Secondary Loan definition

Secondary Loan means a housing loan under s. 45.352, 1971 Stats., or s. 45.80, 1989 Stats.
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Secondary Loan means the use of Bond Loan proceeds by an Eligible CDFI to finance or Refinance a loan to a Secondary Borrower for Eligible Purposes, which meets the applicable Secondary Loan Requirements;
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Secondary Loan means the use of Bond Loan proceeds by an Eligible CDFI to finance or Refinance a loan to a Secondary Borrower for Eligible Purposes, which meets the applicable Secondary Loan Requirements.
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Examples of Secondary Loan in a sentence

  • Secondary Loan maturities shall not exceed the corresponding Bond or Bond Loan maturity date.

  • Applicants should become familiar with the published Secondary Loan Requirements.

  • The Secondary Loan Requirements are found on the CDFI Fund’s website at www.cdfifund.gov.

  • Pursuant to the Paperwork Reduction Act, the Qualified Issuer Application, the Guarantee Application, and the Secondary Loan Requirements have been assigned the following control number: 1559–0044.

  • In accordance with the Regulations, Eligible CDFIs must finance or refinance Secondary Loans for Eligible Purposes (not including loan loss reserves) that comply with Secondary Loan Requirements.

  • Pursuant to the Paperwork Reduction Act, the Qualified Issuer Application, the Guarantee Application, and the Secondary Loan Requirements have been assigned the following control number: 1559-0044.

  • The Qualified Issuer and the Guarantor will reserve certain rights to enforce (or direct enforce- ment of) remedies upon an event of de- fault under the Secondary Loan docu- ments.§ 1808.619 Reporting requirements.The Bond Documents and Bond Loan documents shall specify such moni- toring and financial reporting require- ments as deemed appropriate by the CDFI Fund including, but not limited to the following:(a) Data—General.

  • Secondary Loans shall amortize as de- termined by the Eligible CDFI; pro- vided that Secondary Loan amortiza- tion installments shall conform to the requirements of the applicable Sec- ondary Loan Requirements.

  • The Eligible CDFI must also at- test that the Secondary Loan conforms to the requirements set forth in the ap- plicable Secondary Loan Require- ments.

  • As Secondary Loans are repaid, the Eligi- ble CDFI may, through the Relending Fund, Refinance and substitute as col- lateral for the Bond Loan other loan(s) for Eligible Purposes that meet the re- quired Secondary Loan Requirements, provided that the Eligible CDFI makes Bond Loan payments as required.


More Definitions of Secondary Loan

Secondary Loan shall have the meaning given to such term in Section 9.21(b).
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Secondary Loan means the use of Bond Loan proceeds by the Borrower to finance a loan to a Secondary Borrower for Eligible Purposes, which meets the applicable Secondary Loan Requirements.
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Secondary Loan means the use of Bond Loan proceeds by the Eligible CDFI to finance a loan to a Secondary Borrower for Eligible Purposes, which meets the applicable Secondary Loan Requirements. The Secondary Loans, as of any date, shall be such loans as are set forth in an Itemization of Collateral in effect as of such date, accompanied by a Certification of Collateral, including delivery of the related promissory notes.
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Secondary Loan and “Secondary Loans” shall have the meaning assigned in Section 2.1(b).
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Secondary Loan means that certain subordinate financing to the Partnership from the City in the original principal amount of $1,900,000.
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Related to Secondary Loan

  • 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.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • 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.

  • 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”.

  • Initial Loan is defined in Section 2.1.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

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

  • Conduit Inventory Loan shall have the meaning assigned to such term in Section 14(d).

  • 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.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • 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.

  • 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).

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • FHA Loan means a Mortgage Loan which is the subject of an FHA Mortgage Insurance Contract.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • 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.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • 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.

  • 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.

  • 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.