Designated Loan definition

Designated Loan. Any Loan that the Administrative Agent, in its sole discretion, has designated as a “Designated Loan” on the related Approval Notice solely for the purposes of determining the Assigned Value of such Loan in reference to the “Minimum Facility Attachment Ratio” specified therefor and set forth in the definition of “Assigned Value.”

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Designated Loan means a Loan denominated in Dollars to a Designated Borrower.

Designated Loan means a Designated Revolving Loan or a Designated Swingline Loan, as applicable.

Examples of Designated Loan in a sentence

• Upon receipt by the Trustee of the Mortgage Note with respect to a Designated Loan that is not defective in accordance with the fifth sentence of the preceding paragraph, the related Lost Note Affidavit delivered pursuant to Section 2.01 shall be void and the Trustee shall return it to the Company.

• Upon receipt by the Trustee (or the Custodian, if applicable) of the original Mortgage Note with respect to a Designated Loan that is not defective in accordance with the fifth sentence of the preceding paragraph, the related Lost Note Affidavit delivered pursuant to Section 2.01 shall be void and the Trustee (or Custodian, if applicable) shall return it (or cause to be returned) to the Company.

• If no election as to the Type of Revolving Borrowing is specified, then, in the case of a Borrowing denominated in Dollars (other than a Designated Loan), the requested Revolving Borrowing shall be an ABR Borrowing.

• With respect to each Designated Loan, the Company does hereby deliver to the Trustee the Designated Loan Closing Documents.

• If a Designated Property is released by Lender as collateral (including, for example, upon payment in full of the affected Designated Loan) the income and expenses of that Designated Property (as determined by Lender) will be excluded from the determination of the Combined FCCR.

More Definitions of Designated Loan

Designated Loan. Any Loan designated as such by the Administrative Agent, in its sole discretion, at the time of approval of such Loan.

Designated Loan means a Collateral Loan that, on the date of acquisition by the Borrower of such Collateral Loan, has a Total Debt/EBITDA Ratio greater than 7:50 to 1:00; provided that, if on any date of determination after the date of acquisition such Collateral Loan has a Total Debt/EBITDA Ratio less than 7:50 to 1:00 for two (2) consecutive quarters, the Majority Lenders, at the written request of the Services Provider, may reclassify such Collateral Loan so that it shall cease to be a Designated Loan.

Designated Loan means a Designated Revolving Dollar Loan or a Designated Swingline Dollar Loan, as applicable.

Designated Loan means, in respect of each Designated Lender, the loan made by such Designated Lender and identified on Section 7.02(g)(ii) of the Parent Disclosure Letter.

Designated Loan means a Loan denominated in Dollars to a Designated Borrower. “Designated Persons” means any Person listed on a Sanctions List.

Designated Loan. Any Loan that the Controlling Lender, in its sole discretion, designates on the related Approval Notice as a “Designated Loan”.

Designated Loan means each Loan set forth on Schedule 8. “Determination Date” means the last day of each calendar month. “DIP Loan” means an obligation: