Contemporaneous Loan definition

Contemporaneous Loan. ’ shall mean any loan which the Borrower has used to satisfy RUS Regulations or loan conditions requir- ing that supplemental financing be obtained in order to obtain a loan from RUS. Any loan used to refinance or refund a Contempora- neous Loan is also considered to be a Con- temporaneous Loan.
Contemporaneous Loan. ’ shall mean any loan which the Borrower has used to satisfy RUS Regulations or loan conditions requiring that supplemental financing be obtained in order to obtain a loan from RUS. Any loan
Contemporaneous Loan. ’ shall mean a loan made pursuant to a loan agreement

Examples of Contemporaneous Loan in a sentence

  • Provided, however, in all cases prepayments associated with refinancing or refunding a Contemporaneous Loan pursuant to Article II of the Mortgage are not consid- ered to be prepayments for purposes of this Agreement if they satisfy each of the fol- lowing requirements:(a) Principal.

  • If the Borrower shall at any time prepay in whole or in part the Contemporaneous Loan described on Schedule 1, the Borrower shall prepay the RUS Note correspondingly in order to maintain the ratio that the Contem- poraneous Loan bears to the RUS Commit- ment.

  • Prepayments associated with refinancing or refunding a Contemporaneous Loan are not considered to be prepayments for purposes of this Agreement if (i) the principal amount of such refinancing or refunding loan is not less than the amount of loan principal being refinanced and (ii) the weighted average life of the refinancing or refunding loan is not less than the weighted average remaining life of the loan being refinanced.

  • If the Borrower shall at any time prepay in whole or in part any Contemporaneous Loan, the Borrower shall prepay the related Outstanding Note to the Government in the ratio that the unpaid principal balance of such Outstanding Note to the Government bears to the aggregate unpaid principal amount of both such Outstanding Note and the note evidencing the Contemporaneous Loan.

  • However, prepayment of any Outstanding Note (and any penalties) relating to a Contemporaneous Loan shall be mandatory under Section 5.4.

  • However, prepayment of the Note (and any penalties) shall be mandatory under Sec- tion [5.3] hereof if the Borrower has used a Contemporaneous Loan in order to qualify for the RUS Commitment, and later prepays the Contemporaneous Loan.

  • However, prepayment of the Note (and any penalties) shall be mandatory under Sec- tion [5.3] hereof if the Borrower has used a Contemporaneous Loan in order to qualify for the RUS Commitment, and later prepays the Contemporaneous Loan.Article IV—Conditions of LendingSection 4.1. General ConditionsThe obligation of RUS to make any Ad- vance hereunder is subject to satisfaction of each of the following conditions precedent on or before the date of such Advance:(a) Legal Matters.

  • However, prepayment of the Note (and any penalties) shall be mandatory under Sec- tion [5.3] hereof if the Borrower has used a Contemporaneous Loan in order to qualify for the RUS Commitment, and later prepays the Contemporaneous Loan.ARTICLE IV—CONDITIONS OF LENDINGSection 4.1. General ConditionsThe obligation of RUS to make any Ad- vance hereunder is subject to satisfaction of each of the following conditions precedent on or before the date of such Advance:(a) Legal Matters.

  • Hun alle drie ben ik zéér veel dank verschuldigd voor hun enorme inzet en hun inspanningen om mij als onderzoeker op het rechte pad te houden.

  • However, prepayment of the Note (and any penalties) shall be mandatory under Section [5.3] hereof if the Borrower has used a Contemporaneous Loan in order to qualify for the RUS Commitment, and later prepays the Contemporaneous Loan.


More Definitions of Contemporaneous Loan

Contemporaneous Loan. ’ shall mean any loan which the Borrower has used to satisfy

Related to Contemporaneous Loan

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

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

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;