Short-Term Financing definition
Short-Term Financing means a Mortgage Loan with a maturity date of no more than three (3) years from the date of the initial funding of such loan.
Short-Term Financing shall have the meaning specified in Section 3.7(c) of this Agreement.
Short-Term Financing means, collectively, the Advances made in accordance with
Examples of Short-Term Financing in a sentence
If the Company completes a Financing that refinances a Short-Term Financing, the fee payable to the Manager for the new Financing shall be reduced by the fee previously paid with respect to the Short-Term Financing being refinanced.
The financing fee shall be equal to (i) for any Financing with a term of one year or less (a “Short-Term Financing”), fifteen (15) basis points of the total amount of the Financing, and (ii) for any Financing that is not a Short-Term Financing, fifty (50) basis points of the total amount of the Financing, in either case, less any out-of-pocket third-party debt placement fees (if any) incurred by the Company in connection with such financing transaction.