Excess Loans definition

Excess Loans has the meaning set forth in Section 2.4(f).
Sample 1Sample 2Sample 3
Excess Loans means any Revolving Loan made available by Bank to Borrower that exceeds the amount available to Borrower under the Borrowing Base Amount.
Sample 1
Excess Loans is defined in Section 8.20(a).
Sample 1

Examples of Excess Loans in a sentence

  • 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”).

  • Any Second Lien Professional Loans (other than Excess Loans) shall share pro rata in any distribution or recovery received by the DIP Agent or any DIP Lender on account of the Refinanced Obligations (other than any excess cash flow sweep under the DIP Credit Agreement unless such payment would result in the payment in full of the Refinanced Obligations).

  • With respect to Excess Loans, the Funding Parties will be granted a superpriority administrative expense claim as set forth below.

  • Second Lien Professional Loans (other than Excess Loans (as defined below)) shall be secured by continuing, valid, binding, enforceable, non-avoidable, and automatically and properly perfected postpetition security interests (the “Second Lien Professional Liens”) in the DIP Collateral.

  • When sexual misconduct occurs, an investigation will begin and conduct procedures will be followed although the conduct administrator or the Campus Hearing Board may institute additional privacy procedures.

  • Seller shall select the specific Excess Loans from Exhibit 2.4(f), in the order of priority set forth therein; and (g) The foregoing provisions of this Section 2.4 notwithstanding, Seller and Purchaser may agree to sell and purchase loans otherwise to be retained by Seller hereunder, including New Loans and Retained Loans.

  • The DIP Lenders, the First Lien Lenders, the Prepetition Second Lien Lenders, the Prepetition Second Lien Trustee, and the holders of the Second Lien Professional Loans (including, without limitation, Excess Loans) are not required to file a Statement of Lien or otherwise comply with the Lien Identification Process.


More Definitions of Excess Loans

Excess Loans. As defined in Section 2.06.
Sample 1

Related to Excess Loans

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

  • 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 U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

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

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

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

  • Bank Loans means debt obligations (including 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 and senior subordinated loans) which are generally under a loan or credit facility (whether or not syndicated) or note purchase agreement.

  • 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 shall have the meaning assigned to such term in Section 2.21(a).

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • 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).

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

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Replacement Loans has the meaning specified in Section 10.01.