Loan restructuring definition
Loan restructuring means any change, amendment or modification of the terms of any Loan Asset, including by: adjusting interest rates, adjusting the outstanding principal balance; adjusting amortization; changing payment schedules; changing maturity dates; changing or waiving events of default or covenants; releasing or obtaining collateral; granting releases of certain rights against borrowers (or their affiliates) or guarantors; entering into new intercreditor agreements; amending operating agreements and partnership agreements under which any of the Obligors is a manager, member or partner; entering into or withdrawing as a member or manager under any operating agreement or partnership agreement to which any of the Obligors is a manager, member or partner; amending, modifying or terminating servicing agreements under which any of the Obligors is a servicer; amending, modifying or terminating any origination agreements under which any of the Obligors is a party; amending, modifying or terminating any fee agreements to which any of the Obligors is a party; amending, modifying or terminating any guaranty agreements and/or indemnity agreements to which any of the Obligors is a party; adjusting covenants; obtaining equity interests in borrowers; granting forbearances; voting on chapter 11 plans of borrowers; converting debt to equity; allowing third-party debt and/or equity; and/or negotiating, amending, or modifying any other terms and conditions of the underlying Loan Asset.
Loan restructuring. - means the facility that Bhanix provides to the borrowers due to their financial difficulties arising from either economic or legal reasons.
Loan restructuring. - means the facilitation that lending institutions provide for borrowers because of their financial difficulties caused by COVID-19 and the support for their recovery. These measures (or facilitations) include:
Examples of Loan restructuring in a sentence
As of this date, the definition of “Agreement” and/or “Loan Agreement”, contained in Clause Two of the Loan Agreement, is replaced by the following: “Agreement” and/or “Loan Agreement” means this agreement for Loan restructuring and contracting, together with the First Amendment, Second Amendment, Third Amendment and their subsequent amendments.
Simultaneously with the execution of this ----------------- Agreement, the Borrowers shall pay to the Administrative Agent, for the benefit of all Lenders pro-rata based on each Lender's Percentage, a Loan restructuring fee (the "Restructuring Fee") in the aggregate amount of Three Hundred Fifty-seven Thousand and No/100 Dollars ($357,000.00).
More Definitions of Loan restructuring
Loan restructuring. - means the facilities the bank or the financial institution provides to the borrowers due to their financial difficulties arising from either economical or legal reasons. These facilities shall not apply to other situations and in general shall include: facilities on lending terms & conditions by amending one or some contract terms (including product change and interest capitalisation), which mainly relate to the term to maturity, (principal) and interest rate, collateral execution or other assets for the partial payment on loan, replacement of the original borrower or involvement of an additional one.
Loan restructuring means the facility/-ies the bank applies to the borrower/-s due to their financial difficulties arising from economic or legal reasons, which are not carried out by the bank in any other case and in general include:
Loan restructuring. The meaning specified in Section 7.21(b).
Loan restructuring means a restructuring and revision of the amount and terms of the Revolving Credit Facility, the Collateral therefor, and any Related Document in connection therewith, satisfactory to Lender in its sole and complete discretion.”
Loan restructuring. – means the easing/s the SLA makes for the borrower, owning to his/her financial difficulties, due to economic or legal causes, which in general shall include:
Loan restructuring. - means the facilitation that lending institutions do for borrowers due to their financial difficulties caused by Covid-19 and the support for their recovery. These measures (or facilitations) include:
Loan restructuring. – shall mean the facility/facilities the institution makes for the borrower/borrowers owing to their financial difficulties, due to economic or legal causes, which are not made by the institution in no other occasion, and in general shall include: