Key Loan definition

Key Loan or "Key Loans" shall mean the loan or loans made to Borrower pursuant to the Key Credit Agreement.
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Examples of Key Loan in a sentence

  • The Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Key Loan Party as if it were not acting as the Agent pursuant hereto without any duty to account to the other Lenders.

  • The Key Loan Parties acknowledge that representatives of the Agent may visit any or all of the Loan Parties and/or conduct audits, inspections and valuations of any or all of the Loan Parties in accordance with the terms and conditions set forth in Sections 7.02 and 7.

  • The Key Loan Parties shall furnish the Agent with certificates or other evidence satisfactory to the Agent regarding compliance by the Loan Parties with the foregoing requirements.

  • After giving effect to all the transactions contemplated hereby (including transaction costs), the Key Loan Parties shall have Excess Availability (calculated without regard to the Excess Availability Reserve) of not less than $115,000,000.

  • The Borrower(s) tenders herewith Demand Promissory Note(s) for the Cash Credit Key Loan facility mentioned above as cover for the said credit facililty.

  • Each Key Loan Party hereby irrevocably constitutes and appoints the Agent (acting through any officer of the Agent) as that Key Loan Party's true and lawful attorney, with full power of substitution, following the occurrence and during the continuance of an Event of Default and subject to the terms of the Intercreditor Agreement, to convert the Collateral into cash at the sole risk, cost, and expense of that Key Loan Party, but for the sole benefit of the Agent and the Lenders.

  • From and after the date hereof, ALE and AHC shall use reasonable commercial efforts and all necessary diligence in endeavoring to complete all available construction draws under the Glastonbury Key Loan Agreement and the Rockland Key Loan Agreement.

  • The said Demand Promissory Note(s) executed by the Borrower in favour of the Bank shall operate as a continuing security for the Cash Credit Key Loan account.

  • Guarantor shall have delivered to Lender and Surety true and correct copies of the amendments (and/or waivers) of the Key Loan Documents being executed simultaneously herewith.

  • Said Key Loan Agreement shall require the prospective tenant to return the key to Manager not more than 24 hours after the prospective tenant receives it.

Related to Key Loan

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.