Mirror Loan definition

Mirror Loan means the loan made on or about the Lion Acquisition Closing Date by the Borrower to Newco in an aggregate amount of approximately $1,420,000,000 (or any other increased amount necessary to consummate the Lion Transactions).
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Mirror Loan means the loan made on or about the Lion Acquisition Closing Date by the Borrower to Newco in an aggregate amount of approximately
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Examples of Mirror Loan in a sentence

  • The interest rate benchmark to which the Group is most exposed on indebtedness is the 6-month Euribor.

  • A separate REMIC election (the “RAB Loan REMIC”) will be made with respect to the Renaissance Aruba Beach Resort & Casino Mortgage Loan, and the Renaissance Aruba Beach Resort & Casino Mirror Loan will represent the three (3) regular interests therein.

  • For the avoidance of all doubt, any portion of the Mirror Loan Transfer (plus interest accruing on the Mirror Loan Transfer since the date of such transfer) remaining in the Distribution Reserve after every Claim in Class 4A that was a Disputed Claim has been resolved by a Final Order or pursuant to the Plan shall be paid to the Indenture Trustee for distribution to the Holders of Allowed Class 2B Senior Secured Note Claims in accordance with the terms of the Senior Note Indenture.

  • After the date of the Mirror Loan Transfer, the holder of the Allowed Mirror Loan Transfer Claim will be deemed to receive its Pro Rata share, with the Holders of AllowedClass 4B Claims, of the net proceeds of any subsequent distributions of the Net Pueblo Liquidation Trust Proceeds.

  • The Mirror Loan Note Claim consists of all claims of NSC (including principal and interest accrued at the non-default rate through thePetition Date) against Pueblo based upon the Mirror Loan Note outstanding as of the Petition Date.

  • Following the date all Holders of Class 4A Claims have been paid 98% of their Allowed Class 4A Claims, all distributions that would otherwise be payable to the Holders of such Claims shall be paid to the Holder of the Allowed Mirror Loan Transfer Claim.

  • That they did not, indicates to me that the term “trade creditor,” as used in the Mirror Loan Note, most likely took its commonplace meaning.9Similarly pertaining to definitions, in arguing that both Pueblo’s goods and non-goods suppliers understood and operated based on the grocery industry definition of “trade creditor,” the Committee references the testimony of Badillo’s employee Raquel Rivera.

  • Pueblo General Unsecured Claims include, without limitation, litigation Claims, the FLBN-Pueblo Allowed Intercompany General Unsecured Claim, PBGC Allowed General Unsecured Claim, ASM Allowed Class 4B Pueblo General Unsecured Claim, employee Claims, pension Claims, any Mirror Loan Transfer Claims, lease rejection Claims filed in accordance with Article VI.P.2 against Pueblo and all other Unsecured Claims (except Pueblo Trade Claims) asserted against Pueblo.

  • On, or as soon as reasonably practicable after the Distribution Date, the Holder of the Allowed Mirror Loan Note Claim shall receive in full satisfaction, settlement, release, and discharge of and in exchange for such Allowed Mirror Loan Note Claim, Cash equal to the amount of the Real Estate Collateral Proceeds.

  • Where reference is made to a clause or section number in a Mirror Loan, this should be understood to refer to the equivalent clause or section if the numbering differs.

Related to Mirror Loan

  • 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.

  • 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;

  • 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”.

  • 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.

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

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

  • Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

  • 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.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Existing Loan means the loan identified on Exhibit H.

  • 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.

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • 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:

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Term Loan as defined in Section 2.1.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • 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.