Refinancing Loan definition
Examples of Refinancing Loan in a sentence
Each Subordinated Creditor agrees that it will not, and will not encourage any other Person to, at any time, contest the validity, perfection, priority or enforceability of the Senior Indebtedness or Liens in the Collateral granted to Agent and the Lenders pursuant to the Purchase Agreement, the other Loan Documents or the Permitted Refinancing Loan Documents or accept or take any collateral security for the Subordinated Indebtedness.
Each Refinancing Loan Request from the Borrower pursuant to this Section 2.24 shall set forth the requested amount and proposed terms of the relevant Refinancing Term Loans or Refinancing Revolving Credit Commitments.
For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Closing Date, Seller shall not be required to designate residential mortgage loans as replacement Mortgage Loans pursuant to Section 3.01 in an aggregate principal amount up to the Maximum Retained Refinancing Loan Amount.
For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Closing Date and subject to Section 4.04 hereof, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date.
Refinancing Loans may be provided by any existing Lender (it being understood that no existing Lender shall have an obligation to make all or any portion of any Refinancing Loan) or by any Additional Lender (subject to Section 11.07(h)).