Examples of Junior Loans in a sentence
Such Purchasing Holders may not close the purchase of the Senior Loan or any Optioned Junior Loan, as the case may be, without concurrently closing the purchase of the applicable Senior Junior Loans or the applicable Additional Covered Junior Loan(s), respectively.
The examination shows that Lehman’s pricing models,1028 on average, predicted a higher spread than the average selling Lehman, Junior Loans Pricing Summary (Aug.
Subject to the terms and conditions set forth herein each Junior Loan Lender agrees, severally and not jointly, that the outstanding Junior Loans (as defined in the Existing DIP Term Loan Agreement) immediately prior to giving effect to this Agreement in an amount equal to the amount set forth opposite such Junior Loan Lender’s name on Schedule 2.01(b) hereto are hereby exchanged for Junior Loans and deemed borrowed hereunder (the “Junior Loans”).
Senior Lender agrees that none of the Junior Lenders owes any fiduciary duty to Senior Lender in connection with the administration of the Junior Loans and the Junior Loan Documents and Senior Lender agrees not to assert any such claim.
A Subordinate Junior Lender may not close the purchase of the Senior Loan without concurrently closing the purchase of the applicable Senior Junior Loans in accordance with the terms of this paragraph.
All funding sources for the Project, including any and all Junior Loans and any and all tax credit equity capital contributions, shall be deposited with Bank into an account pledged to Bank for disbursing in accordance with the Loan Documents.
The Junior Loans shall bear interest at the Junior Loan Interest Rate payable quarterly in arrears on each Interest Payment Date and shall be calculated on the basis of a year of 360 days and actual number of days elapsed.
Apply for federal funds to support the programs established under RSA 126-A:5, XXIII and XXIV and RSA 126-A:67.
The Company shall repay to the Agent for the ratable account of each applicable Lender on the Termination Date the aggregate principal amount of the Loans made (or deemed made) by such Lender to the Company then outstanding (other than to the extent that the First Lien Last OutNew Money Loans and Junior Loans are converted to loans under the Exit Facility in accordance with the terms of this Agreement and of the Exit Loan Agreement).
From and after the indefeasible payment in full in cash of all Senior Loans, until the principal of, premium, if any, on, and interest on the Junior Loans shall be paid in full, the Junior Lenders shall be subrogated to all rights of the Senior Lenders to receive any further payments or distributions applicable to the Senior Loans to the extent any such payment or distribution is made to or for the account of the Senior Lenders.