Chase Loan definition

Chase Loan means the revolving line of credit extended by Chase to Pledgor pursuant and subject to the Chase Note, the Chase Loan Agreement and the other Chase Loan Documents.
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Chase Loan means that certain $20,000,000 line of credit from JPMorgan Chase Bank, N.A. to Borrower, Echo/Bestway, Echo/TMG, Echo/RT and Echo/FMI, evidenced by the Chase Loan Documents, dated as of August 26, 2009, as amended.
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Chase Loan means the outstanding principal balance of the funds advanced by Chase to BFC, as evidenced by the Chase Note.
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Examples of Chase Loan in a sentence

  • The Borrower Parties shall not directly or indirectly create, incur, assume, guarantee, or otherwise become or remain liable with respect to any Debt other than the Advances, indebtedness existing as of the date hereof as described on Schedule 3.05(b) hereto, capitalized leases obligations in an amount not to exceed $250,000 per annum at any time outstanding, and indebtedness to Chase for up to an aggregate principal amount of $3,750,000 pursuant to the Chase Loan Agreements, if any.

  • The Advances are subordinated to the credit facilities provided by Chase pursuant to the Chase Loan Agreements as set forth herein, in the Security, Pledge and Guarantee Agreement and in the Subordination Agreement.

  • For good and valuable consideration, I hereby agree to do either of the following, at my option, if demand is made on the Company by Fleet and/or Chase with respect to the Fleet Loan and/or the Chase Loan prior to the earlier of (i) the net proceeds disbursed pursuant to the Company's initial public offering (the "IPO") equal or exceed $5,100,000.00 or (ii) the closing of a subsequent debt financing negotiated by Lilly Beter Capital Group ("LBCG").

  • Bank One Trust Company, N.A. Contact: Xxxxxx Xxxxxxx Custodian No. 0000 Xxxxxx Xxxx (000) 000-0000 phone GNMA 131 Xxxxxx, Xxxxxxxxx 00000 (000) 000-0000 fax FHLMC 1000153 Attn: Initial Certification Department (or Recertification Department) FNMA 20000256647 Package files in pool number order with Chase Loan Number and Correspondent Seller Loan Number on Folder Tab Label.

  • All notices required or permitted hereunder shall be made in the manner required or permitted by the Uniform Commercial Code and otherwise in accordance with the terms and at the addresses set forth in the Chase Loan Agreement and the Chase Guaranty.

  • It is anticipated that the Chase Lender’s Consent shall also contain an enumeration of all outstanding principal, interest and other amounts due under the Chase Loan Documents and of the amounts held in escrow or on reserve by the Chase Lender, calculated as of the time of delivering such consent.

  • Adjustment reflects the assumption by Smith & Nephew of the Chase Loan, a liability of DermEquip LLC.

  • The Borrower shall have delivered to the Bank evidence satisfactory to the Bank that the execution, delivery, and performance of this Amendment does not violate any of the Chase Loan Documents or that Chase has waived any such violation.

  • An event of default shall have occurred under the Chase Loan Facility and any other agreements or loan documents executed in connection therewith.

  • All notices or demands by any party hereto shall be in writing and shall be sent as provided in the Chase Loan Agreement.


More Definitions of Chase Loan

Chase Loan means that certain revolving line of credit in the maximum principal amount of up to EIGHTEEN MILLION AND NO/100 DOLLARS ($18,000,000.00).
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Chase Loan means that certain revolving line of credit in the maximum principal amount of up to EIGHTEEN MILLION AND NO/100 DOLLARS ($18,000,000.00). “Chase Loan Documents” means any agreements, documents, instruments or guaranties, now or hereafter governing, evidencing, guarantying or securing the obligations ofBorrower with respect to the Chase Loan, as such agreements, documents, instruments and guaranties may be amended, modified, extended, renewed, or supplemented from time to time.
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Chase Loan has the meaning set forth in SECTION 4.5(b) hereof.
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Chase Loan shall have the meaning set forth in Section 3.1(d).
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Related to Chase Loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Delinquent Loan A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Monthly Payments or Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any Grace Period.

  • Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.

  • Whole Loan As defined in the Introductory Statement.

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • 60+ Day Delinquent Loan Each Mortgage Loan (including each Mortgage Loan in foreclosure and each Mortgage Loan for which the Mortgagor has filed for bankruptcy after the Closing Date) with respect to which any portion of a Monthly Payment is, as of the last day of the prior Collection Period, two months or more past due and each Mortgage Loan relating to an REO Property.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • PPP Loan has the meaning set forth in Section 3.28.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.