Loan Amount definition
Examples of Loan Amount in a sentence
Subject to the terms and conditions set forth herein, the Lender agrees to make advances (each, a “Revolving Advance”) under a senior revolving line of credit available to Borrower (the “Loan”) in the principal amount of up to the Loan Amount.
The Borrower shall pay to the Lender an upfront fee on or before the Effective Date in an amount equal to three-quarters of one percent (0.75%) of the Loan Amount (the “Upfront Fee”).
The outstanding balance of the Loan may increase or decrease from time to time, as Revolving Advances under the Loan may be repaid and re-borrowed, but the total of Revolving Advances outstanding at any one time under the Loan shall never exceed Loan Amount.
Effective as of the date hereof, in exchange for the Note with a principal amount of the Loan Amount, the Borrower shall instruct its transfer agent to issue the Exchange Shares to Lender with such Exchange Shares not containing a Securities Act restrictive legend.
In the event that the Allocated Whole Loan Amount for any Property is adjusted in accordance with the terms of the Mortgage Loan Agreement, the Servicer shall promptly deliver an updated list of the Allocated Whole Loan Amount for each Property to the Certificate Administrator and the 17g-5 Information Provider to be posted on the Certificate Administrator’s Website and the 17g-5 Information Provider’s Website.