Basic Loan definition

Basic Loan shall have the meaning ascribed to in section 1.6.
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Basic Loan means a Bridge Loan, Revolving Credit Loan or Facility A Loan.
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Examples of Basic Loan in a sentence

  • Except as may otherwise be provided in any Loan Schedule, Basic Loan Payment shall begin to accrue on the Commencement Date and shall be due and payable by Borrower on the first day of each period (advance) or the last day (arrears) of each period, as set forth in the applicable Loan Schedule.

  • In addition to the Basic Loan Payment Borrower shall pay Daily Loan Payment due as indicated in this Loan Agreement, or on any Loan Schedule, or any Rider hereto or thereto.

  • The purchase price will be equal to the Basic Loan Balance as of the date of the closing of the purchase and sale transaction.

  • The Basic Loan Payment payable hereunder during the Basic Loan Term is as set forth in the Loan Schedule.

  • If Holder elects to buy the Elected Property subject to the Lien that was the subject of the Lien Enforcement Notice, Holder will receive a credit against the purchase price for the Basic Loan Balance as of the date that Escrow closes.

  • The Basic Loan Terms and all exhibits and schedules referred to herein are incorporated herein by reference as though set forth herein in full.

  • All notices and other communications provided for hereunder shall be in writing (including fax communication and any other method of communication authorized by the Lender) and mailed, faxed, or otherwise sent or delivered as described in the Basic Loan Terms.

  • Except as otherwise expressly provided in the Credit Documents, Shareholder Support shall be provided by the Parties severally, and not jointly, shall be proportionate to their respective Basic Share Proportion and Basic Loan Proportion at the time of provision of any such Shareholder Support, and shall be upon such terms and conditions as approved by a General Meeting of Shareholders.

  • Upon approval by the General Meeting of Shareholders, the additional Subordinated Shareholder Loans shall (unless otherwise agreed by each of the Shareholders) be lent by each of the Parties in its Basic Loan Proportion.

  • Any overdue Basic Loan Payment shall bear interest from the related Bond Payment Date until paid at the Post-Default Rate ford overdue Debt Service payments.

Related to Basic Loan

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

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

  • Initial Loan is defined in Section 2.1.

  • 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”.