PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.
VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.
CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.
Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;
MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.
Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.
Tranche C Loan has the meaning specified in Section 2.01(c).
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
Term C Loan is defined in Section 2.2(a)(iii) hereof.
Tranche A Loan shall have the meaning set forth in Section 2.01(a).
Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.
Tranche B Loan has the meaning specified in Section 2.01(b).
Revolving Loan has the meaning specified in Section 2.01(a).
Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.
Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.
Loan Advance The meaning specified in Section 2.2(a).
Tranche A Advance has the meaning specified in Section 2.01(a).
Base Rate Loan means a Loan that bears interest based on the Base Rate.
ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.
Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.
Term Loan as defined in Section 2.1.
L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.