Substitute Tranche B Loan definition

Substitute Tranche B Loan means amounts drawn upon under the guarantee of the Sole Stockholder of the Tranche B loan of the Mall Construction Loan Facility, which amounts, when drawn upon may be treated as a subordinated loan to the Issuers from the Sole Stockholder and Mall Subsidiary.
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Substitute Tranche B Loan means (i) any amount funded by Sxxxxxx X. Xxxxxxx upon a draw under the Axxxxxx Completion Guaranty or the Tranche B Collateral which Sxxxxxx X. Xxxxxxx elects to have treated as a subordinated loan to VCR, (ii) any amounts funded to refinance the Tranche B portion of the Interim Loan to the extent that any refinancing of the Interim Loan is not supported by a guaranty substantially similar to the Axxxxxx Completion Guaranty, and (iii) any refinancing of the loans described under clauses (i) or (ii) provided in the case of clauses (i), (ii) and (iii) that such loans are in amounts not to exceed at any time an aggregate principal amount of $35,000,000 (plus accrued and unpaid interest thereon) are evidenced by Substitute Tranche B Notes and are subject to the terms of the Axxxxxx Intercreditor Agreement or a substantially similar intercreditor agreement, and in the case of any such loan which refinances the
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Substitute Tranche B Loan means (i) any amount which is received by Lender pursuant to the Tranche B Guaranty and Security Documents funded by Adelson upon a dxxx xxxer the Tranche B Collateral which Adelson elects tx xxxx treated as a subordinated loan to Venetian, (ii) any refinancing of the loans described under clauses (i) or (ii) provided in the case of clauses (i), (ii) and (iii) that such refinancing loan is in an amount not to exceed at any time an aggregate principal amount of $35,000,000, (plus accrued and unpaid interest thereon) is evidenced by a Substitute Tranche B Note and is subject to the terms of the Adelson Intercrexxxxx Xgreement.
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Examples of Substitute Tranche B Loan in a sentence

  • In the event that Xxxxxxx makes any payments required by the Substitute Tranche B Guaranty, such payments shall be deemed to be a loan (the "Substitute Tranche B Loan") by Xxxxxxx to Venetian with the terms and conditions set forth in Exhibit A to the Substitute Tranche B Guaranty.

  • On the Closing Date, the Credit --------------------------------------- Parties, the Company and Xxxxxxx entered into a certain Intercreditor Agreement (the "Intercreditor Agreement (Xxxxxxx)") pursuant to which such parties set forth their agreement with respect to the Company's obligation to repay the Completion Guaranty Loan and the Substitute Tranche B Loan.


More Definitions of Substitute Tranche B Loan

Substitute Tranche B Loan means (i) any amount funded by Xxxxxxx upon a draw under the GMAC Guaranty or the Tranche B Collateral which Xxxxxxx elects to have treated as a subordinated loan to Venetian, (ii) any amounts funded to refinance the Tranche B portion of the Interim Mall Loan to the extent the Interim Mall Loan Refinancing is not supported by a guaranty substantially similar to the GMAC Guaranty, and (iii) any refinancing of the loans described under clauses (i) or (ii) provided in the case of clauses (i), (ii) and (iii) that such loans are in amounts not to exceed at any time an aggregate principal amount of $35,000,000 (plus accrued and unpaid interest thereon) are evidenced by Substitute Tranche B Notes and are subject to the terms of the Xxxxxxx Intercreditor Agreement or a substantially similar intercreditor agreement, and in the case of any such loan which refinances the Tranche B portion of the Interim Mall Loan, the lender shall have entered into the Disbursement Agreement and assumed the obligations and agreements of Interim Mall Lender thereunder.
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Related to Substitute Tranche B Loan

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche C Term Loan as defined in Section 2.1.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Tranche B Term Loan as defined in Section 2.1.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche A Term Loan as defined in Section 2.1.

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).