Illiquid Loan definition
Illiquid Loan means a Loan which is not a Liquid Loan.
Illiquid Loan. A Loan which is not a Liquid Loan.
Illiquid Loan means a Loan which is not a Liquid Loan. “Inclusion” means a substitution or contribution of Portfolio Assets to the Issuer pursuant to the Equity Contribution Agreement or any other acquisition of Portfolio Assets by the Issuer. “Inclusion Date” means (a) in the case of a substitution or contribution of Portfolio Assets to the Issuer pursuant to the Equity Contribution Agreement, the settlement date of substitution or contribution or (b) in the case of any other acquisition thereof by the Issuer, the Portfolio Asset Trade Date for the acquisition thereof by the Issuer. “Indebtedness” has the meaning given to such term in the Indenture. “Indenture” means the Indenture dated as of March 22, 2017, between ▇▇▇▇▇▇ ▇▇▇▇ Funding II, LLC and U.S. Bank National Association, as trustee, as amended, supplemented or otherwise modified from time to time.
Examples of Illiquid Loan in a sentence
The Trustee shall have no obligation to monitor or determine whether any Loan is an Illiquid Loan or whether a Performance Trigger has occurred with respect to any Loan.
Any Conduit Loan, Illiquid Loan or Mezzanine ---------- Loan originated by an originator other than the Borrower has been conveyed to the Borrower pursuant to a legal sale and is covered by an opinion of counsel to that effect in form and substance acceptable to the Lender.
More Definitions of Illiquid Loan
Illiquid Loan. A Loan which is not a Liquid Loan. “Illiquid Portfolio Asset”: A Portfolio Asset that is an Illiquid Loan or a Participation Interest in an Illiquid Loan. “Inclusion Date”: With respect to any substitution or contribution of a Portfolio Asset to the Borrower pursuant to the Sale Agreement or any other acquisition by the Borrower, the Portfolio Asset Trade Date for such substitution, contribution or acquisition, as applicable. “Inclusion/Amendment Date”: With respect to any Portfolio Asset, the later of (a) the Inclusion Date for such Portfolio Asset and (b) the most recent Amendment Date for such Portfolio Asset. “Increased Costs”: Any amounts that an Affected Party has notified the Borrower pursuant to Section 2.12(d) are required to be paid by the Borrower to an Affected Party pursuant to Section 2.12. “Indebtedness”: With respect to any Person at any date, (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services (other than current liabilities incurred in the ordinary course of business and payable in accordance with customary trade practices) or that is evidenced by a note, bond, debenture or similar instrument or other evidence of indebtedness customary for indebtedness of that type, (b) all obligations of such Person under leases that have been or should be, in accordance with GAAP, recorded as capital leases, (c) all obligations of such Person in respect of acceptances issued or created for the account of such Person, (d) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise become liable for the payment thereof, (e) all indebtedness, obligations or liabilities of that Person in respect of derivatives, and (f) all obligations under direct or indirect guaranties in respect of obligations (contingent or otherwise) to purchase or otherwise acquire, or to otherwise assure a creditor against loss in respect of, indebtedness or obligations of others of the kind referred to in clauses (a) through (e) above. “Indemnified Amounts”: The meaning specified in Section 10.1(a).
Illiquid Loan. The meaning specified in the Global Master Repurchase Agreement.
Illiquid Loan. A Loan that is not a Liquid Loan as of its Cut-Off Date.
Illiquid Loan means a first mortgage loan on commercial real ------------- estate, which is originated or purchased by the Borrower and which does not qualify as a Conduit Loan, and which Illiquid Loan includes, without limitation (i) a Mortgage Note and related Mortgage and (ii) all right, title and interest of the holder of such Mortgage Note in and to the Mortgaged Property covered by such Mortgage.