Assumed Loans definition

Assumed Loans means those Loans made by the Assumption Lenders and secured by the Assumption Properties which the Purchaser (or its assignees) intends to assume at Closing upon the purchase of the Assumption Properties.

Assumed Loans means Existing Loans assumed at the Closing by Purchaser in connection with the transactions contemplated herein.

Assumed Loans means those loans listed on Exhibit 1.1(b) attached hereto, subject to the provisions of Section 2.6.

Examples of Assumed Loans in a sentence

• Assumed Loans.................................................................................

• At Closing, each Assumption Seller shall assign to Purchaser all of its right, title and interest in all reserves, impounds and other accounts required to be maintained in connection with the Assumed Loans.

• Each of the Assumed Loans is evidenced by a Note executed by such Assumption Seller, as borrower, and payable to the order of the applicable Assumption Lender (as set forth on the Seller Information Schedule).

• In addition, at or before the Closing, the Contributors shall have caused each Lender related to the Assumed Loans to have released the Contributors and each of their affiliates (other than the Partnerships or their subsidiaries) from any liability in respect of obligations first arising on or after the Closing Date pursuant to any recourse obligations, guarantees, indemnification agreements, letters of credit posted as security or other similar obligations under the respective Existing Loan Documents.

• The title companies selected by the Acquirer shall be unconditionally obligated and prepared, subject only to payment of the applicable premium, to issue title policies and all reasonably requested endorsements thereto (or non-imputation, bring down, successor insured and other endorsements to the Company’s existing owners title policies), to the Acquirer and to any lenders under the Assumed Loans on the Closing Date, all such policies to be acceptable to the Acquirer in its reasonable discretion.

More Definitions of Assumed Loans

Assumed Loans. Section 2. "Bills of Sale" - Section 8.2.2. "Business day" - Section 11.15. "Closing" - Section 8.1. "Closing Date" - Section 8.1. "Contracts" - Section 1.1. "Deeds" - Section 8.2.1. "Equity Interest Properties" - Section 4. "FIRPTA Certificate" - Section 8.2.6. "FWOP" - Introductory paragraph. "Improvements" - Section 1.2. "Intangible Property" - Section 1.3. "Interests" - Section 4.5. "IRPTA Disclosure Statement" - Section 13.1. "Land" - Section 1.4. "Leases" - Section 1.5. "Personal Property" - Section 1.6. "Properties" - Introductory paragraph. "Property" - Introductory paragraph. "Purchase Price" - Section 2. "Purchaser" - Introductory paragraph. "Real Property" - Section 1.7. "Seller" - Introductory paragraph. "State Certificates" - Section 8.2.5. "Tenant Notices" - Section 8.2.8. "Terminated Contracts" - Section 5.2.2. "Title Policy" - Section 1.8.

Assumed Loans shall have the meaning set forth in Section 2.16(d).

Assumed Loans means the loans listed in Schedule 5 hereto.

Assumed Loans means the loans identified on Exhibit G attached hereto having an aggregate, current and actual balance equal to (x) One Hundred Fifty Nine Million One Hundred Fifty Nine Thousand Six Hundred Ninety Five and 40/100 Dollars ($159,159,695.40) minus (y) the Paydown Amount, as such Assumed Loans have been modified in accordance with the Assumed Loan Modification Terms, provided, that the Assumed Loans shall not include any Pre- Closing Date Interest/Principal Payments.

Assumed Loans shall have the meaning assigned thereto in Section 2.3(a).

Assumed Loans means those loans to be identified in the Plans Supplement to be reinstated, as necessary, and assumed by JD Holdings pursuant to the terms of the underlying loan agreement(s) and/or an agreement between JD Holdings and the applicable lender or its authorized representative.

Assumed Loans shall have the meaning set forth in Section 3.2(a).