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.
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
Tranche A Loan shall have the meaning set forth in Section 2.01(a).
Term A Loan is defined in Section 2.2(a)(i) hereof.
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;
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”.
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.
Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.
Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.
Incremental Loan has the meaning set forth in Section 2.14(b).
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Term Loan has the meaning specified in Section 2.01(b).
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.
L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.
Loan Advance The meaning specified in Section 2.2(a).
PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.
Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.
Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.
Tranche C Loan has the meaning specified in Section 2.01(c).
Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.
CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.
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.
Term B Loan is defined in Section 2.2(a)(ii) hereof.
Floating Rate Loan means a Loan which bears interest at the Floating Rate.
Bid Loan has the meaning specified in Section 2.03(a).