First Loan definition

First Loan means the HUD-insured loan in the original principal amount of $_______, made by First Lender to Landlord, secured by the Healthcare Facility, as such Loan may be amended, increased or decreased.

First Loan has the meaning set forth in Section 2.3 of the Loan Agreement.

First Loan means the principal amount borrowed by the Borrowers from the First Banks under the First Loan Agreement or (as the context may require) the amount thereof at any time outstanding;

Examples of First Loan in a sentence

• The amount then owing under the Second Note shall become immediately due and payable: (i) upon the sale, disposition or transfer of the Property by the Borrower, or (ii) upon the payment in full or refinancing of the First Loan, or (iii) upon an Event of Default hereunder.

• This loan is unsecured and carries the same terms and conditions as the First Loan.

• The SBA also posted an interim final rule on May 22, 2020 on SBA loan review procedures and related borrower and lender responsibilities (85 FR 33010) (First Loan Review Rule).

• In the event that the Resumption is approved by the Stock Exchange (whether conditionally or unconditionally), then the Retained Subsidiaries will remain in the Retained Group as subsidiaries of the Company immediately after the First Loan Conversion and the Subscription.

• The Company has issued to Oroco two promissory notes in replacement of the First Loan.

More Definitions of First Loan

First Loan shall have the meaning set forth in Section 6.1.1.

First Loan means the loan by an Institutional Lender to theParticipant as provided under the First Note provided under Section 201.2 of this Agreement.

First Loan means the amount of R125 106 116 (one hundred and twenty five million and one hundred and six thousand and one hundred and sixteen Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which entire amount has been drawn down by the Borrower and is still outstanding;

First Loan a loan in the principal amount of HK$10,000,000 granted by the Lender to the First Borrower under the First Loan Agreement

First Loan the mortgage loan in the principal amount of HK$7,000,000 granted by Legend Credit to the Borrower pursuant to the First Agreement and as amended and supplemented by the Supplemental Agreement A

First Loan the loan in the principal amount of RMB54,000,000 (equivalent to approximately HK$67,500,000) provided by Shanghai SAC to Shanghai Building Material, details of which were disclosed in the announcement of the Company dated 23 May 2014 “First Loan Documents” the loan agreement（ 借 款 合 同 ）dated 23 May 2014 entered into between Shanghai SAC and Shanghai Building Material, and the entrusted loan agreement（ 委託貸款合同）dated 23 May 2014 entered into between Shanghai SAC, a bank and Shanghai Building Material, in relation to the First Loan, details of which were disclosed in the announcement of the Company dated 23 May 2014 “First Extension Framework Agreement” “Fourth Extension Framework Agreement” the loan agreement（ 借款合同）dated 22 May 2015 entered into between Shanghai SAC and Shanghai Building Material pursuant to which the parties agreed to extend the term of each of the First Loan and the Second Loan the loan agreement（ 借 款 合 同 ）dated 24 April 2018 entered into between Shanghai SAC and Shanghai Building Material pursuant to which the parties have agreed to extend the term of each of the Loans

First Loan means the first Loan made to the Borrower under the Facility.