Reference Loan definition
Examples of Reference Loan in a sentence
From time to time the Company may request (each such request, a “Purchase Request”, and each such requested purchase, a “Purchase”) that the Financing Provider acquire one or more Eligible Reference Loans and sell such Eligible Reference Loans to the Company on the terms set forth herein (each such Eligible Reference Loan subject to a Purchase Request, a “Portfolio Investment” until the Removal Date in respect thereof).
Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Revolving Eurocurrency Borrowing (other than for any Euro Rate Reference Loan), shall have the Interest Period specified in such Borrowing Request.
Until the Agent notifies the Administrative Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) each LIBOR Loan shall be converted into a Reference Loan at the end of the then current Interest Period, and (ii) any notice or request from the Administrative Borrower that requests the conversion of any portion of the Term Loan to, or continuation of any portion of the Term Loan as, a LIBOR Loan shall be ineffective.
Asset Management Department Reference Loan No. ▇▇▇-▇▇▇-▇▇▇ With a copy to: The Prudential Insurance Company of America c/o PGIM Real Estate Loan Services, Inc.
The Agent shall have received a Notice of Borrowing pursuant to Section 2.03 hereof no later than 12:00 noon (New York City time) three Business Days prior to the date of the proposed borrowing with respect to a Eurodollar Loan or on the date of a proposed borrowing of a Reference Loan or an L/C Notice and a Letter of Credit Application pursuant to Section 3.01 hereof not later than 12:00 noon (New York City time) three Business Days prior to the proposed date of issuance of a Letter of Credit.
In the event that the Borrower shall not give notice to continue any Eurodollar Loan into a subsequent Interest Period, such Loan (unless repaid) shall automatically become a Reference Loan at the expiration of the then current Interest Period.
The Indemnity Agreement, dated as of October 10, 2012 by AAT CC Bellevue, LLC, a Delaware limited liability company, and American Assets Trust, L.P., a Maryland limited partnership, in favor of PNC BANK, NATIONAL ASSOCIATION, a national banking association c/o Midland Loan Services, Inc., Reference Loan Number 940960335.
Borrower shall make all payments by wire transfer of immediately available funds as follows: To: Bank of America ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Santa Rosa, CA 95405 ABA Routing No.: ▇▇▇▇▇▇▇▇▇ Account Number: 14984-00266 Account Name: Pacific Coast Farm Credit Services, ACA Reference: Loan # ▇▇▇▇▇▇▇▇▇▇ Attention: ▇▇▇▇ ▇▇▇▇▇, Accounting ▇.▇.
Such notice shall be sent to Lender at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, Suite 2500, Dallas, Texas 75201, Reference Loan No. 703000212, certified mail, return receipt requested.
Each Reference Loan shall bear interest on the outstanding principal amount thereof for each day from the date such Loan is made until it becomes due at a rate per annum equal to the Reference Rate for such day.