First Loan definition

First Loan means the HUD-insured loan in the original principal amount of $__________, made by First Lender to Borrower, secured by the Healthcare Facility, as such Loan may be amended, increased or decreased.

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First Loan means the principal amount borrowed by the Borrowers from the First Banks under the First Loan Agreement or (as the context may require) the amount thereof at any time outstanding;

First Loan has the meaning set forth in Section 2.3 of the Loan Agreement.

Examples of First Loan in a sentence

• The Proponent hereby assigns to the City and its successors and assigns, the right to possess and use the Plans and Specifications and the Proponent’s rights under all construction contracts, for the purpose of completing the Improvements if Proponent defaults subject to any prior assignment to the holder of the First Loan.

• Among other indebtedness and obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to a loan arrangement dated as of January 29, 2007, evidenced by, among other documents, a certain Loan and Security Agreement dated as of January 29, 2007, between Borrower and Bank, as amended by that certain First Loan Modification Agreement dated as of November 30, 2007 and that certain Second Loan Modification Agreement dated as of July 30, 2008 (as amended, the “Loan Agreement”).

• Among other indebtedness and obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to a loan arrangement dated as of January 29, 2007, evidenced by, among other documents, a certain Loan and Security Agreement dated as of January 29, 2007, between Borrower and Bank, as amended by that certain First Loan Modification Agreement dated as of November 30, 2007 (as amended, the “Loan Agreement”).

• The terms of clause 20 of the Agreement shall be incorporated into this First Loan Agreement.

• The terms of clause 22 of the Agreement shall be incorporated into this First Loan Agreement.

More Definitions of First Loan

First Loan shall have the meaning set forth in Section 2.1 hereof.

First Loan means the first Loan made to the Borrower under the Facility.

First Loan means the HUD-insured loan in the original principal amount of

First Loan means the amount of R125 106 116 (one hundred and twenty five million and one hundred and six thousand and one hundred and sixteen Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which entire amount has been drawn down by the Borrower and is still outstanding;

First Loan means the loan by an Institutional Lender to the

First Loan means the first Loan borrowed hereunder; provided that the First Loan will be deemed to have extended on the Initial Credit Date at a principal amount of zero if no amounts have been borrowed hereunder at such time.

First Loan a loan in the principal amount of HK$10,000,000 granted by the Lender to the First Borrower under the First Loan Agreement