Designated Loan definition

Designated Loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

Designated Loan. Any Loan that the Administrative Agent, in its sole discretion, has designated as a “Designated Loan” on the related Approval Notice solely for the purposes of determining the Assigned Value of such Loan in reference to the “Minimum Facility Attachment Ratio” specified therefor and set forth in the definition of “Assigned Value.”

Designated Loan means a Revolving Loan denominated in Dollars to a Designated Foreign Subsidiary Borrower.

Examples of Designated Loan in a sentence

Designated loan means a loan secured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.
Designated loan means a loan secured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the 1968 Act.
Designated loan officers may sign loan documents as a secured party on behalf of the Credit Union.
Designated loan means a loan secured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the 1968 Act.Mobile home means a structure, transportable in one or more sections, that is built on a permanent chassis and designed for use with or without a permanent foundation when attached to the required utilities.
Seller is registered and in good standing with MERS and shall comply in all material respects with the rules and procedures of MERS in connection with any interim servicing of any MERS- Designated loan.

Designated Loan means any Loan Asset designated as such by the Administrative Agent, in its sole discretion, at the time of approval of such Loan Asset.

Designated Loan means a loansecured by a building or a mobile home that is located or to be located in aspecial flood hazard area in which flood insurance is available under the 1968Act.

Designated Loan means a Designated Revolving Dollar Loan or a Designated Swingline Dollar Loan, as applicable.

Designated Loan means, in respect of each Designated Lender, the loan made by such Designated Lender and identified on Section 7.02(g)(ii) of the Parent Disclosure Letter.

Designated Loan means a Collateral Loan that, on the date of acquisition by the Borrower of such Collateral Loan, has a Total Debt/EBITDA Ratio greater than 7:50 to 1:00; provided that, if on any date of determination after the date of acquisition such Collateral Loan has a Total Debt/EBITDA Ratio less than 7:50 to 1:00 for two (2) consecutive quarters, the Majority Lenders, at the written request of the Services Provider, may reclassify such Collateral Loan so that it shall cease to be a Designated Loan.

Designated Loan means a Loan denominated in Dollars to a Designated Borrower. “Designated Persons” means any Person listed on a Sanctions List.