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.

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

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

  • 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 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.

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

  • 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

  • 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 Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

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

  • Existing Loan means the loan identified on Exhibit H.

  • 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. Borrowers.

  • 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.

  • Non-U.S. Lender Party means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is not a United States person as defined in Section 7701(a)(30) of the Code.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Initial Revolving Loan means any revolving loan made by the Initial Revolving Lenders to the Borrower pursuant to Section 2.01(a)(ii).

  • Non-U.S. Lender means a Lender that is not a U.S. Person.

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

  • Revolving Loan Documents means the “Loan Documents” as defined in the Revolving Credit Agreement.

  • 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 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 8.2 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.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

Most Referenced Clauses

Most Referenced Definitions