Special Loans definition

Special Loans means the Closed Special Loans, the Class 1 Loans and the Class 2 Loans.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Special Loans has the meaning assigned to such term in Section 2.02(b).

Special Loans means USDA Mortgage Loans and “closed-end” Mortgage Loans with respect to HUD 203(k).

Examples of Special Loans in a sentence

• Any amounts received after such time (or any other applicable time agreed by the Company and the applicable Lenders with respect to Special Loans) on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon.

• To the repayment of any Loans and Special Loans that may have been made by either of the Members pursuant to Section 5.1, but if the amount available for such repayment shall be insufficient to repay all Loans and Special Loans, then repayment shall be made pro rata in accordance with the outstanding principal balances, including accrued interest, on such Loans and Special Loans.

• Furthermore, true, complete and materially correct copies of reports containing the amounts of all loans, leases, advances, credit enhancements, other extensions of credit, commitments and interest bearing assets of East Penn Financial that East Penn Financial has classified internally as Special Loans and the amounts of all overdrafts occurring since December 31, 2006 are attached hereto on East Penn Financial Disclosure Schedule 3.19 of this Agreement.

• This Section shall not apply to Competitive Borrowings or to Special Loans, which may not be converted or continued.

• In addition, without the prior written consent of the Required Lenders, there shall not be Special Loans outstanding at any time in the aggregate principal amount in excess of 25% of the aggregate Commitments.

More Definitions of Special Loans

Special Loans means HomeStyle Renovation Mortgage Loans and “closed-end” Mortgage Loans with respect to HUD 203(k).

Special Loans shall have the meaning set forth in Section 6.06 hereof. 7. The Venture Agreement is hereby amended by changing the addresses in the table in Section 3.01 to read as follows: Kumagai Caribbean, Inc. ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇, Puerto Rico 00920-1706 WKA El Con Associates c/o WMS Industries Inc. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ 8. The Venture Agreement is hereby further amended by changing the addresses in the table in Section 3.02 to read as follows: Class A Limited Partner ----------------------- 3 Kumagai Caribbean, Inc. ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇, Puerto Rico 00920-1706 Class B Limited Partner ----------------------- WKA El Con Associates c/o WMS Industries Inc. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ 9. Section 3.03 of the Venture Agreement is hereby amended by adding the following at the end thereof: "Additionally, the Partners may make Supplemental Contributions to the Partnership, such Supplemental Contributions to be made pursuant to the written consent of the Partners as they may agree upon from time to time." 10. The parties hereby agree that a Call Notice for Deficiency Loans cannot be made to fund costs, fees or expenses attributable to Total Project Costs, it being the intention of the parties that the revised Development Budget not to be exceeded. The first sentence of Section 6.01 of the Venture Agreement is hereby amended to read as follows: "If at any time after the Commencement Date but prior to the expiration of five (5) years from the Commencement Date, the Partnership has insufficient funds available to pay any portion of operating costs or any other fees or expenses related to the operation of the Project or the Resort, the Partnership's business or the liquidation or winding up of the Partnership, including payment of liabilities or reserves for liabilities, the WKA General Partner shall notify (the "Call Notice") each of the General Partners in writing of the amount needed (the "Deficiency") to pay such costs, fees or expenses; no Call Notice should be made to cover any portion of any costs, fees or expenses attributable to Total Project Costs, including the renovation, improvement, construction or development of the Project or the Resort." Section 6.01 of the Venture Agreement is hereby further amended by deleting the last sentence thereof and substituting in its place the following: "Notwithstanding the foregoing, at no time shall either the KG General ...

Special Loans means the loans that are set forth on the ONB Disclosure Schedule (as defined in Article IV of this Agreement).

Special Loans mean the Additional Interim Loans, the Backstop Fee Loan, the Interim Loans and the Additional Financing Facility Loans.

Special Loans means the loans made or acquired by Seller and that are set forth in §1.1 of the Disclosure Schedule.

Special Loans means, as of any date of determination during the Special Period, outstanding Revolving Loans in the amount equal to the Special Loan Amount. For the avoidance of doubt, during the Special Period (and terminating as of the end of such Special Period), Revolving Loans outstanding in an amount equal to the Special Loan Amount are deemed Special Loans and such Special Loans are deemed the first Revolving Loans outstanding and last Revolving Loans to be repaid. “

Special Loans means USDA Mortgage Loans, “closed-end” Mortgage Loans with respect to HUD 203(k), and any ▇▇▇▇▇▇ Mortgage Loan originated in the state of Hawaii with a Principal Balance over $1,000,000.