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In Article 10 of the Treaty of Taipei, the inhabitants of Taiwan and Penghu are deemed to be nationals of the Republic of China.On 27 May 1952, Wajima Eiji [], who was the head of the Asian Affairs Bureau of Japan [] and one of the participants of the negotiation of the drafting of the treaty, explained in the House of Councillors of Japan that, the purpose of Article 10 is to facilitate the ...
The legal provision in the loan agreement providing for the loan to be "called" is the "acceleration clause": once the buyer defaults, all future payments due under the loan are "accelerated" and deemed to be due and payable immediately. [1] Covenants may also be waived, either temporarily or permanently, usually at the sole discretion of the ...
To be deemed marketable, assets must be capable of being sold under normal market conditions with reasonable promptness at current fair market value. For sizeable banks to accept a borrower's loan proposal, collateral must be equal to or greater than 100% of the loan or credit extension amount.
In case of revolving loans, lenders demand periodic recalculations of borrowing base and subsequently adjust the credit limit. Traditionally, banks recalculated borrowing base for businesses yearly, biannually, or monthly. [18] In recent years, however, such 'fixed' borrowing base is deemed risky, as company's assets fluctuate in time.
In the U.S., A-term loans have become increasingly rare over the years as issuers bypassed the bank market and tapped institutional investors for all or most of their funded loans. An institutional term loan (B-term, C-term or D-term loan) is a term-loan facility with a portion carved out for nonbank, institutional investors.
Credit assessment is completed during the loan application process by applying a set criterion to an application which results in either a loan approval or decline. It is important to note that credit assessment is one way that the lender reduces risk of loan default and is thereby one example of how lenders may apply credit rationing in practice.
A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.
The suit also alleged that Sallie Mae failed to properly disclose loan terms to private student loan borrowers. The lawsuit was settled in 2011. The terms of the settlement included Sallie Mae agreeing to make a $500,000 donation to the United Negro College Fund and the attorneys for the plaintiffs receiving $1.8 million in attorneys' fees.