Adjusted Loan Amount definition

Adjusted Loan Amount means the lesser of (a) 75% of the Appraised Value the real estate and improvements described in the Mortgages (excluding the Lakes Mall Mortgage), plus 67.5% of the value of the real estate and improvements described in the Lakes Mall Mortgage; or (c) the Permanent Loan Estimate of all Collateral Properties; or (c) $100,000,000.00.
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Adjusted Loan Amount means the total outstanding Nominal Amount of MTNs relating to a particular Loan less MTNs owned by a Group Company, irrespective of whether such Group Company is registered by name as the holder of such MTNs.
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Adjusted Loan Amount means, with respect to a specific Loan, the Total Nominal Amount of outstanding Notes excluding Notes held by the Issuer and any other member of the Group, irrespective of whether such person is directly registered as owner of such Notes;
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Examples of Adjusted Loan Amount in a sentence

  • At any time when a Term Loan is outstanding, as part of the semi-annual audit pursuant to Section 5.8, the auditor will calculate the Borrowing Base using the Adjusted Loan Amount instead of the Loan Amount for each Eligible Lease.

  • If the aggregate principal outstanding under Term Loans shall exceed the Maximum Availability calculated using the Adjusted Loan Amount, Borrower shall within two (2) Business Days repay the full amount of such excess over the Maximum Availability, together with all interest accrued thereon, or pledge additional Eligible Leases to FNBB as Collateral so as to increase the Borrowing Base and eliminate the overadvance.

  • This Loan Agreement is currently being amended to: (a) change the Net Worth covenant; (b) change the Adjusted Loan Amount definition (c) extend the maturity date of the Loan to June 1, 2005; (d) to cause the release of certain collateral; and (e) to cause the acquisition of certain additional collateral (The Lakes Mall in Michigan and the Towne Mall in Ohio).

  • In the event that there is any Pledged Cash standing to the credit of the Deposit Account pursuant to Clause 8.8 of the Loan Agreement, and for the purposes of the calculation of the financial covenants only the financial covenants shall be calculated on the assumption that the Loan is reduced by the Adjusted Loan Amount.

  • The Adjusted Loan Amount for the Individual Property to which such rejection damages were paid shall be reduced in an amount equal to the amount applied to the Debt pursuant to the foregoing clause (2) of this Section 5.1.23(c)(iii).


More Definitions of Adjusted Loan Amount

Adjusted Loan Amount means 100% of the combined Net Operating Income from the properties described in the CBL Mortgage (except the CBL Mortgage on The Lakes Mall which shall be included at 90% of the Net Operating Income) as of each July 1, January 1, April 1 and October 1, as the case may be, based upon the then immediately preceding twelve (12) month period, divided by 1.25 with the resulting figure being further divided by the applicable mortgage constant of .1042.
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Adjusted Loan Amount means the combined Net Operating Income from the properties described in the CBL Mortgage as of each July 1, January 1, April 1 and October 1, as the case may be, based upon the then immediately preceding twelve (12) month period, divided by 1.25 with the resulting figure being further divided by the applicable mortgage constant of .1159.
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Adjusted Loan Amount means, with respect to a specific Loan, the Loan Amount less the amount of all Notes owned by the Issuer, another Group Company or EQT VII, whether the Issuer, that Group Company or EQT VII is directly registered as owner of such Notes or not.
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Adjusted Loan Amount means the Loan Amount less the amount of all MTN owned by the Company or another Group Company, whether the Company or that Group Company is directly registered as owner of such MTN or not.
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Adjusted Loan Amount means, at any time of determination:
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Adjusted Loan Amount means the lesser of (a) an eighty-five percent (85%) loan-to-value ratio of the Mortgaged Properties, such loan-to-value ratio to be calculated based upon the appraised values given to the Mortgaged Properties in current appraisals complying with the Bank's standard appraisal requirements, or (b) the combined Net Operating Income from the Mortgaged Properties as of each July 1, January 1, April 1 and October 1, as the case may be, based upon the then immediately preceding twelve (12) month period, divided by 1.15 with the resulting figure being further divided by the applicable mortgage constant of 8.81 (as such mortgage constant may be adjusted from time to time in Bank's reasonable judgment based upon Bank's then current permanent loan underwriting criteria for comparable projects), or (c) Twenty Million Dollars ($20,000,000).
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Adjusted Loan Amount set forth in SECTION 1.01 of the Loan Agreement and the provisions of SECTION 2.04(B) of the Loan Agreement are hereby deleted in their entirety. From and after the date hereof, all references in the Loan Agreement to the "Adjusted Loan Amount" are hereby amended to refer to the "Allocated Loan Amount". For purposes of clarification, the parties hereto acknowledge and agree that SCHEDULE 3 attached hereto sets forth the current "Allocated Loan Amounts" for each of the Projects.
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