Loan Distribution Amount definition
Loan Distribution Amount for each Lender payable at Closing shall equal each Lender’s Principal Amount: F5 Finishes shall pay to each Lender in cash fifty percent (50%) of his, her or its Loan Distribution Amount. Within three Business Days after Closing, F5 Finishes shall deliver to each Lender a subordinated promissory note, substantially in the form as set forth as Exhibit DSB (the “Loan Distribution Notes”) , payable to such Lender in the principal amount of fifty percent (50%) of such Lender’s Loan Distribution Amount.
Examples of Loan Distribution Amount in a sentence
On any Payment Date on which the Reserve Account Loan Distribution Amount has been deposited in the Reserve Account pursuant to Section 8.04(c)(12), the Trustee shall distribute an equal amount from the Reserve Account to the Agent for the benefit of the Reserve Account Lenders.