Supplemental Loan definition

Supplemental Loan means any loan that is subordinate to the Senior Indebtedness.

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Supplemental Loan. The Loan is a Supplemental Loan and, except to the extent specifically required or approved by Lender, there has been no change in the ownership of either the Mortgaged Property or Borrower Principals since the date of the Senior Note. The intended use of any cash received by Borrower from Lender, to the extent applicable, in connection with the refinancing has been fully disclosed to Lender.

Supplemental Loan means the HUD-insured supplemental loan in the original principal amount of $______, made by Lender to Borrower, secured by the Healthcare Facility, as such Loan may be amended, increased or decreased.

Examples of Supplemental Loan in a sentence

• Notwithstanding the foregoing, if Purchaser determines in its reasonable judgment that Purchaser needs additional time (i.e. beyond February 27, 2026) to obtain Lender’s approval for the Loan Assumption and Release and/or the Supplemental Loan, then Purchaser shall have the one-time right, exercisable by written notice given to Sellers on or prior to February 27, 2026, to extend the then scheduled Closing Date to a date that is not later than March 13, 2026.

• Notwithstanding the foregoing, Purchaser may assign this Contract to an entity that is a Permitted Assignee, provided that any such assignment shall not (i) prevent or result in the revocation of the approval by the Lender of the Loan Assumption and Release and the Supplemental Loan or (ii) cause a delay in Purchaser obtaining the approval by the Lender of the Loan Assumption and Release and the Supplemental Loan by the Closing Date (as the same may be extended pursuant to Section 5.1).

More Definitions of Supplemental Loan

Supplemental Loan has the meaning specified in Section 2.01(c).

Supplemental Loan. The Loan is a Supplemental Loan and, except to the extent specifically required or approved by Lender, there has been no change in the ownership of either the Mortgaged Property or Borrower Principals since the date of the Senior Note. The intended use of any cash received by Borrower from Lender, to the extent applicable, in connection with the Supplemental Loan has been fully disclosed to Lender. ____ Cross-Collateralized/Cross-Defaulted Loan Pool: The Loan is part of a cross-collateralized/cross-defaulted pool of loans described as follows: ____ being simultaneously made to Borrower and/or Borrower’s Affiliates ____ made previously to Borrower and/or Borrower’s Affiliates The intended use of any cash received by Borrower from Lender, to the extent applicable, in connection with the Loan and the other loans comprising the cross-collateralized/cross-defaulted loan pool has been fully disclosed to Lender.

Supplemental Loan shall have the meaning prescribed in the Loan Agreement.

Supplemental Loan means a mortgage loan, if any, secured by the Mortgaged Property and purchased or intended to be purchased by Funding Lender that is subordinate to the Indebtedness.

Supplemental Loan means such loan given in accordance to the ▇▇▇▇▇▇ ▇▇▇ Supplemental Loan product.

Supplemental Loan has the meaning specified in Section 9.1 of the Ratification Agreement.

Supplemental Loan is defined in Section 2.4.4.