Secured Loans. In connection with financing provided, invested in, participated in or purchased by the Trust, all of the notes, deeds of trust, security interests or other evidences of indebtedness or obligations, which are secured or collateralized by Real Property owned by the borrowers under such notes, deeds of trust, security interests or other evidences of indebtedness or obligations or pledges of equity interests in entities owning Real Property.
Secured Loans. To the extent applicable, the Servicer’s duties described above in this Section 1.A.(b) shall include the Secured Loans.
Secured Loans. If a Person that was not previously a party to this Agreement extends any such Additional Loan, it will be required to be made a party to this Agreement by executing the amendment reflecting the terms of such Additional Loans and adding such Person as a Lender. The terms of such Additional Loans must be identical to the terms of the Initial Loans except that the interest due on Additional Loans will accrue from the date such Additional Loan is made and Additional Loans may have a different interest rate than the Initial Loans; provided that the spread over the Reference Rate of any such Additional Loan will not be greater than the spread over the Reference Rate applicable to the Initial Loans. This Agreement will be amended to reflect the terms of any Additional Loans in accordance with Section 7.11(b).
Secured Loans. 2 2.1 Making of Loans and Issuance of Equipment Notes.............. 2 2.2 Payments..................................................... 3
Secured Loans. Subject to the terms and conditions set forth herein (including the conditions set forth in Sections 3.1 and 3.2), the Lender shall make advances (each an “Advance”) to the Borrower, from time to time from and after the Closing Date, as the Borrower may request in writing, which shall be deposited into the Securities Account, and the Lender will record such Advance on Schedule C hereto promptly upon the funding of such Advance. Once funded, each Advance shall form part of the Tranche A Term Loan or the Tranche B Term Loan as indicated on Schedule C hereto.
Secured Loans. The Borrower’s obligations in connection with the Loan Limit Advances will be secured by the grant by the Borrower of all of the Borrower’s right, title and interest in and to the Collateral, in each case, pursuant to the Loan Documents.
Secured Loans. The obligation of each Lender to make a Secured Loan on the occasion of any Borrowing is subject to the conditions that the Security Agreement and the Control Agreement shall be in full force and effect, and the Collateral Requirement shall be satisfied after giving effect to such Secured Loans.
Secured Loans. The Lenders hereby agree that:
(i) 60% of the aggregate principal amount of the Secured Loans made by the Lenders to a single Investee shall be made by, and shall be repayable by the Investee to TD, and 40% of the aggregate principal amount of Secured Loans made by the Lenders to a single Investee shall be made by, and shall be repayable by the Investee to Sirrom (regardless of whether such principal repayment is made before, after or upon scheduled maturity, or before or after default, or through a realization on any Secured Loan Security or other enforcement of the Investment Agreements governing the Secured Loans made to the Investee or the Secured Loan Security therefor or otherwise, or as a Loan Recovery Amount); and
(ii) notwithstanding that an Investee to whom Secured Loans are made will be required by the relevant Investment Agreements to pay interest on the aggregate principal amount of the Secured Loans to such Investee outstanding during a particular period, calculated at a single rate (the "Investee Rate") for such period:
(A) the effective rate of interest which TD shall be entitled to receive on the principal amount of the Secured Loan made by TD to that particular Investee outstanding during such period shall be the result obtained by multiplying 58/60 by the Investee Rate; and
(B) the effective rate of interest which Sirrom shall be entitled to receive on the principal amount of the Secured Loan made by Sirrom to that particular Investee outstanding during such relevant period shall be the result obtained when the amount of interest payable to TD for such period, calculated as provided in paragraph 5.1(a)(ii)(A), is subtracted from the total amount of interest payable by the Investee pursuant to the Investment Agreements on the total aggregate principal amount of all Secured Loans to that Investee outstanding during such period, and the result is divided by the principal amount of the Secured Loan made by Sirrom to such Investee outstanding during such period. Each dollar of principal or interest, as the case may be, paid by an Investee (or out of the assets of an Investee or any other Person) on account of Secured Loans made to such Investee by the Lenders shall be deemed to be a payment made to TD and Sirrom, on account of the outstanding principal amount of their respective Secured Loans, or interest thereon, as the case may be, in the proportions set forth in paragraphs (i) or (ii) above, as applicable, and shall be distributed forthwit...
Secured Loans. The full amount of this Note is secured by the Collateral identified and described as security therefor in the Security Agreement executed by and delivered by Borrower to Agent on behalf of Banks and by the Pledged Collateral identified and described in the Guaranty and Pledge Agreement executed and delivered by TGH to Agent on behalf of Banks. Borrower shall not, directly or indirectly, suffer or permit to be created or to remain, and shall promptly discharge, any security interest, Lien, charge or encumbrance on or in the Collateral or the Pledged Collateral, or in any portion thereof, except as permitted by the Credit Agreement or the other Loan Documents, and shall not suffer any other matter whereby the interest of Bank in the Collateral or the Pledged Collateral might be impaired.
Secured Loans. Article VIII of the Series G Purchase Agreement is hereby amended as follows:
(a) Section 8.2 of Article VIII is hereby amended by adding the following clause to the beginning of the first sentence thereof: "Except for any security interest in the Collateral with respect to Secured Loans or Fourth Amendment Advancements,".
(b) Section 8.12 of Article VIII is hereby amended by deleting clause (iii) in its entirety and replacing it with the following:
