Original Loan definition

Original Loan shall have the meaning set forth in the recitals hereto.
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Original Loan means each “Loan” under, and as defined in, the Original Credit Agreement.
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Original Loan. The mortgage loan refinanced in connection with the origination of a Refinance Loan. OTS The Office of Thrift Supervision. Outstanding With respect to the Certificates as of any date of determination, all Certificates theretofore executed and authenticated under this Agreement except (a) Certificates theretofore canceled by the Trustee or delivered to the Trustee for cancellation; and (b) Certificates in exchange for which or in lieu of which other Certificates have been executed and delivered by the Trustee pursuant to this Agreement. Outstanding Loan As of any Due Date, a Loan with a Stated Principal Balance greater than zero, which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Loan prior to such Due Date. Overcollateralization Amount As of any Distribution Date, (a) the Pool Principal Balance as of the last day of the immediately preceding Due Period minus (b) the aggregate Class Certificate Balance of all Classes of Offered Certificates (after taking into account all distributions of principal on that Distribution Date).
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Examples of Original Loan in a sentence

  • Accordingly, effectively automatically from and after the Restatement Date the Original Loan Agreement shall no longer be of any force or effect.

  • Borrower shall use the proceeds of the initial Loans provided by ▇▇▇▇▇▇▇ to the Borrower hereunder only for: (a) repayment in full of the Hybrid Debt, (b) the refinancing of the Loans under the Original Loan Agreement, and (c) payment of costs, expenses and fees incurred in connection with the preparation, negotiation, execution and delivery of this Agreement and the other Financing Agreements (collectively, items (a) to (c) inclusive, referred to herein as the “Refinancing”).

  • This Agreement amends and restates in its entirety the Original Loan Agreement from and after the Restatement Date.

  • Borrowers now desire to amend and restate the Original Loan, the Original Loan Agreement and the remaining original loan documents (the “Original Loan Documents”) in their entirety, and Administrative Agent and Lenders are prepared to agree to such amendment and restatement as aforesaid.

  • Borrower has now requested, and Lender has agreed to provide, a new $2,000,000 term loan to Borrower (the “Supplemental “Loan”; and together with the Original Loan, the “Loans”) subject to the terms and conditions set forth hereinbelow, and L▇▇▇▇▇ is willing to agree to and accommodate the same.


More Definitions of Original Loan

Original Loan is defined in the recitals of this Agreement.
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Original Loan has the meaning provided in Clause 2.1;
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Original Loan. The mortgage loan refinanced in connection with the origination of a Refinance Loan.
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Original Loan means each “Loan” outstanding under the Original Credit Agreement immediately prior to the effectiveness of this Agreement on the Restatement Effective Date; provided that upon the effectiveness of this Agreement on the Restatement Effective Date, each Converted Loan shall cease to be an Original Loan.
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Original Loan each “Revolving Loan” outstanding under the Existing Credit Agreement immediately prior to the effectiveness of this Agreement on the Closing Date.
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Original Loan means the loan to the Borrower by the Lender in the principal amount of Six Million United States Dollars (US$6,000,000) pursuant to this Agreement.
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Original Loan is defined in Section 2.1.
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