Bank Loan definition

Bank Loan means a debt obligation customarily referred to as a “bank loan” other than (a) a security (as defined in the Securities Act), and (b) any participation or sub-participation in a debt obligation.

Bank Loan has the meaning specified in Annex C.

Bank Loan has the meaning set forth in Section 1(d)(i).

Examples of Bank Loan in a sentence

• If any Series 2022A Bonds are in a Bank Loan Mode or an Index Mode and the Applicable Spread is dependent on any rating assigned to debt of the Borrower and the Members of the Obligated Group or any of them, or debt secured by any such debt, the Borrower shall give prompt notice of any change in such rating to the Calculation Agent and the Bond Trustee.

• Any amount of principal of a Bank Loan prepaid shall be applied to reduce the installments of principal due and payable hereunder with respect to such Bank Loan pro rata.

• When no Series 2022A Bond is in the Bank Loan Mode or no Bank Series 2022A Loan Agreement is in effect, the provisions of this Series 2022A Loan Agreement providing for notices to or other rights of the Bank Representative shall be of no force or effect.

• The Bank agrees, on the terms and conditions hereinafter set forth, including the conditions set forth in Section 4.03 hereof, to make a Bank Loan to the City on each Conversion Date in an amount equal to the outstanding principal amount of the related Advance that matures on such Conversion Date; provided, however, that the aggregate outstanding principal amount of all Loans shall at no time exceed the amount of the Commitment.

• Subject to the satisfaction of the terms and conditions of Section 4.03 hereof, on each Conversion Date any unpaid principal amount of an Advance on such Conversion Date shall automatically convert into a Bank Loan and the proceeds of such Bank Loan shall be used to pay in full the related Advance.

More Definitions of Bank Loan

Bank Loan has the meaning assigned to such term in Section 5.13.

Bank Loan means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) that are generally provided under a syndicated loan or credit facility or pursuant to any loan agreement or other similar credit facility, whether or not syndicated.

Bank Loan means the amount of each Drawing which has been converted into a term loan in accordance with the provisions of Section 2.8(a) hereof.

Bank Loan means any loan made by a bank or other financial institution to an obligor. A participation in any loan will not be a Bank Loan. For the avoidance of doubt, a bond or security will not be a Bank Loan.

Bank Loan means that Loan Advance and Security Agreement between Bank, the Debtors, Pace Development, and Pace Food executed March 27, 2020.

Bank Loan means each term loan made by the Bank to the City pursuant to Section 2.01(c) hereof on a Conversion Date.

Bank Loan means a loan made by a bank by way of fluctuating overdraft or otherwise;