A&D Loan definition

A&D Loan means the revolving acquisition, development and construction loan made by Lender to Borrower's Affiliates in the maximum principal amount of $45,000,000 pursuant to the terms and conditions of the A&D Loan Agreement.
Sample 1
A&D Loan. The Partnership has arranged a mortgage facility with AmSouth Bank in the maximum principal amount of $7,500,000 (the "AMSOUTH LOAN"). The AmSouth Loan is to be advanced in stages to assist in the financing of development costs of the Partnership Property. The Limited Partners comprising the Great Gulf Group together with certain of their respective affiliated corporations (collectively, the "GREAT GULF AFFILIATES") delivered their guarantees (including postponements of claim) of the AmSouth Loan to AmSouth, true copies of which guarantees have been delivered to the Limited Partners comprising the Allan Group (which guarantees as the same may be amended, modified, xxxplemented or restated from time to time are herein collectively referred to as the "AMSOUTH GUARANTEES"). Each of the Allan Group and the Great Gulf Group will use their best efforts tx xxxse AmSouth to "sever" the AmSouth Loan including the existing security granted in connection therewith and to replace the existing guarantees (referred to above), with guarantees on a several basis as between the Great Gulf Group and the Allan Group on the basis that the Great Gulf Group and the Allan Gxxxx will each provide guarantees acceptable to AmSouth of xxx xequisite guaranteed amount of the AmSouth Loan, in the proportion which the total of the Percentage Interests held by the Limited Partners comprising such Group is of the total Percentage Interests of the Limited Partners. Until such time as AmSouth agrees to restructure the AmSouth Loan and the AmSouth Guarantees, as contemplated above, each of the Limited Partners shall: (a) as between and amongst each other, be liable for the obligations and liabilities arising under any of the AmSouth Guarantees entered into by the Limited Partners comprising the Great Gulf Group, in accordance with the provisions of Section 18.05 as if each of the Limited Partners were jointly and severally liable with each other under each of the said AmSouth Guarantees; and (b) indemnify each of the Great Gulf Affiliates for the obligations and liabilities arising under any of the AmSouth Guarantees entered into by the Great Gulf Affiliates on the same basis as provided for in Section 18.05, as if each of the Limited Partners were jointly and severally liable with each other under each of the said AmSouth Guarantees and each of the Limited Partners will, substantially contemporaneously with its execution and delivery of this Agreement, execute and deliver a written indemnit...
Sample 1
A&D Loan shall be that certain secured, advertising advance loan as described in the Contribution Agreement made and entered into by and between Member BCLLC and Member Bluegreen as of the Effective Date.
Sample 1

Examples of A&D Loan in a sentence

  • To the extent that A&D Loan proceeds disbursed by Lender pursuant to the Allocations set forth in the A&D Budget are insufficient to pay all costs required for the acquisition, development, construction and completion of the A&D Improvements for the Project, Borrower shall pay such excess costs for the A&D Improvements with funds derived from sources other than the specified Project Loan (i.e., Borrower’s own funds or Borrower’s Deposit, as applicable).

  • Under no circumstances shall Lender be required to disburse any proceeds of the Project Loan in excess of the lesser of the (a) A&D Loan Amount, or (b) Project Loan Amount.

  • A&D Loan proceeds disbursed by Lender by journal entry to pay interest or financing costs, and A&D Loan proceeds disbursed directly by Lender to pay costs or expenses required to be paid by Borrower pursuant to this Agreement, shall constitute Advances to Borrower.

  • No Advance (whether interim or final) under the A&D Loan shall be made unless all conditions precedent to such Advance have been satisfied.

  • Borrower’s liability for repayment of the interest on account of the A&D Loan shall be limited to and calculated with respect to the proceeds of the A&D Loan that are actually disbursed to Borrower pursuant to the terms of this Agreement and the Note and only from the date or dates of such disbursements.

  • Notwithstanding the Borrower’s compliance with all of the terms of this Agreement, the Lender may establish requirements and loan terms in connection with such A&D Loan and may decline to make any such A&D Loan during term of this Agreement.

  • Lender shall not be obligated to advance A&D Loan proceeds or Construction Line proceeds if (i) an Event of Default exists hereunder; (ii) Lender has made demand for any payment under the Note which remains unpaid; or (iii) any conditions precedent to such advance set forth in this Loan Agreement has not been satisfied in Lender’s judgment.

  • If for any reason the unpaid principal balance of the A&D Loan exceeds the lesser of the A&D Loan Amount or the Maximum A&D Allowed Advance, then Borrower shall, upon Lender’s demand, immediately reduce the unpaid principal balance of the A&D Loan, or deposit with Lender pursuant to Section 4.6 below sufficient sums to reduce the unpaid principal balance of the A&D Loan to an amount at or below said maximum amount.

  • All sums due and owing under each Project Loan shall be paid in full on or prior to the A&D Loan Maturity Date.

  • Lender shall not be obligated to advance any A&D Loan proceeds after the A&D Loan Funding Termination Date.


More Definitions of A&D Loan

A&D Loan means a loan from Lender to Borrower to finance a specific A&D Project under the A&D Subfacility. Each A&D Loan made under the A&D Subfacility shall be a non-revolving loan, and any sums borrowed and repaid under each A&D Loan shall not be re-advanced by Lender for the subject A&D Project.
Sample 1

Related to A&D Loan

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

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

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • 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”.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Existing Loan means the loan identified on Exhibit H.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Default Loan has the meaning set forth in Section 3.02(b).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Member Loan is defined in Section. 3.03(b).

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

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

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

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Advance has the meaning given in Section 2.1.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.