Hillcore Loan definition

Hillcore Loan means the loan of the full proceeds of the Omni Investment from the Borrower to Hillcore for a term equal to the term of the Omni Investment at a rate of interest not less than the Fixed Rate (as defined in the Omni Loan Agreement) or, in the case of Default (as defined in the Omni Loan Agreement), the default rate.
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Hillcore Loan means the loan of the full proceeds of the Loan from the Borrower to Hillcore for a term equal to the Term at a rate of interest not less than the Fixed Rate (or in the case of Default, the default rate);
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Hillcore Loan means the loan of the full proceeds of the Omni Investment from the Borrower to Hillcore for a term equal to the term of the Omni Investment at a rate of interest not less than the Fixed Rate (as defined in the Loan Agreement) or, in the case of Default (as defined in the Loan Agreement), the default rate;
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Examples of Hillcore Loan in a sentence

  • The balance of the Hillcore Loan shall always be equal to or greater than the balance due under the Loan.

  • The Hillcore Loan Agreement will be in full force and effect for the term of the Loan.

  • Notwithstanding any other provision of this Agreement, the Hillcore Loan and the entering into of the Hillcore Loan Agreement and all transactions made in connection therewith shall be permitted hereunder.

  • The Loan shall be used by the Borrower to fund the Hillcore Loan.

  • The Borrower shall not make any loan or advance to, or purchase or otherwise acquire any Debt of, any other Person, other than the Hillcore Loan.

  • The Borrower shall not make any loan or advance to, or purchase or otherwise acquire any Debt of, any other Person other than the Hillcore Loan.

Related to Hillcore Loan

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Non-Discount Mortgage Loan Any Mortgage Loan with an Adjusted Net Mortgage Rate that is greater than or equal to the Required Coupon.

  • Discount Mortgage Loan Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Day Delinquent Mortgage Loan Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, three months or more past due (without giving effect to any grace period), including each Mortgage Loan in foreclosure, all REO Property and each Mortgage Loan for which the Mortgagor has filed for bankruptcy.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Loan Group IV The group of Mortgage Loans comprised of the Group IV Loans.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Simple Interest Mortgage Loan Those simple interest loans as noted on the Mortgage Loan Schedule under the data field designated “DSI.”

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.