CTL Loan definition

CTL Loan means a performing Whole Loan secured by a first priority perfected security interest in Commercial Real Estate 100% leased under a Credit Tenant Lease to, or guaranteed in full by, a Credit Tenant and all payments due under such Credit Tenant Lease, and such CTL Loan satisfies such additional underwriting criteria and other terms, conditions and requirements as the Administrative Agent may require in its discretion.
Sample 1Sample 2
CTL Loan means a Mortgage Loan that is secured by a Mortgaged Property that is the subject of a Credit Tenant Lease, and which is identified as a "Credit Lease Loan" on the Mortgage Loan Schedule.
Sample 1

Examples of CTL Loan in a sentence

  • CTL Loan of US$26.2 has been disbursed against the DLI2 of IBRD LA.

  • Within 30 days after the Closing Date, the Master Servicer shall notify the insurer under any Lease Enhancement Policy and/or Residual Value Insurance Policy for any CTL Loan that (i) both the Master Servicer and the Special Servicer shall be sent notices under each such policy and (ii) the Trustee for the benefit of the Certificateholders shall be the loss payee under each such policy.

  • CTL Loan Agreement The agreement signed between CTL and Shanghai Classic in 2009, in connection with shanghai Classic borrows Hk$1,200,000 from CTL to set up and take 100% equity of Chinese Operating Company.

  • The Master Servicer shall notify the Special Servicer of any CTL Loan in respect of which it has made Servicing Advances pursuant to this Section 3.24.

  • CTL Loan Agreement The agreement signed between CTL and Xx. Xxxx in 2009, in connection with Xx. Xxxx borrows RMB 4,900,000 from CTL to set up and take 49% equity of Chinese Operating Company.

  • If Infineon reasonably determines that an emergency situation occurred or may occur, Infineon shall request Supplier of the planned audit [***] in advance.

Related to CTL 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.

  • 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”.

  • 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.

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • 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.

  • Initial Loan is defined in Section 2.1.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • 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).

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • 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.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • 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.

  • Existing Loan means the loan identified on Exhibit H.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

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

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

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

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

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

  • PIK Loan means a Loan to an Obligor, which provides for a portion of the interest that accrues thereon to be added to the principal amount of such Loan for some period of the time prior to such Loan requiring the cash payment of interest on a monthly or quarterly basis.

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

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.