Discretionary Loans definition

Discretionary Loans and individually, "Discretionary Loan", shall mean loans made by a Bank pursuant to Section 2.04.

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Discretionary Loans. Any loans made by the Lender to the Borrower, in the Lender’s sole and absolute discretion, under the Discretionary Facility, including, without limitation, the Initial Advances.

Discretionary Loans shall have the meaning set forth in Section 2.04(a).

Examples of Discretionary Loans in a sentence

The Company agrees that the proceeds of the Revolving Credit Loans and Discretionary Loans hereunder shall be used by the Company only to refinance other borrowings of the Company and for general corporate purposes of the Company and its Subsidiaries.
The Company's obligation to repay all Discretionary Loans shall be evidenced by a promissory note substantially in the form of Exhibit C hereto (the "Firm Securities Note").
The Company agrees to certify to the Administrative Agent on or before each Quarterly Date the Borrowing Date, principal amount, maturity date and lending Lender for all Discretionary Loans made during any period for which the Commitment Fee under Section 4.03 is to be calculated.
The Lender may sell participation interests in any or all of the Discretionary Loans and in all or any portion of the Discretionary Facility to any Person.
Unless the Loan Request specifies otherwise, each Loan Request made on or after November 1, 2020 shall be deemed to be a request for Discretionary Loans and, if such Discretionary Loans are not made by the Lenders, for Loans pursuant to the Lenders’ Commitments.

More Definitions of Discretionary Loans

Discretionary Loans means loans made by a Bank pursuant to Section 2.06.

Discretionary Loans means Loans made by the Lenders hereunder in their sole and absolute discretion, as opposed to pursuant to their respective Commitments.

Discretionary Loans has the meaning assigned to such term in Section 9.22(a).

Discretionary Loans means Mortgage Loans approved for purchase by the Agent in the exercise of its discretion pursuant to Section 22.8.

Discretionary Loans is defined in Section 2.1 hereof.

Discretionary Loans has the meaning as defined in SECTION 2.6(c).

Discretionary Loans means Mortgage Loans approved for purchase by the Agent or with respect to which Agent has provided a waiver pursuant to Section 22.8. “Discretionary Loan Sublimit” is defined in the table set forth in Section 4.2(c). “Disqualifier” means any of the circumstances or events affecting Purchased Loans that are described on Schedule DQ.