Renovation Loan definition

Renovation Loan means a Loan requested by a Borrower pursuant to Section 2.02(a)(ii).
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Renovation Loan means a loan with the principal amortized over a --------------- period of 5 to 7 years, the proceeds of which are used to renovate farm equipment or farm buildings and other structures.
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Renovation Loan means a Collateral Loan where the proceeds will be used for the conversion or renovation of existing facilities.
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Examples of Renovation Loan in a sentence

  • I\We hereby consent to the sharing among you of any employment information which we obtain for the purpose of processing my\our application for the Town of Hamburg Mobile Home Renovation Loan Program.

  • I\We hereby consent to the sharing among you of any credit information which we obtain for the purpose of processing my\our application for the Town of Hamburg Mobile Home Renovation Loan Program.

  • I\We hereby consent to the sharing among you of any employment information which we obtain for the purpose of processing my\our application for the Town of Hamburg Housing Renovation Loan Program.

  • I\We hereby consent to the sharing among you of any credit information which we obtain for the purpose of processing my\our application for the Town of Hamburg Housing Renovation Loan Program.

  • Upon such review, restructuring, reduction and/or cancellation, the Bank may require all or part of the monies outstanding under the Renovation Loan to be repaid.

  • The Renovation Loan will be deemed as disbursed upon issuance of cashier’s order(s) by the bank for the amount stated below.

  • The Renovation Loan granted may be reviewed, restructured, reduced and/or cancelled from time to time by the Bank in its absolute discretion.

  • We will open a new OCBC Statement Savings account* to deduct all monthly instalments, interest and fees for your Renovation LoanFor joint applications, the new OCBC account to be opened will be a joint account and it will be opened under the joint names of the joint Renovation Loan applicants.

  • These Terms and Conditions and all matters relating to the Renovation Loan shall be governed by and construed in accordance with the laws of Singapore and the Borrower hereby irrevocably submits to the non-exclusive jurisdiction of the courts of Singapore Provided Always that submission to the jurisdiction of the courts of Singapore shall not preclude the Bank from commencing proceedings in the courts of any other country.

  • TRLP Participant shall determine applicant eligibility for each Tennessee Renovation Loan submission in accordance with Section 5.1.


More Definitions of Renovation Loan

Renovation Loan or “loan” means the loan provided by Beausoleil First Nation to an approved homeowner for repair or renovation of a home on Beausoleil First Nation.
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Renovation Loan means a Collateral Loan where the proceeds will be used for the conversion or renovation of existing facilities. “REO Property” means real estate owned by Borrower or the Originator, which real estate has been acquired and is owned by such Person as a result of foreclosure or acceptance by such Person of a deed in lieu of foreclosure, or similar transaction, whether previously constituting Loan Collateral or otherwise, together with all of such Person’s now owned or hereafter acquired interests in the improvements thereon, the fixtures attached thereto and the easements appurtenant thereto. “Requested Amount” has the meaning assigned to such term in Section 2.02. “Required Lenders” means, as of any date of determination, one or more Lenders having aggregate Percentages greater than or equal to 66 2/3%; provided, however that at any time there are two (2) or more Lenders, “Required Lenders” must include at least two (2) Lenders (who are not Affiliates of each other). To the extent provided in the last paragraph of Section 14.01(c), the Percentage of any Defaulting Lender shall be disregarded in determining Required Lenders at any time. “Reserves” means such reserves against Collateral Loans, Availability, or the Borrowing Base that Administrative Agent may, in its reasonable credit judgment, establish from time to time. Without limiting the generality of the foregoing, Reserves established to ensure the payment of accrued Interest Expense or Indebtedness shall be deemed to be a reasonable exercise of Administrative Agent’s credit judgment. “Responsible Officer” means (a) in the case of a corporation, partnership or limited liability company that, pursuant to its Constituent Documents, has officers, any chief executive officer, chief financial officer, chief administrative officer, president, senior vice president, vice president, assistant vice president, treasurer, director, manager, secretary or assistant secretary, (b) in the case of a limited partnership, the Responsible Officer of the general partner, acting on behalf of such general partner in its capacity as general partner, (c) in the case of a limited liability company that does not have officers, any Responsible Officer of the sole member, managing member or manager, acting on behalf of the sole - 32- 34881204v6 110062879
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Renovation Loan means Three Million Dollars ($3,000,000), which is the maximum amount of Advances Lender is obligated to make under this Loan Agreement for renovation and refurbishment of the Improvements.
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Related to Renovation Loan

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

  • 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.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Equipment Advance is defined in Section 2.1.1.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Existing Loan means the loan identified on Exhibit H.

  • 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.

  • 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:

  • Term Advance has the meaning specified in Section 2.01(a).

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

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

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

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

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

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • 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.

  • Loan repayment means the cancellation and repayment of loans

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Initial Advance means the first Advance made pursuant to Article II.

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • Initial Loan is defined in Section 2.1.

  • 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.

  • Original Loan shall have the meaning set forth in the recitals hereto.