The date, amount and interest rate of each LAI Loan made by the Bank to the Company, and each payment made on account of the principal thereof, shall be recorded by the Bank on its books; provided that the failure by the Bank so to record such LAI Loans shall not affect the obligations of the Company hereunder.
LPMI Loan A Mortgage Loan with a LPMI Policy.
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”.
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.
PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.