LA Loan definition

LA Loan means a term loan up to $500,000 in principal amount pursuant to Section 2.1(A)(ii), the proceeds of which will be used to finance the furniture, fixtures and equipment and leasehold improvements for the new Los Angeles campus.
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Examples of LA Loan in a sentence

  • Amounts borrowed under the LA Loan and repaid may not be reborrowed.

  • So long as no Default or Event of Default shall have occurred and be continuing, the Borrower may, on any Business Day, upon the Borrower's giving of a Notice of Conversion to the Agent, Convert the Term Loan or the LA Loan of one Type into the Term Loan of another Type.

  • ExchangeRight Net Leased Portfolio #27 – Walgreens Lubbock, TX (Loan No. 6.04) ExchangeRight Net Leased Portfolio #27 – Walgreens Houma, LA (Loan No.

  • Except for title exceptions contained in any lenders’ title insurance policies issued in connection with the HL Loan and the LA Loan on or before January 1, 2011, which title exceptions are deemed approved by Lender Parties, any other title matters shall require the approval of the Lender Parties, in their sole and absolute discretion, in order to be approved title exceptions under each Owner’s Policy.

  • The Borrower covenants that the proceeds of each advance under the LA Loan shall be advanced to AEC to reimburse AEC for costs and expenses of, or to finance the purchase of, the furniture, fixtures, equipment and leasehold improvements relating to the new Los Angeles campus.

  • As a further condition to each funding of the LA Loan, the Borrower and/or AEC shall deliver to the Agent such invoices or other evidence or details regarding the incurring of such costs, expenses and purchases as the Agent shall reasonably request.

  • When the Borrower desires to borrow advances under the Revolving Loan or the LA Loan, it shall deliver to the Agent a fully and properly completed Notice of Borrowing no later than 11:00 a.m. (Atlanta time) on the proposed Funding Date.

  • So long as no Default or Event of Default shall have occurred and be continuing, the Borrower may on any Business Day, with respect to the Term Loan or the LA Loan, elect to maintain such Loan as the same Type of Loan by selecting a new Interest Period for such Loan.

  • For the period from the Closing Date to but excluding October 31, 1997, the Borrower shall be obligated to pay only accrued interest on the LA Loan on each Quarterly Date occurring prior to October 31, 1997.

  • Unless otherwise agreed, each such advance to the Borrower under the Revolving Loan or LA Loan shall, on the Funding Date, be deposited, in immediately available funds, in a demand deposit account of the Borrower maintained with NationsBank.