Call Loan definition
Examples of Call Loan in a sentence
The Depositor shall be required to remove or repurchase any Loan which has become a Call Loan within thirty (30) days of the date such Loan became a Call Loan.
If a Borrowing Base Deficiency exists at the time such Loan has become a Call Loan, the Depositor shall effect such repurchase by deposit of the Repurchase Price therefor into the Collection Account.
In the case of any Clean-up Call Loan, Borrower shall deliver to Lender a copy of the related Notice of Clean-up Call, together with a notice to Lender of Borrower's intent to deliver a Notice of Warehouse Borrowing with respect to such Clean-up Call Loan, no later than the Business Day immediately following the date on which such Notice of Clean-up Call shall have been delivered to the indenture trustee in the related securitization.
Finally, to the Members in accordance with their respective Percentage Interests; PROVIDED, HOWEVER, that at any time when there is a Subsequent Capital Loan, Capital Call Loan, Pier Loan or Guaranty Loan outstanding, * of all distributions and Proturo Fees to be paid to Proturo shall be applied toward principal and interest outstanding on the loan or loans.
Each Member shall appoint two members of the Management Committee (the "Directors"), except that at any time when a Charter Loan, Pier Loan, Subsequent Capital Loan, Capital Call Loan or Guaranty Loan is outstanding, only one Director appointed by Proturo shall be entitled to exercise voting rights in connection with any matter requiring a vote by the Management Committee in the exercise of its authority as quoted and designated herein.
A Member Loan shall not exceed in interest or priority any unpaid Call Loan.
In addition, in the event Member Bluegreen makes the Call Loan, then the principal amount of such loan and all interest thereon shall be repaid in its entirety to Member Bluegreen by Member BCLLC from BCLLC's first Distributions from the Company.
Without limiting the generality of the foregoing, (i) Humko shall be entitled to the Conversion referred to in Section 4.5(d) immediately upon failure of InCon to pay all or any portion of such amounts notwithstanding anything to the contrary contained in Section 4.5(d), and (ii) all of the terms and provisions of Section 4.5(b)(v) shall be applicable to the portion of the foregoing amounts that remain unpaid in the same manner as if such amounts constituted a Cash Call Loan.
The Agent hereby revocably authorizes the Collection Account Bank to make payments and disbursements from any amounts on deposit in the Clean-up Call Disbursement Account in connection with a proposed Clean-up Call Loan in accordance with the provisions of and subject to the conditions specified in this Agreement and the Lender Clean-up Call Disbursement Notice with respect thereto.
Curing an Event of Default by Investor Capital Call; Loan Limits to Liability 90 10.04.