Examples of Hybrid Loan in a sentence
This is a Hybrid Loan requiring an Investment through Transfer of Collateral to Lender.
This is a Hybrid Loan requiring an Investment through Transfer of Collateral to Lender.
SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.
Revolving Advances means Advances made other than Letters of Credit.
DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).
Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.
Revolving Loan has the meaning specified in Section 2.01(a).
LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.
Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).
Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.