LHS Loan definition

LHS Loan means the outstanding principal balance of Advances under -------- the LHS Commitment, together with interest accrued thereon and fees and expenses incurred in connection therewith.
View Source

Examples of LHS Loan in a sentence

  • Any such payment shall be applied to the Loan as follows: first, if the assets sold relate to the business financed thereby, to the LHS Loan or RSD Loan, as applicable; then, if applicable, to the principal balance of the Acquisition Loan; then, if applicable, to the Revolving Loan; and then, if applicable, to the RSD Loan and LHS Loan on a pro rata basis.

  • In addition, any principal repayments of the Acquisition Loan, the RSD Loan or the LHS Loan subsequent to the date of the Fifth Amendment shall permanently reduce the principal balances outstanding thereunder and shall not be available for reborrowing.

  • Agent shall apply all payments of ----------------------- principal, interest, commitment fee or other amounts hereunder made to Agent by or on behalf of Borrower with respect to the Revolving Loan, RSD Loan, LHS Loan, Acquisition Loan and Letters of Credit, as applicable, to Banks on the basis of their Pro Rata Shares of the outstanding principal balance of the applicable Loan being paid hereunder, except the fees payable under Paragraphs 2.13 and 2A.4(a)(iv) hereof, which shall be paid solely to Agent.

  • Notwithstanding anything to the ----------------------- contrary contained herein, as of the date of the Fifth Amendment, no further advances will be made by the Banks to the Borrower under the Acquisition Loan, the RSD Loan or the LHS Loan.

  • The aggregate outstanding principal balance under the -------- LHS Loan on the LHS Commitment Termination Date shall be immediately due and payable on the LHS Commitment Termination Date.

  • The Indebtedness of Borrower to each Bank under the LHS Loan will be evidenced by an LHS Note executed by Borrower in favor of such Bank.

  • Banks shall be lenders in the Revolving -------------------- Loan, Acquisition Loan, RSD Loan and LHS Loan in the Maximum Principal Amounts and Pro Rata Shares set forth in Schedule 1 attached hereto.

Related to LHS Loan

  • SLS Loan means a Loan which was made pursuant to the Supplemental Loans for Students Program established under Section 428A of the Higher Education Act (or predecessor provisions), including Loans referred to as ALAS Loans or Student PLUS Loans.

  • 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.

  • PLUS Loan means a Loan that was made pursuant to the PLUS Program established under Section 428B of the Higher Education Act (or predecessor provisions).

  • 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”.

  • Noteless Loan means a Loan with respect to which (i) the related loan agreement does not require the obligor to execute and deliver an Underlying Note to evidence the indebtedness created under such Loan and (ii) no Underlying Notes are outstanding with respect to the portion of the Loan transferred to a Fund.