General Purpose Loan definition

General Purpose Loan means a loan that is not a Home Loan.
View Source
General Purpose Loan means a loan made by a Bank to a Borrower pursuant to Section 2.01(c); provided that if any such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term "General Purpose Loan" shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.
View Source
General Purpose Loan means a Loan permitted hereunder that is not a Tender Offer Loan.
View Source

Examples of General Purpose Loan in a sentence

  • A Loan may be identified by both Class and Interest Type (e.g., a "General Purpose Euro-Dollar Loan" indicates that such Loan is both a General Purpose Loan and a Euro-Dollar Loan).

  • The "Class" of a Loan refers to whether such Loan is a Term Loan, a Project Loan or a General Purpose Loan, each of which constitutes a Class.

  • Identification of a Loan by both Class and Interest Type (e.g., a "General Purpose Euro-Dollar Loan") indicates that such Loan is both a General Purpose Loan and a Euro-Dollar Loan.

  • The "Purpose" of a Loan refers to whether such Loan is designated by the Borrower as an Acquisition Loan, a Project Loan or a General Purpose Loan.

  • The "Class" of a Loan refers to whether such Loan is an Acquisition Loan, a Project Loan or a General Purpose Loan, each of which constitutes a Class.