Bifurcation Loans definition
Bifurcation Loans means, collectively and/or individually, one (1) or more loans to the Borrower and/or the members of Borrower secured by the Property and/or liens on all membership interests in Borrower which shall result from a Bifurcation.
Examples of Bifurcation Loans in a sentence
The Bifurcation shall result in two (2) or more Bifurcation Loans which shall be secured by deed of trust liens on the Property and Borrower's other assets.
The respective interest rates payable under the Bifurcation Loans shall be as GSMC shall elect, provided that the average interest rate for both of such loans (weighted by the sum of the outstanding principal balances thereof) shall not exceed the interest rate on the Loan as specified in the Loan Agreement.