Omnibus Loan definition
Examples of Omnibus Loan in a sentence
The Trustee shall keep accurate and detailed accounts of all investments, receipts, disbursements and other actions hereunder, except for Omnibus Loan Assets, which shall be reflected as provided in Section 2.10.
If the Administrator directs the Trustee to hold the participant loan portfolio as an omnibus asset of the Trust (the "Omnibus Loan Asset"), the Loan Fiduciary, or the loan administrator appointed by the Administrator ("Loan Administrator"), shall direct and administer loans made to Participants or Beneficiaries pursuant to the Plan.
Pursuant to the terms and conditions contained in that certain Loan Agreement dated March 10, 2009, by and among Mortgagor and Mortgagee, as amended by a certain Omnibus Loan Modification and Extension Agreement of even date herewith (the “Loan Modification Agreement”; collectively, the "Loan Agreement"), Mortgagee made to Mortgagor a loan in the maximum principal amount of $78,245,641.77 (the “Loan”).
The Borrower requires funding to maintain the CRA in an amount not less than the Construction Reserve in accordance with the Omnibus Loan and Security Agreement (“Loan Purpose”) under which a term loan facility of up to PHP 25.0 billion is made available to the Borrower.
The Company and the Purchaser agree that the Purchaser shall have the option to elect, by written notice to the Company upon submission of a notice of exercise pursuant to the terms of the Warrants, that the Company shall immediately apply the aggregate exercise price of any cash exercise of the Warrants as a prepayment pursuant to clause 6.3 of the Omnibus Loan Supplemental Agreement or Omnibus Note Supplemental Agreement, as applicable.