Loan Allocation definition

Loan Allocation means:
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Loan Allocation means the loan allocation identified as such in the Budget for the Project attached hereto as Exhibit M.
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Loan Allocation means, with respect to the indicated Property: (i) $12,350,000 for the Branch Plaza Property, (ii) $5,515,000 for the Methuen Shopping Center Property, and, (iii) $5,135,000 for the Abington Towne Center Property. "Loan Amount" -- $23,000,000, or so much thereof as shall be advanced by Lender pursuant to this Agreement and the Note and outstanding from time.
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Examples of Loan Allocation in a sentence

  • Subject to the terms and conditions set forth herein and in the DIP Order, on the Closing Date, each Junior Loan Lender’s Junior Loan Allocation of such Lender’s 2018 Notes (“9.75% Tranche Loans”) and each Junior Loan Lender’s Junior Loan Allocation of such Lender’s 2019 Notes (“10.625% Tranche Loans”) shall be deemed to have been made as a term loan by such Junior Loan Lender, and borrowed by the Company, under this Agreement.

  • Loans that are Eligible Required Retention Loans shall be allocated to Bank in accordance with the Required Retained Loan Allocation Methodology at the time the Borrower under any such Loan achieves credit approval.

  • The proceeds of the Loan shall be used by Borrower to pay the cost of the construction of the Improvements on the Land, and other costs regarding the Property if and to the extent that such costs are specifically provided for in the Loan Allocation column in the Budget.

  • Further, if, at any time, the outstanding balance of the Loan exceeds (a) the Loan Amount, (b) the Loans-to-One-Borrower Limitation, (c) the Borrowing Base approved by Lender, or (d) as to any individual Property, the Loan Allocation for that Property, then Borrower shall immediately pay in cash to Lender, following receipt of a written demand therefor, the amount of such excess.

  • Notwithstanding any other provision of this Agreement to the contrary, in the event that the aggregate Loan Allocations for the Lots and Homes included in the Qualified Projects exceeds any Maximum Aggregate Loan Allocation, then the Borrowing Availability shall be reduced in the amount by which said Loan Allocations exceeds any Maximum Aggregate Loan Allocation.


More Definitions of Loan Allocation

Loan Allocation. (i) $14,000,000 with respect to the Bloomfield Town Square Property and (ii) $12,000,000 with respect to the Walnut Hill Plaza Property.
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Loan Allocation means in respect of any Mortgaged Property the amount of the relevant Mortgage Loan agreed by the relevant Borrower(s) as attributable to that Mortgaged Property, if any.
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Loan Allocation means that amount of a loan which has been borrowed under the powers conferred by subsection
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Loan Allocation means, with respect to each Project Province, the portion of the proceeds of the Loan to be made available to said Project Province in accordance with Section 3.02(a) of this Agreement.
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Loan Allocation means, with respect to the indicated Property: (i) $13,000,000 for the Absecon/NJ Property, (ii) $21,000,000 for the Bloomfield/MI Property, (iii) $10,000,000 for the H▇▇▇▇▇/IL Property, (iv) $7,500,000 for the Abington/PA Property, (v) $13,000,000 for the Town Line/CT Property, (vi) $8,500,000 for the Methuen/MA Property and (vii) $15,000,000 for the Village/NC Property.
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Loan Allocation. With respect to any MOB Property the amount set --------------- forth opposite such property on the chart below. MOB Property Loan Allocation ------------ --------------- 405 Bedford $2,179,476 415 Bedford $1,342,238 416 Bedford $2,853,861 435 Bedford $2,423,577 ▇▇▇ ▇▇▇▇▇▇▇ $1,131,285 436 Bedford $8,550,326 ▇▇▇▇▇▇▇ Oaks Medical Plaza $2,891,825 Holy Cross Medical Plaza $1,211,701 St. Joseph's Medical Plaza $ 516,951 Regents Medical Center $3,490,797 Coronado Plaza $1,330,084 Cigna Healthcare Building $ 69,611 ▇▇▇▇▇ Building $2,023,314 Tustin Medical Office Building II $1,141,306 Tustin Medical Office Building I $ 184,523 St. Joseph's of Tustin $ 147,040 Pacific Park (Aliso Viejo II) $ 441,487 Pier One Retail Center $ 376,231 MOB Property Loan Allocation ------------ --------------- San ▇▇▇▇▇ Medical Office Bldgs. $ 288,625 Valencia MOB / A-E $ 953,301 Valencia MOB / F $ 1,452,441 ------------ $ 35,000,000 provided, that the Loan Allocation for each MOB Property shall be reduced -------- ratably by any payments of principal made pursuant to Sections 2.4 or 2.5 and provided further, that upon a MOB Property Sale, or the incurrence or -------- ------- disposition of Indebtedness by the Company or a Subsidiary, the Agent shall generate a new chart to be substituted for the chart set forth above reflecting an allocation of the outstanding principal amount of the Loans among the MOB Properties and any such MOB Property Sale and such incurrence or disposition of Indebtedness.
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Loan Allocation shall have the meaning set forth in Section 2.
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