Loan Allocation Amount definition

Loan Allocation Amount means, on any date of determination, an amount equal to the sum of (a) the greater of (i) the Aggregate Commitments and (ii) the Outstanding Amount of the Committed Loans, as of such date, plus (b) the Outstanding Amount of Term Loans as of such date.
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Loan Allocation Amount listed on Exhibit A of the Loan Agreement is replaced with the amount described on Exhibit A attached hereto as the "Total Loan Allocation" assigned to that Property. The two amounts shown as the "Proportionate Exit Fee" for each Property, as listed on Exhibit A of the Loan Agreement, are replaced with the two amounts described on Exhibit A attached hereto as the "Total Exit Fee" assigned to that Property.
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Loan Allocation Amount means, with respect to each Property, that portion of the Principal Amount allocated by Lender to such Property, as set forth on Schedule B annexed hereto.
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Examples of Loan Allocation Amount in a sentence

  • In the event that the Proceeds paid to Lender are less than the Loan Allocation Amount for the applicable Property, Borrower may obtain a Release of such Property from the lien of the Mortgage encumbering such Property if Lender shall have received from Borrower a payment (in addition to the Proceeds) equal to the difference between (i) the Loan Allocation Amount for the applicable Property less (ii) the Proceeds previously delivered to Lender.

  • In connection therewith, Borrower may obtain a Release of such Property from the lien of the Mortgage encumbering such Property provided that such Proceeds paid to Lender are at least equal to the Loan Allocation Amount for the applicable Property.

  • The maximum amount to be disbursed to each Borrower is that Borrower's Loan Allocation Amount as set forth on Exhibit A hereto.


More Definitions of Loan Allocation Amount

Loan Allocation Amount. As defined in the Loan Agreement.
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