RD Loan definition

RD Loan means a Mortgage Loan which is the subject of a RD Loan Guaranty Agreement as evidenced by a loan guaranty.
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RD Loan. “RD Loan Guaranty Agreement”, “VA Loan” and “VA Loan Guaranty Agreement” in their proper alphabetical order:
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RD Loan means a first lien Mortgage Loan originated in accordance with the criteria established by and guaranteed by the RD.
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Examples of RD Loan in a sentence

  • Any incoming General Partner shall, as a condition of receiving a Partnership interest, agree to be bound by the Project Documents, and all other documents executed in connection with the RD Loan Agreement to the same extent and on the same terms as any other General Partner.

  • If you cannot answer yes to this question you are not eligible for the R&D Loan scheme, please refer to the Ministerial Direction for information regarding eligibility.

  • Each Xxxxxx Mae Modified Loan (i) was modified in accordance with the Xxxxxx Xxx guide; (ii) with respect to (x) a FHA Loan, is fully insured by the FHA pursuant to a FHA Mortgage Insurance Certificate; (y) a VA Loan, is guaranteed by the VA pursuant to a VA Loan Guaranty Agreement and (z) a RD Loan, is guaranteed by the RD pursuant to a RD Loan Guaranty Agreement and (iii) conforms to the requirements of Xxxxxx Mae for securitization.

  • The Partnership shall fund, establish and maintain a reserve account in an amount required by the RD Loan Agreement which funds shall be used in accordance with RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.

  • The original recorded Mortgage, together with all applicable riders, the original recorded Assignment of Mortgage, the title insurance policy and FHA Mortgage Insurance Certificate, VA Loan Guaranty or RD Loan Guaranty Certificate or Private Mortgage Guaranty Insurance, as applicable, must be submitted to the Servicer within ninety (90) days from the Purchase Date of the subject Mortgage Loan.

  • The R&D Loan Fund is not comprised, in any part, of moneys raised by taxation.

  • No balloon payment of any third-party debt is allowed prior to the expiration of the minimum RD Loan Term (30 years for RRH transfers and 33 years for FLH); unless the Lender provides a written agreement, acceptable to the Agency, to extend the scheduled maturity on terms that do not require rents above CRCU through the term of the RD loan.

  • The Partnership shall fund, establish and maintain a reserve account in the amount that is the greater of $300 per unit per year or the amount required by the RD Loan Agreement, which funds shall be maintained and used in accordance with the requirements of the Replacement Reserve Agreement entered into between the Partnership and RD and RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.

  • Notwithstanding the foregoing, no distributions of cash may be made other than as provided in the RD Loan Agreement.

  • The Treasurer of State serves as the agent of the Director in making withdrawals and deposits and maintaining records related to the R&D Loan Fund.


More Definitions of RD Loan

RD Loan means the nonrecourse assumed loan from RD in the original principal amount of $1,202,968.42, with an assumed principal balance of $1,146,476.36, a 50 year term, 600 month amortization with 388 months remaining in the amortization, maturity on February 26, 2040, an original interest rate of 8.75%, an effective interest rate not to exceed 1.00% per annum pursuant to the Multiple Family Housing Interest Credit Agreement entered into by the Partnership and RD on March 1, 1990, and monthly principal and interest payments equal to $2,551.88.
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RD Loan means a first lien Mortgage Loan originated in accordance with the criteria established by and eligible to be guaranteed by the RD under a RD Loan Guaranty Agreement, and is so guaranteed pursuant to the provisions of the RD Regulations, and was originated in Strict Compliance with RD Regulations and the GNMA Guide, is eligible for inclusion in the GNMA Program, and unless otherwise agreed to by Buyer in its sole discretion, does not exceed the applicable maximum mortgage limits as set forth in the RD Regulations.
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RD Loan means any loan guaranteed by RD.
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Related to RD Loan

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

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

  • 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.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • 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.

  • 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.

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

  • 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”.

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

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

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

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

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

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

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.

  • 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.

  • Term Loan has the meaning specified in Section 2.01(b).

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

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

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;