Underlying Loan Agreement definition

Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.
Underlying Loan Agreement means, with respect to any Loan, the single-lender or multi-lender commercial loan or credit agreement or other debt agreement or instrument evidencing such Loan or facility pursuant to which such Loan is made.

Examples of Underlying Loan Agreement in a sentence

Each of the Mortgage and Assignment of Leases is assignable without the consent of Underlying Borrower subject to customary restrictions regarding qualified transferees as set forth in the Underlying Loan Documents, so long as no Event of Default (as defined in the Underlying Loan Agreement) has occurred and is continuing.

Upon Substantial Completion (as defined in the Underlying Loan Agreement) of the Mortgaged Property, if the Mortgaged Property is located in seismic zones 3 or 4, an architectural or engineering consultant will perform an analysis of the Mortgaged Property in order to evaluate the structural and seismic condition of such property, for the sole purpose of assessing either the scenario expected limit (“SEL”) or the probable maximum loss (“PML”) for the Mortgaged Property in the event of an earthquake.

A Borrower under an Underlying Loan Agreement related to such Purchased Loan Receivable that is secured by Relevant Related Collateral (other than accessory collateral) could have a defence against the Guarantor that payment on such Purchased Loan Receivable needs to be made only against retransfer (Zug um Zug) of a corresponding portion of the Relevant Related Collateral.

Prior to Substantial Completion (as defined in the Underlying Loan Agreement) of the project improvements, so long as no Event of Default has occurred and is continuing, the Agent (as defined in the Underlying Loan Agreement) may not be replaced without Borrower’s written approval unless such replacement Agent is an Eligible Assignee (as defined in the Underlying Loan Agreement).

The court also stated that, where the Underlying Loan Agreement qualifies as a business transaction (Handelsgeschäft) within the meaning of Section 343 of the German Commercial Code (Handelsgesetzbuch) for both the borrower and the bank (see "Assignability of the Loan Receivables"), Section 354a of the German Commercial Code would allow the valid assignment of a monetary claim resulting from such business transaction despite a contractual restriction on assignment agreed between the parties.


More Definitions of Underlying Loan Agreement

Underlying Loan Agreement means the Loan and Security Agreement, between Seller, in its capacity as lender thereunder, and PennyMac Holdings, LLC, as the same may be amended, restated, supplemented or otherwise modified from time to time.
Underlying Loan Agreement means, any credit agreement, indenture or other agreement or document pursuant to which a Loan Asset with respect to any loan or debt for borrowed money or note, as applicable, has been issued or created and each other agreement that governs the terms of or, if applicable, secures the obligations represented by such Loan Asset, including any co‐lender or servicing agreement entered into by an applicable Underlying Agent or Underlying Servicer and, in respect of the Australian Collateral, includes the Australian Equity Notes and the document entitled “Shareholders’ agreement – Channel Capital Pty Ltddated November 20, 2020 between Channel Capital Pty Ltd ACN 162 591 568, Kudu, Glen Holding and Joshua Yeo. “Underlying Obligor Default” means, with respect to any Eligible Portfolio Asset that is a Loan Asset following the Cut‐Off Date relating thereto, the occurrence of one or more of the following events (any of which, for the avoidance of doubt, may occur more than once):
Underlying Loan Agreement. That certain Loan Agreement dated of even date with the Underlying Loan Note between Fee Owner, as borrower, TPG Agent, as administrative agent for the lenders and Borrower, as lender, which governs the terms of the Underlying Mortgage Loan, a true and correct copy of which is attached hereto as Exhibit B, as the same may from time to time be amended, restated, supplemented or otherwise modified.
Underlying Loan Agreement means the loan agreement pursuant to which an Underlying Loan has been advanced;
Underlying Loan Agreement. Means that certain Loan Agreement, dated as of the date hereof, between Seller and Underling Obligor.
Underlying Loan Agreement means the loan agreement or other document evidencing an Underlying Loan.