Examples of Allocated Loan Amount in a sentence
The "Partnership Prepayment Amount" means 115% of the Partnership Allocated Loan Amount for the Mortgaged Property which is the subject of the Voluntary Disposal.
The Issuer shall ensure that P-N Vik 22 AB is merged into Persikorött Ekonomisk förening and that, following completion of such Merger, Persikorött Ekonomisk förening grants mortgage security over the Marievik 22 Property mortgage certificates in amount not less than the relevant Allocated Loan Amount for the Marievik 22 Property as security for the Marievik 22 Promissory Note.
Upon (a) the sale of a Purchase Contract, (b) the material default of a Seller under a Purchase Contract (which default is not cured within the applicable cure period or waived by the Borrower), and (c) the cancellation of a Purchase Contract with respect to one or more Vessels, the Total Commitment shall be reduced by an amount equal to the Allocated Loan Amount for the Vessel or Vessels to which such Purchase Contract relates.
Any calculation on a pro rata basis with respect to the Allocated Loan Amount for any Financed Property on a Financed Single Plat Development shall be calculated on a pro rata basis with respect to the Allocated Loan Amount for the entire Financed Single Plat Development, without double counting for any other Financed Property located on the same Financed Single Plat Development.
Borrower:Large Loan Lender: • This provision is designed to protect the Lender from fluctuations inthe value of the collateralized properties, by requiring the Borrowerto pay off an inflated percentage of the Allocated Loan Amount for a particular property before that property can be released.