Second Loan definition

Second Loan means the amount of R40 000 000 (forty million Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which entire amount has been drawn down by the Borrower and is still outstanding;
Sample 1Sample 2
Second Loan shall have the meaning given these capitalized terms in the Loan Agreement.
Sample 1Sample 2
Second Loan means the loan of $2,250,000.00 from the Bank to the Borrower.
Sample 1

Examples of Second Loan in a sentence

  • If the Second Loan does not become payable prior to the Second Loan Maturity Date, the Second Note shall be completely forgiven and the Second Deed of Trust shall be released thereafter.

  • Commencing on the first full calendar month during the Forgiveness Period and continuing on each full calendar month thereafter until the Second Loan Maturity Date, the Second Note will be reduced each month based on the Forgiveness Calculation set forth on the first page.

  • On July 3, 2014, the Company entered into a Second Loan Amendment with Citibank which provided for the existing loan granted to the Company by Citibank to be increased by CAD$30 million to CAD$68.8 million.

  • Planning funding shall be used only to finance planning, studies, and preliminary engineering costs for an eligible project.

  • Upon acceleration of the First Loan or Second Loan for any reason6.


More Definitions of Second Loan

Second Loan shall have the meaning set forth in Section 2.1 hereof.
Sample 1
Second Loan means a subordinate mortgage loan originated by the Agency, through a Lender acting as agent for the Agency for the purposes of funding the loan, under the Program. Also referred to in the Program Guidelines as the “2nd mortgage”
Sample 1
Second Loan the loan with principal amount of HK$3,968,000 granted by the Lender to the Borrower pursuant to the Second Loan Agreement
Sample 1
Second Loan means the second deed of trust loan to be held by the State of California Housing and Community Development Department (HCD) (“Multifamily Housing Program”) in the approximate original principal amount of approximately $2,362,046.
Sample 1
Second Loan the mortgage loan in the principal amount of HK$5,600,000 granted by Legend Credit to Borrowers B pursuant to the Mortgage Loan Agreement B “Second Mortgage” the mortgage to be created by Xxxxxxxxx X in favour of Legend Credit over the property to secure the obligations of Borrowers B under the Mortgage Loan Agreement B
Sample 1
Second Loan means the loan facility in the principal amount of $21.0 million made available to the Corporation pursuant to the Second Loan Agreement;
Sample 1
Second Loan the amount drawn down by the Lender pursuant to the terms and conditions of the Second Loan Agreement.
Sample 1