Excess Loan Amount definition

Excess Loan Amount has the meaning given to such term in Section 3.6(c)(iv).
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Excess Loan Amount has the meaning specified in Section 2.10.
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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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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, 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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Excess Loan Amount has the meaning described in Paragraph 2.E(2).
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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 shall have the meaning specified in Section 5.7.6. [Excess Cash].
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Related to Excess Loan Amount

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

  • Maximum Advance Amount in respect of each Advance Notice means the greater of: (i) an amount equal to 100% of the average Daily Traded Amount during the five Trading Day immediately preceding an Advance Notice, or (ii) 5,000,000 Common Shares.

  • 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.

  • 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 the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.