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.
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 First Loan Review Rule informs borrowers and lenders of SBA’s process for reviewing PPP loan applications and loan forgiveness applications.
Therefore, in Part III.2 of the First Loan Forgiveness Rule (85 FR 33004, 33005), the introductory question is redesignated as paragraph a.