Exit Loan definition

Exit Loan has the meaning assigned in Section 3.07.

Exit Loan shall have the meaning ascribed to such term in the recitals.

Exit Loan means that certain loan to be made by the Exit Lender to fund certain Administrative Expense Claims and fund other payments to creditors as detailed herein.

Examples of Exit Loan in a sentence

• This communication with the client must be documented by the Medical Case Manager in the individual progress notes in the client’s chart and in the Provide® Enterprise Miami data management system, the local Ryan White Part A Program data management information system.

• Using the product of the: a.Whole Loan Maturity Date Balance and b.Exit Constant, as shown on the Final Data File, we recalculated the “Whole Loan Exit Loan Annual Interest” of each Whole Loan.

• Using the product of the: a.Total Senior Participation Maturity Date Balance and b.Exit Constant, as shown on the Final Data File, we recalculated the “Total Senior Participation Exit Loan Annual Interest” of each Total Senior Participation.

• The obligations incurred by the Reorganized Debtors pursuant to the Exit Loan Documents and related documents shall be secured and paid or otherwise satisfied pursuant to, and as set forth in, the Exit Loan Documents and related documents.

• On the Effective Date, the Exit Loan Documents, including, without limitation, any new promissory notes evidencing the obligations of the Reorganized Debtors, and all other documents, instruments, mortgages, and agreements to be entered into, delivered, or confirmed thereunder, shall become effective, perfected, valid, binding, and enforceable in accordance with their terms, and each party thereto shall be bound thereby, without further notice by the Debtors or Reorganized Debtors.

More Definitions of Exit Loan

Exit Loan means the credit facility provided by Interstellar to the Reorganized Debtor upon the Effective Date of the Plan.

Exit Loan means the loan funded by the Exit Lender, not to exceed $20,143,000, pursuant to the Commitment Letter and the Loan Transactional Documents.

Exit Loan means that certain loan up to the amount of $50,000.00 provided by Galina and Mark Datskovsky, which the Debtors shall enter into on the Effective Date.

Exit Loan means the Borrowing made to the Borrower pursuant to Section 2.01.

Exit Loan means the loan in the amount of approximately $300,000 that will be made to Debtors on the Effective Date by Robert E. Wheaton, Debtors’ president and CEO, in order to provide the balance of the funding needed to implement the Plan on the Effective Date. The loan will bear interest at the rate of 6.5% per annum and will be repaid in equal monthly amortizing installments over a period of five years. It will be secured by a second-position mortgage or deed of trust, as appropriate, an assignment of rents, and a security interest against the Artesia Property. The Exit Loan will become the senior lien against the Artesia Property when the Wells Fargo Artesia Loan is paid in full.

Exit Loan means the loan from a lender in an amount up to $13,400,000.

Exit Loan means that certain loan extended to the District pursuant to that certain “Debtor in Possession Credit Agreement” dated as of February 9, 2019 between the District and the City of Tulare, California on the terms in existence as of the Effective Date.