Guarantor Loans definition
Examples of Guarantor Loans in a sentence
The Guarantor’s Guarantee of the Loans (pursuant to Article VII) shall rank pari passu with its obligation to make payments on or otherwise perform in accordance with the terms of the Guarantor Loans.
The Disclosure Schedule lists and describes in reasonable detail all agreements, documents and instruments between Guarantor and Borrower, executed by Borrower in favor of Guarantor, or delivered by Borrower to Guarantor evidencing all Guarantor Loans on the Effective Date (collectively, the Existing Guarantor Loan Documents”).
On or prior to the Redemption Date for any redemption of Bonds pursuant to this Article 3, the Issuer shall (a) cause the Subsidiary Guarantor or any Additional Guarantor (as applicable) to prepay or reduce the principal amount of its Guarantor Loans pursuant to Section 2.4(b) of the Guarantor Loan Agreement and (b) deposit the monies received from such prepayment into the Redemption Account pursuant to Section 3.3.
The Guarantor Loans shall bear interest at the Prime Rate plus two percent (2%), beginning as of the date that the Lender receives the loan funds from the Guarantor or applies such Guarantor’s collateral to payment of the Loan, and shall be payable as provided in Sections 6.1 and 7.2.
Outlook Pointe Borrowers shall pay all Expenses (as hereinafter defined) incurred by Lender previously, now or hereafter in connection with the Second Amended Loan, the Revolving Credit Facility, the Loan Documents or this Amendment, including without limitation, Lender's expenses incurred in the negotiation and documentation related to the approval of the Initial Guarantor Loan and the Subsequent Guarantor Loans, the repayment of Note C, the Amended and Restated Subordination Agreement and this Amendment.
All amounts on deposit in the Depositary Accounts and all Cash Equivalents held therein shall constitute Collateral and shall not constitute payment of any Bonds or Guarantor Loans until applied as provided in this Indenture; provided that the security interest with respect to the Debt Service Reserve Account shall be for the exclusive benefit of the Holders.