Excess Loans definition

Excess Loans has the meaning set forth in Section 2.4(f).
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Excess Loans is defined in Section 8.20(a).
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Excess Loans. As defined in Section 2.06.
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Examples of Excess Loans in a sentence

  • Loans to the Joint Venture pursuant to Section 8(a) above (excluding Excess Loans) shall be payable in accordance with Section 5(a) and shall bear interest at the Prime Rate unless otherwise agreed to by the Venturer making the loan and the Board of Managers.

  • For purposes of priority under this Section 5(a), Required Loans and Excess Loans made pursuant to the same call under Sections 4(h) or 4(i) shall be deemed to have been made on the same date although they may have been advanced on different dates.

  • Any interest on Excess Loans paid by the Joint Venture shall be charged solely to the capital account of the Non-Contributing Venturer who occasioned any such Excess Loan.

  • The resulting percentage amount will then be subtracted from such Non-Contributing Venturer's then existing Distributive Share (provided same shall not be reduced below zero) and an equivalent amount shall be added to the respective Distributive Share(s) of the Venturer(s) who made any such Excess Loan (in proportion to the amount of Excess Loans made to such Venturers).

  • To the extent of any payments of Excess Loans directly by the Partnership to any Partner who made an Excess Contribution, such Partner who made the Excess Contribution shall subrogate all rights which such Partner had against the Non-Contributing Partner to the Partnership.

  • To the extent of any payments of Excess Loans directly by the Joint Venture out of Available Cash to any Venturer(s) who made an Excess Contribution, such Venturer(s) who made the Excess Contribution(s) shall subrogate all rights which such Venturer(s) had against the Non-Contributing Venturer to the Joint Venture.

  • Any interest on Excess Loans paid by the Partnership shall be charged solely to the capital account of the Non-Contributing Partner who occasioned any such Excess Loan.

  • The Funding Parties will be granted, pursuant to Bankruptcy Code Section 364(c)(1), an allowed superpriority claim with respect to all Second Lien Professional Loans (other than Excess Loans) (the “Second Lien Professional Superpriority Claim”).

  • Due to the COVID 19 pandemic Mind inSalford has not been able to proactively promote the Carers Advocacy Service through the channels that they usually would.

  • In addition, at any time when no Excess Loans, Additional Loans or Required Loans are outstanding, the Board of Managers may make monthly distributions to BARLTD of up to nine percent (9%) of the net income of the Joint Venture, each as determined by the internal accountants of the Joint Venture for purpose of allowing BARLTD to satisfy any corresponding obligation to make monthly distributions Xxxxxxx pursuant to the terms of the Xxxxxxx Employment Agreement.


More Definitions of Excess Loans

Excess Loans means any Revolving Loan made available by Bank to Borrower that exceeds the amount available to Borrower under the Borrowing Base Amount.
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Related to Excess Loans

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Existing Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loans as defined in Section 2.4(a).

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.