Your Loan definition

Your Loan has a fixed Interest Rate that will apply for the Term of the Loan. The Interest Rate set out in the Financial Summary is only available if you borrow the Loan on or before the Cut-Off Date. You may ask for a revised Interest Rate on multiple occasions before the date you borrow the Loan.
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Your Loan has been transferred to ["Special Servicer Name"] ("Special Servicer") for Special Servicing. After we review your records, we will be contacting you soon.
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Your Loan shall refer to the eligible Neighbors Credit Union loan being paid using External Loan Payment Transfer.
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Examples of Your Loan in a sentence

  • Protection under this Contract does not affect, alter, or otherwise relieve Your obligations under Your Loan with Us. Whether or not You have made a request for Protection Activation, You remain obligated to make payments to Us and to comply with the terms of Your Loan.

  • You may repay Your Loan in full at any time prior to the Expiry Date, provided Your next scheduled Payment Date is at least one full Business Day after the intended date of repayment.

  • You authorise the assignment of wages and wage deduction authority for Our use at any time during the term of Your Loan and You acknowledge that We relied on Your assignment of wages and wage deduction authority when We agreed to enter into the Loan with You.

  • After Your consent is given, You may request from Us paper copies of Your Loan Documents.

  • We do not charge a fee for any loss resulting from full prepayment, but You will be required to pay the Unpaid Balance of Your Loan, including all interest and outstanding fees accrued up to the day of repayment.

  • Interest charges are calculated by multiplying the Unpaid Balance of Your Loan at the end of each day by the daily interest rate.

  • Your protection will automatically terminate: - on the last day of the month during which Your Loan and/or Program Fee is three (3) months delinquent or past due.

  • Please contact Us to obtain the amount required to repay Your Loan in full.

  • Funds will be applied to Your Loan account according to the loan terms and conditions.

  • Your Loan Agreement will govern transfers from an overdraft line of credit account.


More Definitions of Your Loan

Your Loan. Your eligible SRP Federal Credit Union Loan being paid using External Loan Payment Transfer.
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Your Loan. We agree to loan you ($Enter Amount) . For that loan, we will charge you the following fees:
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Your Loan has been transferred to ("Special Servicer Name") (the "Special Servicer") for Special Servicing. After we review your records, we will be contacting you soon. Please continue to remit all payments to ("Master Servicer's Name") while your loan is being serviced by the Special Servicer. ("Master Servicer's Name") will continue to process your checks and maintain the accounting records for this loan. The acceptance of any payments by ("Master Servicer's Name") does not constitute any agreement to modify or amend your loan in any way.
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Related to Your Loan

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

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • 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.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • ABR Loan means any Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate.

  • Eurodollar Loan means a Loan bearing interest based at a rate determined by reference to the Eurodollar Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an -------------- Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • 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.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • Prime Loan means any Loan tied to the Prime Rate.

  • 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.

  • 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.