Confirmation of Loan Application Clause Samples

The Confirmation of Loan Application clause serves to formally acknowledge that a loan application has been received and is under review by the lender. Typically, this clause outlines the process by which the applicant is notified of the receipt, such as through written or electronic communication, and may specify any next steps or required documentation. Its core practical function is to provide clarity and assurance to the applicant that their request is being processed, reducing uncertainty and establishing a clear point of contact between the parties.
Confirmation of Loan Application. The Borrower confirms the accuracy, authenticity, genuineness and legal validity of the information, document, statements given/provided by him/her/them, either in his/her/their Loan Application made to Bank, or otherwise during the subsistence of this Agreement/ Loan.
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Confirmation of Loan Application. The Borrower confirms the accuracy of the information given in his Loan application made to the IHFL and any prior subsequent information or explanation given to the IHFL in this behalf.
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Confirmation of Loan Application. The Borrower acknowledges and confirms that all the factual information provided by the Borrower and the Guarantor(s) to the Lender in the Loan Application or otherwise in order to avail the Facility and any prior or subsequent information or explanation given to the Lender in this regard and any information provided to the Lender in connection with the Security, is true and accurate in all material respects as at the date it was provided and does not omit to state a material fact necessary in order to make the statements contained therein misleading in the light of the circumstances under which such statements were or are made.
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Confirmation of Loan Application. The Borrower confirms the accuracy of the information given in his Loan application made to AUSFB and any prior or subsequent information or explanation given toAUSFB in this behalf.
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Confirmation of Loan Application. The Borrower confirms the accuracy of the information given in his Loan application made to BANDHAN BANK and any prior or subsequent information or explanation given to BANDHAN BANK in this behalf. The Borrower also warrants and undertakes that no material information including other liabilities has been suppressed by him in this loan application.
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Confirmation of Loan Application. That the information given in the Loan Application and any prior or subsequent information provided or explanation furnished, to LICHFL in this behalf are true, complete and accurate in every respect and LICHFL may at any time, call for verification of any/all such information. Any such information in possession of LICHFL shall be deemed to have been given only by the BORROWER/S.
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Confirmation of Loan Application. The Borrower has disclosed/furnished all facts/information to the Lender in respect of the Loan and all information in the Loan Application or in any supporting documents or otherwise howsoever is absolutely true, correct and complete in all respects and that no fact or information necessary to be furnished by the Borrower has been omitted to stated in order to induce the Lender to provide the Loan.
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Related to Confirmation of Loan Application

  • Correction of Loan Documents Bank may correct patent errors and fill in any blanks in the Loan Documents consistent with the agreement of the parties.

  • Reaffirmation of Loan Documents Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. This Amendment shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as it may be increased pursuant hereto. This Amendment constitutes a Loan Document.

  • RATIFICATION OF LOAN DOCUMENTS Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply: (a) Lender may extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend the time for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement or any other Loan Document, whether presently existing or entered into after the date of this Guaranty, or waive such performance or compliance. (c) Lender may accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan Agreement, or any other Loan Document. (d) Lender and Borrower may modify or amend the Note, the Loan Agreement, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

  • Execution of Loan Documents; Borrowing Base Certificate The Borrowers hereby empower and authorize the Borrower Representative, on behalf of the Borrowers, to execute and deliver to the Administrative Agent and the Lenders the Loan Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes of the Loan Documents, including, without limitation, the Borrowing Base Certificates and the Compliance Certificates. Each Borrower agrees that any action taken by the Borrower Representative or the Borrowers in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Borrower Representative of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Borrowers.