Firm Loan definition

Firm Loan any Loan which has been designated by KECS pursuant to Section 2.02 or Section 2.04 (or redesignated pursuant to Section 7 of the KECS Security Agreement) as a “Firm Loan”.

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Firm Loan means any Margin Loan that has been designated by the Borrower in the Notice of Borrowing as a “Firm Loan”.

Firm Loan means any Revolving A Loan or Revolving A Swing Loan which has been designated by the Borrower in the Notice of Borrowing as a “Firm Loan”.

Examples of Firm Loan in a sentence

• In the event that Purchaser has not received the Firm Loan Commitment on or before Closing Date, then Purchaser shall have the right to extend the Closing Date for a period of forty-five (45) days upon written notice to Seller delivered prior to the Closing Date.

• Purchaser shall diligently pursue the Firm Loan Commitment and agrees provide Seller with updates on the status of the Firm Loan Commitment upon Seller’s request.

• Section 10(a)(iii) of the Agreement is hereby deleted in its entirety and the following substituted in lieu thereof: “Purchaser’s obligation to proceed with this transaction is contingent upon Purchaser’s receipt of a final, approved and firm commitment for a loan to be used by Purchaser for the acquisition of the Property (the “Firm Loan Commitment”) from a lending institution of Purchaser’s choosing, which Firm Loan Commitment shall be acceptable to Purchaser in its sole discretion.

• Each Secured Swingline Loan made to EDJ shall be either a Customer Loan or a Firm Loan, as designated by EDJ pursuant to clause (b) below.

• Each Secured Uncommitted Swingline Loan made to EDJ shall be either a Customer Loan or a Firm Loan, as designated by EDJ pursuant to clause (b) below.

More Definitions of Firm Loan

Firm Loan means, at any date, any Loan which has been designated by EDJ in writing pursuant to Section 2.03 or Section 2.05(b), as the case may be, as a “Firm Loan”. Notwithstanding anything herein to the contrary, a Loan may not be designated as a Firm Loan to the extent that such designation would cause EDJ to violate any law, rule or regulation applicable to it.

Firm Loan means any Broker Loan that has been designated by the Borrower in the Notice of Borrowing as a “Firm Loan”.

Firm Loan means, at any date, any Loan which has been designated pursuant to Section 2.03 or Section 2.05(b) (or redesignated pursuant to Section 6 of the Security Agreement), as the case may be, by the Borrower as a “Firm Loan”.