Examples of Affiliate Loans in a sentence
The Affiliate Loans will be subordinate to the Loan; the loan documents for the Affiliate Loans will be subject to the reasonable review and approval of the FCRHA.
The Affiliates will market and sell Affiliate Real Estate to the extent necessary to satisfy (i) the Truist Loans as provided in the Plan and the Plan Support Agreement, and (ii) the Affiliate Loans consistent with the terms thereof.
The Loan will, following the Subordinate Refinancing, be subordinate only to the CDFI loan(s) and not to the Affiliate Loans (anticipated to be in third priority, behind the CDFI loan and the Loan) or any other loans.
Prior years’ loans to the operating account (from the partners or a Minnesota Housing approved source) are to be reported on Line 110, Prior Years Affiliate Loans & Notes (Short Term).
If, in the example provided in the immediately preceding sentence, there were $2 million of Affiliate Loans outstanding, the Fair Market Value of all outstanding Ordinary JV Interests would have equaled $18 million rather than $20 million (i.e. the value would equal the value of the Glad Local Business based on the relevant purchase price paid minus the outstanding amount of Affiliate Loans).