Bullet Loan definition

Bullet Loan means a Loan that, by its terms, provides for no Scheduled Payments of principal prior to the Loan’s maturity, and, at maturity, the entire unpaid principal balance of the Loan is due.
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Bullet Loan means the non-revolving Loan under the Credit Agreement in the principal amount of $40,000,000 to be made on January 4, 2002.
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Bullet Loan means the Bullet Loan set forth above under the Loan Facility Terms.
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Examples of Bullet Loan in a sentence

  • Each Loan Tranche may be a Bullet Loan Tranche, a Scheduled Amortisation Loan Tranche, a Pass-Through Loan Tranche or a combination of any of the foregoing, depending upon the Redemption/Payment Basis shown in the applicable Loan Tranche Supplement.

  • The Cash Manager shall ensure that all Funding 1 Principal Receipts reserved by Funding 1 to pay the relevant Bullet Loan Tranches and the Scheduled Amortisation Instalments are recorded on the Cash Accumulation Ledger.

  • Any medication that the pharmacy benefit manager (“PBM”) does not designate as a specialty medication is not subject to this requirement.

  • Bullet Loan Guarantee: In the case of a loan with a bullet maturity31, a partial guarantee could be structured to repay back a predefined percentage of the debt amount at maturity.

  • Such M ortgage Loans involve a greater risk of default because the ability of a Mortgagor to make a Balloon Payment or payment at maturity on a Bullet Loan typically will depend upon the ability of the Mortgagor to refinance the Mortgage Loan or to sell the related Mortgaged Property.

  • The Cash Manager shall ensure that all Funding 2 Principal Receipts reserved by Funding 2 to pay the relevant Bullet Loan Tranches and the Scheduled Amortisation Instalments are recorded on the Funding 2 Cash Accumulation Ledger.

  • Details relating to Bullet Loan Tranches:Not ApplicableNot Applicable53.

  • Parent hereby represents and warrants to Lender that the representations and warranties in Clause 7 of the Loan Agreement are true and correct as of the date of this Amendment as if made on and as of such date, with all references to the Loan Agreement therein being deemed to be references to this Amendment and the transactions contemplated hereby, including the Bullet Loan Securities Exchange, mutatis mutandis.

  • Details relating to Bullet Loan Tranches:Not ApplicableNot Applicable56.

  • Certain updates to the collateral provided against the Bullet Loan.

Related to Bullet Loan

  • Wet Loan means a wet-funded first or second lien Mortgage Loan which is underwritten in accordance with the Underwriting Guidelines and does not contain all the required Mortgage Loan Documents in the Mortgage File.

  • Market Loan means any loan or other indebtedness where an entity issues commercial paper, certificates, subordinated debentures, bonds or any other debt securities (including, for the avoidance of doubt, medium term note programmes and other market funding programmes), provided in each case that such instruments and securities are or can be subject to trade on Nasdaq Stockholm or any other regulated or unregulated recognised market place.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • 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.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.

  • Term Loan as defined in Section 2.1.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • 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.

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

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Dollar Loan means a Loan denominated in Dollars.

  • Eurodollar Loan means a Loan bearing interest based at a rate determined by reference to the Eurodollar Rate.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

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

  • Tranche C Loan has the meaning specified in Section 2.01(c).

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

  • PPP Loan has the meaning set forth in Section 3.28.

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.