Examples of Additional Loan in a sentence

Payments on the Additional Loan shall be interest only payments, payable monthly, on the first day of every month, in arrears, at the calculated Interest Rate for the Term, and the Principal Balance shall be due and payable at the close of the Term.
The duties and obligations of Borrower to repay the Additional Loan shall be evidenced by this Loan Agreement, the Amended Promissory Note, and the Amended Security Agreement.
The Additional Loan term (the “Term”) shall be 36 months from the Effective Date.
Borrower shall not materially change, dissolve, or liquidate the corporation, or the nature of its Business or operations during the Term of the Additional Loan as such Business and operations exist as of the Effective Date, without the prior written consent of Xxxxxx and except as previously disclosed to Lender in writing.
Borrower shall have the right to prepay all or any portion of the Additional Loan outstanding at any time; provided, however, if such prepayment is prior to the 18 month anniversary of the funding date for the Additional Loan, Borrower shall pay Lender a prepayment premium equal to 18 months’ calculated interest with any such Additional Loan prepayment, minus the amount of interest actually paid prior to such prepayment, in each case in respect of the principal amount prepaid.

More Definitions of Additional Loan

Additional Loan means the loan as may be applied by the Borrower to the Lender, over and above the amount of the Loan sanctioned by the Lender, up to the maximum of the Flexi Assigned Limit, as may be approved by the Lender;

Additional Loan has the meaning assigned to such term in Section 2.15(a).

Additional Loan means a Loan, other than an Initial Loan, acquired by the Issuer from the Trust Depositor for inclusion in the Collateral and having a Cut-Off Date during the Ramp-Up Period or the Reinvestment Period.

Additional Loan has the meaning set forth in Section 2.01(b).

Additional Loan means, with respect to any Series, each Installment Contract or other contract for deed or contract or note secured by a mortgage, deed of trust, vendor’s lien or retention of title, in each case relating to the sale of one or more Timeshare Properties or Green Timeshare Properties to an Obligor and each Additional Upgrade Balance, in each case constituting one of the Loans of such Series purchased from the Seller on an Addition Cut-Off Date and listed on Schedule 1 to the related Assignment.

Additional Loan means (a) with respect to the Loan Purchase Agreement, each additional non-revolving personal loan that is sold to the Depositor pursuant to the Loan Purchase Agreement on an Addition Date, which, for the avoidance of doubt, may include Loans acquired by the Seller from Regional Originators, (b) with respect to the Sale and Servicing Agreement, each additional non-revolving personal loan that is acquired by the Issuer pursuant to the Sale and Servicing Agreement on an Addition Date, (c) with respect to the 2020-1A SUBI Supplement, each additional non-revolving personal loan that is allocated to the 2020-1A SUBI by the Servicer pursuant to the 2020-1A SUBI Supplement on an Addition Date, (d) with respect to the Purchase Agreement, each additional non-revolving personal loan that is sold to the Seller SALE AND SERVICING AGREEMENT (RMIT 2020-1) - Schedule II - 1 pursuant to the Purchase Agreement on each Addition Date, (e) with respect to the Omnibus Distribution and Assignment Agreement, each additional non-revolving personal loan that is transferred to the Seller pursuant to the Omnibus Distribution and Assignment Agreement on each Addition Date, and (f) with respect to any Other Warehouse Purchase Agreement, each additional non-revolving personal loan that is sold to the Seller pursuant to such Other Warehouse Purchase Agreement on each Addition Date.