Guaranteed Portion definition

Guaranteed Portion has the meaning set forth in the definition of RUS Guaranteed Loan.

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Guaranteed Portion means, at any time with respect to any amount payable under this Agreement:

Guaranteed Portion means, as to any SBA 7(a) Loan or SBA 7(a) Loan Participation therein, the portion of the principal balance thereof together with interest thereon at a per annum rate in effect from time to time guaranteed by the SBA in accordance with the terms of the SBA Guaranty Agreement, the related SBA Authorization and Loan Agreement, and SBA Rules and Regulations.

Examples of Guaranteed Portion in a sentence

Notwithstanding the preceding sentence, such Borrower may hereafter jointly own (a) a Pledged Asset with other parties through the sale of Participation Interests to one or more Loan Participants, or (b) any other interests of such Borrower in a Pledged Asset through the sale of the Guaranteed Portion in the secondary market (“Secondary Market Sale”); provided that such Borrower obtains the prior written consent of the Lender, which consent shall not be unreasonably withheld or delayed.
Lender agrees to provide a transcript of account of the Guaranteed Portion of the Borrower’s payments made to the Lender within ten (10) business days of receipt of a request from SBA or FTA.
All payments made by Borrower or any other Person or sums otherwise applied against the Indebtedness (including any application of insurance proceeds, condemnation proceeds, Reserves or proceeds from any foreclosure sale with respect to the Mortgaged Property) shall be allocated first to those portions of the Indebtedness other than the Guaranteed Portion and only lastly to the Guaranteed Portion.
Payments on the Non-Guaranteed Portion of an SBA Loan shall be applied to repay the related Stub Loan, then to the other Obligations, and payments relating to the Guaranteed Portion of an SBA Loan shall be applied to repay the related Warehouse Loan, then to the other Obligations, effective when the underlying funds are actually collected.
The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any Lien, security interest or claim on or to the Collateral, other than the security interests created or permitted under this Loan Agreement and with respect to the Guaranteed Portion of each SBA Loan, and the Borrower will defend the right, title and interest of the Lenders in and to any of the Collateral against the claims and demands of all persons whomsoever.

More Definitions of Guaranteed Portion

Guaranteed Portion of any RUS Guaranteed Loan means that portion of principal of, and interest on, such RUS Guaranteed Loan which is guaranteed by the United States of America through the RUS as provided in clause (y).

Guaranteed Portion the portion of an Eligible SBA Loan which is guaranteed by the SBA.

Guaranteed Portion has the meaning set forth in the definition of RUS Guaranteed Loan. "Hazardous Substances" means any toxic, radioactive, caustic or otherwise hazardous substance, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics. "Indebtedness" with respect to any Person means: (1) all indebtedness which would appear as indebtedness on a balance sheet of such Person prepared in accordance with generally accepted accounting principles (i) for money borrowed, (ii) which is evidenced by securities sold for money or (iii) which constitutes purchase money indebtedness; (2) all indebtedness of others Guaranteed by such Person; (3) all indebtedness secured by any Lien upon property owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness; and (4) all indebtedness of such Person created or arising under any conditional sale or other title retention agreement (including any lease in the nature of a title retention agreement) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession of such property), but only if such property is included as an asset on the balance sheet of such Person; provided that, in computing the "Indebtedness" of such Person, there shall be excluded any particular indebtedness if, upon or prior to the maturity thereof, there shall have been deposited with the proper depositary in trust money (or evidences of such indebtedness) in the amount necessary to pay, redeem or satisfy such indebtedness, and thereafter such money and evidences of indebtedness so deposited shall not be included in any computation of the assets of such Person; and provided further that no provision of this definition shall be construed to include as "Indebtedness" of the Borrower or its Consolidated Subsidiaries any indebtedness by virtue of any agreement by the Borrower or its Consolidated Subsidiaries to advance or supply funds to Members or Consolidated Subsidiary Members. "Indenture" means either the 1972 Indenture, the 1994 Indenture or any other Indenture that provides for borrowing on terms not materially more disadvantageous to the Borrower's unsecured creditors than the borrowings under the 1972 Indenture or the 1994 Indenture, and "Indentures" means all such Indentures. 6

Guaranteed Portion means the amount of each Participated Loan balance that is guaranteed by the SBA.

Guaranteed Portion means that portion of an Eligible Loan which has been insured by the Authority.

Guaranteed Portion means the portion of each Portfolio Loan guaranteed by the SBA.

Guaranteed Portion means that portion of an Advance or the Outstanding Balance, as applicable, which was used to fund the Guaranteed Amount of SBA Loans.