Examples of Senior Loan in a sentence

Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.
The executed Senior Loan Documents are the same forms as approved by HUD prior to the date of this Agreement.
Subordinate Xxxxxx acknowledges that Senior Lender shall be entitled during such period described above to continue to pursue its remedies under the Senior Loan Documents.
Failure of Senior Lender to send a default notice to Subordinate Lender shall not prevent the exercise of Senior Lender’s right and remedies under the Senior Loan Documents, subject to the provisions of this Agreement.
All amounts paid by Subordinate Lender to Senior Lender to cure any default under the Senior Loan Documents shall be deemed to have been advanced by Subordinate Lender pursuant to, and shall be secured by the lien of, the Subordinate Mortgage.

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 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 any Loan secured by a first priority lien on substantially all of the Obligor's assets and which has a Loan-to-Value of less than or equal to 90%.

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 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 BOG under the Senior Credit Agreement and the other Senior Loan Documents.