Loan Program Clause Samples

Loan Program. The parties agree that the Loan Program shall consist of the origination, funding, and collection of Loans, from time to time in accordance with the Program Guidelines, to Borrowers who are residents of the State of Ohio. The parties agree that Lender shall have sole responsibility for establishing credit and underwriting criteria for the Loans, making the decisions as to whether or not to make Loans to prospective Borrowers, funding the Loans, and managing the Loan Program in accordance with Lender’s express obligations under this Agreement and the Program Guidelines. Nothing herein shall be deemed to commit Lender to originate or fund any particular level or number of Loans, and Lender makes no representation as to the amount of funding it will be able to raise for the Loans.

Loan Program. The Participant agrees to pay the auditor/contractor for any costs incurred for improvements outside of the loan and not authorized in writing by the City. The Participant also understands that the Program is a loan and fully repayable to Lender.

Loan Program. The parties agree that the Loan Program shall consist of the origination, funding, and collection of Loans to Borrowers in accordance with the Rules and Program Guidelines. The parties agree that Lender shall have sole responsibility for establishing credit and underwriting criteria for the Loans, making the decisions as to whether or not to make Loans to an Applicant, funding the Loans, and, subject to the timely performance of CSO’s obligations hereunder, managing the Loan Program in accordance with the express obligations under this Agreement and the Program Guidelines. Except as expressly provided herein, (i) nothing herein shall be deemed to commit Lender to originate or fund any particular level or number of Loans, and (ii) Lender makes no representation, warranty or covenant as to the amount of funding it will be able to provide for the Loans. Except as expressly provided with respect to the rights and interest of CSO in this Agreement, Lender or its assigns shall be the sole owner of all Loans made pursuant to this Agreement and CSO shall have no right, title or interest in such Loans.

Loan Program. The parties agree that the Loan Program shall consist of the origination, funding, and collection of Loans, from time to time in accordance with the Program Guidelines, to Borrowers who are residents of the State of Texas. The parties agree that Lender shall have sole responsibility for establishing credit and underwriting criteria for the Loans, making the decisions as to whether or not to make Loans to prospective Borrowers, funding the Loans, and managing the Loan Program in accordance with Lender’s express obligations under this Agreement and the Program Guidelines. Nothing herein shall be deemed to commit Lender to originate or fund any particular level or number of Loans, and Lender makes no representation as to the amount of funding it will be able to raise for the Loans.

Loan Program. As part of its independent obligations hereunder, CSO will cause the Loans to be arranged in accordance with the terms and conditions of the Loans, this Agreement, the Lender’s Policies, the Loan Program, and all Applicable Laws. Lender will cause the Loan Documents to be compliant with all Applicable Laws, including any usury laws, consumer protection laws, the federal Truth in Lending Act and Regulation Z, and limits on fraudulent or unconscionable conduct.

Loan Program. A. An employee who wishes to borrow funds on deposit in their defined contribution portion of Retirement Plan 5 or Retirement Plan 6 shall make application to the ▇▇▇▇▇ County Employees Retirement System on a form provided by the Retirement Office. B. The Director of the ▇▇▇▇▇ County Employees‟ Retirement System or the Deputy Director in the director‟s absence shall have the right to approve the employee‟s loan request, if the terms stated below are met. C. The employee will be allowed to borrow up to $50,000.00, but not to exceed fifty percent of the funds on deposit with the ▇▇▇▇▇ County Employees‟ Retirement System and which are held in the employee‟s defined contribution account within Retirement Plan 5 or Retirement Plan 6. D. The employee‟s right to obtain such a loan shall be regulated by the applicable Internal Revenue Service‟s (IRS) rules and regulations and if the amount of the loan requested by the employee exceeds the amount set forth by the appropriate IRS regulations, that employee will only be allowed to borrow up to the amount allowed by IRS (or by law) and no more. E. The employee shall repay the loan in full at an interest rate set by the ▇▇▇▇▇ County Retirement System. It is understood that this rate is a fluctuating rate and may be different for each employee depending on the date the loan is requested and paid out. The loan shall be repaid in accordance with the rules established by the ▇▇▇▇▇ County Employee Retirement System. The loan repayment period is (5) years. The employee may repay the loan sooner without penalty. F. The employee who requests a loan under this Agreement shall protect and hold harmless the ▇▇▇▇▇ County Probate Court, the ▇▇▇▇▇ County Employees‟ Retirement System, and GAA, in the event there is dispute between the employee and the Internal Revenue Service regarding the loan.

Loan Program. The City-County agrees to provide the BLDC with $200,000.00 from the Butte- Silver Bow Anaconda ARCO Loan fund for the purpose of providing these funds to small business owners under the following conditions: a. Each small business applying for a loan must fully complete all requirements of the BLDC loan program application. b. Each loan may be used to pay fixed debts, payroll, accounts payable and other outstanding obligations related to the COVID-19 pandemic impact on the business. Such funds may not be used for facility upgrades, equipment purchases, debt restructuring, leasehold improvements or payment of the business owner(s)’ personal expenses.

Loan Program. The parties agree that the Loan Program shall consist of the origination and funding of Loans to Borrowers in accordance with the Rules. The parties agree that Lender shall have sole responsibility for establishing credit and underwriting criteria for the Loans, making the decisions as to whether or not to make Loans to an Applicant, funding the Loans, and, subject to the timely performance of Originator’s obligations hereunder, managing the Loan Program in accordance with the express obligations under this Agreement. Except as expressly provided herein, (i) nothing herein shall be deemed to commit Lender to originate or fund any particular level or number of Loans, and (ii) Lender makes no representation, warranty or covenant as to the amount of funding it will be able to provide for the Loans. Except as expressly provided with respect to the rights and interest of Originator in this Agreement, Lender or its assigns shall be the sole owner of all Loans made pursuant to this Agreement and Originator shall have no right, title or interest in such Loans.

Loan Program. As part of its independent obligations hereunder as a special, limited purpose agent of Lender, CSO will cause the Loans to be originated, administered and serviced in accordance with the terms and conditions of the Loans, this Agreement, the Lender’s Policies, and all Applicable Laws, including any usury laws, consumer protection laws, racketeering laws (including the federal Racketeering Influenced and Corrupt Organizations Act), the federal Truth in Lending Act or Regulation Z, and limits on fraudulent or unconscionable conduct.