Group Loan definition

Group Loan means a loan given to an individual within a group and which is jointly guaranteed by all the members of that particular group;
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Group Loan means any loan granted (or to be granted) by a Group Company to a HoldCo Group Company (provided, such loan shall, to the extent permitted by applicable law, become subordinated if an Event of Default occurs and is continuing).
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Group Loan means any loan granted (or to be granted) by a Group Company to an Issuer Group Company. Group Loans shall be fully subordinated (including with a maturity date falling after repayment of the Bond Issue and no payment of principal) to all amounts owed under the Bond Issue pursuant to a subordination and turnover agreement acceptable to the Bond Trustee, provided that interest on Group Loans may be paid subject to the interest rate being on marketable terms and no Event of Default being outstanding). All Group Loans granted to any of the Obligors shall be assigned on a first priority basis in favour of the Bond Trustee (on behalf of the Bondholders) as security for the obligations under the Finance Documents. For the avoidance of doubt, no Issuer Group Company may grant loans to a Group Company outside of the Issuer Group.
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Examples of Group Loan in a sentence

  • For other Loan variants of Group Loan segment, the Interest shall be calculated on actual number of days taken as 365 (Three Hundred and Sixty Five) a year in non-leap year, and 366 (Three Hundred and Sixty Six) days in leap year, and in case the tenure of the Loan is spread over a non-leap and a leap year, the Interest is calculated by reckoning 365 (Three Hundred and Sixty Five) days in non-leap year and 366 (Three Hundred and Sixty Six) days in a leap year.

  • The rate of Interest will be benchmarked to EBLR for Loan variant under Emergency Credit Line Guarantee Scheme (“ECLGS”), and MCLR for other Loan variants of Group Loan segment.

  • Loan Group: Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 or Loan Group 5, as applicable.

  • Facsimile: (000) 000-0000 With a copy to: Massachusetts Mutual Life Insurance Company c/o Cornerstone Real Estate Advisers LLC Xxx Xxxxxxxxx Xxxxx Xxxxxxxx, Xxxxxxxxxxx 00000 Attention: Finance Group Loan Servicing Loan NO.

  • The accumulated Deferral Amount will be repaid by the Company at such time when the Company begins making repayment of the loan made under the Kalfa Group Loan Agreement between the Company, Xxxxx Xxxxx and Xxxxxx Xxxxx of even date herewith (the “Loan”).

  • The Sponsor agrees that it will not at any time contest by judicial proceeding the validity, perfection, priority or enforceability of the Bank Group Lien or the Bank Group Loan Documents or the enforceability of this Agreement.

  • In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of the Sponsor Loan Documents or the Bank Group Loan Documents, the provisions of this Agreement shall control.

  • Loan Group: Loan Group 1, Loan Group 2, Loan Group 3 or Loan Group 4, as applicable.

  • The loan guaranty program and funds will be administered per the Urbana Development Group Loan Guaranty Program Guidelines, a copy of which is attached hereto as Exhibit A.

  • Xxxxx, City Clerk (secretary) DEPARTMENT OF COMMUNITY DEVELOPMENT SERVICES‌ Economic Development Division Urbana Development Group Loan Guaranty Program Guidelines‌ The City of Urbana has engaged in many activities related to neighborhood preservation and stabilization.


More Definitions of Group Loan

Group Loan means an Intercompany Loan provided to a member of the Issuer Group by a member of the Guarantor Group which is not a member of the Issuer Group.
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Group Loan as used herein, shall mean any Indebtedness under a loan by one member of the Parent Group to another member of the Parent Group.
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Group Loan means a loan made by any entity within the Group to another entity within the Group. Hazardous Material means any element or substance, whether natural or artificial, and whether consisting of gas, liquid, solid or vapour, whether on its own or in any combination with any other element or substance or radiation, which is listed, identified, defined or determined by any Environmental Law or other Applicable Law as hazardous, harmful, a contamination or waste and/or capable of being or becoming harmful to mankind or any living organism or damaging to the Environment, including, without limitation, oil (as defined in the United States Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, and the Oil Pollution Act of 1990, as amended). Hedged Portion means, from time to time, the principal amount of any outstanding Loans the interest on which has been hedged by the Owner with a Swap Bank under and in accordance with the terms of any Swap Agreement.
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Group Loan means any loan granted (or to be granted) by the Issuer or another Group Company to a Restricted Group Company, being fully subordinated (to the extent permitted by applicable law) in right of payment to the Obligors’ obligations under the Finance Documents upon the occurrence of an Event of Default which is continuing and, in respect of Group Loans
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Related to Group Loan

  • 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.

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

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

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

  • 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”.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • 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.

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • 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:

  • 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.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Loan Group 3 The Group 3 Mortgage Loans.