Existing Secured Loans definition

Existing Secured Loans means the existing loans: (i) to the Company from Wellx Xxxgo Bank, National Association and Davix X. Xxxxxxx xxxch are secured by Deeds of Trust dated March 30, 1998 and recorded in the Official Records of Washoe County as Documents No. 2194306 and 2194311, respectively; and (ii) from Wellx Xxxgo Bank, National Association to Shareholder which is secured by a Deed of Trust dated January 12, 1999 and recorded in the Official Records of Washoe County in Book 5545 at Page 716 as Document No. 2298895.
Existing Secured Loans means the existing long-term liabilities of PGE including without limitation:
Existing Secured Loans means the existing loans to: (i) Nevada State Bank which is secured by a Deed of Trust dated and recorded in the Official Records of Lyon County, Nevada, in Book , at Page , as Document No. , and (ii) Nevada State Bank which is secured by a Deed of Trust dated and recorded in the Official Records of Lyon County, Nevada, in Book at Page as Document No. . The parties agree that the recording information may be inserted during the Due Diligence Period and upon receipt of the Title Report.

Examples of Existing Secured Loans in a sentence

  • As part of the Closing, PGE shall discharge all Existing Secured Loans and other secured debt not specifically assumed or waived by Last Chance and shall cause all liens, security interests and encumbrances securing any indebtedness of PGE including, without limitation, the lien of any existing deeds of trust and equipment leases, purchases or Participation Agreements to be released.

  • On or before the Closing Date, Sellers shall discharge all Existing Secured Loans, other than the Buyer Assumed Liabilities, and discharge of record, or cause to be discharged of record, all liens and encumbrances on the Purchased Assets, Casino Facilities, Sports Bar Facilities and or the Property, other than those securing the Buyer Assumed Liabilities.

  • As part of the Closing, Company and Shareholder shall be obligated to discharge the Existing Secured Loans and to cause all liens and security interests securing any indebtedness of Sellers including, without limitation, the lien of any existing deeds of trust and equipment leases to be released.

Related to Existing Secured Loans

  • Existing Security Documents shall have the meaning assigned to such term in the recitals hereto.

  • Existing Security means any Security granted by any Person over its Assets in respect of any Relevant Indebtedness and which is existing at the relevant Issue Date or at the time any such Person becomes a Material Subsidiary or whose business and/or activities, in whole or in part, are assumed by or vested in the Issuer or a Material Subsidiary after the relevant Issue Date (other than any Security created in contemplation thereof) or any substitute Security created over those Assets (or any part thereof) in connection with the refinancing of the Relevant Indebtedness secured on those Assets provided that the principal, nominal or capital amount secured on any such Security may not be increased;

  • Existing Security Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Existing Secured Notes means the 5.750% Senior Secured Notes due 2021 issued by the Issuer and the Existing Secured Notes Issuer.

  • Secured Loan has the meaning specified in Section 2(e) hereof.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Existing Securities means, collectively, the Equity Securities and the Debt Securities.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Non-Performing Second Lien Bank Loans means Second Lien Bank Loans other than Performing Second Lien Bank Loans.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Permitted Loans means:

  • Performing Second Lien Bank Loans means Second Lien Bank Loans which are Performing.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Senior Secured Loan Any assignment of or Participation Interest in a Loan that: (a) is not (and cannot by its terms become) subordinate in right of payment to any other obligation of the obligor of the Loan (other than with respect to trade claims, capitalized leases or similar obligations); (b) is secured by a valid first-priority perfected security interest or lien in, to or on specified collateral securing the obligor’s obligations under the Loan (subject to customary exceptions for permitted liens, including, without limitation, tax liens); (c) the value of the collateral securing the Loan at the time of purchase together with other attributes of the obligor (including, without limitation, its general financial condition, ability to generate cash flow available for debt service and other demands for that cash flow) is adequate (in the commercially reasonable judgment of the Collateral Manager) to repay the Loan in accordance with its terms and to repay all other Loans of equal seniority secured by a first lien or security interest in the same collateral; and (d) is not secured solely or primarily by common stock or other equity interests; provided that if such Loan is made to a parent entity that is secured solely or primarily by the stock of one or more of the subsidiaries of such parent entity to the extent that the granting by any such subsidiary of a lien on its own property would violate law or regulations applicable to such subsidiary (whether the obligation secured is such Loan or any other similar type of indebtedness owing to third parties), then the limitation set forth in this clause (d) shall not apply with respect to such Loan.

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Existing Loan means the loan identified on Exhibit H.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).