Authorized Loan definition
Examples of Authorized Loan in a sentence
The parties acknowledge that the interest rate applicable under the UBS Loan (or other Authorized Loan) shall affect the amount of Base Rent payable by Tenant hereunder.
Lender shall accept emails that appear to be initiated from Authorized Loan Administrators.
Landlord shall promptly pay over to UBS or the holder of an Authorized Loan, as the case may be, any award (not exceeding, however, the Senior Funded Amount) paid to Landlord hereunder, and Tenant shall be entitled to establish reasonable security arrangements to ensure the prompt payment of such amounts to such holder.
LIBOR Rate" shall mean the LIBOR interest rate as defined in that certain Schedule I, Additional Terms and Conditions of Credit Arrangement between SGA and UBS dated May 1, 1995, relating to the UBS Loan ("Schedule I"), or as defined in a subsequent Authorized Loan.
Default Rate" shall mean the interest rate charged or chargeable pursuant to the UBS Note or other Authorized Loan on any amounts not paid when due.
Landlord shall not, without Tenant's express prior written consent, default under any Authorized Loan, or any loan documents relating to such Authorized Loan, where such default is not caused, directly or indirectly by a breach of any of Tenant's obligations under this Lease, under the Pledge Agreement securing the UBS Loan or under any documents relating to any Authorized Loan.
Tenant shall have the right, by written notice to UBS (or the holder of any Authorized Loan), SGA and Landlord, to designate the interest period to be selected from time to time by SGA pursuant to the terms of the UBS Note (or other Authorized Loan).
Tenant shall have the right, by written notice to UBS (or the holder of any Authorized Loan), SGA and Landlord, to designate the interest period to be selected from time to time by SGA pursuant to Schedule I (or other Authorized Loan).
Tenant shall be entitled to a credit against the Purchase Price equal to the principal balance(s) of any Authorized Loan and/or Fee Mortgage existing immediately prior to the closing under this Purchase Option if such Authorized Loan and/or Fee Mortgage are not fully repaid and all documents reflecting the same are not cancelled and removed from the public records on or prior to the closing under this Purchase Option.
All provisions of this Lease shall remain in full force and effect for the Extension Term, including, without limitation, the Base Rent payable hereunder, except that Tenant shall have no further right to extend the Term of this Lease, and except that the Lease Rate may be adjusted only to reflect any actual change in the rate of interest (that is, the spread over LIBOR) charged pursuant to the Authorized Loan.