Guaranteed Portion definition

Guaranteed Portion has the meaning set forth in the definition of RUS Guaranteed Loan.

Guaranteed Portion means the por- tion of the principal of a loan that is subject to the Guarantee.

Guaranteed Portion means, at any time with respect to any amount payable under this Agreement:

Examples of Guaranteed Portion in a sentence

• The same Collateral shall secure the entire Loan, including both the Guaranteed Portion and the Unguaranteed Portion.

• A non-Agent Lender must hold an in- terest in the Unguaranteed Portion of the Loan representing no less than five percent of such Lender’s total interest in the Loan; provided, that a non- Agent Lender may transfer its interest in the Unguaranteed Portion after pay- ment of the Guaranteed Portion has been made under the Guarantee.

• Any amount in excess of the principal balance of a Guaranteed Portion or of a Certificate balance.

• The Guarantee shall have no forceor effect if any part of the Guaranteed Portion of the Loan is transferred sepa- rate and apart from the Unguaranteed Portion of the Loan.

• The instru- ment representing a beneficial interest in the Guaranteed Portion of an indi- vidual 7(a) loan sold in the SBA Sec- ondary Market Program and carries a guarantee which is backed by the full faith and credit of the United States.

More Definitions of Guaranteed Portion

Guaranteed Portion means, as to any SBA 7(a) Loan or SBA 7(a) Loan Participation therein, the portion of the principal balance thereof together with interest thereon at a per annum rate in effect from time to time guaranteed by the SBA in accordance with the terms of the SBA Guaranty Agreement, the related SBA Authorization and Loan Agreement, and SBA Rules and Regulations.

Guaranteed Portion of any RUS Guaranteed Loan means that portion of principal of, and interest on, such RUS Guaranteed Loan which is guaranteed by the United States of America through the RUS as provided in clause (y).

Guaranteed Portion the portion of an Eligible SBA Loan which is guaranteed by the SBA.

Guaranteed Portion has the meaning set forth in the definition of RUS Guaranteed Loan. "Hazardous Substances" means any toxic, radioactive, caustic or otherwise hazardous substance, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics. "Indebtedness" with respect to any Person means: (1) all indebtedness which would appear as indebtedness on a balance sheet of such Person prepared in accordance with generally accepted accounting principles (i) for money borrowed, (ii) which is evidenced by securities sold for money or (iii) which constitutes purchase money indebtedness; (2) all indebtedness of others Guaranteed by such Person; (3) all indebtedness secured by any Lien upon property owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness; and (4) all indebtedness of such Person created or arising under any conditional sale or other title retention agreement (including any lease in the nature of a title retention agreement) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession of such property), but only if such property is included as an asset on the balance sheet of such Person; provided that, in computing the "Indebtedness" of such Person, there shall be excluded any particular indebtedness if, upon or prior to the maturity thereof, there shall have been deposited with the proper depositary in trust money (or evidences of such indebtedness) in the amount necessary to pay, redeem or satisfy such indebtedness, and thereafter such money and evidences of indebtedness so deposited shall not be included in any computation of the assets of such Person; and provided further that no provision of this definition shall be construed to include as "Indebtedness" of the Borrower or its Consolidated Subsidiaries any indebtedness by virtue of any agreement by the Borrower or its Consolidated Subsidiaries to advance or supply funds to Members or Consolidated Subsidiary Members. "Indenture" means either the 1972 Indenture, the 1994 Indenture or any other Indenture that provides for borrowing on terms not materially more disadvantageous to the Borrower's unsecured creditors than the borrowings under the 1972 Indenture or the 1994 Indenture, and "Indentures" means all such Indentures. 6

Guaranteed Portion means the amount of each Participated Loan balance that is guaranteed by the SBA.

Guaranteed Portion means the amount of an Eligible S.B.A. Guaranteed Loan multiplied by the percentage amount of the S.B.A. Guaranty applicable thereto.

Guaranteed Portion means that portion of an Advance or the Outstanding Balance, as applicable, which was used to fund the Guaranteed Amount of SBA Loans.