Recipient of the Loan definition

Recipient of the Loan means a natural person of at least 18 years of age who is a citizen of the countries of the European Economic Area and/or a legal person registered in the register of legal entities of the countries of the European Economic Area who has duly signed and submitted the Application via the Website and whose application has been approved on the Website.
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Recipient of the Loan means a natural person of at least 18 years of age who is a citizen of the countries of the European Economic Area and/or a legal person registered in the register of legal entities of the countries of the European Economic Area who has duly signed and submitted the Application via the Website and whose application has been approved on the Website. Hereinafter the Recipient of the Loan shall mean a private (natural) person who borrows for consumption purposes and a person who borrows by means of crowdfunding unless the term “Recipient of the Consumer Credit” or “Recipient of the Credit” is specified and defined in the Agreement;
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Examples of Recipient of the Loan in a sentence

  • Also in cases when the Recipient of the Loan returns the payment through the Organizer's account.

  • Where the Recipient of the Loan is repaying the funds from the Recipient’ of the Loan Paysera account to the Lender’s Paysera account, or when the Recipient of the Loan transfers the funds to the special purpose transit account and the Organizer allocates the funds to the Lenders).

  • The Recipient of the Loan shall pay at the same time the Interest, the Administration fee and other payments.

  • If the Recipient of the Loan misses the specified term, the Account administration fee of 0.5 EUR/month can be applied.

  • The Loan repayment schedule shall be provided to the Recipient of the Loan in a durable medium and additionally uploaded in the unique account of the Recipient of the Loan.

  • The magnets are attracted to each other in the digestive system, damaging the intestinal tissue that becomes trapped between the magnets.

  • If the Recipient of the Loan or the Recipient of the Consumer Credit terminates the Agreement on the grounds provided for in paragraph 2.3 of the Use Agreement, the same consequences as the consequences set forth in paragraph 2.16 of the Special Terms and Conditions shall arise.

  • The funds shall be directly debited from one Paysera account of the Consumer and credited to another Consumer’s/User’s Paysera account (e.g. upon a successful closing of the Auction, from the Lender’s account to the account of the Recipient of the Loan, or from the Lender’s account to the special purpose transit account from which to the bank account of the Recipient of the Loan, or to other entities for the Recipient of the Loan.

  • The Bank generally prefers the entity responsible for implementing and operating the Project to be the Recipient of the Loan.

  • The amounts recovered from the Recipient of the Loan on a priority basis shall be intended to cover the recovery costs incurred.

Related to Recipient of the Loan

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • 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.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • 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.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

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

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Existing Loan means the loan identified on Exhibit H.

  • Permitted Overadvance means an Overadvance made by the Administrative Agent, in its discretion, which:

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

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

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

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

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

  • Revolving Loan Documents has the meaning specified for the term “Loan Documents” in the Revolving Credit Agreement.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Non Pro Rata Loan is defined in Section 9.2 hereof.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.