Pearl Loan definition

Pearl Loan means the obligations to the Lender pursuant to that certain Term Credit and Security Agreement for Acquisition and Warehousing of Bonds, dated as of June 30, 2005, by and between Municipal Mortgage & Equity, LLC, as successor to MuniMae TEI Holdings, LLC, and the Lender; the related Promissory Note, dated June 30, 2005; and the related Continuing Guaranty from Municipal Mortgage & Equity, LLC, dated June 30, 2005; all as have been amended, modified, supplemented or restated since the dates thereof, respectively.
Sample 1

Examples of Pearl Loan in a sentence

  • Phoenix Life Assurance Limited traces its history back to the Pearl Loan Company, which was founded in 1857.

  • The Pearl Loan is payable within 5 months from the date of the first drawdown if ASX does not approve the Company’s application to have its Securities reinstated to quotation on the ASX or the Acquisition agreement is terminated in accordance with its terms.(2) Other receivables from prior year consist of receivable from Peter Landau, a former Director of the Company.

  • On 23 May 2017, a deed of variation was signed in respect of the DOCA, under which the Company’s creditors authorised the Deed Administrators to enter into the Pearl Loan Agreement.

  • In 1864 the Pearl Life Assurance Loan and Investment Company was formed when the Pearl Loan Company merged with the Pearl Life Assurance and Sick Benefit Society, which had been formed two years earlier.

  • The Pearl Loan is payable within 5 months from the date of the first drawdown if ASX does not approve the Company’s application to have its Securities reinstated to quotation on the ASX or the Acquisition agreement is terminated in accordance with its terms.

  • Interest accrues at the rate of 10% per annum on any amount advanced to Pearl under the Facility, but is capitalised and payable in full on the ‘Termination Date’.The Facility was advanced on 30 June 2017.The Pearl Loan Agreement contains undertakings, warranties and representations by Pearl in favour of the Company.

  • For further information on Pearl and the proposed Acquisition, refer to Sections 7 and 9.1.Further the Company has entered into a preliminary funding agreement where by it has agreed to provide financial accommodation to Pearl (Pearl Loan Agreement).

  • The Pearl Life Assurance Loan and Investment Company was created in 1864, from the merger of the Pearl Loan Company and the Pearl Life Assurance and Sick Benefit Society.

  • The Pearl Loan Agreement contains undertakings, warranties and representations by Pearl in favour of the Company.

Related to Pearl Loan

  • 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.

  • 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”.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • 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.

  • 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.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Initial Loan is defined in Section 2.1.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Existing Loan means the loan identified on Exhibit H.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • 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.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • 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.

  • Commercial loan means a loan that is not made primarily for

  • 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;

  • Revolving Advance has the meaning given in Section 2.1.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Term Loan as defined in Section 2.1.

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • PIK Loan means a Collateral Loan (other than a Partial PIK Loan) that permits the Obligor thereon to defer or capitalize any portion of the accrued interest thereon.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • 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.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.