Renewable Loan definition
Renewable Loan means a Late Stage Development Loan, a Construction Loan or a Permanent Loan.
Examples of Renewable Loan in a sentence
The Borrower shall not sell, transfer or otherwise dispose of any Renewable Loan forming part of the Portfolio if giving effect to such sale would create a Borrowing Base Deficiency.
The execution and delivery of a Borrowing Base Certificate shall in each instance constitute a representation and warranty by the Borrower to the Administrative Agent that, to the best of its knowledge after due inquiry, no Renewable Loan included therein is excluded from inclusion in the Borrowing Base by the Eligibility Criteria.