Bank Loan definition

Bank Loan means a debt obligation customarily referred to as a “bank loan” other than a security (as defined in the Securities Act) and other than any participation or sub-participation in a debt obligation.

Bank Loan has the meaning specified in Annex C.

Bank Loan has the meaning set forth in Section 1(d)(i).

Examples of Bank Loan in a sentence

• The Bank shall not otherwise be required to determine whether the applicable conditions precedent set forth in Article 11 have been satisfied or the requested Borrowing would exceed the Combined Availability on the Funding Date applicable thereto prior to making, in its sole discretion, any Bank Loan.

• The Agent shall not request the Bank to make any Bank Loan if the Agent shall have received written notice from any Lender that one or more of the applicable conditions precedent set forth in Article 11 will not be satisfied on the requested Funding Date for the applicable Borrowing.

• Each Bank Loan is a Revolving Loan hereunder and shall be subject to all the terms and conditions applicable to other Revolving Loans except that all payments thereon shall be payable to the Bank solely for its own account (and for the account of the holder of any participation interest with respect to such Revolving Loan).

More Definitions of Bank Loan

Bank Loan has the meaning assigned to such term in Section 5.13.

Bank Loan means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) that are generally provided under a syndicated loan or credit facility or pursuant to any loan agreement or other similar credit facility, whether or not syndicated.

Bank Loan means the amount of each Drawing which has been converted into a term loan in accordance with the provisions of Section 2.8(a) hereof.

Bank Loan means any loan made by a bank or other financial institution to an obligor. A participation in any loan will not be a Bank Loan; provided that Participation Interests in loans under the Sale Agreement will be Bank Loans to the same extent as the underlying loan.

Bank Loan means that Loan Advance and Security Agreement between Bank, the Debtors, Pace Development, and Pace Food executed March 27, 2020.

Bank Loan means each term loan made by the Bank to the City pursuant to Section 2.01(c) hereof on a Conversion Date.

Bank Loan means a loan made by a bank by way of fluctuating overdraft or otherwise;