Existing Real Estate Loan definition

Existing Real Estate Loan means the Real Estate Loan as defined in the Existing Credit Agreement.
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Existing Real Estate Loan shall have the meaning given such term in paragraph B of the Background Section of this Agreement.
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Examples of Existing Real Estate Loan in a sentence

  • The obligations of the Borrower to repay the aggregate outstanding principal under the Existing Real Estate Loan are evidenced by the Existing Real Estate Loan Note, and the Borrower agrees to repay the Existing Real Estate Loan Indebtedness in accordance with the terms of this Agreement and the Existing Real Estate Loan Note.

  • Interest shall accrue on the outstanding principal of the Existing Real Estate Loan at an annual rate equal to seven and one quarter of one percent (7.25%) for the period commencing on the date of disbursement thereof, and ending on June 1, 1999.

  • The Bank has made available to the Borrower the Existing Real Estate Loan in the initial principal amount of $2,800,000, the proceeds of which have been used refinance certain land and the buildings and other improvements thereon owned by the Borrower and located at One Xxxx Xxxxx Road, Old Bridge, New Jersey (the "Property").

  • The proceeds of the Real Estate Loan will be used only to refinance the Existing Real Estate Loan.

  • The Borrower shall repay the Existing Real Estate Loan Indebtedness in one hundred nineteen (119) equal, consecutive, monthly installments in the amount of $15,555.56 on the first day of each month, which payments commenced on June 1, 1996, together with a final installment, consisting of the entire remaining principal balance of the Existing Real Estate Loan, together with all accrued interest thereon, which shall be due and payable May 1, 2006.

  • The Bank has made available to the Borrower the Existing Real Estate Loan in the initial principal amount of $2,800,000 the proceeds of which have been used to refinance certain land and buildings and other improvements thereon owned by the Borrower and located at One Xxxx Xxxxx Road, Old Bridge, New Jersey (the "Property").

  • The Borrower has repaid and shall continue to repay the obligations under that loan in (i) one hundred and twenty nine (129) equal consecutive, monthly installments in the amount of $15,555.56 on the first Business Day of each month, which payments commenced on June 1, 1996 and end on April 1, 2006, and (ii) a final installment, consisting of the entire remaining principal balance of the Existing Real Estate Loan, together with all accrued interest thereon, which shall be due and payable May 1, 2006.

  • Multistage sampling technique was used to get the required sample size of 1236 study participants.

  • The obligations of the Borrower to repay the Existing Real Estate Loan are evidenced by the Existing Real Estate Loan Note to which has been annexed the Second Allonge in the form attached hereto as Exhibit B.

  • Interest on the Existing Real Estate Loan shall be paid monthly on the first day of Business Day of each month.

Related to Existing Real Estate Loan

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • Existing Loan means the loan identified on Exhibit H.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

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

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.