Owner Loans definition

Owner Loans means, collectively, loans from owners of Borrower made in accordance with the terms of the Organizational Agreement of Borrower, which are unsecured or subordinate both in payment and priority of Liens to the Loan and the Loan Documents pursuant to a subordination agreement executed by such Person in favor of Lender.
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Owner Loans. The following:
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Examples of Owner Loans in a sentence

  • Owner Loans will not be referred to foreclosure until the reconciled value has been received and evaluated.

  • Servicer shall follow FNMA timelines for all Owner Loans in foreclosure.

  • Updated FICO scores must be ordered, at Owner’s sole cost and expense, on all Owner Loans on a quarterly basis and reported to Owner on the following month end tape.

  • Guaranteed Small Business Owner Loans and Wide Loans: When the Company believes the likelihood of any future collection is minimal.

  • Borrower not permitted to declare dividends, pay management fees, interest or other payments to shareholders, or repay Owner Loans until Borrower’s liabilities to Lender pursuant to the loans are repaid in full.

  • Borrower not permitted to declare dividends, pay management fees, interest or other payments to shareholders, or repay Owner Loans until Borrower's liabilities to Lender pursuant to the loans are repaid in full.

  • Updated FICO scores must be ordered, at Owner's sole cost and expense, on all Owner Loans on a quarterly basis and reported to Owner on the following month end tape.

  • Except for Owner Loans (if any), Borrower shall not incur any Indebtedness or guaranty or provide security for any Indebtedness of another Person or enter into any agreement to do so without the prior written consent of Lender, which may be given or withheld in Lender’s sole discretion.

  • Current and/or future loans of Sxxxxxx Xxxxxxxxxx to the Borrower ("Owner Loans") will be subordinated to Borrower's liabilities to Lender.

  • The amounts so advanced shall be deemed to be loans by Owner (the "Owner Loans") to the Facility and shall be repaid by Manager from future Facility revenues in accordance with the provisions of Section IX hereof.

Related to Owner Loans

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Refinancing Loans means the Refinancing Revolving Loans and the Refinancing Term Loans.

  • Bank Loans means debt obligations (including term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans and senior subordinated loans) which are generally under a loan or credit facility (whether or not syndicated) or note purchase agreement.

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Borrowings means the plural thereof.

  • Permitted Loans means:

  • Replacement Loans has the meaning specified in Section 10.01.