Loan Security definition

Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan. “Loan Term” means the repayment period of the loan.
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Loan Security means the mechanism by which the RECIPIENT pledges to repay the loan.
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Loan Security means all assets now or from time to time hereafter encumbered or subjected to a security interest or charge (or intended or required so to be pursuant to this Agreement or any other Loan Agreement) to secure the payment or performance of any of the Loan Obligations, including without limitation the assets described or referred to in Sections 6.1 and 6.2 hereof.
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Examples of Loan Security in a sentence

  • The ability of the Issuer to meet its obligations in full to pay principal on each of the Notes on the maturity of each Class of Notes will depend on, inter alia, the amount and timing of payment of principal (including full and partial prepayments) in respect of the Loans and the net proceeds upon enforcement of the Loan Security relating to a Loan and the repurchase by the Seller of the Loans.

  • The Loans, Loan Security and Additional Security will be repurchased for an aggregate amount equal to the Outstanding Balance of the repurchased Loan plus accrued interest thereon and pro rata costs up to (but excluding) the date of completion of the repurchase.

  • These representations and warranties will be given in relation to the Loans, Loan Security, Additional Security and all rights related thereto.

  • None of the Issuer, the Security Agent or the Administrator have made or caused to be made nor will any of them make or cause to be made, any enquiries, investigations or searches to verify the details of the Loans or the Loan Security, or to establish the creditworthiness of any Borrower, or any other enquiries, investigations or searches which a prudent purchaser of the Loans would ordinarily make, and each will rely instead on the representations and warranties given by the Seller in the MLSA.

  • A mortgage mandate does not constitute an actual security which creates a priority right of payment out of the proceeds of a sale of the mortgaged property, but is an irrevocable power of attorney granted by a Borrower or a third party provider of a Loan Security to certain attorneys enabling them to create a Mortgage as security for the Loan (a Mortgage Mandate).


More Definitions of Loan Security

Loan Security means a security held solely for the purposes of a moneylending agreement;
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Loan Security. Section 6.1. "Management Agreement" Section 7.13. "Maximum Amount of Credit" Section 2.1.1. "Maximum Leverage Ratio" Section 7.10.1. "Offshore Rate" Section 3.3.1. "Partnership Agreement" Section 7.13. "Payment Date" Section 3.1. "Permitted Liens" Section 7.7. "Plan Assets" Section 7.16. "Pledged Indebtedness" Section 6.1.4.(c) "Pledged Rights" Section 6.1.4.(b) "Pledged Securities" Section 6.1.4.(c) "Pledged Stock" Section 6.1.4.(a) "Secured Obligations" Section 6.1 "Swap Contracts"
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Loan Security means all accepted letters of offer, loan agreements, promissory notes, debentures, mortgages, hypothecations, pledges, assignments and security agreements of any kind which the Bank may hold at any time as security for the payment of the Principal Sum and all agreements amending, extending or renewing those security instruments. The Guarantor has read all of the Loan Security held by the Bank as of the date of this Guarantee.
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Loan Security. All loans will be secured by a UCC-1 filing, and otherwise these loans will be treated as unsecured loans from an underwriting perspective. Loan Repayment: Repayment will be expected to come from the borrower’s monthly income. Borrowers will be fully obligated to repay the credit via the promissory note and any associated filing to perfect the Bank’s interests. Underwriting Criteria: See Schedule 1, [ ] Bank’s Loan Criteria. Loan Origination Procedures & Schedule:
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Loan Security means all assets now or from time to time hereafter subjected to a security interest, mortgage or charge (or intended or required so to be subjected pursuant to this agreement or any other Loan Document) to secure the payment or performance of any of the Obligations, including the assets described in the Pledge Agreement.
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Loan Security. This loan is secured by certain property ( "Security") of Borrower or Other Parties. By signing this Agreement and the other loan documents Borrower and Other Parties consent to give this Security for the Loan. This means that Lender may use the Security to pay the Loan if Borrower defaults. Borrower has provided the following Security First Mortgage on the real property described in Paragraph 3 above and all blanket first lien security interest in all personal property of the Borrower. Borrower and Other Parties agree to execute any documents necessary to provide the Security and to enable Lender to perfect its security interest now and throughout the term of the Loan.
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Loan Security means in respect of any SME Receivables, any and all rights, title, interests and benefits relating to any payments under any Mortgage, Floating Charge, Xxxxxx’x Xxxx, any guarantee provided for such SME Receivables and any other type of security interest granted in respect of the SME Receivables.
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