Relocation Loans definition

Relocation Loans. Mortgage loans made to employees of corporations who have a substantial portion of the costs related to the mortgage loan reimbursed by their employer. Some of the expenses eligible for consideration include closing costs and discount points or real estate commissions. Because mortgagors of Relocation Loans generally are more likely to be transferred by their employers than mortgagors in general, Relocation Loans are generally believed to prepay faster than other loans with similar characteristics that are not Relocation Loans.
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Examples of Relocation Loans in a sentence

  • GenStone Acquisition Company LLC $ 10,200,000 4/26/2002 $ 10,200,000.00 4/26/2004 Employee Relocation Loans Maturity Holder Maker/Debtor Note Amount Date Balance Date General Cable Industries, Inc.

  • Schedule 9.7 Investments (Section 9.7) Otter Tail Power Company Detail of Investments As of June 30, 2017 Investment in Loan Pools $ 47,109 Relocation Loans to Employee 50,000 Trusts Associated With Large Joint Transmission Projects 6,990,646 Other Miscellaneous 24,350 $ 7,112,105 Schedule 9.8 Liens (Section 9.8) None.

  • Accordingly, all loans or other extensions of credit (excluding loans permitted under any of Assurant’s employee benefit plans, Equity Bridge Loans and reimbursements of expenses associated with Relocation Loans, subject to your business’ Relocation Policy) are prohibited.

  • Xxxx agrees to hereby indemnify and defend the Company against any and all taxes and/or liability arising from the Company's forgiveness of the Housing Loan and the Relocation Loans, including penalties and interest.

  • Schedule 9.7 Investments (Section 9.7) Otter Tail Power Company Detail of Investments As of September 30, 2016 Investment in Loan Pools $ 68,000 Other Miscellaneous 10,110 Relocation Loans to Employee 50,000 Trusts Associated Large Joint Transmission Projects 5,236,522 $ 5,364,632 Schedule 9.8 Liens (Section 9.8) None.

Related to Relocation Loans

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Bank Loans means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans and senior subordinated loans) which are generally under a syndicated loan or credit facility.

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee, and (iii) any late charges incurred hereunder.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • 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:

  • 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.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

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

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • New Revolving Loans as defined in Section 2.25.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.