Term Loan Real Estate definition

Term Loan Real Estate means the Real Estate of Borrowers set forth on Schedule 6.8.
Term Loan Real Estate means the "First Lien Real Estate" under and as defined in the Term Loan Agreement, as in effect as of the date hereof.
Term Loan Real Estate means the real property located at (a) Borrower’s mechanized distribution center, 0000 Xxxxxx Xxxxxx, Commerce, Los Angeles County, California 90040, and (b) Borrower’s dairy facility located at 3608, 3609, 3614 and 0000 00xx Xxxxxx and 3626, 3629 and 0000 00xx Xxxxxx, Xxx Xxxxxxx, Xxx Xxxxxxx Xxxxxx, Xxxxxxxxxx 00000, as each such property is more particularly identified in the respective Term Loan Real Estate Mortgage.

Examples of Term Loan Real Estate in a sentence

  • Borrower shall, within 3 Business Days of receipt of written notice from Administrative Agent, prepay the Term Loan in accordance with subsection 2.4A(iv) to the extent necessary so that the Term Loan shall not at any time exceed 60% of the Appraised Value of the Term Loan Real Estate.

  • The Company’s obligations under the Credit Agreement are guaranteed by certain of the Company’s subsidiaries, excluding its finance and former insurance subsidiaries, and are secured by grants of security interests in the accounts receivable, inventory, deposit accounts and certain related collateral (subject to exceptions) of the Company and the guarantor subsidiaries, and in the Term Loan Real Estate.

  • Administrative Agent shall have received appraisals from one or more independent real estate and other appraisers satisfactory to Administrative Agent, in form, scope and substance satisfactory to Administrative Agent and satisfying the requirements of any applicable laws and regulations, concerning the Term Loan Real Estate to the extent required under such laws and regulations as determined by Administrative Agent in its discretion.

  • The Term Loan is subject to prepayment, if any appraisal of the Term Loan Real Estate shows the outstanding balance of the Term Loan exceeds 60% of the appraised value of the Term Loan Real Estate, in the amount of such excess.

  • So far loans and advances portfolio includes Project Finance in the form of Term Loan, Real Estate Finance, Secured Overdraft against FDR, different security certificates, working capital in the form of Cash Credit Hypothecation, Import Trade Finance in the form of PAD/LIM/TR etc.

  • If the other lien involved a conflicting declaration of residency, that too would be good evidence that the borrower did not live in the subject property.

  • The Second Amendment added to the Term Loan Real Estate certain real property of the Company that had secured the Hancock Debt.

  • The Obligations shall be secured by Mortgages upon the Term Loan Real Estate; provided that, upon payment in full of the Term Loan, Administrative Agent shall release its Lien on the Term Loan Real Estate.

Related to Term Loan Real Estate

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan as defined in Section 2.1.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

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

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

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