Institutional Loans definition

Institutional Loans as defined in Section 4.1 of the Project Loan Agreement.
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Institutional Loans means the Tranche A Institutional Loans and/or the Tranche B Institutional Loans, as applicable.
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Institutional Loans means loans offered directly by Respondent to Students.
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Examples of Institutional Loans in a sentence

  • In addition (but without duplication of any amounts payable pursuant to the proviso of the preceding sentence), if any Event of Default shall occur, the principal amount of all outstanding Institutional Loans shall bear interest at the Institution Default Rate from the date on which such Event of Default occurred until the date on which no Event of Default shall be continuing.

  • Each borrowing of Institutional Loans shall be on a Borrowing Date; provided that the Borrower shall deliver to each Institution (with copies to the Administrative Agent and the Independent Engineer) an Extension of Credit Request substantially in the form of Exhibit B-2 (which request, to be effective on the requested Borrowing Date, must be received by each Institution, the Administrative Agent and the Independent Engineer at least 10 Business Days prior to the requested Borrowing Date).

  • The Borrower shall repay the Institutional Loans in quarterly installments of principal on each Loan Installment Payment Date specified on Schedule 4 (each, an "Institutional Loan Installment Payment Date") to and including the Institutional Loan Final Maturity Date.

  • In addition, the Borrower shall, on the date of any prepayment pursuant to this Section 7.3(h), be required to pay to the Institutions accrued interest on the Institutional Loans prepaid and any Make-Whole Premium payable pursuant to Section 7.7(b) with respect thereto.

  • If the Borrower shall receive any Buy-Down Amount Proceeds, the Borrower shall, on the date it becomes aware that such amounts will be payable to it under the Facility Construction Contract, provide notice thereof to the Administrative Agent and the Institutions (the "Buy-Down Prepayment Notice"), and shall prepay the Bank Loans and/or Institutional Loans in accordance with this Section 7.3(c) and Section 7.5 in an amount equal to such Buy-Down Amount Proceeds.

  • Any reduction in the Total Loan Commitments pursuant to the foregoing sentence shall permanently and automatically reduce (a) the Total Bank Project Loan Commitments by an amount equal to the aggregate principal amount of any Bank Loans which were prepaid pursuant to any such Section and (b) the Total Institutional Commitments by an amount equal to the aggregate principal amount of any Institutional Loans which were prepaid pursuant to any such Section.

  • Interest on Institutional Loans shall be calculated on the basis of a 360-day year consisting of twelve 30-day months.

  • Each payment (including each prepayment) by the Borrower on account of principal of and interest on the Institutional Loans shall, except as provided in Section 7.5(b), be made pro rata according to the respective outstanding principal amounts of the Institutional Loans then held by the Institutions.

  • Any portion of Institutional Loans deposited into the Institutional Loan Proceeds Account on a Monthly Construction Disbursement Date which is not transferred from the Institutional Loan Proceeds Account on such date in accordance with this paragraph (a) shall be retained in the Institutional Loan Proceeds Account pending further application in accordance with paragraph (b) or (c) below or, during a Default Period, Section 5.15.

  • In the event, with respect to any Institution, the Borrower elects to prepay the Institutional Loans held by such Institution in accordance with Section 7.4 and, in connection with such prepayment, such Institution has agreed to receive a Modified Make-Whole Premium in connection with such prepayment, the Borrower agrees to pay to such Institution an amount equal to, with respect to the aggregate principal amount of Institutional Loans which were so prepaid, the applicable Modified Make-Whole Premium.

Related to Institutional Loans

  • Institutional Lender means one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts, any other lender regularly engaged in financing the purchase, construction, or improvement of real estate, or any assignee of loans made by such a lender, or any combination of any of the foregoing entities.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Institutional facility means an organization whose primary purpose is to provide a physical environment for patients to obtain health care services and shall not include those places where physicians, dentists, veterinarians, or other practitioners, who are duly licensed, engage in private practice.

  • Educational loan means a loan made by the authority to an institution.

  • 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.

  • Qualified Institutional Lender means each of the Initial Note Holders and any other U.S. Person that is:

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Conventional Loan A Mortgage Loan that is not insured by the United States Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Institutional means lands or Buildings used or designed or intended for use by an organized body, society or religious group for promoting a public or non-profit purpose and shall include, without limiting the generality of the foregoing, Places of Worship, medical clinics and Special Care Facilities;

  • Replacement Loans has the meaning specified in Section 10.01.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Institutional Client means a major commercial bank, corporation, insurance company, or substantially similar institution, which, as a substantial part of its business operations, purchases or sells securities and makes use of custodial services.

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

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Institutional pharmacy means the physical portion of an institutional facility that is engaged in the compounding, dispensing, and distribution of drugs, devices, and other materials, hereinafter referred to as ‘drugs’, used in the diagnosis and treatment of injury, illness, and disease and which is permitted by the State Board of Pharmacy.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Institutional fund means a fund held by an institution exclusively for charitable purposes. The term does not include:

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Institutional Accredited Investors Institutions that are “accredited investors” within the meaning of Rule 501(a) (1), (2), (3) or (7) of Regulation D under the Act or any entity all of the equity owners of which are such institutions.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

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

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

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