Prudential Loan definition

Prudential Loan shall include all rights to indemnification and other recoveries, if any, in favor of Lender under and pursuant to the Prudential Loan Assignment. The Prudential Loan Agreement and the Vornado Loan Agreement are sometimes collectively referred to herein as the "Loan Agreements"; the Prudential Loan Documents and the Vornado Loan Documents are sometimes collectively referred to herein as the "Loan Documents"; the Prudential Note and the Vornado Note are sometimes collectively referred to herein as the "Notes"; and the Prudential Loan and the Vornado Loan are sometimes collectively referred to herein as the "Loans". Lender desires to sell, and the Participant desires to purchase, an undivided participating interest in the Loans now outstanding under the Loan Agreements as evidenced by the Notes and the related Loan Documents on the terms and conditions set forth below and the Participant desires to contribute to a possible joint effort with Lender with respect to a possible strategic transaction relating to Prime Group Realty Trust (the "REIT") (although as of the date hereof there is no agreement between the parties as to any such joint effort and in the event the parties are unable to reach an agreement with respect to any such joint effort neither Lender nor Participant shall, except as set forth in Section 5(b), owe the other party any obligation with respect to any such possible joint effort).
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Prudential Loan means the indebtedness for borrowed money owed by the Seller and certain related entities to Prudential Insurance Company of America in the outstanding principal amount of $6,478,000 as of November 30, 1995.
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Prudential Loan. As defined in Section 4.1(a).
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Examples of Prudential Loan in a sentence

  • Xxxxxxx Title: Senior Vice President Title: Senior Vice President [CORPORATE SEAL] Prudential Loan Nos.

  • Exceptions: Servicing Officer Date EXHIBIT I Leasing Consent (Borrower, LLC) Prudential Loan Number: Borrower Name: Property Name: Property Address: Master Servicer: Special Servicer: Prepared By: Date: Loan Summary Original Balance: Next Payment Date: Current Balance: Monthly P & I: Current Int.

  • December 31, 2005 includes $339 for the long-term portion of Troubled Debt Restructuring interest related to the 2000 refinancing of the Prudential Loan Agreement.

  • Xxxxxx Printed Name February 25, 2014 My Commission expires AFFIX NOTARY SEAL Prudential Loan Nos.

  • It should be noted that the Prudential Loan, as executed, generally does not take into account the possibility that the Partnership might invest in non-real estate related assets other than short-term cash-type investments, and does not specifically deal with the investments described herein.

  • Specifically, Prudential sought to apply any condominium proceeds it received from the Debtors first to outstanding post- petition interest and second to the outstanding principle balance of the Prudential Loan.

  • The City stresses that, to make this loan, it borrowed $10.5 million from the U.S. Department of Housing and Urban Development, giving in return a note secured by a pledge of present and futureThe City Loan was secured by a junior lien on most of the collateral that secured the Prudential Loan and a first lien on $4 million in cash provided by an Affiliated Debtor.

  • While the Partnership may prepay in full the Prudential Loan, to date, the Partnership has been unable to negotiate favorable terms for such prepayment.

  • In addition, while the terms of the Prudential Loan do not directly prohibit the Partnership from amending the Partnership Agreement as proposed herein, investments in certain types of assets that may be considered non-income producing are restricted thereunder.

  • Following the scheduled payment in May 1996, approximately $22,616,000 remains outstanding under the Prudential Loan.


More Definitions of Prudential Loan

Prudential Loan means the loan to the Borrower from Prudential made pursuant to the Credit Agreement, dated as of November 17, 1997, between Borrower and Prudential, as the same may be amended, restated, modified or supplemented from time to time as permitted in this Agreement.
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Prudential Loan matures or is accelerated so that at closing and as provided in the Amended and Restated Agreement of Limited Partnership, the Partnership would have secured debt of not less than the amount of the Refinanced Debt with the requirement by such lender that Ed N. Xxxxxxxx xxx A. S. Glikxxxx (xxllectively, "Guarantors") give concurrent "bottom dollar" guaranties with respect to the refinanced debt in the amount of $10,700,000 and $2,300,000, respectively. Such "bottom dollar" guaranties must provide that (i) the lender must first foreclose on the Property and reduce the amount of the guaranties by the amount of the proceeds from such foreclosure sale before exercising its rights against Guarantors; (ii) Guarantors will have no personal liability to the extent of any reduction in value of the Property due to an earthquake; and (iii) each "bottom dollar" guaranty shall terminate as to each such Guarantor, thirty (30) days after the death of that particular Guarantor or his spouse.
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Prudential Loan shall have the meaning set forth in Section 4.3.D.
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Prudential Loan means the loan, in the principal amount of $40,000,000, made by Prudential Securities Credit Corporation pursuant to that certain Credit Agreement, dated as of November 17, 1997, between Prudential Securities Credit Corporation and the Partnership, as amended and restated by that certain Amended and Restated Credit Agreement, dated as of the date hereof, between the Prudential Lender and the Partnership.
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Related to Prudential Loan

  • Initial Loan is defined in Section 2.1.

  • 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.

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

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • 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”.

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

  • Educational loan means a loan made by the authority to an institution.

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

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

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

  • 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.

  • 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.

  • 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.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • 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.

  • FHA Loan means a Mortgage Loan which is the subject of an FHA Mortgage Insurance Contract.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • 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.

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

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • 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.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.