Secured Loan definition

Secured Loan has the meaning specified in Section 2(e) hereof.

Secured Loan means a financial obligation secured by a chattel mortgage, security agreement, or other instrument creating a lien on an interest in depreciable property.

Secured Loan means an agreement, irrespective of its form but not including an instalment agreement, in terms of which a person-

Examples of Secured Loan in a sentence

• If, pursuant to the terms of Project Secured Loan Documents, the lender is entitled to require the use of the Insurance Proceeds to prepay all or any portion of the principal balance of the Project Secured Loan, then, for so long as the Project Secured Loan Documents remain in effect, Owner: (i) shall maintain Additional Coverage Insurance; and (ii) shall not change or cancel the Additional Coverage Insurance without prior written notice to RDC at least 30 days in advance.

• Share Secured Loan APR is fixed to equal the sum of BECU’s regular saving account dividend rate on the date your loan is approved, plus a 3% margin.

• If there is Casualty Damage, then the proceeds of the Business Interruption Insurance: (i) shall be used to pay Real Estate Taxes and any Taxpayer Payments during the period in which Owner is repairing, restoring, and/or replacing the Property following Casualty Damage; and (ii) shall not be used to prepay all or any portion of the principal balance of any Project Secured Loan.

• If there is Casualty Damage, then the Insurance Proceeds: (i) shall be used to pay the cost to repair, restore, and/or replace the Property; and (ii) shall not be used to prepay all or any portion of the principal balance of any Project Secured Loan; provided that the foregoing limitation on the use of the Insurance Proceeds shall not apply with respect to the Additional Coverage Insurance, the proceeds of which shall be used as set forth in Subsection 5(d).

• CD Secured Loan amounts up to balance of CD, term up to maturity date of CD.

More Definitions of Secured Loan

Secured Loan means and includes: (i) any indebtedness secured by a Mortgage encumbering the Hotel or all or any part of TRS’s interest therein; and (ii) all amendments, modifications, supplements, and extensions of any such Mortgage.

Secured Loan means a loan or extension of credit, the repayment of which is secured by a mortgage, a trust deed, the holding or retention of legal title under a real estate sales contract, or other security interest in real property, whether or not the security interest is perfected.

Secured Loan means any loan made by the Secured Party to the Trust and/or Lessor secured by a mortgage, lien, or collateral assignment against the Cypress Permit, the Cypress Premises or Improvements or the Personal Property, in whole or in part, from time to time as said Secured Loan is amended, extended, renewed, supplemented and/or replaced from time to time.

Secured Loan means that certain loan pursuant to the MCA Security Agreement, as amended, that provided for multiple secured notes issued by the Secured Parties, as set forth in paragraphs 19 and 20 of the First Day Declaration.

Secured Loan means a loan held by a Secured Lender which is Secured by a Property.

Secured Loan means any loan made by the Lender under the Secured Facility pursuant to Section 2.01(b).

Secured Loan means a direct loan or other debt obligation (including a note, bond, debenture, and sale or lease financing arrangement) issued by a borrower funded by the Secretary in connection with the financing of a project under 33 U.S.C. 3908.