Senior Loan definition

Senior Loan has the meaning provided in the Recitals hereto.
Senior Loan means each loan made pursuant to a Senior Credit Agreement.
Senior Loan has the meaning set forth in Section 2.5.

Examples of Senior Loan in a sentence

  • Section 2.1 of the OCN Subordination Agreement prohibits the repayment of the OCN Loans except as provided for therein, which with respect to refinancing the OCN Loans only refinancing through the “proceeds of a Permitted Refinancing Indebtedness (as defined in the Senior Loan Agreement [(as defined in the OCN Subordination Agreement)])[.]” A breach of Section 2.1 of the OCN Subordination Agreement would result in the breach of Section 8.7(i) of the Loan Agreement.

  • If Junior Lender, by subrogation, shall acquire any lien, estate, right, or other interest in the Land in addition to those set forth in the Junior Loan Documents, that lien, estate, right, or other interest shall be subject and subordinate to the Repayment in Full of the Senior Obligations and to the Senior Deed of Trust and the other Senior Loan Documents to the same extent as the Junior Obligations are subordinate to the Senior Obligations hereunder.

  • Amend, modify or waive any of its rights under its Organization Documents, other than any amendment or modification permitted under Section 7.20, or (b) any Senior Loan Document (other than any amendment, modification, or waiver that is permitted under the terms of the Senior Subordination Agreement).


More Definitions of Senior Loan

Senior Loan means a collateral debt obligation that is a Secured Senior Loan or an Unsecured Senior Loan.
Senior Loan means any secured Bank Loan that is not subordinated by its terms to any other indebtedness of the borrower.
Senior Loan. A Loan that (i) is secured by a first priority lien on all of the Obligor’s assets constituting Collateral for such Loan (subject to Permitted Liens), (ii) has a Loan-to-Value Ratio less than or equal to 90% and (iii) provides that the payment obligation of the related Obligor on such Loan is either senior to, or pari passu with, all other loans or financings to such Obligor.
Senior Loan means a mortgage loan in connection with the acquisition of a Property provided by a Senior Lender to a Fee Owner and any replacement, renewal, extension, substitution, addition, supplement, modification, amendment or refinancing thereof, each as approved by the Partners hereunder.
Senior Loan means the loan of proceeds of the Senior Bond from the Issuer to the Borrower pursuant to the terms of the Senior Loan Agreement.
Senior Loan the “Loan” as defined in the Senior Loan Agreement.
Senior Loan means, collectively, any advance or advances of principal made by the Senior Lenders to the Company under the Senior Credit Agreement and the other Senior Loan Documents and all accrued but unpaid interest thereon.