Scottish Loan definition

Scottish Loan means a Loan secured by a Scottish Mortgage;
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Scottish Loan means a Loan secured by a standard security over a Property located in Scotland;
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Scottish Loan means a Loan secured by a standard security over a Property located in Scotland; Second Closing Date means 5 March 2008;
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Examples of Scottish Loan in a sentence

  • These set-off claims will constitute transaction set-off as described in the immediately preceding risk factor.The amount of any such claim in respect of a Flexible Loan Drawing will, in many cases, be the cost to the Borrower of finding an alternative source of funds (although, in the case of a Flexible Loan Drawing, in respect of a Scottish Loan, it is possible, though regarded as unlikely, that the Borrower's rights of set-off could extend to the full amount of the additional drawing).

  • In relation to each Scottish Loan, where the mortgage securing the Property is not in joint names, the Borrower must grant or (as applicable) obtain an affidavit, declaration, consent or renunciation, in terms of Matrimonial Homes (Family Protection) (Scotland) Act 1981 and/or (as applicable) the Civil Partnership Act 2004 in connection with such Scottish Loan and its related mortgage so as to ensure that the relevant Property is not subject to any right of occupancy.

  • The sale by the Seller to the Issuer of each Scottish Loan and its Related Security in the Portfolio will be given effect by a Scottish Declaration of Trust by the Seller in favour of the Issuer granted on the Closing Date.

  • In relation to each Scottish Loan, where the mortgage securing the property is not in joint names, the Borrower must grant or (as applicable) obtain an affidavit, declaration, consent or renunciation, in terms of Matrimonial Homes (Family Protection) (Scotland) Act 1981 and/or (as applicable) the Civil Partnership Act 2004 in connection with such Scottish Loan and its related mortgage so as to ensure that the relevant property is not subject to any right of occupancy.

  • The key new development is the launch of the Scottish Loan Fund, which will make a significant contribution to economic development.

  • This based on the most recently available published data; however, this is often in relation to a much wider market than that targeted by the Scottish Loan Fund (SLF), and is based on estimates of demand.

  • On the other hand, competition should drive costs and hence charges down.

  • Agreed commitments totalled £102,500,000 at 31 December 2020.Notes to the financial statements (continued)For the year ended 31 December 2020 23.Contingent liabilities and financial commitments (continued) Other Funds (£1,364,000) The remaining undrawn commitments are related to the following investments - BoS Mezzanine Partners Fund LP (£1,314,000) and Scottish Loan Fund LP (£50,000).

  • This allowed the Scottish Investment Bank to engage with just under 300 companies either seeking equity finance, or external growth capital including bank finance.2010-11 saw the launch of the Scottish Loan Fund, managed by Maven Capital partners, the completion of the first two deals, anda healthy pipeline of dealflow.

  • In relation to each Scottish Loan, where the mortgage securing the property is not in joint names, the Borrower has granted or (as applicable) has obtained an affidavit, declaration, consent or renunciation, in terms of Matrimonial Homes (Family Protection) (Scotland) Act 1981 and/or (as applicable) the Civil Partnership Act 2004 in connection with such Scottish Loan and its related mortgage so as to ensure that the relevant property is not subject to any right of occupancy.


More Definitions of Scottish Loan

Scottish Loan means a Loan secured by a standard security over a Property located in Scotland; Second Closing Date means 5 March 2008; Second Supplemental Issuer Deed of Charge means the supplemental deed entered into on 8 June 2012 that supplements with effect as of 18 June 2012 the Original Issuer Deed of Charge, as supplemented by the First Supplemental Issuer Deed of Charge and the Second Supplemental Issuer Deed of Charge;
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Related to Scottish Loan

  • Assignable Loan means a Loan that is capable of being assigned or novated to, at a minimum, commercial banks or financial institutions (irrespective of their jurisdiction of organization) that are not then a lender or a member of the relevant lending syndicate, without the consent of the Reference Entity or the guarantor, if any, of such Loan (or the consent of the applicable borrower if the Reference Entity is guaranteeing such Loan) or any agent;

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • 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”.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • 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.

  • 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.

  • Commercial loan means a loan that is not made primarily for

  • Forgivable loan means a loan awarded under this section covering

  • 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;

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • 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.

  • the obligors on a note means "the obligor or obligors on a note"). "Until [something occurs]" does not imply that it must occur, and will not be modified by the word "unless." The word "due" and the word "payable" are each used in the sense that the stated time for payment has passed. The word "accrued" is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an "excess" does not exist. Portions of things may be expressed as fractions or percentages interchangeably.

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

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

  • Initial Loan is defined in Section 2.1.

  • Secured Loan has the meaning specified in Section 2(e) hereof.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

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

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.