MP Loans definition

MP Loans shall have the meaning assigned to such term in Section 2.08(b). -18- 25
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Examples of MP Loans in a sentence

  • The Operating Partnership will give the Agent written notice of each optional prepayment under Sections 7.04 and 7.05 not less than 10 days and not more than 30 days prior to the date fixed for such prepayment, in each case specifying such prepayment date, the aggregate principal amount of the MP Loans, the Mortgage Notes and any other Parity Debt and the principal amount of each Note held by such Bank to be prepaid and the Section under which such prepayment is to be made.

  • Such prepayment shall be allocated pro rata among all MP Loans and Parity Debt, if any, outstanding on the date such prepayment is to be made according to the aggregate then unpaid principal amounts of the MP Loans and the Parity Debt, respectively; and, with respect to the MP Loans, shall be made at 100% of the principal amount of the MP Loans to be prepaid, plus interest thereon to the prepayment date.

  • Each prepayment of the MP Loans pursuant to this Section 7.03 shall be made at 100% of the principal amount of the MP Loans to be prepaid, plus interest thereon to the prepayment date plus, to the extent provided in Section 3.04(c), breakage costs.

  • Such Bank shall promptly deliver, and the Operating Partnership hereby authorizes such Bank to deliver, the amount of such payment or other recovery, if any, to the custody, possession or control of the Trustee for disposition or distribution in accordance with the applicable provisions of the Trust Agreement to holders of Parity Debt and the MP Loans.

  • Notice of prepayment having been given as aforesaid, the principal amount of the MP Loans and any Parity Debt specified in such notice, together with interest thereon to the prepayment date and, in the case of the MP Loans, together with breakage costs with respect thereto where applicable, shall become due and payable on such prepayment date.

  • All prepayments made on the MP Loans pursuant to Article VII, if any, shall reduce the Total Loan Commitment by the amount of such prepayment, and each Bank's Loan Commitment shall be reduced by such Bank's Participation Percentage of such prepayment amount, and each such amount so prepaid shall thereafter not be available for additional Borrowings pursuant to this Agreement.

  • It is understood that Residue Excess Sale Proceeds, if any, which shall remain unallocated following the prepayment of the MP Loans in accordance with this clause (c) shall constitute cash receipts of the Operating Partnership as used in the definition of "Available Cash".

Related to MP Loans

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Revolving Loans as defined in Section 2.4(a).

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).