Transition Loan definition

Transition Loan shall have the meaning described in Section 8.3.

Transition Loan means an Eligible Loan which is not designated as a Stabilized Loan by Buyer in its sole and absolute discretion as of the related Purchase Date, but which Buyer elects to purchase pursuant to a Transaction hereunder, in its sole and absolute discretion; provided, however, Seller shall have the option of resubmitting any Transition Loan for review by Buyer in accordance with the procedures set forth in Section 3 of this Agreement, and Buyer may, in its sole and absolute discretion, elect to reclassify such Transition Loan as a Stabilized Loan, and in such event Seller and Buyer shall enter into an amended and restated Confirmation setting forth the updated terms of the applicable Transaction.

Transition Loan means the loan or advances made to the Tribe directly by Developer/Manager pursuant to Section 2.3 evidenced by the Interim Promissory Note.

Examples of Transition Loan in a sentence

• If you want to stay in your current home while you build, sell on completion and use the funds from the sale to lower or eliminate your new loan, we offer a complete solution with our Transition Loan and Go- Between Loans.

• If the Bank Closing does not occur, interest shall accrue on amounts advanced under the Transition Loan at Wall Street Journal prime plus 1%, not to exceed 10%.

• Essential duties of position: Describe in more detail the nature of the work that is expected.34.

• Lender has incurred reasonable fees and expenses in connection with the Transition Loan in the amount of $10,000.00 (“ Lender Fee Amount”).

• Construction Costs do not include amounts advanced under the Non-Gaming Acquisition Line of Credit or the Transition Loan, and Great Lakes' liability for cost overruns under this subsection shall be computed without regard to any amounts advanced by Lakes or Great Lakes under such line of credit or loan.

• Upon Ratification, Lakes shall make a loan to the Band for the purposes and as set forth in clause (c) of Section 8.1, upon the terms set forth in the form of Transition Loan Note (the "Transition Loan").

• Each advance of funds to the Band by Great Lakes as part of the Transition Loan shall be evidenced by the Transition Loan Note, duly authorized and executed by the Band.

• All amounts advanced under the Transition Loan shall be repayable to Great Lakes as Limited Recourse obligations of the Band; shall not accrue interest for the first two years after execution of the Management Agreement; shall, after the expiration of that two year period, bear interest at the Band Interest Rate, as defined below; and shall be payable monthly in arrears, beginning on the 15th day of the month after the Commencement Date, in 60 equal monthly payments of principal and interest.

• Developers whose only relationship with2 their customers is through their apps are effectively foreclosed from providing this information.3 Communication through an app is low-cost and efficient.

• Each advance of funds to the Band by Lakes as part of the Transition Loan shall be evidenced by the Transition Loan Note, duly authorized and executed by the Band.

More Definitions of Transition Loan

Transition Loan shall have the meaning described in Section 9.3.

Transition Loan means the loan or loans made by Manager or its Affiliates to the Tribe and/or the Authority to fund the costs and expenses of the Tribe, the Authority and/or any Other Entities, including, without limitation, the following costs and expenses: the fees, costs and expenses of the Tribe’s and the Authority’s developer; the acquisition of the Site and alternative sites; and the initial stage development of the Facility and Other Entities Facilities.

Transition Loan means the aggregate amount of Advances to be made available under the Transition Facility or the aggregate principal amount outstanding for the time being of the borrowings under the Transition Facility. "Transition Ships" means each ship listed as Ship 19 to Ship 32 (inclusive), details of which are set out opposite its name in Part B of Schedule 10 (Details of the Ships). "UK Bail-In Legislation" means Part 1 of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutes or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings). "UK Establishment" means a UK establishment as defined in the Overseas Regulations.

Transition Loan shall have the meaning ascribed to it under the Development Agreement between the parties.