Guaranteed Loans definition
Examples of Guaranteed Loans in a sentence
With respect to all Guaranteed Loans being acquired, a Guarantee Agreement is in full force and effect with respect thereto and is valid and binding upon the parties thereto in all material respects, Seller is not in default in the performance of any of its covenants and agreements made in such Guarantee Agreement, and such Guarantee is freely transferable as an incident to the sale of each Eligible Loan to be sold.
To the extent of any positive balance in TERI’s Capital Account as an Owner, ▇▇▇▇ shall be specially allocated all Losses for such Fiscal Year resulting from defaults, as determined pursuant to the ▇▇▇▇ Guaranty Agreements, on the ▇▇▇▇ Guaranteed Loans owned by the Trust to the extent that the Trust is not reimbursed for such Losses by ▇▇▇▇ as a guaranty payment pursuant to the ▇▇▇▇ Guaranty Agreements.
With respect to all Guaranteed Loans being acquired, a Guarantee Agreement is in full force and effect with respect thereto and is valid and binding upon the parties thereto in all material respects, Seller is not in default in the performance of any of its covenants and agreements made in such Guarantee Agreement, and such Guarantee is freely transferable as an incident to the sale of such Student Loan.
ACM and the Subsidiary Guarantors (together, the "Guarantors") desire to provide ARLP, ANMB and ANMB II with a limited guaranty of (i) the repayment of a certain portion of the principal balance of each of the Guaranteed Loans and (ii) the repurchase of a certain portion of the preferred capital contribution of ANMB in Central Jersey Prime Holdings LLC.
The proceeds of all Guaranteed Loans shall be used solely to fund Roy’s share of capital contributions to the Joint Venture and making the minimum required debt service payments to the lender of the Guaranteed Loans.
To the extent of any positive balance in TERI’s Capital Account as an Owner, T▇▇▇ shall be specially allocated all Losses for such Fiscal Year resulting from defaults, as determined pursuant to the T▇▇▇ Guaranty Agreements, on the T▇▇▇ Guaranteed Loans owned by the Trust to the extent that the Trust is not reimbursed for such Losses by T▇▇▇ as a guaranty payment pursuant to the T▇▇▇ Guaranty Agreements.
To the extent of any positive balance in TERI's Capital Account as an Owner, ▇▇▇▇ shall be specially allocated all Losses for such Fiscal Year resulting from defaults, as determined pursuant to the ▇▇▇▇ Guaranty Agreements, on the ▇▇▇▇ Guaranteed Loans owned by the Trust to the extent that the Trust is not reimbursed such Losses by ▇▇▇▇ as a guaranty payment pursuant to the ▇▇▇▇ Guaranty Agreements.
With respect to all Guaranteed Loans being acquired, a Guarantee Agreement is in full force and effect with respect thereto and is valid and binding upon the parties thereto in all material respects, Seller is not in default in the performance of any of its covenants and agreements made in such Guarantee Agreement, and such Guarantee is freely transferable as an incident to the sale of such Eligible Loan.
The Lender, however, will remain bound by all obligations under the Loan Note Guarantee and the program regulations found in 7 CFR parts 4279 subparts A and B and 4287 subpart B for Business and Industry Guaranteed Loans and 7 CFR part 4280 subpart B for Rural Energy for America Program loans.
With respect to any loan or other evidence of indebtedness all or a portion of which has been sold to or guaranteed by any governmental authority, including, but not limited to the Small Business Administration (collectively, the “Guaranteed Loans”), each of the Guaranteed Loans was made in compliance and conformity with all relevant laws, rule, regulations and procedures such that such governmental authority’s guaranty of such loan is effective during the term of such loan in all material respects.