Fronted Loan definition

Fronted Loan means a Loan made by a Lender pursuant to Section 2.06.
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Fronted Loan shall have the meaning ascribed thereto in Section 3.2(b).
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Fronted Loan means a Local Loan or a Fronted Acquisition Loan, as the context shall require; collectively, the "Fronted Loans";
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Examples of Fronted Loan in a sentence

  • The Administrative Agent shall notify the applicable Borrower of any participations in any A/C Fronted Loan acquired pursuant to this paragraph and thereafter payments in respect of such A/C Fronted Loan shall be made in dollars and to the Administrative Agent and not to the applicable A/C Fronting Lender.

  • Each A/C Fronted Loan shall be in a principal amount that is an integral multiple of the Alternative Currency Equivalent of $100,000 and not less than $2,500,000.

  • Interest on each A/C Fronted Loan shall be payable on the Interest Payment Date with respect thereto.

  • The purchase of participations in an A/C Fronted Loan pursuant to this paragraph shall not relieve any Borrower (or other party liable for obligations of such Borrower) of any default in the payment thereof.

  • Each Lender may require each Borrower to pay, contemporaneously with each payment of interest on its Eurocurrency Committed Loans and Fronted Loans, additional interest on the related Eurocurrency Committed Loan or Fronted Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the Eurocurrency Base Rate then in effect for such Loan divided by (B) one minus the Reserve Requirement applicable to such Lender over (ii) such Eurocurrency Base Rate.

  • Stage 8 scoring may be amended based on these sessions.The final score is calculated as follows: Lot 270% is made up of the total of Stage 830% is made up from Stage 9 Lot 3100% is made up of the total of Stage 8.

  • At the time that a Fronting Lender makes a Fronted Loan, each Lender (a “Purchasing Lender”) shall be deemed, without any further action by any Person, to have purchased from such Fronting Lender an unfunded participation (ratably in proportion to the ratio that such Purchasing Lender’s Commitment bears to the Aggregate Commitment), without recourse or warranty of such Fronting Lender, in such Fronted Loan.

  • If no Rate is selected with respect to any A/C Fronted Loan, the applicable Borrower shall be deemed to have selected an A/C Fronted Base Rate Loan.

  • Subject to the provisions of Section 2.07, each A/C Fronted Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of, (i) in the case of a Loan to the Australian Borrower denominated in Australian Dollars, 365 days, or (ii) in the case of a Loan to the Italian Borrower, 360 days) at a rate per annum equal to the A/C Fronted Base Rate with respect to such A/C Fronted Loan plus the Applicable Percentage with respect to such Loan.

  • After the Purchasing Lenders fund their Participation Interests in a Fronted Loan, subject to Section 2.08(d), each Fronting Lender with respect to such Fronted Loan shall receive interest on such Fronted Loan equal to (A) the Eurocurrency Base Rate for such Fronted Loan plus (B) its ratable share of the Eurocurrency Margin for such Fronted Loan plus (C) its MLA Cost for such Fronted Loan.


More Definitions of Fronted Loan

Fronted Loan as defined in Section 2.1A.
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Related to Fronted Loan

  • Committed Loan has the meaning specified in Section 2.01.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Permitted Loan means any bona fide loan or other extension of credit entered into by a Series A Preferred Unitholder or any of its Affiliates with one or more financial institutions and secured by a pledge, hypothecation or other grant of security interest in Series A Preferred Units, Series A Conversion Units, Common Units, or other assets.

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

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Affected Loan has the meaning specified in Section 3.04.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Advance has the meaning given in Section 2.1.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Corrected Loan Any Serviced Loan that had been a Specially Serviced Loan but has ceased to be such in accordance with the definition of “Specially Serviced Loan” (other than by reason of a Liquidation Event occurring in respect of such Serviced Loan or a related Mortgaged Property becoming an REO Property).

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • 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.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.