New Loan Note definition
Examples of New Loan Note in a sentence
Not less than 180 days before any New Loan Valuation Date (as defined in the AEW New Loan Note), PTLP may deliver to Master Lessee a list of three (3) third party MAI appraisers (the "PTLP Designated Appraisers").
Notwithstanding the foregoing, at any time that the fair market value of the Tower Property is valued in connection with a Final Participation Determination under the First Loan, Master Lessee may elect to cause a simultaneous valuation for purposes of the AEW New Loan Note.
If Master Lessee makes such an election, (i) the Fair Market Value of the Tower Property for purposes of determining the amount, if any, of Further Interest, Participating Interest and Additional Participating Interest due to First Lender shall also be used as the Appraised Value for purposes of the AEW New Loan Note, and (ii) the date of such valuation shall be deemed to be the New Loan Valuation Date.
Additional New Loan Note Subscription Price means the subscription price for the Additional New Loan Notes, being $4,000,000.
If the Master Lease is no longer in effect, all action to be taken by the Master Lessee hereunder and under the Sears New Loan Note and Sears Redevelopment Cost Obligation shall be taken by Tower Owner.
On the Additional Subscription Date, the Subscribers must pay and in doing so must utilise any payment made pursuant to clause 6.6(a) to pay, in their Respective Proportions, to CBI Australia the Additional New Loan Note Subscription Price.
The amount payable under Section 4 of the AEW New Loan Note may be paid at any time after the Appraised Value is determined and shall be the amount (if any) which would be payable under the AEW New Loan Note under the Distribution Priorities if the Tower Property were sold for the Appraised Value on the New Loan Valuation Date.
The Appraised Value (as such term is used in the AEW New Loan Note) shall be the value of the Tower Property determined by the appraiser so selected.
Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Term Note, New Loan Note or Swing Line Note, as the case may be, payable to such Lender, which shall evidence such Lender’s Loans in addition to such accounts or records.
Upon request, and the surrender by the assigning Lender of its Note, the Borrower (at its expense) shall execute and deliver a Swing Line Note, a New Loan Note or a Term Note, as applicable, to the assignee Lender.