Franchise Loan definition

Franchise Loan means a commercial loan, as defined inSection 22502, made by a franchisor to a current or prospective franchisee or subfranchisor or a commercial loan by a subfranchisor to a current or prospective franchisee for the acquisition, construction, operation, development, equipping, expansion, contraction, consolidation, merger, recapitalization, reorganization, or termination of a franchised business provided that the following conditions are satisfied:
Sample 1
Franchise Loan means a performing restaurant franchise loan relating to one or more Franchise Units which are originated by an Affiliate of the Borrower and purchased by the Borrower with the intention to securitize them in an asset-backed securities offering, and which Franchise Loan includes, without limitation (i) a Promissory Note and related Mortgage and/or Franchise Loan Security Agreement and (ii) all right, title and interest of the Borrower in and to the Secured Property covered by such Mortgage and/or Franchise Loan Security Agreement. The Obligor of such Franchise Loan may be the Franchisor.
Sample 1
Franchise Loan means a loan (or similar financing arrangement) marketed and made available for the purpose of providing overall financing or refinancing for a franchised business operation (including financing for furniture, fixtures and equipment, remodeling and real estate acquisition); provided, however, that a loan (or similar financing arrangement) provided by a Person to a franchise business operation shall not be deemed to be a Franchise Loan if such loan (or similar financing arrangement) is made to finance only a portion of the operation's business or assets (e.g., leased or acquired real estate or equipment), or if such loan (or similar financing arrangement) is made as part of a financing business not directed specifically toward financing a franchise business operation.
Sample 1

Examples of Franchise Loan in a sentence

  • The Notes shall be designated as the Issuer's Franchise Loan Backed Notes, Series 1998-1.

  • One of the loans Fifth Third seeks to enforce is Franchise Loan 5738 (“Loan 5738”), dated November 15, 2006, made to Defendant WLM Management, Inc.

  • No later than the date hereof, the Servicer, for the benefit of the Noteholders, shall cause to be established and maintained with LaSalle National Bank one or more Distribution Accounts (collectively, the "Distribution Account"), which shall be separate Eligible Accounts and may be interest bearing, entitled "Distribution Account, LaSalle National Bank, as Indenture Trustee, in trust for the FFCA Franchise Loan Backed Notes, Series 1998-1." Funds in the Distribution Account shall not be invested.

  • All Permitted Investments in which funds in the Collection Account or the Transfer Obligation Account are invested must be held by or registered in the name of "LaSalle National Bank, as Indenture Trustee, in trust for the FFCA Franchise Loan Backed Notes, Series 1998-1".

  • A collateral assignment of the Debtor’s interest in the DZ Bank Franchise Loan Agreement Waterfall and the WestLB Mortgage Loan Agreement Waterfall.

  • A pledge of certain termination payments owed top WEMFF with respect to a hedging arrangement that NFA Funding LLC had in place with respect to that certain Franchise Loan Funding Agreement dated October 29, 2004 between NFA Funding LLC, as Borrower and Merrill Lynch Commercial Finance Company.

  • The data set includes detailed information on3In contrast to a Conduit CMBS, which includes mortgages that were originated with the intent of pooling them in a CMBS, other CMBS deals are labeled Portfolio, Large Loan, Fusion, Single Borrower, Franchise Loan, Agency, Credit Tenant Lease, and Floating Rate among others.

  • Xxxxxxx Title: Assistant Vice President BANK OF AMERICA, N.A., as Franchise Loan Facility Servicer By /s/ Xxxx X.

  • Section 2.5. Termination Note Agreement, Revolving CreditFacility Agreement or Franchise Loan Facility Agreement 12 SECTION 3.

  • Each of these CMBS deals focuses on particular types of loans; e.g., a Franchise Loan CMBS pool is made up of loans to franchised properties.


More Definitions of Franchise Loan

Franchise Loan. All of Seller's right, title and interest in and to a loan evidenced by a promissory note and secured by Franchise Loan Collateral.
Sample 1

Related to Franchise Loan

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Existing Loan means the loan identified on Exhibit H.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • 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.

  • 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.

  • Commercial loan means a loan that is not made primarily for

  • Noteless Loan means a Loan with respect to which (i) the related loan agreement does not require the obligor to execute and deliver an Underlying Note to evidence the indebtedness created under such Loan and (ii) no Underlying Notes are outstanding with respect to the portion of the Loan transferred to a Fund.

  • 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;

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Approved Lender is defined in Section 12.1.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.