Concurrent Loan definition

Concurrent Loan means a Loan that the Borrower has extended or extends for the cost of an eligible electrification or telephone purpose under the RE Act, concurrently with an insured loan made by the Secretary, as provided in Section 307 of the RE Act.
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Concurrent Loan. The loan in the principal amount of $9,802,500.00 being made by Lender to Emeritol Stonecreek Lodge LLC, a Delaware limited liability company and Emeritol Meadowbrook LLC, a Delaware limited liability company concurrently herewith.
Sample 1
Concurrent Loan. The loan in the principal amount of $17,595,000.00 being made by Lender to Emeritol Xxxxxx Oaks LLC, a Delaware limited liability company, Emeritol Xxxxxxxxxxx Xxxxx XXX xxx Xxxxxxxx Xxxxxxx Xxxxxxx LLC, a Delaware limited liability company, concurrently herewith.
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Examples of Concurrent Loan in a sentence

  • The Concurrent Loan shall have closed concurrently with the closing of the Loan hereunder.

  • Sale with Loan $600.00The following services are included in this fee: Courier Delivery, Electronic Document Delivery, Concurrent Loan, Overnight Mail, Signing Service Fee x2, Wire Transfer Fee • Other charges may apply for additional transaction requirements.• This rate does not apply to Refinance Transactions.• When charged, these fees will be considered earned income and non- refundable.

  • Escrow Fee - Sale 4Escrow Fee – Sale w/ Concurrent Loan 4Escrow Fee - Refinance 5Escrow Fee - New Loan – 1st 5Escrow Fee - New Loan – 2nd’s/Home Equity 5Escrow Fee - Construction Loans 5Escrow Fee - Leasehold 5Escrow Fee - Out of State and / or Escrow Only 6Sub Escrow/Mini Escrow 6D.

  • Concurrent Loan means a loan that a guaranteed lender extends to a borrower for up to 30 percent of the cost of an eligible electrification or telephone purpose under the RE Act, concurrently with an insured loan made by the Secretary pursuant to section 307 of the RE Act.

  • Escrow Fee - Sale 4Escrow Fee – Sale w/ Concurrent Loan 4Escrow Fee - Refinance 5Escrow Fee - New Loan – 1st 5Escrow Fee - New Loan – 2nd’s/Home Equity 5Escrow Fee - Construction Loans 5Escrow Fee - Leasehold 5Escrow Fee - Out of State and / or Escrow Only 6REO Escrow Rate 6Sub Escrow/Mini Escrow 6Short Sale Escrow Fee 7D.

  • This section describes several alternative remedial approaches and technologies that should be considered as a potential substitute or replacement for pump-and-treat.

  • The Concurrent Loan Escrow Fee will apply to any simultaneous loan escrow over one.


More Definitions of Concurrent Loan

Concurrent Loan means a Loan that the Borrower has extended or extends for the cost of an eligible electrification or telephone purpose under the RE Act, concurrently with an insured loan made by the Secretary, as provided in Section 307 of the RE Act. "Consolidated Subsidiary" means at any date any Subsidiary and any other entity the accounts of which would be combined or consolidated with those of the Borrower in its combined or consolidated financial statements if such statements were prepared as of such date. "Eligible Loan" shall mean all or part of any Loan that the Borrower has made for any electrification or telephone purpose eligible under the RE Act, to the extent the Loan is not used directly or indirectly to fund projects for the generation of electricity. "Event of Default" shall have the meaning given to that term in Section 10.1. "FFB" shall have the meaning given to that term in Recital 1. A "Financial Expert Trigger Event" shall exist at any time when the Borrower has failed to comply with the covenant contained in Section 9.9 hereof. "Financial Statements", in respect of a Fiscal Year, shall mean the consolidated financial statements (including footnotes) of the Borrower for that Fiscal Year as audited by independent certified public accountants appointed by the Borrower. "Fiscal Year" shall mean the fiscal year of the Borrower, as such may be changed from time to time, which at the date hereof commences on June 1 of each calendar year and ends on May 31 of the following calendar year. "Government" shall have the meaning given to that term in the Preamble. "Guarantee" shall mean the guarantee to be executed by the Secretary, in the form attached to the Bond. "Guarantee Fee" shall have the meaning given to that term in Section 4.1.
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Related to Concurrent Loan

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • 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”.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Initial Loan is defined in Section 2.1.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Principal Prepayment in Full Any Principal Prepayment made by a Mortgagor of the entire principal balance of a Mortgage Loan.

  • Prepayment Interest Excess As to any Principal Prepayment received by the Master Servicer from the first day through the fifteenth day of any calendar month (other than the calendar month in which the Cut-off Date occurs), all amounts paid by the related Mortgagor in respect of interest on such Principal Prepayment. All Prepayment Interest Excess shall be paid to the Master Servicer as additional master servicing compensation.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

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

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

  • Permanent Loan means any permanent loan provided by the Permanent Lender to the Partnership pursuant to the terms of the Permanent Loan Documents.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Loan Date means the date of the Loan Agreement as set forth in Exhibit 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;

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Note Amount means, with respect to any Payment Date, the aggregate outstanding principal amount of the Notes after giving effect to payments of principal made on the Notes on such Payment Date.

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.