1992 Loan definition

1992 Loan the loan in the original principal amount of $1,000,000 made by Lender's predecessor, Greyhound Real Estate Finance Company, an Arizona corporation to Borrower pursuant to a Loan And Security Agreement dated January 7, 1992.

Examples of 1992 Loan in a sentence

• However, since the late seventies the Bank has financially committed to Yacyretá through five loans—Loan 1761-AR approved in 1979; Loan 2998-AR approved in 1989; Loan 3520-AR approved in 1992; Loan 2854- AR approved in 1987 and reallocated to Yacyretá in 1994; and Loan 3842-PA.

• This definition does not insure that the post-policy Advances are actually secured by the Insured Mortgage, because the policy contains a post-policy exclusion and because the definition states that it means “obligations secured by the Insured Mortgage….” Because of this definition and because the pro-tanto reduction in liability clause of the 1992 Loan Policy does not appear in the 2006 Loan Policy, there is no longer any need for a Last Dollar Endorsement.

• There are two arbitration clauses at issue here; some putative class members have claims under the 1987 Owner’s Policy while others have claims under the 1992 Loan Policy.

• Since the two projects were to be implemented using the sector lending approach, the subprojects were prepared by EGAT on the basis of specific criteria agreed to by EGAT and1 Loan 1170-THA: Third Power Transmission (Sector) Project, for $94.25 million, approved on 16 July 1992; Loan 1245-THA: Fourth Power Transmission (Sector) Project, for $115.6 million, approved on 19 August 1993.

• The former insurance in the 1970 and 1992 Loan Policies against priority of another lien meant that equality of priority of an adverse lien or encumbrance was not insured against in either the 1970 Policy or the 1992 Policy.

• Neither the Covered Risk provisions nor the 2006 Policy Creditors’ Rights Exclusions (Exclusion 6 of the 2006 Loan Policy and Exclusion 4 of the 2006 Owner’s Policy) refer to equitable subordination, unlike the 1992 Loan Policy Exclusion.

• This same clarification is made to the mechanic’s lien coverage in the 2006 Policy: the 1970 Loan Policy insured against mechanic’s liens that gain priority over the lien of the insured mortgage, and did not insure priority of the lien of the insured mortgage; in contrast, the 2006 Loan Policy and the 1992 Loan Policy insure priority of the lien of the Insured Mortgage over mechanic’s liens.

• The 2006 Loan Policy provides precise priority coverage by insuring in Covered Risk 10 against “lack of priority” of the lien of the Insured Mortgage” as opposed to “priority” of any lien or encumbrance (as appeared ininsuring provision 6 of the 1970 Loan Policy and in insuring provision 6 of the 1992 Loan Policy).

• On the other hand, Hungary (during the 1992 Loan Consolidation Program), Bulgaria , Estonia , Czech Republic and Kazakhstan (for debts to small and medium enterprises), Georgia (which created a pilot work-out unit) and Ukraine (which set up work-out units in three large state banks) did not follow this comprehensive approach.

• See, e.g., AMERICAN LAND TITLE Associatio n, POLICY Forms HAND 1300K 1992 LoanPolicy, § 11-1, at I 4 (b) (1994) [hereinafter 1992 Loan Policy].