SMD Loan definition

SMD Loan means a loan, made in the ordinary course of business, from the Company to an SMD in accordance with the practices of the Company as described in the Offering Memorandum.
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Related to SMD Loan

  • CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).

  • Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.