Pending Loan definition

Pending Loan has the meaning specified in SECTION 5.15(B).
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Pending Loan means a Mortgage Loan to be FUNDED PURSUANT TO A CHECK drawn on the Austin Funding Account - Checks (on or after the Conversion Date) or the Austin Controlled Disbursement Account (prior to the Conversion Date) from the time of the delivery to Bank of the Mortgage Loan Documents (required pursuant to SECTIONS 2.3 and 3.2 hereof) accompanied by a Delivery Commitment Certificate relating to such Mortgage Loan until such time as (i) such check has been PRESENTED by the payee to Frost National Bank for payment, (ii) the requested Advance related to such check has been FUNDED by Bank to such account and (iii) such check has been HONORED by Frost National Bank.
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Pending Loan shall have the meaning set forth in Section 4.22(b).
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Examples of Pending Loan in a sentence

  • With respect to any Annual Period, from and after the Third Restatement Effective Date, a test that is satisfied so long as no more than two Rating Pending Loans either (i) received a Xxxxx’x Rating Factor higher than the Xxxxx’x Rating Factor assigned to such Rating Pending Loan under clause (C)(I) of the definition of Moody’s Default Probability Rating or (ii) failed to receive a Moody’s Credit Estimate within 90 days following the date the Borrower acquired such Loan.

  • In the case of Xxxxx’x, a Loan as to which the Servicer shall have applied for a Xxxxx’x Credit Estimate and shall have provided to Xxxxx’x all the information that is required to provide such a Xxxxx’x Credit Estimate, provided that such Loan shall cease to be a Rating Pending Loan with respect to Xxxxx’x on the date on which Xxxxx’x shall have provided, or declined to provide, such Xxxxx’x Credit Estimate.

  • With respect to any Annual Period, from and after the Third Restatement Effective Date, a test that is satisfied so long as no more than two Rating Pending Loans either (i) received a Xxxxx’x Rating Factor higher than the Xxxxx’x Rating Factor assigned to such Rating Pending Loan under clause (C)(I) of the definition of Xxxxx’x Default Probability Rating or (ii) failed to receive a Xxxxx’x Credit Estimate within 90 days following the date the Borrower acquired such Loan.

  • Without limiting the generality of the foregoing, Buyers and Sellers agree and acknowledge that a Loan Entity shall not be obligated to conduct any activities in any jurisdiction, including pursuant to Section 2.05(b) hereof in the event that such Loan Entity fails to obtain any Permit necessary to perform any activities in connection with a Pending Loan Syndication.

  • The Target Group does not have any material liabilities or obligations other than such liabilities and obligations (i) set forth on or reserved against in the Financial Statements, (ii) arising in the ordinary course of business since June 30, 2020, (iii) that are executory obligations arising in the ordinary course of business under any Contract (and not as a result of any breach thereof), and (iv) contained in any Loan Documents or any Pending Loan Modification.

  • Rate Change Report Daily Loan History Cards As Requested Purged Loan Report Annually Renewed Loan Report Daily Platform Pending Loan Report Daily Dealer Loan Report As Requested Loan Coupon Report Weekly On-Line Call Reports As App.

  • In the case of Xxxxx’x, a Loan as to which the Servicer shall have applied for a Xxxxx’x Credit Estimate and shall have provided to Xxxxx’x all the information that is required to provide such a Xxxxx’x Credit Estimate, provided such Loan shall cease to be a Rating Pending Loan with respect to Xxxxx’x on the date on which Xxxxx’x shall have provided, or declined to provide, such Xxxxx’x Credit Estimate.

Related to Pending Loan

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Existing Loan means the loan identified on Exhibit H.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

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

  • 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.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Covenant-Lite Loan means a Bank Loan that does not require the borrower thereunder to comply with any financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) (regardless of whether compliance with one or more incurrence covenants is otherwise required by such Bank Loan).

  • 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”.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Term Loan as defined in Section 2.1.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Absolute Rate Loan means a Bid Rate Loan, the interest rate on which is determined on the basis of an Absolute Rate pursuant to an Absolute Rate Auction.