Leverage Loan definition

Leverage Loan has the meaning set forth in the Recitals.
Leverage Loan means that certain loan by Leverage Lender to the Investment Fund in the amount of Six Million Six Hundred Sixty-Five Thousand and No/100 Dollars ($6,665,000.00) pursuant to the Leverage Loan Documents.
Leverage Loan means the Obligor’s loan of the Guaranteed Loan Funds to the Investment Fund.

Examples of Leverage Loan in a sentence

  • The distributions are in the amounts required for the Investment Fund (a) to pay interest due with respect to a Leverage Loan (or the economic return on an equity investment) made to the Investment Fund to fund a portion of the QEI and (b) to pay the Investment Fund’s projected operating expenses.

  • The distributions are used by the Fund to pay interest due with respect to a Leverage Loan (or the economic equivalent return on an equity investment) and pay operating expenses.

  • Section 4.01 When a single investor invests in a project that generates both NMTCs and HTCs, the investor often contributes NMTC equity and HTC equity to a single investment fund, which combines that equity with the proceeds of a leverage loan ("Leverage Loan") to the investment fund ("Fund") and contributes the combined proceeds to a certified community development entity ("CDE") that is generally, but not always, unrelated to the Fund or the investor.

  • Specifically, only the coefficient of the emerging economies dollar index is statistically significant when changes in the riskiness of new loans, secondary market liquidity of loans as a reason for tightening, and changes in the U.S. Leverage Loan 100 Index are regressed on the two dollar indices (see columns (5) through (8)).

  • Concrete residues will be disposed of at the Castle Junction Trade Waste Pit, or outside the Park at the proponents expense.

  • Aziz, K.K. The Murder of History: A Critique of History Textbooks Used in Pakistan.

  • If a Principal of the Developer Partnership makes a Leverage Loan to the Fund (which may be 100% owned by the investor), the proceeds of that Leverage Loan (together with the Fund equity) flow through the CDE into the Developer Partnership, either as a loan or an equity investment.

  • Therefore, through the Leverage Loan, the Principal of the Developer Partnership may be considered to have indirectly loaned to the investor funds that, after being funneled through the CDE, permit the investor to indirectly benefit from the CDE’s interest in the Developer Partnership.

  • The loan market began to recover in April 2020 and by year end the S&P/LSTA Leverage Loan Price Index returned to pre- pandemic levels.

  • This pressure has led to an increase in defaults, with the S&P/LSTA Lagging twelve-month Leverage Loan default rate increasing to 4.17% at its peak in September 2020, its highest level since March 2015.


More Definitions of Leverage Loan

Leverage Loan shall have the meaning set forth in the recitals to this Guaranty.

Related to Leverage Loan

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

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

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan:

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Combined Loan-to-Value Ratio or CLTV As of any date and as to any Second Lien Mortgage Loan, the ratio, expressed as a percentage, of the (a) sum of (i) the outstanding principal balance of the Second Lien Mortgage Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second Lien Mortgage Loan and which are secured by the same Mortgaged Property to (b) the Appraised Value as determined pursuant to the Underwriting Guidelines of the related Mortgaged Property as of the origination of the Second Lien Mortgage Loan.

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.