Monaco Loan definition

Monaco Loan means that certain loan from Monaco to the Company in the amount of $2.325 million pursuant to a Loan Agreement dated July 27, 2001 and secured by a mortgage dated September 26, 2001 on the Land and Improvements.
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Examples of Monaco Loan in a sentence

  • The Company has used all of the loan proceeds received from the BankAtlantic Loan and the Monaco Loan, except as expressly approved by Monaco as to the Monaco Loan, only for the purposes for which such proceeds were required in the Company’s loan application.

  • The current outstanding principal balance under the Monaco Loan is three million fifty-six thousand six hundred seventy dollars ($3,056,670).

  • The current outstanding principal balance under the Monaco Loan is two million eight hundred thousand dollars ($2,800,000).

  • The current outstanding principal balance under the Monaco Loan is one million eight hundred thousand dollars ($1,800,000).

  • Schedule 2.26(i) lists all Mortgages to which the Property is subject (other than the recorded mortgages/deeds of trust securing the BankAtlantic Loan and the Monaco Loan), the parties in whose favor the Mortgages run, the dates of such Mortgages, the amounts of such Mortgages and the subject matter of such Mortgages.

  • The Company has used all of the loan proceeds received from the US Bank Loan and the Monaco Loan, except as expressly approved by Monaco as to the Monaco Loan, only for the purposes for which such proceeds were required in the Company’s loan application.