Examples of Primary Loan in a sentence

A borrower who submitted a new application may appeal the Agen- cy’s appraisal, if it has not previously been negotiated under paragraph (i)(4) of this section, and the denial of other issues of Primary Loan Service pro- grams in which the appraisal, as part of the NRV calculation, is relevant.
However, bor- rowers must show that they are not able to pay their debt as scheduled be- fore the agency will approve Primary Loan Servicing Programs.
Commitments in respect of any Additional Loans shall become Commitments under this Agreement pursuant to an amendment (a “Facility Increase Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Primary Loan Parties, each Revolving Credit Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, and the Administrative Agent.
The term “Sale Proceeds” means all proceeds from a Sale, whether such proceeds are in the form of cash, promissory note (s), or kind, less (i) Closing Costs, (ii) the amounts needed to pay in full the Primary Loan Deed of Trust and the City Deed of Trust then encumbering the Property, Easements and Improvements, and (iii) Borrower's Equity at Sale.
In no event shall Developer’s difficulty or inability to obtain and secure the Primary Loan or other financing become an event of force majeure.

More Definitions of Primary Loan

Primary Loan means the loan provided by the primary lender that is used by the applicant to purchase a personal residence. A primary loan shall provide for a fixed interest rate and equal monthly payments of principal and interest for the term of the loan. The term of the primary loan must be at least 20 years, except that a homeownership revitalization area loan may be for a term of not less than 15 years.

Primary Loan means the permanent and construction financing obtained by Developer from one or more institutional lender(s) other than an Affiliate of Developer, as approved by Authority Executive Director, which loan(s) shall be senior to Authority’s Regulatory Agreement, Option Agreement, and Authority Loan Deed of Trust, but subordinate to the City Restrictions and Entitlement.

Primary Loan and “Primary Loans” shall mean, individually and collectively, the permanent and construction financing obtained by Developer for the Project from one or more lender(s) other than an Affiliate of Developer, as approved by Agency Executive Director, which loan(s) shall be senior to Agency’s Regulatory Agreement, but subordinate to the Entitlement for the Project.

Primary Loan has the meaning set forth in Recital B.

Primary Loan means any Loan made by any Primary Lender pursuant to Section 2.1(a).

Primary Loan means the loan secured by, among other things, a first lien on the Property and that was obtained by the Company in connection with the acquisition of the Property, and any other loan that, with prior Class A Member Approval, refinances or increases such loan and that is also secured by a first lien on the Property.