Defective Loan is any Mortgage Loan as to which there is an unremedied Material Defect.
Cooperative Loan Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.
Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.
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”.
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.
Competitive Loan means a Loan made pursuant to Section 2.04.
B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).
Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.
Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.
Tranche C Loan has the meaning specified in Section 2.01(c).
Tranche B Loan has the meaning specified in Section 2.01(b).
Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.
Interest Advance means an Advance made pursuant to Section 2.02(a).
Incremental Loan has the meaning set forth in Section 2.14(b).
Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:
Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.
Tranche A Loan shall have the meaning set forth in Section 2.01(a).
New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.
Term Advance has the meaning specified in Section 2.01(a).
Term Loan as defined in Section 2.1.
PIK Loan has the meaning set forth in Section 3.02(d).