Assumed Loan definition

Assumed Loan means the loan, if any, identified in Item 10 of Schedule 1; if no loan is so identified, the term “Assumed Loan” shall be disregarded for purposes of this Contract.

Assumed Loan or “Assumed Loans” means, individually and collectively, each of the loans issued to any of the Fee Owners pursuant to the Assumed Loan Documents and set forth on Exhibit E.

Assumed Loan of each Assignee shall be determined as follows:

Examples of Assumed Loan in a sentence

• Purchaser shall be responsible for all fees and expenses charged by Lender in connection with the AIMCO Loans (including, without limitation, all fees charged by the Lender pursuant to the Assumed Loan Documents).

• At Closing, Purchaser shall pay to Seller the Purchase Price less the outstanding balance of the Assumed Loan and plus or minus the adjustments and prorations required by this Agreement (the “Net Purchase Price”).

• In the event that Seller or Purchaser fails to execute and deliver the Loan Assumption Documents or the Assumed Loan Lender fails to approve the assignment, assumption and release as aforesaid, either Seller or Purchaser shall have the right to terminate this Agreement, whereupon all rights and obligations of the parties hereunder shall immediately terminate (other than those obligations that expressly survive termination) and Seller shall return the Xxxxxxx Money Note to Purchaser.

• Any matters disclosed by the Commitment or the Survey and not objected to by Purchaser on or before the Title Objection Date (other than those relating to the Assumed Loan) shall be deemed approved by Purchaser and shall constitute Permitted Encumbrances.

• Seller agrees to cooperate with and to take all reasonable action to facilitate Purchaser’s receipt of the Assumption Approval, however, Purchaser shall be solely responsible to pay to Assumed Loan Lender any and all costs, fees and expenses required in connection with the Assumed Loan assignment, assumption and release (other than Seller’s legal fees to review the Loan Assumption Documents).

More Definitions of Assumed Loan

Assumed Loan means the secured loan owed by Encore Vintners to the Bank of Montreal which was assumed by the Corporation as part of the Purchase Price in the aggregate amount of $3.1 million.

Assumed Loan a Loan to be assumed by the applicable SNH Purchaser at the Closing for the Property as identified on Schedule 2.

Assumed Loan means (i) each Adviser Loan with a Transferred Adviser Representative, Transferred Broker or 403(b) Transferred Adviser Representative listed on Section 1.1(b)(3) of the Disclosure Schedule, and (ii) each Adviser Loan with a Transferred Adviser Representative, Transferred Broker or 403(b) Transferred Adviser Representative that is awarded by the Seller or any of its Affiliates from and after the date of this Agreement and on or prior to the Closing Date (each, a “Post-Signing Assumed Loan”).

Assumed Loan means any loan identified on Exhibit G hereto.

Assumed Loan means any loan identified on Exhibit F hereto. “Assumption Application” has the meaning set forth in Section 2.5.

Assumed Loan as used herein shall include any such modification or replacement loan.

Assumed Loan means any of the loans identified on Exhibit D attached hereto, which is secured by a mortgage and security interest in any Encumbered Property. Collectively, such loans are herein referred to as “Assumed Loans”