year Ended December 31, 2021 2022 $ 50,0002023 15,0002024 -Thereafter -Total $ 65,000 Owner Loans During 2021 and 2020, the Company borrowed money from the owne,r John Lavin.

  • In order to reflect the additional risk associated with the Unsecured Private Property Owner Loan as compared to the secured loan financings, the Unsecured Private Property Owner Loans, in the absence of collateral, will generally be subject to a higher interest rate.

Related to Owner Loans

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Borrowings means the plural thereof.

  • Permitted Loans means: