Hotel Loan definition

Hotel Loan means the aggregate principal amount for the time being outstanding hereunder.
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Hotel Loan means that certain secured loan in the principal amount of $37,000,000 made by Hotel Lender to Hotel Owner, secured by, among other things, a deed of trust on the Hotel.
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Hotel Loan means the loan made by the City in favor of Gatehouse, as set forth in Article IX hereof.
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Examples of Hotel Loan in a sentence

  • For tax years beginning after December 31, 2015, the due date for most C corporation returns is the 15th date of the fourth month following the corporation’s tax year.

  • Reflects debt service amounts for the initial 10-year Hotel Loan period but does not include any additional prepayments that could be made at any time on or after July 1, 2018, including from excess net revenues of the Hotel or sale proceeds if the City decides to sell the Hotel.

  • See previous page for a schedule of outstanding subordinated junior lien debt issued by the City of Phoenix for the Hotel Loan.

  • As of the Petition Dates, the Debtors were in payment default under all of the loan agreements, except for the Seaboard Hotel Loan Agreement.

  • The Courtyard Marriott PropertyThe Commercial Loan Agreement, dated April 29, 2011, for the Courtyard Marriott Property was made between Seaboard Hotel, as borrower, and Webster Bank, National Association (“ Webster Bank”), as lender (as amended, restated, supplemented, or otherwise modified from time to time, and together with such supporting and ancillary documents thereto, the “Seaboard Hotel Loan Agreement”).

  • The Seaboard Hotel Loan Agreement provided for a mortgage loan to Seaboard Hotel in the aggregate principal amount of $18,500,000 (the “Seaboard Hotel Mortgage Obligation”), which amount was collateralized by the Courtyard Marriott Property.

  • Although the City’s current expectation is to retire or refinance the Hotel Loan before July 1, 2025, any unpaid principal remaining at that time will convert to a variable rate Hotel loan, at 9.2% per annum for a 180-day period and, thereafter, a variable rate with a maximum rate of 15% per annum.

  • Further, Dole’s retrospectively revised historical financial statements exclude the Hotel Loan, which totaled $115 million at the date of the Merger Transaction, and $135 million at January 3, 2009, and the resulting interest expense thereon.In connection with the Merger Transaction, $85 million of the Hotel Loan was assumed by Dole and, concurrent with the IPO, paid off with IPO net proceeds.

  • You and we both agree that the courts of the Netherlands or Belgium (depending on your residency) will have exclusive jurisdiction.

  • Guarantor is financially interested in the project and is materially benefited by the consummation of the Hotel Loan and has agreed to unconditionally guarantee the payment of one hundred percent (100%) of the Indebtedness represented by the Note.


More Definitions of Hotel Loan

Hotel Loan means those certain loans in the aggregate principal amount of $ made or to be made to an Affiliate of Owner.
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Hotel Loan means the loan made by the City in favor of Xxxxxxxxx, as set forth in Article IX hereof.
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Hotel Loan is defined in the Recitals to this Agreement.
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Hotel Loan means that certain acquisition and renovation loan from Lenders to Chase Park Plaza Hotel, LLC, a Delaware limited liability company (“Hotel Borrower”), in the maximum principal amount of $86,200,000.
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Hotel Loan means each advance of Loan Proceeds hereunder to a Hotel Borrower and secured by a Hotel Property.
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Hotel Loan means that certain loan in the amount of $9,421,500.00 from the Company to Xxxxx Investor.
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Related to Hotel Loan

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

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

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

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

  • Existing Loan means the loan identified on Exhibit H.

  • 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.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • PPP Loan has the meaning set forth in Section 3.28.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Initial Loan is defined in Section 2.1.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Credit Loan or a Swing Line Loan.

  • Commercial loan means a loan that is not made primarily for

  • LPMI Loan A Mortgage Loan with a LPMI Policy.