Loan Proceeds definition

Loan Proceeds means funds disbursed by Lender on account of the Loan and pursuant to this Loan Agreement.

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Loan Proceeds means the proceeds of the Loan in the maximum principal amount set forth in this Agreement.

Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

Examples of Loan Proceeds in a sentence

Use the Loan Proceeds to (a) repay in full, in cash, and fully satisfy all non-contingent obligations, including all related accrued interest and fees, under the Existing Spectrum Notes on the Effective Date, (b) consummate the Equity Repurchase and (c) pay Approved Costs and other legal and other closing costs associated with the Loan.
Directly or indirectly use the net Loan Proceeds for any purpose which could cause a violation by any Loan Party of the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in any other applicable jurisdiction.
The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”), and no part of the Loan Proceeds will be used for any purpose which entails a violation of Regulations U, T or X of the Board.
The Loan Proceeds, after paying Approved Costs and other legal and other closing costs associated with the Loan in accordance with this Agreement, the other Loan Documents and the Disbursement Memorandum, will be disbursed to the Borrower according to the Borrower’s wire instructions provided to the Lender and shall be used by the Borrower solely for purposes described in Section 4.8.

More Definitions of Loan Proceeds

Loan Proceeds means the funds applied to make the loan to the Borrower pursuant to this Agreement.

Loan Proceeds means the funds disbursed to a Borrower pursuant to a Loan Account established by Bank under the Program.

Loan Proceeds means the total amount of money to be paid pursuant to Section 2.02 hereof by Lender to Escrow Agent for deposit and application in accordance with the Escrow Agreement.

Loan Proceeds means all of the following: (i) any and all proceeds with respect to any or all of the Loans and any or all of the Underlying Collateral, including principal, interest, default interest, prepayment fees, premiums and charges, extension and exit fees, late fees, assumption fees, other fees and charges, insurance proceeds and condemnation payments (or any portion thereof) that are not used and disbursed to repair, replace or restore the related Underlying Collateral in accordance with the terms of the Loan Documents and the Ancillary Documents, and, with respect to any Acquired Property, operating cash flow realized from such Acquired Property net of Servicing Expenses, whether paid directly to the Company or payable to or distributed by an Ownership Entity; (ii) any and all proceeds from sales or other dispositions or refinancings of any or all of the Loans (including Acquired Property) net of Servicing Expenses incurred in connection with such sale or other disposition or refinancing; (iii) any proceeds from making a draw under any letter of credit or certificate of deposit held with respect to any Loan, provided that such draw is permitted by the terms of the Loan Documents;

Loan Proceeds means the aggregate Advances made by the Lenders to the Borrower pursuant to the Loan Documents.

Loan Proceeds has the meaning given that term in the LLC Operating Agreement. “Loan Schedule” has the meaning given that term in the recitals.

Loan Proceeds means the proceeds of the Loan disbursed to the Borrower pursuant to this Loan Agreement.