Examples of Pool Loan in a sentence
Seller has failed to make, close, service or liquidate Seller’s Pool Loan in a prudent manner.
The Project the Pool Loan fi- nanced included the refinancing of ex- isting debt owed to the Seller or Third Party Lender (not including interim fi- nancing associated with the Project).
Copies of Pool Loan documents related to under- writing and origination, and any other Pool Loan-related documents SBA may, in its sole discretion, request to review in writing, must be sent to SBA’s Sacramento Pool Loan Proc- essing Center.
When a Pool Origi- nator proposes to form a Pool involv- ing a Pool Loan it does not own, it must purchase the Loan Interest it proposes to pool from a Seller that owns the whole Pool Loan and that has the servicing rights.
SBA has the right to re- view any Pool Loan before a Loan In- terest in it is added to a Pool, and SBA may prohibit the Pool’s formation as proposed based on SBA’s review in SBA’s sole discretion.
The transfer of one or more Loan Interests in a Pool Loan into a Pool.Pool Investor.
In the event SBA decides to review Pool Loan documents related to a Loan Interest prior to the requested Pool formation, that Loan Interest may not be added to the Pool until SBA reviews and approves the Pool Loan for such purpose.
At Pool for- mation, the CSA will issue the Seller a Seller Receipt evidencing the Seller’s retained ownership in the Pool Loan.
In addition, in order to complete such sale, Seller must have the purchaser of its rights to the Pool Loan execute the First Lien Position 504 Loan Pool Guarantee Agreement as Seller and de- liver the executed original to the CSA.§ 120.1708 Pool Certificates.
It is the Bidder’s responsibility to ensure all items in the Unit Price Work Form are correct.