USDA Loans definition

USDA Loans means Mortgage Loans originated under the USDA Rural Development single-family mortgage loan program.
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USDA Loans means a residential mortgage loan, the payment of which is guaranteed by the United States Department of Agriculture or any successor thereto.
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USDA Loans means the USDA/Commerce Debts taken out by the Company in December 2005 and September 2006 in the amounts of US$1,200,000 and US$2,100,000 respectively.
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Examples of USDA Loans in a sentence

  • With respect to the USDA Loans, the USDA Loan Guaranty Agreement is in full force and effect to the maximum extent stated therein.

  • Prior to such time, Nominee and Servicer each shall take direction from Seller Parties with respect to such FHA Loans, VA Loans and USDA Loans.

  • With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date.

  • With regard to FHA, VA or USDA Loans, in the reasonable judgment of Arc, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of Arc.

  • To the extent the Seller originates (i) VA Loan, (ii) FHA Loans, (iii) USDA Loans, or (iv) mortgage loans approved or insured by the United Stated Department of Housing and Urban Development (“HUD”), it is a HUD approved mortgagee under Section 203 of the National Housing Act.

  • If and to the extent that any FHA Loans, USDA Loans or VA Loans are Subject Mortgages, the Seller is an FHA Approved Mortgagee and a VA Approved Lender.

  • The Prepetition USDA Loans were secured with mortgage liens against certain real property of the Debtor which is not Prepetition Real Property Collateral and, in addition, by security agreements granting the USDA liens and security interests in cash, proceeds, products, offspring, rents, and profits of such real property, and other property of the Debtor which may constitute Cash Collateral (the “USDA Collateral”;such liens and security interests, the “Prepetition USDA Liens”).

  • With respect to the USDA Loans, the USDA Guaranty is in full force and effect to the maximum extent stated therein.

  • With regard to FHA, VA or USDA Loans, in the reasonable judgment of ArcHome, the related MIC, LGC or guaranty cannot be obtained, or any required private mortgage insurance or guaranty, lapses, is rescinded, or claim thereon is denied or not paid unless directly and solely caused by the negligence of ArcHome.

  • Should the Seller, for any reason, cease to possess all such Xxxxxx Mae Approvals, or should notification to Xxxxxx Xxx or, if and to the extent that any FHA Loans, USDA Loans or VA Loans are Subject Mortgages, to HUD, FHA, USDA or VA as described in Section 3.16 hereof be required, the Seller shall so notify the Buyer promptly in writing.


More Definitions of USDA Loans

USDA Loans. Means a Loan guaranteed by the U.S. Department of Agriculture (USDA) Rural Development.
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USDA Loans has the meaning specified in Section 6.1(i).
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USDA Loans means mortgage loans guaranteed by the United States Department of Agriculture.
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USDA Loans means mortgage loans guaranteed by the United States Department of Agriculture. Table of Contents
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USDA Loans means Mortgage Loans originated under the USDA Rural Development single-family mortgage loan program. “VA” means the Department of Veterans Affairs and any successor.
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Related to USDA Loans

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

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

  • Revolving Loans as defined in Section 2.4(a).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

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

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

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

  • 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.

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

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

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • 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.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.