Allocable Loan Amount definition

Allocable Loan Amount means the portion of the Term Loan allocated to a particular Mortgaged Property by Lender in accordance with the Agreement. The initial Allocable Loan Amount for each of the Initial Mortgaged Properties is as set forth in Exhibit A to the Agreement.

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Allocable Loan Amount means the portion of the Loans secured by a Collateral Pool allocated to a particular Mortgaged Property by Lender in accordance with the Agreement.

Allocable Loan Amount means the pro rata allocation of the entire Loan amount to each Building or Property, as applicable, as currently set forth onExhibit A attached to this Agreement, as such allocation may be reduced by any amortization of such Allocable Loan Amount.

Examples of Allocable Loan Amount in a sentence

Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.04(b).
On the Initial Closing Date, Lender shall determine (i) the Allocable Loan Amount and Valuation for each Initial Mortgaged Property, and (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio.
Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.01(b).
Notwithstanding anything contained in this Guaranty or any of the Loan Documents to the contrary, this Guaranty shall terminate and be of no further force or effect upon the earlier to occur of (i) payment to Lender by Guarantor of the "Allocable Loan Amount" (as hereinafter defined) and (ii) any termination of the Assignment of Interests either pursuant to the terms thereof or by mutual agreement of Borrower and Lender provided that no "Triggering Event" (as hereinafter defined) has occurred.
In the case of any prepayment made in accordance with Section 3.03(a), the Company may designate one or more Aircraft for which the Allocable Loan Amount attributable thereof shall be reduced by the amount so designated.
On the Effective Date, ▇▇▇▇▇▇ ▇▇▇ has determined (i) the Allocable Loan Amount and Valuation for each Initial Mortgaged Property, (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio for each Collateral Pool, and (iii) the Loan Amount supported by such Collateral Pool.
Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio, and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.05(b).
To the extent (i) there is no existing Event of Default, or (ii) the proceeds do not exceed ten percent (10%) of the Allocable Loan Amount or $750,000.00, whichever is less, then Borrower may make proof of loss, adjust and compromise any claims without Fannie Mae’s consent and use such proceeds to restore or repair the Mortgaged Property subject to the conditions set forth in Section 6.28(f) hereof, and retain any remaining proceeds for its own account.
Changes in Allocable Loan Amount, Valuations, the Aggregate NOI Debt Service Coverage Ratio, the Aggregate Lease Payment Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.01(b).
If an Event of Default is continuing or such Insured Casualty shall exceed 15% of the Allocable Loan Amount for the affected Property, Lender may settle and adjust any claim without the consent of Borrower and agree with the insurance company or companies on the amount to be paid on the loss.

More Definitions of Allocable Loan Amount

Allocable Loan Amount means the pro rata allocation of the entire Loan amount to each Building or Property, as applicable, as currently set forth on Exhibit A attached to this Agreement, as such allocation may be reduced by any amortization of such Allocable Loan Amount.

Allocable Loan Amount means, with respect to each Property, the amount set forth on Exhibit A.

Allocable Loan Amount means, with respect to any Facility, that portion of the original principal amount of the Loan Facility (as defined in Section 1.28) that has been allocated to such Facility as indicated on Schedule 3.2 hereto.

Allocable Loan Amount means, with respect to any Aircraft, an amount equal to (a) the Appraised Value of such Aircraft divided by the aggregate Appraised Value of all Aircraft multiplied by $600,000,000 less (b) the aggregate amount of all repayments and prepayments of the Loans reducing the Allocable Loan Amount with respect to such Aircraft in accordance with the terms hereof.