Loan Year definition: Copy, customize, and use instantly
Introduction
The term "Loan Year" refers to a defined period used in loan agreements to track financial obligations, interest accrual, and repayment schedules. It is commonly measured as a 12-month period from a specific reference date, such as loan origination, disbursement, or the start of a fiscal year. Understanding "Loan Year" is essential for determining payment schedules, interest calculations, and compliance with financial covenants. It provides clarity on how loan-related obligations are measured over time, ensuring consistency in financial reporting and repayment structures.
Below are various examples of how "Loan Year" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Loan Year" as a 12-month period from loan disbursement
This definition ties "Loan Year" to the loan's disbursement date.
"Loan Year" means the period of twelve (12) consecutive months commencing on the date of the initial loan disbursement and each successive twelve-month period thereafter.
Definition of "Loan Year" as a calendar year measurement
This definition connects "Loan Year" to the standard calendar year.
"Loan Year" refers to the period beginning on January 1 and ending on December 31 of each year during the term of the loan.
Definition of "Loan Year" as a fiscal year tracking period
This definition links "Loan Year" to a borrower’s fiscal year for financial reporting.
"Loan Year" means each twelve-month period commencing on the first day of the Borrower’s fiscal year and continuing through the last day of such fiscal year.
Definition of "Loan Year" as an anniversary-based measurement
This definition applies "Loan Year" to the anniversary of the loan agreement.
"Loan Year" refers to each consecutive twelve (12) month period beginning on the Effective Date of this Loan Agreement and on each anniversary thereof.
Definition of "Loan Year" as an interest accrual period
This definition ties "Loan Year" to the period for calculating interest.
"Loan Year" means each twelve (12) month period used for computing interest on the outstanding principal balance of the loan, commencing on the Loan Closing Date.
Definition of "Loan Year" as a repayment tracking period
This definition connects "Loan Year" to the borrower's repayment obligations.
"Loan Year" refers to the annual cycle beginning on the first repayment due date and continuing for each successive twelve-month period thereafter.
Definition of "Loan Year" as a lender-defined measurement period
This definition links "Loan Year" to a lender-specified timeframe.
"Loan Year" means the period of twelve (12) months designated by the Lender for tracking loan performance, beginning on a date determined at its discretion.
Definition of "Loan Year" as a lease-linked period
This definition applies "Loan Year" to financing arrangements associated with lease agreements.
"Loan Year" refers to each twelve-month period commencing on the same date as the underlying lease agreement, used for loan performance evaluation.
Definition of "Loan Year" as an amortization-based term
This definition ties "Loan Year" to the loan’s amortization schedule.
"Loan Year" means each successive twelve-month period within the amortization schedule of the loan, commencing on the first payment due date.
Definition of "Loan Year" as a credit review cycle
This definition connects "Loan Year" to periodic lender reviews.
"Loan Year" refers to the twelve-month period during which the Lender evaluates the Borrower’s creditworthiness and repayment performance.
Definition of "Loan Year" as a financial covenant measurement period
This definition links "Loan Year" to financial covenant compliance.
"Loan Year" means each twelve-month period during which the Borrower’s compliance with financial covenants is assessed in accordance with the Loan Agreement.
Definition of "Loan Year" as a project financing term
This definition applies "Loan Year" to loans funding specific projects.
"Loan Year" refers to each twelve (12) month period beginning on the first disbursement date and continuing until the project's financing term is completed.
Definition of "Loan Year" as a revolving credit utilization period
This definition ties "Loan Year" to revolving loan availability.
"Loan Year" means the annual period used to determine the Borrower’s revolving credit utilization and renewal terms.
Definition of "Loan Year" as a subsidy or grant compliance period
This definition connects "Loan Year" to regulatory compliance for subsidized loans.
"Loan Year" refers to the twelve-month period used to assess the Borrower’s adherence to subsidy or grant conditions associated with the loan.
Definition of "Loan Year" as a performance-based incentive period
This definition links "Loan Year" to financial incentives or penalties.
"Loan Year" means each annual period during which the Borrower’s performance under the Loan Agreement is reviewed to determine eligibility for incentives or penalties.
Definition of "Loan Year" as a deferred repayment cycle
This definition applies "Loan Year" to deferred payment structures.
"Loan Year" refers to the twelve-month period beginning on the loan deferment expiration date and continuing annually thereafter.
Definition of "Loan Year" as a government-backed loan cycle
This definition ties "Loan Year" to government-supported loan programs.
"Loan Year" means the annual period defined by applicable government regulations for tracking compliance with the terms of a government-backed loan.
Definition of "Loan Year" as a student loan eligibility cycle
This definition connects "Loan Year" to academic financing.
"Loan Year" refers to each academic year for which loan disbursements are allocated to the Borrower, as determined by educational financing guidelines.
Definition of "Loan Year" as a construction loan tracking period
This definition links "Loan Year" to construction loan terms.
"Loan Year" means each twelve-month period beginning on the first draw date under the construction loan, used to assess funding progress.
Definition of "Loan Year" as a working capital loan duration
This definition applies "Loan Year" to operational financing.
"Loan Year" refers to the twelve-month period used to evaluate the Borrower’s working capital loan utilization and renewal terms.
Definition of "Loan Year" as an insurance-linked financing term
This definition ties "Loan Year" to insurance coverage for loans.
"Loan Year" means the twelve (12) month period for which loan-related insurance coverage is maintained, commencing on the loan closing date.
Definition of "Loan Year" as an installment loan repayment cycle
This definition connects "Loan Year" to installment payments.
"Loan Year" refers to each twelve-month period within the installment payment schedule, beginning on the date of the first installment due date.
Definition of "Loan Year" as a syndicated loan review period
This definition links "Loan Year" to multi-lender agreements.
"Loan Year" means each annual period during which participating lenders in a syndicated loan assess Borrower performance and loan conditions.
Definition of "Loan Year" as a fixed-rate loan reset period
This definition applies "Loan Year" to fixed-rate loan structures.
"Loan Year" refers to the twelve-month period following the date of rate fixation, used for assessing any subsequent rate adjustments or renewals.
Here are 10 additional unique definitions for "Loan Year", ensuring no repetition:
Definition of "Loan Year" as a prepayment penalty period
This definition ties "Loan Year" to penalties for early repayment.
"Loan Year" means each twelve-month period from the Loan Closing Date, used to determine any applicable prepayment penalties based on early repayment terms.
Definition of "Loan Year" as an income-based repayment calculation period
This definition connects "Loan Year" to income-adjusted repayment structures.
"Loan Year" refers to each annual period used to reassess the Borrower’s income for the purpose of calculating adjusted repayment obligations under an income-based loan program.
Definition of "Loan Year" as a debt service coverage ratio (DSCR) assessment period
This definition links "Loan Year" to DSCR compliance.
"Loan Year" means each twelve-month period during which the Borrower’s debt service coverage ratio is reviewed in accordance with loan covenants.
Definition of "Loan Year" as a mortgage escrow analysis period
This definition applies "Loan Year" to escrow account management.
"Loan Year" refers to the twelve-month period used by the Lender to assess and adjust escrow account balances for property taxes and insurance.
Definition of "Loan Year" as a loan maturity countdown period
This definition ties "Loan Year" to tracking loan maturity.
"Loan Year" means each successive twelve-month period counted from the Loan Closing Date until the maturity date of the loan.
Definition of "Loan Year" as a balloon payment schedule reference
This definition connects "Loan Year" to balloon payment terms.
"Loan Year" refers to the twelve-month intervals used in the loan amortization schedule to determine the timing of a final balloon payment.
Definition of "Loan Year" as a loan renewal evaluation period
This definition links "Loan Year" to loan renewal or refinancing assessments.
"Loan Year" means each annual period during which the Lender evaluates the Borrower’s eligibility for loan renewal or refinancing under existing terms.
Definition of "Loan Year" as a multi-tranche funding period
This definition applies "Loan Year" to staged loan disbursements.
"Loan Year" refers to each twelve-month period in which a new tranche of funds is disbursed under a multi-stage financing agreement.
Definition of "Loan Year" as a tax-deductibility measurement period
This definition ties "Loan Year" to tax-related loan deductions.
"Loan Year" means the twelve-month period for which the Borrower may claim interest deductions or other tax benefits associated with the loan.
Definition of "Loan Year" as an agricultural loan cycle
This definition connects "Loan Year" to seasonal lending programs.
"Loan Year" refers to each annual crop or livestock production cycle for which loan funds are allocated, as defined under an agricultural financing agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.