ASF Loan definition

ASF Loan means the loan in the Loan Amount from Borrower to ASF, the repayment obligations in connection with which are evidenced by the ASF Note.
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Examples of ASF Loan in a sentence

  • ASF agrees to accept and hold such Exchange Shares as collateral to secure repayment of such Financed Member's ASF Loan in substitution for such Financed Member's Pledged Interests.

  • Such Member owns such Member's Membership Interest free and clear of all liens, claims, options, charges, pledges and encumbrances ("Liens"), except (as to each Financed Member) for the pledge of such Financed Member's Membership Interest as collateral for such Member's ASF Loan (the "ASF Lien").

  • Each Financed Member acknowledges that such Financed Member will be able to resell such Financed Member's Exchange Shares to the public only if the Exchange Shares are registered pursuant to a registration statement or if the sale is one year after the earlier of (A) the date such Financed Member's ASF Loan is repaid or (B) the date collateral other than such Financed Member's Exchange Shares is pledged to secure such Financed Member's ASF Loan.

  • Borrower shall not release any collateral or cancel any guaranty securing the ASF Loan or the Subordinated Loan.

  • Borrower shall not allow or permit any changes or modifications to be made to the ASF Loan Documents or the Subordinated Loan Documents without first obtaining in each instance the prior written consent of the Lender, nor shall Borrower enter into any additional or supplemental documents relating to or affecting in any manner the ASF Loan or the Subordinated Loan without first obtaining Lender's prior written consent.

  • Lender has agreed to make the loan to Borrower for the sole purpose of the Borrower re-lending same to ASF on the terms and conditions set forth in this Agreement and in the other documents, including without limitation those documents between Borrower and ASF evidencing and securing the second loan (the "ASF Loan").

Related to ASF Loan

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • 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”.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • 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;