Lender Loan definition

Lender Loan means a loan made by the MFA to a Mortgage Lender, pursuant to the Act and these Rules and Regulations, the proceeds of which are used directly or indirectly to make Project Mortgage Loans.

Lender Loan means the loan made by the Lender to the Borrower in the original principal amount not to exceed $ pursuant to the Lender Disbursement Agreement, as evidenced by the Lender Borrower Note and secured by the Lender Mortgage.

Lender Loan means the loan by the Lender to the Company in the principal amount of Eight Hundred Thousand Dollars ($800,000) as evidenced by the promissory note executed by the Company in favor of the Lender, dated as of January 31, 2008.

Examples of Lender Loan in a sentence

• Borrower covenants and agrees that, in performing any of its duties under this Loan Agreement, none of Lender, Loan Servicer or any of their respective agents or employees will be liable for any losses, claims, damages, liabilities and expenses that may be incurred by any of them as a result of such performance, except that no party will be released from liability for any losses, claims, damages, liabilities or expenses arising out of the willful misconduct or gross negligence of such party.

• This Agreement shall inure to the benefit of and bind the respective parties to this Agreement and their respective heirs, successors and assigns, including any party acquiring the Lender Loan or Lender’s Loan Documents by sale, assignment, or other transfer.

• In the event that either the Lender Loan or the 504 Loan is declared in default; Lender, CDC and SBA agree to cooperate in liquidating and/or selling the Collateral.

• All references herein to Lender, Loan or Mortgage or other similar words, whether in the singular or the plural, may be in anticipation of future Loans to be made by future Lenders.

• All documents evidencing the Lender Loan and Lender’s Security Instrument must comply with SBA 504 Loan Program requirements, including but not limited to those identified in the following subparagraphs, and, in the event one or more of the provisions in such documents do not comply with these requirements, Lender waives any right to enforce such provisions while the SBA Loan has any unpaid balance.

More Definitions of Lender Loan

Lender Loan means the loan in the principal amount of Eight Hundred Thousand Dollars ($800,000) made b y the Lender to the Company pursuant to the Lender Loan Documents.

Lender Loan means each Equipment Note issued by the Lessor to finance all or any part of the Equipment Cost with respect to any Unit leased to the Partner-ship pursuant to the Lease.

Lender Loan means and refer to that certain loan from [Lender] to the Borrower in the original principal amount of Million Six Hundred Thousand Dollars ($10,600,000), which will be secured by a first lien on the Shopping Center.

Lender Loan. COMMITMENT shall mean, with respect to each Lender's making of the Revolving Credit Loans, the obligation of such Lender to make Revolving Credit Loans under this Financing Agreement up to the aggregate principal amount outstanding at any time equal to the sum of its Revolving Credit Commitment and its Pro Rata Share of the Overadvance Availability. LENDER PARTY shall mean the Agent and each of the Lenders. LIBOR PERIOD shall mean a thirty (30) day, sixty (60) day, or ninety (90) day interest period with respect to Libor Rate Loans, as selected by a Borrower. LIBOR RATE shall mean, at any time of determination, the then highest prevailing London Interbank Offered Rate paid in London on thirty (30) day, sixty (60) day, or ninety (90) day dollar deposits from other banks as published two (2) days prior to the commencement of the applicable interest period, under "Money Rate," in the New York City edition of The Wall Street Journal or if there is no such publication or statement therein as to a Libor Rate, then in any publication used in the New York City financial community which was published two (2) days prior to the commencement of the applicable interest period.

Lender Loan means, with respect to any Lease, any Security issued by or ----------- loan made to a Lessor to finance all or any part of the Equipment Cost with respect to any Equipment Unit leased to the Company pursuant to such Lease.

Lender Loan means the loan in the principal amount of Five Million Eight Hundred Seventy-Five Thousand Dollars ($5,875,000) made by the Lender to the Company pursuant to the Lender's commitment therefor.

Lender Loan. Commitment shall mean, with respect to each Lender's making of the Revolving Credit Loans, the obligation of such Lender to make Revolving Credit Loans under this Financing Agreement up to the aggregate principal amount outstanding at any time set forth below: Lender Pro Rata Share of Pro Rata Share of Revolving Credit Amount of Revolving Overadvance Amount of Discretionary Facility Credit Commitment Availability Overadvance Availability ----------------- ------------------- ----------------- ------------------------ CITBC 100% $20,000,000 100% $3,000,000 Lender Party shall mean the Agent and each of the Lenders.