HF Loan definition

HF Loan has the meaning set forth in Section 6.4.

Examples of HF Loan in a sentence

• In consideration of Development Manager’s Services hereunder, Owner shall pay to Development Manager a fee (the “Development Manager Fee”), equal to three and one-half percent (3.5%) of the total Project Costs (including both Hard Costs and Soft Costs, but exclusive of the cost of the Land, as reflected in the Development Budget) minus the original principal balance of the HF Loan (as defined in the LLC Agreement).

• The HF Loan is to be treated as a partial sale of the Property as provided in Section 3.3(c) of Exhibit “A”.

• As long as there are amounts outstanding under both the HF Loan and the Skechers Loan, payments on such loans will be made on a pro rata basis (according to the total unpaid principal balances of each of such loans, except as provided in Section 5.2(c)).

• The HF Loan will bear interest at the rate of six percent (6%) per annum, with interest and principal payable monthly from the first Available Cash (prior to any distributions of Available Cash to the Members), with any unpaid balance of interest and principle payable upon the earlier to occur of the refinancing or sale of the Project, or the liquidation of the Company (again, before any distributions of Available Cash to the Members except as provided in Section 5.2(c)).

• The Skechers Loan shall be payable at the same times and manner, and shall bear the same rate of interest as the HF Loan.

• However, if the efficient contracting hypothesis is prevalent, CEO relative compensation is the reflection of CEO’s capacity and efforts, thus will benefit the long-term performance (Merhebi et al., 2006; Bugeja, Matolcsy, and Spiropoulos, 2017).

• The Notes will be amended if the HF Loan or the Skechers Loan is increased as provided herein.

• A number of recently published studies highlight the importance of public spending as a stabilizer in an economic downturn (e.g. Ghilarducci et al.

• If additional capital is needed to perform the Company’s or Subsidiary’s obligation under the Lease to pay or reimburse Skechers for the costs of storage of Skechers’ property, such capital shall be funded by HF (or its Affiliate), at its own expense, and such amount shall not be considered income of the Company or any Subsidiary, or a loan or a Capital Contribution to the Company or any Subsidiary, or an increase in the HF Loan or an increase in HF’s Capital Account.

• Provided, however, that cost overruns resulting from an Event of Default by HF under this Agreement or a default by the Development Manager under the Development Management Agreement, or which involves the gross negligence, fraud or willful misconduct of HF (or its Affiliate) shall not be considered an increase in the HF Loan.