Requested Loan definition

Requested Loan means the amount of the Loan requested by Borrower in any Borrowing Notice.
Sample 1Sample 2Sample 3
Requested Loan has the meaning set out in Section 2.25.
Sample 1
Requested Loan. Amount: $_______________ Estimated Closing Date:_________
Sample 1

Examples of Requested Loan in a sentence

  • Immediately upon funding of the Requested Loan, the aggregate principal amount of all Loans then outstanding will be $__________________.

  • The undersigned is faxing this Borrowing Notice to you (i) if the Requested Loan is a Prime Loan, by 12:00 noon (NYC time) on the “Disbursement Date” (as specified below) and (ii) if the Requested Loan is a Libor Loan, by 12:00 noon (NYC time) at least three Banking Days prior to the Disbursement Date.

  • Prior to 11:00 A.M., New York City time, on the Closing Date, the Lender shall make a loan (the “Loan”) to the Borrower by making available to the Borrower by wire transfer immediately available funds in an amount equal to the Requested Loan Amount as set forth in the Loan Request in accordance with the wiring instructions set forth therein; provided, that the terms and conditions for the Loan set forth herein have been satisfied by 11:00 A.M. New York time on the Closing Date.

  • Please book the Requested Loan as follows: Disbursement Date: _________­­________ ___, 20___ Amount: $ Type: ____ LIBOR ____ Prime LIBOR Period (if applicable): ____ 1 month ____ 2 months ____ 3 months Disbursement Instructions: The proceeds of the Requested Loan shall be used for working capital purposes.

  • On any Interest Payment Date, where the Outstanding Principal is greater than U.S.$ [redacted], then the Borrowers shall prepay interest and fees on all outstanding Loans in accordance with the foregoing provisions, as if a Borrower had requested a further Requested Loan, and the foregoing provisions shall apply to all outstanding Loans on such Interest Payment Date, mutatis mutandis.

  • Solely for the purpose of this subparagraph, Canadian Prime Rate Loans and U.S. Base Rate Loans which are either Requested Loans or are currently outstanding Loans will be treated as if they were Libor Loans with an Interest Period of one month and with an interest rate equal to the Canadian Prime Rate or U.S. Base Rate, as applicable, on the Requested Loan Advance Date.

  • Please notify _____________ of the Company when the Bank has received a confirmation number for the wiring of the proceeds of the Requested Loan.

  • The Borrower has satisfied all of the preconditions to the making of the Requested Loan set forth in the Agreement and the Loan Documents.

  • Any other Transfer or attempted Transfer (whether by operation of Applicable Law or otherwise) shall be null and void.

  • The Borrower hereby requests that a Revolving Loan be made in the aggregate principal amount of $________ on ___________, 19__ (the "Requested Loan Date") as a [Base Rate Loan] [Eurodollar Rate Loan having an Interest Period of _____ months].

Related to Requested Loan

  • Corrected Loan Any Serviced Loan that had been a Specially Serviced Loan but has ceased to be such in accordance with the definition of “Specially Serviced Loan” (other than by reason of a Liquidation Event occurring in respect of such Serviced Loan or a related Mortgaged Property becoming an REO Property).

  • Affected Loan has the meaning specified in Section 3.04.

  • Permitted Loan means any bona fide loan or other extension of credit entered into by a Series A Preferred Unitholder or any of its Affiliates with one or more financial institutions and secured by a pledge, hypothecation or other grant of security interest in Series A Preferred Units, Series A Conversion Units, Common Units, or other assets.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

  • Committed Loan has the meaning specified in Section 2.01.

  • 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.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

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

  • Committed Loan Notice means a notice of (a) a Committed Borrowing, (b) a conversion of Committed Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Permitted Loans means:

  • Affected Loans has the meaning assigned such term in Section 5.05.

  • Committed Loans means loans made pursuant to Section 2.1(a).

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

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

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • 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.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Impacted Loans has the meaning specified in Section 3.03.