Excess Loan Amount definition

Excess Loan Amount has the meaning specified in Section 2.10.
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Excess Loan Amount has the meaning given to such term in Section 3.6(c)(iv).
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Excess Loan Amount means, as of the date of determination, the difference between (1) the sum of (a) the face amount of the Letter of Credit issued hereunder, and (b) the principal amount of the Term Loan, and (2) seventy five percent (75%) of the appraised value of the Real Property, as reported in the Appraisal.
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Examples of Excess Loan Amount in a sentence

  • Within five (5) Business Days of Bank's receipt and approval of the Appraisal (and notice of the same to Parent), Borrowers shall pay to Bank on account of the Term Loan, an amount (the "Mandatory Prepayment Amount") equal to the Excess Loan Amount minus Two Million Dollars ($2,000,000).

  • SBA Procedural Notice on PPP Excess Loan Amount Errors (January 15, 2021) 22.

  • Notwithstanding the foregoing, the Excess Loan Amount shall be repaid in twenty-four (24) equal monthly payments of principal plus accrued but unpaid interest, commencing on the first day of the first month after Bank receives and approves the Appraisal (and provides notice of the same to Parent), and continuing on the same day of each month thereafter until the Excess Loan Amount is paid in full.

  • If the amount of a Loan (the “Relevant Loan”) advanced to the Borrower in connection with the corresponding Qoros Loan Agreement exceeds the amount advanced by the Borrower to Qoros under that Qoros Loan Agreement (the “Relevant Qoros Loan”) (the amount of such excess being the “Excess Loan Amount”), the Borrower shall, within 5 Business Days of the drawdown of the Relevant Qoros Loan, apply an amount equal to the Excess Loan Amount in prepayment of the Relevant Loan.

  • By execution of this Agreement, each Lender whose Pro Rata Share of the Existing Loan exceeds its Existing Pro Rata Share of the Existing Loan hereby accepts the portion of the Excess Loan Amount which is equal to the amount of such excess.

  • In the event the ratio with respect to any Loan exceeds eighty percent (80%), Lender shall determine the amount by which the outstanding principal balance of such Loan as of the determination date exceeds eighty percent (80%) of the U.S. Dollar Equivalent of the aggregate outstanding principal balances of the Mortgage Loans securing such Loan as of the determination date (the "Excess Loan Amount") and Borrower shall prepay such amount in accordance with Section 2.4(b)(C).

  • If, on any date, the aggregate outstanding principal amount of all Advances under each of the Notes exceeds the Maximum Total Loan Amount (such excess amount, the “Excess Loan Amount”), the Borrower shall deliver to DOE a Prepayment Election Notice on such date specifying that it elects to prepay a principal amount of Advances under the Notes equal to such Excess Loan Amount in accordance with Section 3.6(c)(vii).

  • In the event the ratio with respect to any Loan exceeds eighty percent (80%), Lender shall determine the amount by which the outstanding principal balance of such Loan as of the determination date exceeds eighty percent (80%) of the U.S. Dollar Equivalent of the aggregate outstanding principal balances of the Mortgage Loans securing such Loan as of the determination date (the "Excess Loan Amount") and Borrower shall prepay such amount in accordance with Section 2.04(b)(C).

  • If the amount of a Loan (the “Relevant Loan”) advanced to the Borrower in connection with the Qoros Loan Agreement exceeds the amount advanced by the Borrower to Qoros under the Qoros Loan Agreement (the “Relevant Qoros Loan”) (the amount of such excess being the “Excess Loan Amount”), the Borrower shall, within 5 Business Days of the drawdown of the Relevant Qoros Loan, apply an amount equal to the Excess Loan Amount in prepayment of the Relevant Loan.

  • In the event the ratio with respect to the Loan exceeds eighty percent (80%), Lender may determine the amount by which the outstanding principal balance of the Loan as of the determination date exceeds eighty percent (80%) of the aggregate outstanding principal balances of the Mortgage Loans securing the Loan as of the determination date (the "Excess Loan Amount") and Borrower shall prepay such amount in accordance with Section 2.04(b).


More Definitions of Excess Loan Amount

Excess Loan Amount means the amount, if any, by which the total amount due to such Advancing Member with respect to Approved Expense Loans and Credit Support Loans (including accrued and unpaid interest thereon) exceeds the product of the sum of all outstanding Advanced Expense Loans and Credit Support Loans due to all of the Advancing Members (including accrued and unpaid interest thereon), multiplied by the Percentage Interest of such Advancing Member.
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Excess Loan Amount means the aggregate outstanding principal amount of the Loans in excess of $25,200,000.
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Excess Loan Amount shall have the meaning specified in Section 5.7.6. [Excess Cash].
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Excess Loan Amount means the amount, determined as of the Termination Event Date, equal to the lesser of:
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Excess Loan Amount has the meaning described in Paragraph 2.E(2).
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Related to Excess Loan Amount

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Total loan amount means the principal of the loan minus those

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Maximum Revolver Amount means $100,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including a Defaulted Timeshare Loan).

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).