Existing Loan definition

Existing Loan means the loan identified on Exhibit H.

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Existing Loan shall have the meaning as set forth in Section 2.7.1.

Existing Loan shall have the meaning attributed to such term in the recitals to this Agreement.

Examples of Existing Loan in a sentence

Borrowers, Sole Member, Parent, Sponsor, Lenders and Administrative Agent have entered into that certain Amended and Restated Credit Agreement dated as of July 29, 2025, pursuant to which, among other things, Lenders made the New Loan to New Borrowers and Lenders continued the Existing Loan to Existing Borrowers (the “Credit Agreement”; the Credit Agreement, as amended by this Amendment , the “Amended Credit Agreement”).
As of the Restatement Closing Date, the outstanding principal amount of the Existing Loan and all accrued and unpaid interest thereon is as set forth in Section 2.01(a).
Without the prior written consent of Administrative Agent, make any demand for payment on the Sole Member Promissory Note relating to the proceeds of the Existing Loan while any of the Obligations are outstanding.
Each such notice shall specify (A) the Business Day on which such prepayment will be made and (B) if such prepayment is not made with respect to a Disposition or a New Project Refinancing, whether it is a prepayment of the Existing Loan or the New Loan, and (C) the aggregate unpaid principal balance of the applicable Loan to be prepaid.

More Definitions of Existing Loan

Existing Loan means a Loan (as defined in the Existing Credit Agreement).

Existing Loan means each mortgage or mezzanine loan secured by a Property listed on Appendix C to this Schedule II.

Existing Loan as defined in subsection 2.6(a).

Existing Loan means (i) each mortgage or mezzanine loan secured by a Target Asset listed on Appendix C to this Schedule II and (ii) all unsecured indebtedness of an American Assets Entity or of an entity in which an American Assets Entity has a direct or indirect interest that will be assumed, prepaid, repaid or refinanced in connection with the IPO and that is set forth on Appendix D to this Schedule II (all indebtedness falling within the scope of this clause (ii) shall be referred to as “Entity Specific Debt”); for the avoidance of doubt, no Intercompany Debt shall constitute an Existing Loan (in order to avoid double counting, as Intercompany Debt is adjusted for through the definition of “Allocated Share”). Existing Entity Specific Debt will be deemed to relate to the Target Asset(s) and, if to multiple Target Assets, in the proportions set forth opposite the name of such Entity Specific Debt on Appendix D to this Schedule II, and all such Entity Specific Debt will be deemed to have a Base Balance of zero (because “Equity Percentage” as determined by Duff & ▇▇▇▇▇▇, LLC was determined at the property level and did not take into account Entity Specific Debt, Entity Specific Debt is deemed to be zero in order to cause a readjustment of “Equity Value” of all Target Assets after taking into account such Entity Specific Debt).

Existing Loan means any of the loans made by the Servicer pursuant to the Existing Loan Facility Agreement as in effect from time to time.

Existing Loan means any “Loan” under and as defined in the Existing 364-Day Credit Agreement.

Existing Loan has the meaning specified in Section 1.10(b).