Class 1 Loan definition

Class 1 Loan means any Collateral Loan (a) that, as of the Trade Date of such Collateral Loan, has a tranche size of at least the Dollar Equivalent of $250,000,000 and (b) is rated (or will be rated) by S&P or Xxxxx’x (or the related Obligor for such Collateral Loan is rated by S&P or Xxxxx’x) as of the Trade Date of such Collateral Loan.
Sample 1
Class 1 Loan means any Collateral Loan that (a) has an original tranche size of at least the Dollar Equivalent of $250,000,000 and (b) is rated by S&P and/or Moody’s (or the related Obligor for such Collateral Loan is rated by S&P and/or Moody’s) as of the date the Borrower acquires such Collateral Loan.
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Class 1 Loan means any Collateral Loan (a) that, as of the Trade Date of such Collateral Loan, has a tranche size of at least the Dollar Equivalent of $400,000,000 and (b) the relevant Obligor of which has EBITDA of at least the Dollar Equivalent of $100,000,000 as calculated in accordance with the Related Documents as of the Trade Date of such Collateral Loan.
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Examples of Class 1 Loan in a sentence

  • Subject only to the modified terms contained in this Plan, all terms and conditions of the existing Class 1 Loan Documents shall remain in full force and effect.

  • Class 1 Loan Agreement: That certain Loan Agreement (Fixed Rate Loan), dated as of4 March 12, 2007, by and between Ohana Group, LLC, as borrower, and Capmark Bank, as lender.

  • Agreement, the Deed of Trust, the Assignment of Leases and Rents, and all other documents evidencing the Loan are collectively referred to as the “ Class 1 Loan Documents”).1 In November 2007, Capmark assigned its interests in the Loan and Class 1 Loan Documents to Wells Fargo, N.A., as trustee for the registered Holders of Credit Suisse First Boston Mortgage2 Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-C5 (the "Lender").

  • Except where modified by the terms of the Plan, the provisions of Article 9 of the Class 1 Loan Agreement shall apply on and after the Effective Date, and any prohibitions under17 the Class 1 Loan Documents against the recording of consensual junior encumbrances against the Project shall be null, void and of no further force and effect.182.

  • Except as otherwise provided in the Plan, on and after the Effective Date, each item of property of the Debtor,15 including all claims, rights and causes of action and any property acquired by the Debtor shall vest in the Reorganized Debtor free and clear of all Claims, liens, charges, other encumbrances and interests16 except liens, charges and other encumbrances which the Debtor is required to grant or continue pursuant to Article IV of the Plan including, without limitation, the Class 1 Loan Documents.

  • Bylaws In-Office Use OnlyDate Received:Lender:Loan Type: Term / LOCLoan Purpose:Loan Class 1: Loan Class 2:Corporate Borrowing Resolution I, the undersigned Secretary or Assistant Secretary of , (the “Corporation”), HEREBY CERTIFY that the Corporation is organized and existing under and by virtue of the laws of the State of Minnesota as a Nonprofit Corporation, with its principal office at , and is duly authorized to transact business in the State of Minnesota.

  • On the Effective Date, all defaults under the Class 1 Loan Documents that existed or were15 alleged to exist prior to or as of the Effective Date, whether known or unknown, shall be deemed cured, satisfied and of no further force or effect pursuant to and in connection with the entry of the16 order of Confirmation.

  • Class 1 Loan Documents: All documents evidencing, perfecting or securing the Class 1 Claim, including all amendments, renewals and replacements thereof.615.

  • All library areas, including checking areas, book stacks and reading/teaching spaces, should be accessible to ageing staff and persons with varying disabilities.

  • Except where modified by the terms of the Plan, the provisions of Article 9 of the Class 1 Loan Agreement shall apply on and after the Effective Date, and any prohibitions under19 the Class 1 Loan Documents against the recording of consensual junior encumbrances against the Project shall be null, void and of no further force and effect.202.


More Definitions of Class 1 Loan

Class 1 Loan means any Collateral Loan that (1) as of the Trade Date of such Collateral Loan, has a tranche size of not less than $250,000,000 or such lesser tranche size as otherwise agreed by the Administrative Agent in its sole discretion at the time such Collateral Loan is added to the Approved List, (2) other than with respect to clause (b) thereof, satisfies the definition of Broadly Syndicated Loan, and (3) is rated (or no later than the settlement date of such Collateral Loan, will be rated) by S&P or Moody’s (or the related Obligor is rated by S&P or Moody’s).
Sample 1Sample 2
Class 1 Loan means any Collateral Loan that (1) as of the Trade Date of such Collateral Loan, has a tranche size of not less than $250,000,000 or such lesser tranche size as otherwise agreed by the Administrative Agent in its sole discretion at the time such Collateral Loan is added to the Approved List, (2) other than with respect to clause (b) thereof, satisfies the definition of Broadly Syndicated Loan, and (3) is rated (or no later than the settlement date of such Collateral Loan, will be rated) by S&P or Xxxxx’x (or the related Obligor is rated by S&P or Xxxxx’x).
Sample 1

Related to Class 1 Loan

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Tranche A Note means a promissory note substantially in the form of Exhibit A-1 made by the Borrower in favor of a Lender evidencing Tranche A Loans made by such Lender, to the extent requested by such Lender pursuant to Section 2.08(e).

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term Loan as defined in Section 2.1.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.