Deposit Loan definition

Deposit Loan means a Loan made pursuant to Section 2.01(b).

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Deposit Loan as defined in the recitals to this Agreement.

Deposit Loan means collectively, (i) that certain loan made by Tempus Acquisition, LLC to Borrower on December 2, 2011, and (ii) that certain loan made by DRC to Borrower on December 20, 2011, to fund the “Deposit”, as set forth in the Asset Purchase Agreement.

Examples of Deposit Loan in a sentence

• All or any portion of any Deposit Loan or Revolving Loan prepaid may be borrowed and reborrowed in accordance with the terms and provisions of this Agreement.

• Notwithstanding any other provision of this Agreement, no Deposit Loan shall be made, and no Deposit Letter of Credit shall be issued or the stated amount thereof increased, if after giving effect thereto the aggregate amount of the Deposits would be less than the Deposit LC Exposure.

• Interest on each Certificate of Deposit Loan shall be payable on each Interest Payment Date applicable thereto.

• No later than the tenth Business Day following the date of receipt by the Borrowers of any proceeds from loans under the relevant FF&E Facility in respect of Specified FF&E for which the Lenders have made an FF&E Deposit Loan, the Borrowers will cause an amount of such proceeds equivalent to such FF&E Deposit Loan to be deposited into the Bank Proceeds Account.

• Briefly state (using 50 characters or less) the purpose of the outgoing wire transfer (e.g. Escrow Deposit, Loan Payment, transfer to account at another financial institution, etc.).

• Upon telephonic notice to the Administrative Agent, the Borrower may elect that amounts so withdrawn be deemed Credit-Linked Deposit Loans made on such date by each such Credit-Linked Deposit Lender in an amount equal to its Credit-Linked Deposit Percentage of the amount of such withdrawal; provided that at the time of such election the conditions to borrowing set forth in Section 4.02 shall have been met with respect to any such Credit-Linked Deposit Loan.

• If no Interest Period with respect to any Eurodollar Loan or Certificate of Deposit Loan is specified in any such notice, then (i) in the case of a Eurodollar Loan, the Company shall be deemed to have selected an Interest Period of one month's duration, and (ii) in the case of a Certificate of Deposit Loan, the Company shall be deemed to have selected an Interest Period of 30 days' duration.

• The Consolidated Loan and the Certificate of Deposit Loan are collectively referred to herein as the “Loans”.

• If no Interest Period with respect to any LIBOR Loan or Certificate of Deposit Loan is specified in any such notice, then (i) in the case of a LIBOR Loan, the Company shall be deemed to have selected an Interest Period of one month's duration and (ii) in the case of a Certificate of Deposit Loan, the Company shall be deemed to have selected an Interest Period of 30 days' duration.

• The Borrower further agrees that prior to repaying an FF&E Deposit Loan, it will use commercially reasonable efforts to maintain the eligibility of the Specified FF&E for which the Borrower has made FF&E Deposit Loans as collateral under the relevant FF&E Facility, if any.

More Definitions of Deposit Loan

Deposit Loan means each Loan made pursuant to Section 2.01 hereof for the purpose of financing the payment of Borrower's required deposit in connection with a Portfolio purchase bid.

Deposit Loan means the loan from us under these terms in the Deposit Loan Amount or, as the context requires, the amount advanced by us for the Deposit Loan plus all fees and other costs incurred under it.

Deposit Loan means a Loan where (i) the Seller holds the legal title, and (ii) the relevant Borrower has a deposit holding with the Seller and the balance of such deposit holding exceeds the maximum amount covered under the Financial Services Compensation Scheme; ▇▇▇▇▇ means the daily Sterling Overnight Index Average; Specified Office means as the context may require, in relation to any of the Agents, the office specified against the name of such Agent in the Agency Agreement or such other specified office as may be notified to the Issuer and the Security Trustee pursuant to the Agency Agreement; SR Equivalency Date means the date on which the Seller certifies to the Issuer and the Note Trustee that a competent EU authority has confirmed that: (a) the satisfaction of the UK Retention Requirement will also satisfy the EU Retention Requirement due to the application of an equivalency regime or similar analogous concept; or (b) the satisfaction of any other obligation under the UK Securitisation Regulation (including, without limitation, Articles 5 and 7 of the UK Securitisation Regulation) will also satisfy the equivalent provisions of the EU Securitisation Regulation due to the application of an equivalency regime or similar analogous concept, in each case, as applicable to the applicable obligation under the UK Securitisation Regulation; Standard Documentation means the standard documentation of the Seller, a list or CD of which is set out in or appended to Exhibit 1 to the Mortgage Sale Agreement, or any update or replacement therefor as permitted by the terms of the Mortgage Sale Agreement;

Deposit Loan means the loan from the Borrower to the Bidding Company evidenced by the Deposit Loan Note.