Green Loan definition

Green Loan means a Loan the proceeds of which are used to finance the purchase of a Green Timeshare Property.

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Green Loan means a Loan the proceeds of which are used to finance the purchase of a Timeshare Property for which construction on the related Resort has not yet begun or is subject to completion.

Green Loan means a Loan the proceeds of which are used to finance the purchase of a Green Vacation Ownership Interest.

Examples of Green Loan in a sentence

The Green Loan Coordinator may resign as such at any time upon written notice to the Borrower and the Administrative Agent.
Concurrently with the delivery of annual financial statements pursuant to Section 7.1.1 until the Maturity Date and within a reasonable time in the event of material developments, the Borrower shall deliver to the Administrative Agent, who shall promptly make available to the Green Loan Coordinator, the following report: a Green Loan Reporting Letter signed by a responsible officer of the Borrower and certified as being true and correct in all material respects to the Borrower's knowledge.
The Green Loan Coordinator, acting in such capacity, shall use commercially reasonable efforts to assist the Borrower in its green loan determinations and perform such functions as are market-standard and customary for such role, provided that the Green Loan Coordinator shall have no responsibility or liability, fiduciary or otherwise, to the Borrower, any of its affiliates, their management, any of their equity holders or any such entity’s board of directors (or similar governing body).
Any such inquiry which may be made by the Administrative Agent, the Collateral Agent or the Green Loan Coordinator shall not obligate it to make any further inquiry or to take any action.
No amendment of any term or provision of this Section 11.24 or impacting the rights, obligations or liabilities of the Green Loan Coordinator under any Loan Document shall be effective without the prior written consent of the Green Loan Coordinator.

More Definitions of Green Loan

Green Loan is defined in Section 10.31.

Green Loan or “Green Loans” shall mean 5-Year Revolver Green Loans or 364-Day Revolver Green Loans, as the context may require.

Green Loan has the meaning given to such term in Section 2.21.

Green Loan means a green unsecured loan facility entered into between you and the Lender in respect of the total cost of purchasing and installing the Solar PV System for your Property;

Green Loan. Green Loan Services LLC, a Delaware limited liability company.

Green Loan means any type of loan instrument made available exclusively to finance or re-finance, in whole or in part, new and/or existing eligible Green Projects. Green loans must align with the four core components of the Green Loan Principles.

Green Loan means a Loan the proceeds of which are used to finance the purchase of a Green Timeshare Property. "GREEN TIMESHARE PROPERTY" shall mean a Timeshare Property for which construction on the related Resort has not yet begun or is subject to completion.