Formation Loans definition

Formation Loans means collectively the First and Second Formation Loan.
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Formation Loans means one or more advances/loans to Redwood Mortgage Corp. in connection with an Offering the proceeds of which Redwood Mortgage Corp. will use solely to pay Sales Commissions in connection with the Units sold in such Offering and all premiums payable in connection with any unsolicited sales of Units in such Offering (excluding Units issued under the Distribution Reinvestment Plan).
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Formation Loans means collectively the First, Second, Third, Fourth, Fifth and Sixth Formation Loans.
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Related to Formation Loans

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

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

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • 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.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

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

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • 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.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

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

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.