AR Loan Obligations definition

AR Loan Obligations means the AR Loan and all other indebtedness, liabilities and obligations owing to AR Lender under the AR Loan Documents (including without limitation any Over-line Advances and/or Allowable Over-Advances, as permitted pursuant to Section 2.7, and Protective Advances), provided, however, that notwithstanding anything to the contrary set forth in the AR Loan Documents, “AR Loan Obligations” shall exclude any and all indebtedness, liabilities and obligations that are not directly related to the benefit of the Facilities or the Other Facilities, or the financing thereof. Notwithstanding the foregoing, the AR Loan Obligations shall also include the following: [insert any specific obligation requested by AR Lender and approved by ORCF, provided such inclusion is consistent with HUD Program Obligations or a waiver of such HUD Program Obligations has been obtained]. Notwithstanding anything to the contrary in the AR Loan Documents or this Agreement, this Agreement shall not be deemed an “AR Loan Obligation.”
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AR Loan Obligations. Notwithstanding anything to the contrary in the AR Loan Documents, only the following obligations shall be secured by AR’s Lender’s liens and/or security interest in the Accounts, Deposit Accounts, or the FHA Lender Priority Collateral (collectively, the “Project Collateral”): (i) the outstanding principal amount of the AR Loan, including amounts of any letters of credit contemplated by the AR Loan Documents, up to the Maximum Commitment Amount; (ii) Protective Advances; (iii) fees associated with the financing that are set forth in the AR Loan Documents; (iv) out of pocket fees and expenses incurred by AR Lender in the administration and enforcement of the AR Loan Documents; and (v) interest on the amounts set forth in clauses (i) – (iv), except to the extent any default interest exceeds limits provided, if any, in Program Obligations. Notwithstanding anything to the contrary in the AR Loan Documents or this Intercreditor Agreement, this Intercreditor Agreement shall not be deemed an “AR Loan Obligation” or “Priority Obligation.” For purposes of this Agreement, no Indemnity Obligation and no Excluded Fee shall be deemed an “AR Loan Obligation.” [Notwithstanding the foregoing, AR Loan Obligations shall also include: [List any deal-specific additional to AR Loan Obligations requested by AR Lender and approved by ORCF.]]
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AR Loan Obligations. Notwithstanding anything to the contrary in the A R Loan Documents, only the following obligations shall be secured by AR‟s Lender‟s liens and/or security interest in the Accounts or the FHA Mortgagee Priority Collateral (collectively, the “Project Collateral”): (i) the principal amount of the Revolving Loan, up to the Maximum Principal Amount; (ii) interest on the Revolving Loan; (iii) amounts advanced by AR Lender that are reasonably necessary to preserve and protect the AR Lender Priority Collateral; (iii) fees associated with the financing that are set forth in the AR Loan Documents; and (iv) out of pocket fees and expenses incurred by AR lender in the administration and enforcement of the AR Loan Documents.
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Examples of AR Loan Obligations in a sentence

  • From and after the Cut-Off Time, all amounts received by AR Lender on account of the AR Lender Priority Collateral shall be applied solely to the AR Loan Obligations.

  • Notwithstanding the occurrence of a Cut-Off Time, the AR Lender shall have a first and prior security interest in the AR Lender Priority Collateral, and FHA Lender shall have a subordinate lien in the AR Lender Priority Collateral, until the AR Loan Obligations are Paid in Full.

  • Nothing herein shall prevent AR Lender from collecting the full amount of the AR Loan Obligations from any guarantors thereof and/or from collateral other than the AR Lender Priority Collateral and/or the FHA Lender Priority Collateral.

  • Until the AR Loan Obligations are Paid in Full, the instructions given to third-party payors that identify the deposit accounts into which payments should be made shall not be changed.

  • Nothing herein shall prevent AR Lender from collecting the full amount of the AR Loan Obligations from any guarantors thereof and/or from collateral other than the AR Lender Priority Collateral and/or the FHA Lender’s Priority Collateral.

  • From and after the Cut-Off Time, all amounts received by AR Lender on account of the AR Lender Priority Collateral shall be applied solely to the Priority Obligations and AR Lender shall not recover any portion of the AR Loan Obligations, other than the Priority Obligations, from the AR Lender Priority Collateral until the HUD Obligations are paid in full.

  • Until the AR Loan Obligations are Paid in Full, AR Lender will have the exclusive authority to exercise control (unless prohibited by law) over the Deposit Accounts and to provide appropriate instructions to the applicable Depository Bank.

  • Insert names of parties Recital 1: insert name of lease/agreement and parties to lease/agreement Section 1: insert property jurisdiction Section 1.4: insert name of document and make appropriate selections regarding operators of other facilities and Borrower Representative Section 1.7: list any approved additions to the definition of AR Loan Obligations.

  • Notwithstanding the foregoing, to the extent that the proceeds of any sale of AR Lender Priority Collateral exceed the amount necessary to pay and satisfy in full the AR Loan Obligations, such excess shall be delivered to FHA Lender (to the extent that FHA Lender is otherwise entitled thereto in accordance with the FHA-Insured Loan Documents and/or applicable law) for application by FHA Lender pursuant to the FHA-Insured Loan Documents.

  • Notwithstanding anything else in this Agreement AR Loan Obligations shall not include indemnity obligations relating to any breach of this Agreement or relating to any dispute between AR Lender and FHA Lender or HUD.


More Definitions of AR Loan Obligations

AR Loan Obligations means the AR Loan and all other indebtedness, liabilities and obligations owing to AR Lender under the AR Loan Documents (including without limitation any Over-line Advances and/or Allowable Over-Advances, as permitted pursuant to Section 2.7, and Protective Advances), provided, however, that notwithstanding anything to the contrary set forth in the AR Loan Documents, “AR Loan Obligations” shall exclude any and all indebtedness, liabilities and obligations that are not directly related to the benefit of the Facilities or the Other Facilities, or the financing thereof. Notwithstanding the foregoing, the AR Loan Obligations shall also include the following: [insert any specific obligation requested by AR Lender and approved by ORCF, provided such inclusion is consistent with HUD
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AR Loan Obligations means the AR Loan and all other 101 indebtedness, liabilities and obligations owing to AR Lender under the AR Loan 102 Documents (including without limitation any Over-line Advances and/or Allowable 103 Over-Advances, as permitted pursuant to Section 2.7, and Protective Advances), 104 provided, however, that notwithstanding anything to the contrary set forth in the AR 105 Loan Documents, “AR Loan Obligations” shall exclude any and all indebtedness, 106 liabilities and obligations that are not directly related to the benefit of the Facilities or the 107 Other Facilities, or the financing thereof. Notwithstanding the foregoing, the AR Loan 108 Obligations shall also include the following: [insert any specific obligation requested by 109 AR Lender and approved by ORCF, provided such inclusion is consistent with HUD 110 Program Obligations or a waiver of such HUD Program Obligations has been obtained]. 111 Notwithstanding anything to the contrary in the AR Loan Documents or this Agreement, 112 this Agreement shall not be deemed an “AR Loan Obligation.”
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Related to AR Loan Obligations

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Finance Obligations means, at any date, (i) all Senior Credit Obligations, (ii) all Swap Obligations of a Loan Party permitted hereunder owed or owing to any Swap Creditor and (iii) all Cash Management Obligations.

  • Loan Document Obligations means (a) the due and punctual payment by the Borrower of (i) the principal of and interest at the applicable rate or rates provided in the Credit Agreement (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under the Credit Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Borrower under or pursuant to the Credit Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual payment and performance of all other obligations of the Borrower under or pursuant to each of the Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other Loan Documents (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding).

  • Canadian Obligations means the Obligations owing by the Canadian Borrower.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Credit Document Obligations shall have the meaning provided in the definition of "Obligations" in this Article IX.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Debt Obligations means any debt obligations issued or guaranteed by the Government of Japan.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Foreign Obligations means Obligations owing by any of the Foreign Borrowers.

  • Secured Hedge Obligations means Obligations under Secured Hedge Agreements.

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Notes Obligations means Obligations in respect of the Notes, the Guarantees and this Indenture.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Term Obligations shall have the meaning assigned that term in the Intercreditor Agreement.

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.