Qualified Loans definition
Qualified Loans. (a) the existing (as of the Management Commencement Date) balance of any Secured Loan which is secured by a Mortgage existing as of the Management Commencement Date; (b) any Secured Loan which Management Company, in its reasonable discretion, has approved in writing (provided that an approval by Management Company that a given Secured Loan shall be deemed to be a Qualified Loan hereunder shall apply only to the specific hotel or hotels which are described in such approval, and shall not be deemed to be an approval with respect to other hotels, regardless of whether such Secured Loan by its terms permits the substitution or addition of such other hotels as security for such Secured Loan); and (c) any Secured Loan as to which TRS has obtained a Non-Disturbance Agreement pursuant to Section 3.02 of this Agreement.
Qualified Loans. As defined in the recitals.
Qualified Loans has the meaning given to that term in the Pledge Agreement.
Examples of Qualified Loans in a sentence
The right of ▇▇▇▇▇▇ Mac to repurchase all Qualified Loans and REO Property in the Trust Fund pursuant to clause (i) above shall be subject to the aggregate Scheduled Principal Balances of the Qualified Loans being less than the Termination Percentage of the Scheduled Principal Balances thereof as of the Cut-Off Date.
All references in the Master Sales Agreement to Student Loans or Qualified Loans shall be deemed to refer to the Students Loans governed by this Sales Agreement.
This covenant to indemnify and hold harmless shall survive the sale of the Qualified Loans to ▇▇▇▇▇▇ Mac.
The Seller shall execute, acknowledge and deliver all other documents furnished to the Seller by the Purchaser as may be necessary to effectuate the transfer contemplated by this Section 2.02 to the Purchaser of all right, title and interest of the Seller in and to the Qualified Loans and the related Mortgages.
Any such delegation may include entering into subservicing agreements with any Person or Persons, for the servicing and administration of the Qualified Loans or a portion thereof.
More Definitions of Qualified Loans
Qualified Loans means, as of any date of determination, the agricultural mortgage loans meeting the Eligibility Criteria and identified as of such date of determination on the Qualified Collateral Schedule. For purposes of the Eligibility Criteria, taxes and assessments in respect of any Qualified Loan shall be deemed to be paid current as of such date if (i) (A) taxes and assessments were paid current at the time of the initial funding of such Qualified Loan and (B) taxes or assessments due and payable after the time of the initial funding of such Qualified Loan shall have been paid within 45 Business Days of the Grantor’s actually becoming aware that such taxes or assessments on such Qualified Loan are overdue and/or delinquent, or (ii) such taxes or assessments are being contested by the Grantor or the obligor on such Qualified Loan in good faith.
Qualified Loans. ’ means qualified loans as defined in section 8.0(9) of the Act.
Qualified Loans means loans from Empress to an Additional Guarantor, --------------- evidenced by notes with terms which are substantially similar to the terms of the Mirror Notes, including provisions restricting prepayment.
Qualified Loans means, as of any date of determination, the agricultural mortgage loans meeting the Eligibility Criteria and identified as of such date of determination on the Qualified Collateral Schedule. For purposes of the Eligibility Criteria, taxes and assessments in respect of any Qualified Loan shall be deemed to be paid current as of such date if (i) (A) taxes and assessments were paid current at the time of the initial funding of such Qualified Loan and (B) taxes or assessments due and payable after the time of the initial funding of such Qualified Loan shall have been paid within 45 Business Days of the Grantor’s actually becoming aware that such taxes or assessments on such Qualified Loan are overdue and/or delinquent, or (ii) such taxes or assessments are being contested by the Grantor or the obligor on such Qualified Loan in good faith. “Qualified Substitute Collateral” means, at any time, (i) cash, (ii) U.S. Treasury securities, or (iii) securities issued or fully guaranteed by an agency or instrumentality of the United States, in each case deposited or held in or transferred or credited to or carried in the Securities Account and listed as of such time on the Qualified Collateral Schedule. “REIT” means the Gladstone Land Corporation, a Maryland corporation, and the consolidated parent company of Issuer.
Qualified Loans or "Qualified Lenders", as the case may be, under any such Management Agreement (to the extent that such terms are applicable under any such Management Agreement); or
Qualified Loans of any Bank shall mean the amount by which (i) the outstanding principal amount of Loans by such Bank (including Special Facility Loans) calculated, in the case of Loans made in Optional Currencies, on the basis of the Exchange Rate on the date the Loan is made, plus the Principal Component of all outstanding Acceptances by such Bank, exceeds (ii) the Commitment of such Bank.
Qualified Loans has the meaning given to that term in the Pledge Agreement. “REIT” means the Gladstone Land Corporation, a Maryland corporation, and the consolidated parent company of Issuer. “Related Parties” means, with respect to any Person, such Person’s affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s affiliates. “Stockholders’ Equity” shall be the stockholders’ equity of the REIT, as of the end of each Fiscal Quarter or the Fiscal Year, as applicable, as presented in the Financial Statements. “Total Assets” means the sum of (a) the Land Asset Fair Value Adjustment and (b) the total assets as of the end of each Fiscal Quarter or the Fiscal Year, as applicable, as presented in the Financial Statements. “Total Debt” means the total interest-bearing debt of the REIT (including any preferred term stock that is required to be accounted for as debt under GAAP) as of the end of each Fiscal Quarter or the Fiscal Year, as applicable, as presented in the Financial Statements.