Bank Loan Agreement definition
Examples of Bank Loan Agreement in a sentence
Upon redemption of the SEAS Bonds, if any amounts remain in the Reserve Fund or the Capital Campaign Account (as defined in the Bank Loan Agreement), SEAS shall apply those amounts to prepayment of any EF Fees then outstanding.
Notwithstanding the foregoing, such portion of the Termination Fee as is necessary to pay amounts due and owing by SEAS under the Bank Loan Agreement shall be deemed paid only when received into the accounts of the Fiscal Agent on behalf of SEAS.
For the purpose of accommodating the issuance of the SEAS Bonds and the financing of the Project, the City agrees, authorizes, and directs the City Finance Director to execute the estoppel certificate attached as Exhibit hereto, subordinating the City’s interest in the rents, issues, income and profits described in this subsection to the interests granted as security under the Bank Loan Agreement.
The capitalized terms used in this subsection but not defined in this Agreement shall have the meanings assigned to them in the Bank Loan Agreement.