Qualifying loan definition

Qualifying loan means a government or commercial loan for

Qualifying loan as defined in subsection 4.23.

Qualifying loan means any loan made to a nursing student under:

Examples of Qualifying loan in a sentence

• In order to calculate the monthly principal payment, the lender shall capitalize to the outstanding principal balance of the Qualifying Loan the amount of all delinquent interest, delinquent taxes, past due insurance premiums, third party fees and (without duplication) escrow advances (such amount, the “Capitalized Balance”).

• For each Qualifying Loan, the lender shall determine the net present value of the modified loan and, if it will exceed the net present value of the foreclosed collateral upon disposition, then the Qualifying Loan shall be modified so as to reduce the borrower’s monthly DTI Ratio to no more than 31% at the time of the modification.

• In order for a mortgage loan to be a Qualifying Loan it must meet all of the following criteria, which must be confirmed by the lender: • The collateral securing the mortgage loan is owner-occupied and the owner’s primary residence; and • The mortgagor has a first priority lien on the collateral; and • Either the borrower is at least 60 days delinquent or a default is reasonably foreseeable.

• In order for a mortgage loan to be a Qualifying Loan it must meet all of the following criteria, which must be confirmed by the lender:  The collateral securing the mortgage loan is owner-occupied and the owner’s primary residence; and  The mortgagor has a first priority lien on the collateral; and  Either the borrower is at least 60 days delinquent or a default is reasonably foreseeable.

• In cases where the lender holds a junior lien mortgage loan that is collateralized by the same property that collateralizes a Qualifying Loan that is modified as described above, the junior lien mortgage loan shall also be modified to enhance overall affordability to the borrower.

More Definitions of Qualifying loan

Qualifying loan means a loan that contains terms not materially less favourable to the Lenders than the terms of the Loan (as reasonably determined by the Borrower (in consultation with an independent investment bank or counsel of international standing)) and provided that a certification to such effect (and confirming that the conditions set out in paragraph (a) to (h) below have been satisfied) of two senior financial officers of the Borrower shall have been delivered to the Lenders prior to the substitution or variation of the relevant Loan upon which certificate the Lenders shall rely absolutely, provided that:

Qualifying loan. Mortgage Loans which (i) conform to the Applicable Guidelines, and (ii) which conform to all Representations and Warranties, as defined in this Agreement and applicable to the related Mortgage Loans. Rating Agencies: Collectively, all nationally recognized statistical credit rating agencies providing a rating on any class of mortgage-backed securities issued by an Advanta Trust.

Qualifying loan means one or more government or commercial loans received solely to cover the cost of post-baccalaureate health professional training or, in the case of an expanded practice dental hygienist and Behavioral Health Loan Repayment incentive applicants, undergraduate, or undergraduate or other educational training. This does not include credit card loans, lines of credit, and personal loans.¶

Qualifying loan means a Single Family Shared-Loss Loan that meets (a) the Qualifying Loan criteria in Exhibit 5 of the Single Family Shared-Loss Agreement or (b) the Eligibility Guidelines set forth in the Making Home Affordable Supplemental Directive 09-01 (or such other amended criteria as may be published from time to time by the U.S. Department of the Treasury), and in either case has a current loan-to-value (LTV) position greater than 115%, unless otherwise agreed pursuant to a written instrument signed by both parties to this Single Family Shared-Loss Agreement.

Qualifying loan means any total return swap, margin loan, pledge or bona fide loan or other financing arrangement, in each case entered into with a nationally recognized financial institution, including a pledge to such a financial institution to secure a bona fide debt financing and any foreclosure by such financial institution or transfer to such financial institution in lieu of foreclosure and subsequent sale of the securities.

Qualifying loan means any Loan advanced by a Group Company from and including 1 June 1999 to and including the Completion Date;

Qualifying loan means a loan that contains terms not materially less favourable to the Lender than the terms of the Loan (as reasonably determined by Gazprom) and that: