BofA Loan definition

BofA Loan and "BofA Loans" have the meanings specified in Section 2.2(h).
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BofA Loan means that $20,000,000 bridge term loan facility dated as of April 29, 1998 between Bank of America and the Loan Parties.
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BofA Loan means the loan made by First Republic Bank, pursuant to the promissory
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Examples of BofA Loan in a sentence

  • Such amounts made available to the Agent shall be applied against the amounts of the applicable BofA Loan or Agent Advance and, together with the portion of such BofA Loan or Agent Advance representing BofA's Pro Rata Share thereof, shall constitute Revolving Loans of such Lenders.

  • BofA shall not otherwise be required to determine whether the applicable conditions precedent set forth in Article 10 have been satisfied or the requested Borrowing would exceed the Availability of the Borrower on the Funding Date applicable thereto prior to making, in its sole discretion, any BofA Loan.

  • Each of the Lenders hereunder that is a Lender under the BoA Loan Agreement hereby waives any requirement set forth in Section 2.05 of the BoA Loan Agreement that Borrower provide any notice prior to termination of the Aggregate Revolver Commitments under the BofA Loan Agreement.

  • Each BofA Loan is a Revolving Loan hereunder and shall be subject to all the terms and conditions applicable to other Revolving Loans except that all payments thereon shall be payable to BofA solely for its own account (and for the account of the holder of any participation interest with respect to such Revolving Loan).

  • The Agent shall not request BofA to make any BofA Loan if (i) the Agent shall have received written notice from any Lender, or otherwise has actual knowledge, that one or more of the applicable conditions precedent set forth in Article 10 will not be satisfied on the requested Funding Date for the applicable Borrowing, or (ii) the requested Borrowing would exceed the Availability of the Borrower on such Funding Date.

  • BofA will extend to Xxxxx the BofA Loan, which amount shall be used by Xxxxx only for the purposes of (a) repaying the Bridge Loan, (b) landscaping the Property and making interior improvements, and (c) incurring other related expenses such as purchasing furniture.

  • Notwithstanding the foregoing, neither such Loan Party nor any of its Subsidiaries shall make payment of principal on the MLBFS Loan or terminate the MLBFS Loan before the BofA Loan has been paid in full.

  • Notwithstanding Section 9.25, BofA may, in its sole discretion, make BofA Loans which, after giving effect thereto, would result in Availability of less than $5,000,000 (but not less than zero), provided that the Borrower shall not permit the portion of any such BofA Loan which so results in Availability of less than $5,000,000 to be outstanding for more than five consecutive days in any calendar quarter or more than ten days in total in any calendar quarter.

  • Each of the Borrower and the Lender hereby irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or any other BofA Loan Document, the Loans or the actions of the Lender in the negotiation, administration, performance or enforcement thereof.

  • In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 6.04(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any BofA Loan Party, any Loan Party, its directors, shareholders or creditors or an Indemnified Party, or any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated.


More Definitions of BofA Loan

BofA Loan means the loan evidenced by the BofA Loan Agreement.
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Related to BofA Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • FHA Loan means a Mortgage Loan which is the subject of an FHA Mortgage Insurance Contract.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Revolving Advance has the meaning given in Section 2.1.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Term Loan has the meaning specified in Section 2.01(b).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • 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).