Senior Lender Loan definition

Senior Lender Loan means the Forty-Nine Million Three Hundred Thousand and 00/100 Dollars ($49,300,000.00) loan from the Senior Lender to the Borrower pursuant to the terms of the Senior Lender Loan Documents.
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Senior Lender Loan means any purchase money loan that is secured by a deed of trust senior to the Deed of Trust, other than the City of Gilroy First-Time Homebuyer Deed of Trust.
Sample 1
Senior Lender Loan means the loans in the aggregate maximum principal amount of $3,500,000 by the Senior Lender to the Company pursuant to the Senior Lender Loan Documents.
Sample 1

Examples of Senior Lender Loan in a sentence

  • The term of this Agreement shall commence on the date hereof and shall continue until the earliest to occur of the following events: (a) the repayment in full of either the Senior Lender Loan or the Authority Loan or (b) the transfer of title to the Development either pursuant to a foreclosure of a mortgage recorded against the Development or a deed in-lieu-of foreclosure.

  • The Owner has agreed to comply with all the provisions of this Agreement and with the provisions of the documents regulating the Owner’s Senior Lender Loan.

  • Borrower covenants and agrees that it shall not incur any debt, secured or unsecured, direct or contingent (including guaranteeing any obligation), other than the (a) AHIF Loan, (b) Senior Lender Loan, (c) VHDA Gap Loan, (d) Subordinate Lender Loan, and (e) advances or trade debt or accrued expenses incurred in the ordinary course of business of operating the Property.

  • Borrower covenants and agrees that it shall not incur any debt, secured or unsecured, direct or contingent (including guaranteeing any obligation), other than the (a) County Loan, (b) Senior Lender Loan, (c) Subordinate Candeur Loan, and (d) advances or trade debt or accrued expenses incurred in the ordinary course of business of operating the Property.

  • Except as expressly permitted in this Agreement or by the Senior Lender Loan Documents, the Borrower represents that it has not made or created, and covenants and agrees that it will not make or create or suffer to be made or created, any Transfer, either voluntarily or by operation of law, without the prior written approval of the County Board.

  • The Borrower shall submit to the County Manager or his written designee the same requisition package that the Borrower submits for disbursements under the VHDA Gap Loan and Senior Lender Loan.

  • Borrower covenants and agrees that it shall not incur any debt, secured or unsecured, direct or contingent (including guaranteeing any obligation), other than the (a) AHIF Loan, (b) Senior Lender Loan, and (c) advances or trade debt or accrued expenses incurred in the ordinary course of business of operating the Property.

  • Other than the liens or encumbrances related to the Senior Lender Loan, there shall be filed any claim of lien against the Property of any part thereof, or any interest or right made appurtenant thereto, and the continued maintenance of said claim of lien or notice to withhold for a period of twenty (20) days without discharge, bonding or satisfaction thereof or provision therefor satisfactory to the County Board.

  • Borrower’s obligation to repay the County Loans, as evidenced by the Amended and Restated County Notes, is secured by the Amended and Restated County Deed of Trust which is recorded as a lien against the Property, junior in lien priority only to the deed of trust securing the Senior Lender Loan.


More Definitions of Senior Lender Loan

Senior Lender Loan means the first-priority lien permanent loan in the aggregate principal amount of Six Million Five Hundred Thirty Thousand and 00/100 Dollars ($6,530,000.00) loan from the Senior Lender to the Borrower pursuant to the terms of the Senior Lender Loan Documents.
Sample 1
Senior Lender Loan means that certain senior loan extended by the Senior Lender to Tenant in the original principal amount of Nine Million Nine Hundred Fifty Thousand and 00/100 Dollars ($9,950,000.00), as the same may be amended from time to time.
Sample 1
Senior Lender Loan means that certain senior loan extended by the Senior Lender to Tenant in the original principal amount of Nine Million Nine Hundred Fifty Thousand and 00/100 Dollars ($9,950,000.00), as the same may be amended from time to time.
Sample 1

Related to Senior Lender Loan

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Senior Lender means each holder of a Senior Note.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • 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.

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

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Second Lien Loan Documents means the “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Subordinated Loan Agreement means a binding agreement with a Subordinated Debt Provider providing unsecured debt financing for the benefit of the Energy Complex and on terms and conditions that shall satisfy the requirements of the Financing Documents.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Subordinated Loan Documents means the Subordinated Credit Agreement, the promissory notes executed and delivered pursuant to the Subordinated Credit Agreement, and each other agreement, instrument, or document executed by the Borrower or any of its Subsidiaries or any of their Responsible Officers in connection with the Subordinated Credit Agreement.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to the Borrower Loan Agreement in the aggregate principal amount of the Borrower Loan Amount, as evidenced by the Borrower Notes.