B Loan definition

B Loan means the B Percentage of Fundings made pursuant to the Loan Agreement and the Master Agreement.

B Loan means the B Percentage of Loans made by a Lender pursuant to the Loan Agreement and the Master Agreement.

B Loan means the loan specified in Section 2.01(b) (The Loan) or, as the context requires, its principal amount from time to time outstanding;

Examples of B Loan in a sentence

• The Tranche B Commitment of each Tranche B Lender shall be reduced to zero upon the funding of the Tranche B Loan on the Effective Date.

• The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders of the same Class comprising such Borrowing, and the Tranche A Loans, Tranche B Loan and Tranche C Loan, as the case may be, comprising each such Type shall be considered a separate Borrowing.

• To request the Borrowing of the Tranche B Loan, the Borrower shall notify the Administrative Agent of such request by telephone (x) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing and (y) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time on the date of the proposed Borrowing.

• On the Closing Date (after giving effect to the funding of the Term B Loans to be made on such date), the Term B Loan Commitments of each Lender as of the Closing Date will terminate.

• All of the Obligations shall become due and payable as otherwise set forth herein, but in any event, all of the remaining Obligations shall become due and payable on the Term B Loan Maturity Date.

More Definitions of B Loan

B Loan the loan specified in Section 3.01(b) or, as the context requires, its principal amount from time to time outstanding;

B Loan means a loan made or to be made under the B Facility or the principal amount outstanding under the B Facility from time to time.

B Loan means, with respect to each A Loan, the other mortgage loan that (i) is not included in the Trust Fund, (ii) is subordinate in right of payment to such A Loan to the extent set forth in the related A/B Intercreditor Agreement and (iii) is secured by the same Mortgage on the same Mortgaged Property as such A Loan.

B Loan means, as to each B Lender, the outstanding principal amount of such B Lender’s loan under the Participation Agreement in the principal amount as of the Restructuring Date set forth under the heading “B Loans” opposite such B Lender’s name on Schedule 3 to the Participation Agreement, each of which is evidenced by an B Note. The aggregate principal amount of the B Loans on the Restructuring Date is $4,577,034.39.

B Loan means the maximum principal amount of the loan provided for in Section 3.01(2) or, as the context may require, the principal amount thereof from time to time outstanding.

B Loan means, with respect to any Property and any Lender, the amount equal to the principal of such Lender’s Loans related to such Property minus such Lender’s A Loans.

B Loan. Company", "Project Funds Agreement", "IFC", "IFC Investment Agreement", "Loan", "Participant" and "Sponsors" have the respective meanings already given to them; and