Third Party Loan definition

Third Party Loan. A Mortgage Loan (including any Correspondent Loan) owned by a third party investor and with respect to which Owner owns or has otherwise acquired the Servicing Rights relating thereto, and any Correspondent Loan held by Owner as a whole loan.

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Third Party Loan means any loan, advance, deposit or extension of credit made or granted by Borrower to any other Person.

Third Party Loan means (a) a loan made to the Company that is secured by a lien on the Subsidiary Interests or the other assets of the Company or that is senior to other indebtedness of the Company or (b) a loan made to any or all of the Subsidiary Companies that is secured by a lien on the Subsidiary Company Assets of such Subsidiary Company (including, without limitation, a lien on any or all of the Property owned by such Subsidiary Company). As of the Effective Date, each of the 77 Greenwich Mortgage Loan, the 237 11th Mortgage Loan and the 237 11th Mezz Loan is a Third Party Loan.

Examples of Third Party Loan in a sentence

• This subordination applies only to CDC and SBA and their successors and assigns, and shall not inure to the benefit of Borrower or any guarantor of the Third Party Loan.

• This document will be released and terminated upon the payment in full of either the Third Party Loan or the 504 loan and all costs related thereto.

• Any balloon payment for the Third Party Loan must be clearly identified and disclosed to SBA and approved at application or subsequently approved by SBA.

• In the event that either the Third Party Loan or the 504 Loan is declared in default, Third Party Lender and CDC and SBA agree to cooperate in liquidating and/or selling the Common Collateral.

• This Agreement will inure to the benefit of and bind the respective parties to this Agreement, and their successors and assigns, including any party acquiring the Third Party Loan and Third Party Lender Lien by sale, assignment, or other transfer from Third Party Lender.

More Definitions of Third Party Loan

Third Party Loan shall have the meaning provided in Section 9.7(E) below.

Third Party Loan means, with respect to any Person, any loan or advance (other than deposits with financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable and similar items made or incurred in the ordinary course of business) by that Person to any other Person, including all Indebtedness to such Person arising from a sale of property by such Person other than in the ordinary course of its business.

Third Party Loan means, collectively, the Third Party Mortgage Loan and the Third Party Mezzanine Loan.

Third Party Loan has the meaning set forth in Section 4.3(a).

Third Party Loan means the loan(s) from the Third-Party Lender(s) for the purpose of financing the construction costs of the Project (and not the Single Family Development) and permanent take-out financing, if any, of such construction financing.

Third Party Loan. A Mortgage Loan which has been originated and closed in the name of a Third Party Lender.

Third Party Loan means the Construction Loan, Permanent Loan, Construction/Permanent Loan (if any), and/or any other loan, credit enhancement or construction period guaranty facility that is secured by a deed of trust or other instrument, except for the City Acquisition Loan.