Exchange Loan definition

Exchange Loan means a loan from the Borrower or a Top Tier Guarantor to FIG Corp. for the purpose of facilitating an exchange by the Principals of equity in the Top Tier Guarantors for equity in Public FIG.
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Exchange Loan is a loan to the EAT, from the Exchange Owner or the Exchange Owner Affiliate, in an amount which, when added to the proceeds of the Loan, will allow the EAT to cause the Borrower to acquire the Mortgaged Property in connection with the Reverse Tax-Deferred Exchange.
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Exchange Loan. With respect to any Permitted Exchange Property, the sum of funds lent by the applicable Taxpayer to the applicable Permitted Exchange Property Owner for the acquisition of such Permitted Exchange Property in connection with the applicable Reverse Exchange, including any additional sums that may be added to the balance of such loan pursuant to the Exchange Loan Documents to fund operations during the duration of the Reverse Exchange.
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Examples of Exchange Loan in a sentence

  • An acceptable updated Environmental Audit Report, together with a reliance letter to Florida Housing, prepared within 90 days of Exchange Loan closing, unless otherwise approved by Florida Housing, and Legal Counsel, based upon the particular circumstances of the transaction.

  • A mortgagee title insurance policy naming Florida Housing as the insured in the amount of the Exchange Loan is to be issued immediately after closing.

  • Signed and sealed survey, dated within 90 days of Exchange Loan closings, unless otherwise approved by Florida Housing, and its Legal Counsel, based upon the particular circumstances of the transaction.

  • Such other assignments, affidavits, certificates, financial statements, closing statements and other documents as may be reasonably requested by Florida Housing or its Legal Counsel in form and substance acceptable to Florida Housing or its Legal Counsel, in connection with the Exchange Loan.

  • Let us note that the quality of the resulting error bound depends heavily on an appropriate choice of q.

  • Acceptance by the Borrower and execution of all documents evidencing and securing the Exchange Loan in form and substance satisfactory to Florida Housing, including, but not limited to, the Promissory Note, the Loan Agreement(s), the Mortgage and Security Agreement, and the Extended Low Income Housing Agreement.

  • Exchange Loan proceeds may be disbursed during the construction/rehabilitation period in an amount per draw based on completed work and the expenditure of costs associated with eligible costs; provided, however, that at least 30% of its total adjusted basis in land and depreciable property that is reasonably expected to be part of the low income housing development is paid or incurred by December 31, 2010.

  • Signed and sealed survey, dated within 90 days of Exchange Loan closing, unless otherwise approved by Florida Housing, and its Legal Counsel, based upon the particular circumstances of the transaction.

  • Title insurance pro-forma or commitment for title insurance with copies of all Schedule B exceptions, in the amount of the Exchange Loan naming FHFC as the insured.

  • The Exchange Loan “debt service” includes the fees owed to FHFC and AmeriNational as Servicer on an annual basis.

Related to Exchange Loan

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Restricted Global Certificate Has the meaning specified in Section 3.01(c).

  • Qualified Securitization Transaction means any transaction or series of transactions that may be entered into by the Company or any of its Restricted Subsidiaries pursuant to which the Company or any of its Restricted Subsidiaries may sell, convey or otherwise transfer to:

  • Restricted Certificated Note means a Certificated Note bearing the Private Placement Legend.

  • Exchange Note means the Closed-End Exchange Note.

  • Rule 144A Global Certificate With respect to any Class of Book-Entry Certificates, a single global Certificate, or multiple global Certificates collectively, registered in the name of the Depository or its nominee, in definitive, fully registered form without interest coupons, each of which Certificates bears a Qualified Institutional Buyer CUSIP number and does not bear a Regulation S Legend.

  • Permitted Debt Exchange Notes shall have the meaning provided in Section 2.15(a).

  • Book-Entry Preferred Security means a Preferred Security, the ownership and transfers of which shall be made through book entries by a Depositary.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Regulation S Global Certificate With respect to any Class of Book-Entry Non-Registered Certificates offered and sold outside of the United States in reliance on Regulation S, a single global Certificate, or multiple global Certificates collectively, in definitive, fully registered form without interest coupon, each of which Certificates bears a Regulation S Legend.

  • Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Non Book-Entry Preferred Securities shall have the meaning set forth in Section 2.4.

  • Rule 144A Global Certificates As defined in Section 5.02(c)(ii) of this Agreement.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Accrual Certificates As specified in the Preliminary Statement.

  • Private Exchange Notes See Section 2(b) hereof.

  • Transfer Restricted Securities means securities that bear or are required to bear the legend set forth in Section 2.06 hereof.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Supplemental Certificate shall have the meaning specified in Section 6.03.

  • Note Certificate means a certificate issued to each Registered Holder in respect of its registered holding of Notes;