First Loan definition

First Loan means the HUD-insured loan in the original principal amount of $__________, made by First Lender to Borrower, secured by the Healthcare Facility, as such Loan may be amended, increased or decreased.

First Loan has the meaning set forth in Section 2.3 of the Loan Agreement.

First Loan means the principal amount borrowed by the Borrowers from the First Banks under the First Loan Agreement or (as the context may require) the amount thereof at any time outstanding;

Examples of First Loan in a sentence

• The amount then owing under the Second Note shall become immediately due and payable: (i) upon the sale, disposition or transfer of the Property by the Borrower, or (ii) upon the payment in full or refinancing of the First Loan, or (iii) upon an Event of Default hereunder.

• This loan is unsecured and carries the same terms and conditions as the First Loan.

• Investigative reports should be received by Medilink via email at healthcare@axatp.com or fax to +86 10 8453 9719 at least 5 working days prior to the scheduled procedure or treatment.

• In the event that the Resumption is approved by the Stock Exchange (whether conditionally or unconditionally), then the Retained Subsidiaries will remain in the Retained Group as subsidiaries of the Company immediately after the First Loan Conversion and the Subscription.

• The Proponent hereby assigns to the City and its successors and assigns, the right to possess and use the Plans and Specifications and the Proponent’s rights under all construction contracts, for the purpose of completing the Improvements if Proponent defaults subject to any prior assignment to the holder of the First Loan.

More Definitions of First Loan

First Loan means the Loan attributable to the first Utilisation to take place under the Facility Agreement.

First Loan means the loan by an Institutional Lender to theParticipant as provided under the First Note provided under Section 201.2 of this Agreement.

First Loan means the amount of R125 106 116 (one hundred and twenty five million and one hundred and six thousand and one hundred and sixteen Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which entire amount has been drawn down by the Borrower and is still outstanding;

First Loan means the HUD-insured loan in the original principal amount of

First Loan means the first Loan borrowed hereunder; provided that the First Loan will be deemed to have extended on the Initial Credit Date at a principal amount of zero if no amounts have been borrowed hereunder at such time.

First Loan the mortgage loan in the principal amount of HK$7,000,000 granted by Legend Credit to the Borrower pursuant to the First Agreement and as amended and supplemented by the Supplemental Agreement A

First Loan means the Loan made or to be made available to, amongst others, the Buyer by the First Mortgagee in respect of (inter alia) the Vessel. “First Mortgagee” means the agent that the lenders, ABN AMRO Bank N.V., Lloyds TSB Bank Plc, and National Bank of Greece S.A., will appoint. “First Security” means (i) the first preferred Liberian mortgage over the Vessel in favour of the First Mortgagee and (ii) the first priority assignment of the earnings, insurance and requisition compensation relating to the Vessel in favour of the First Mortgagee. “Intercreditor Deed” means the intercreditor deed between the First Mortgagee and the Builder under which the Post Delivery Instalment shall rank behind the claims of the First Mortgagee under the First Loan entered into or to be entered into between (inter alia) the First Mortgagee and the Buyer providing (inter alia) for the First Security. “Letter of Guarantee” has the meaning given in Clause 4.2. “Mortgage” has the meaning given in Clause 4.3. “Post Delivery Instalment” has the meaning given in Clause 3.1. “Post Delivery Instalment Due Date” has the meaning given in Clause 3.3. “Promissory Note” has the meaning given in Clause 4.1. “Second Security” means the Mortgage, the Assignment and the Time Charter Assignment. “Tax” means any tax (other than tax on the overall income of the Builder, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). “Tax Deduction” means a deduction or withholding for or on account of Tax from a payment under a Transaction Document except for those imposed in Korea upon the payment of the Post Delivery Instalment. “Time Charterer” means Hanjin Shipping Co., Ltd of Seoul. “Time Charter” means the time charter dated 15 November 2007 as amended by addendum no. 1 dated 19 August 2009 between the Buyer and the Time Charterer. “Time Charter Assignment” has the meaning given in Clause 4.5 “Total Loss” means: (a) actual, constructive, compromised, agreed or arranged total loss of the Vessel; (b) requisition for title or other compulsory acquisition of the Vessel otherwise than by requisition for hire; (c) capture, seizure, arrest, detention, or confiscation of the Vessel by any person, governmental authority or government or by persons acting or purporting to act on behalf of any government or any other person which deprives the Buyer of the use of the Vessel for 90 ...