Exchange Loan definition

Exchange Loan has the meaning set forth in Section 2.
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Exchange Loan means a loan from the Borrower or a Top Tier Guarantor to FIG Corp. for the purpose of facilitating an exchange by the Principals of equity in the Top Tier Guarantors for equity in Public FIG.
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Exchange Loan is a loan to the EAT, from the Exchange Owner or the Exchange Owner Affiliate, in an amount which, when added to the proceeds of the Loan, will allow the EAT to cause the Borrower to acquire the Mortgaged Property in connection with the Reverse Tax-Deferred Exchange.
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Examples of Exchange Loan in a sentence

  • The respective execution and delivery of the Exchange Note and the 2025 Note and the funding of the Exchange Loan and the 2025 Loan (respectively, the “Exchange Note Closing” and ​ ​ the “2025 Note Closing” and, each, a “Closing”) shall each take place at a closing on the Exchange Loan Closing Date and the 2025 Loan Closing Date, respectively (each, a “Closing Date”).

  • The Exchange Note will be executed and the Exchange Loan will be disbursed to Borrower once all of the conditions set forth in Section 3 (excluding Section 3.5) have been satisfied.

  • It is understood and agreed that an Exchange Loan made to FIG Corp.

  • In connection with the transfer of the Green Exchange Loan pursuant to this Section 1, the Seller does hereby assign all of its right, title and interest (solely in its capacity as the holder of the subject Mortgage Loan) in, to and under the related Intercreditor Agreement.

  • Subject to compliance with Section 4.02 hereof, the Lender shall make such requested First Exchange Loan available to the Borrower by 12:00 noon on the First Exchange Date.

  • If such decision is approved in accordance with this Section 9.1 and an exchange is permitted under applicable law, all holders of 2002 Series A Preferred Stock shall have the right, but not the obligation, to exchange shares of 2002 Series A Preferred Stock for an Exchange Loan.

  • With respect to any Permitted Exchange Property, the date that is 180 days after the date when such Permitted Exchange Property was acquired using the proceeds of an Exchange Loan pursuant to the applicable Reverse Exchange.

  • The Borrower shall use the proceeds of the Final Exchange Loan to make the payments due under the Exchange Agreements.

  • Article 15.2 Within 10 days after this Contract has been executed, Party B shall promptly handle the formalities for registration and collection of the Foreign Exchange Loan (on-lending) Registration Certificate with the competent department for exchange control of the place where Party B is located.

  • This Agreement, the Notes, the Security Documents, Exchange Loan Subordination Agreement, the Subordination of Exchange Management Agreements, and all other documents, instruments or agreements now or hereafter executed or delivered by or on behalf of any Borrower or Guarantor in connection with the Loans and intended to constitute a Loan Document.


More Definitions of Exchange Loan

Exchange Loan. With respect to any Permitted Exchange Property, the sum of funds lent by the applicable Taxpayer to the applicable Permitted Exchange Property Owner for the acquisition of such Permitted Exchange Property in connection with the applicable Reverse Exchange, including any additional sums that may be added to the balance of such loan pursuant to the Exchange Loan Documents to fund operations during the duration of the Reverse Exchange.
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