Specified Loans means the revolving loans made by Lenders to the Specified Loan Borrower pursuant to Section 2.3.
Specified Loans means all the Loans of the applicable Class of any Defaulting Lender outstanding at the time the Commitment (or, in the case of any such Loans that are Yen Loans, the Yen Commitment) of such Class of such Defaulting Lender is terminated or reduced pursuant to Section 2.22(b), but only to the extent the aggregate principal amount of such Loans (or such Yen Loans) of such Class exceeds, immediately after giving effect to such termination or reduction, the Commitment (or the Yen Commitment) of such Class of such Defaulting Lender. Any Loan, or any portion thereof, that is a Specified Loan shall continue as a Specified Loan for all purposes hereof notwithstanding an assignment of all or any portion thereof to any Person pursuant to Section 9.04.
Specified Loans means (a) those certain Loans made on December 2, 2019 in the aggregate original principal amount of $5,000,000, (b) if borrowed, those certain Loans made in the Borrowing occurring on or after the Amendment No. 15 Effective Date pursuant to Section 6.05 and (c) if borrowed, those certain Loans made in the Borrowing occurring after the Amendment No. 15 Effective Date pursuant to Section 6.06.
Examples of Specified Loans in a sentence
The agreements in this subsection shall survive repayment of the Specified Loans and all other amounts payable hereunder.
The Borrower shall not make any Restricted Payments other than distributions of (i) amounts paid to it in accordance with Sections 2.7 and 2.8 and (ii) Specified Loans so long as the conditions to a Discretionary Sale would be satisfied both before and after giving effect to such distribution.
The proceeds of such ABR Loans shall be applied to repay such Specified Loans.
The agreements in this subsection shall survive the payment of the Specified Loans and all other amounts payable hereunder.
All representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Specified Loans hereunder.
More Definitions of Specified Loans
Specified Loans means Medallion Loans existing on the Amendment No. 8 Effective Date, and made to borrowers that were organizations dissolved at or before the time when such Medallion Loans were made, if, at the time of reference thereto, the dissolved borrowers have not been reinstated to entity existence with the applicable department of state or secretary of state as if such dissolution had not occurred.
Specified Loans means (i) any loan described in Schedule 6.12 (including any renewals or extensions thereof), and (ii) any future loans or letters of credit issued in connection with the Authorized Business and any future real estate acquisition, development or construction loans each of which is obtained from BankAtlantic, FSB in the ordinary course of and pursuant to the reasonable requirements of the Borrower's business and upon fair and reasonable terms no less favorable to the Borrower than it would obtain in a comparable arm's-length transaction with an institutional lender who is not an Affiliate of Borrower, all documents or instruments executed in connection with any extension of credit to Borrower by BankAtlantic, FSB. The Specified Loans shall not be subordinate to the Loan. Any loan made by BankAtlantic, FSB to Borrower which is not a Specified Loan shall be subordinated to the Loan by a subordination agreement reasonably satisfactory in form and substance to the Bank, executed by Borrower and BankAtlantic, FSB, subordinating in right of payment and claim all Debt owed by Borrower to BankAtlantic, FSB and any future advances thereon to the full and final payment of the Obligations. Upon the written request of Borrower specifying the terms and conditions of any proposed loan, the Bank shall provide written notice to Borrower that the loan in question being made from BankAtlantic, FSB to the Borrower is or is not, in Bank's opinion, required to subordinate to the Loan and setting forth the basis for such opinion if Bank believes that such loan is required to be subordinated to the Loan.
Specified Loans means (a) the promissory notes issued by holders of Company Vested In-The-Money Options prior to the Effective Time to exercise such Company Vested In-The-Money Options at the Closing, and (b) for the purposes of the definition of Current Assets, loans to employees of the Company in St. Lucia, in an amount not in excess of $180,000.
Specified Loans means the loans set forth in Schedule 5.19 of the Company Disclosure Schedules. “Straddle Period” means any taxable period beginning on or before and ending after the Closing Date.
Specified Loans means the Revolving Loans of the Specified Lender as of the Sixth Restatement Date, and any Revolving Loans made by the Specified Lender in respect of its Specified Commitments; provided that the Specified Loans shall not include any (a) Revolving Loans held by any successor or assignee of the Specified Lender or (b) After Acquired Commitments. “Stated Termination Date” means (x) other than with respect to the Specified Commitments and Specified Loans, April 26, 2025 and (y) with respect to the Specified Commitments and Specified Loans, June 27, 2022; provided that this clause (b) shall not apply to the extent there are no longer any Specified Commitments or Specified Loans. “Subordinated Indebtedness” means with respect to the Borrower, any Indebtedness of the Borrower which is by its terms subordinated in right of payment to the Loans. “Subsidiary” means, with respect to any Person, (1) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof; and (2) any partnership, joint venture, limited liability company or similar entity of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited partnership or otherwise, and (y) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity. “Supported QFC” has the meaning assigned to it in Section 9.18.
Specified Loans means (i) an unsecured loan made by the REIT to Xxxxxx X. Xxxxxxx, Xx. in the amount of the full purchase price of 200,000 shares of beneficial interest in the REIT at a purchase price per share equal to the IPO purchase price for the purpose of purchasing such shares; and (ii) a personal unsecured loan made by the REIT to D. Xxx XxXxxxxx, Xx. in the amount of not more than $25,000.
Specified Loans means the Loans specified in the following table: Obligor Outstanding Principal Balance Origination Date Maturity Date B2B Industrial Products, LLC 8,960,000.00 December 6, 2022 October 7, 2026 B2B Industrial Products, LLC 5,540,000.00 December 23, 2022 October 7, 2026 CDM Fitness Holdings, LLC 4,935,191.41 June 17, 2021 June 17, 2026 Javelin Acquisition Vehicle, LLC 19,950,000.00 November 30, 2022 November 3, 2026 North Haven USHC Acquisition, Inc. 16,212,110.10 October 30, 2020 October 30, 2025 Shiftkey, LLC 9,950,000.00 June 21, 2022 June 21, 2027