Loan Debt definition

Loan Debt means all liabilities payable or owing by the Obligors to the Finance Parties under or in connection with the Finance Documents (other than under or in connection with any Hedging Document).
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Loan Debt has the meaning given to such term in Article IX(c).
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Loan Debt means all indebtedness and other sums due and owing to Purchaser’s construction and mezzanine lender under the applicable loan documents, including principal and interest at the non-default rate, late charges, fees and expenses, and any prepayment premiums; provided, however, in the event that the Repurchase Closing occurs after a foreclosure (or deed in lieu of foreclosure) of Purchaser’s loan(s), the Loan Debt shall mean the sum of (x) all principal and interest, at the non-default rate, due and owing under the loan documents as of the date of foreclosure (or deed in lieu of foreclosure) of such loan, (y) all construction costs, property taxes, insurance costs, and other expenses incurred or advanced by the lender(s), or other successor(s) in interest to Purchaser as owner of the Property, following any such foreclosure or deed in lieu of foreclosure for the purpose of preserving the value of Purchaser’s Proposed Project, and (z) interest at the non-default rate provided in such loan agreement(s) on all of the foregoing amounts from and after the date of foreclosure (or deed in lieu of foreclosure) of such loan(s) through the date of the Repurchase Closing.
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Examples of Loan Debt in a sentence

  • The sixth Monthly Loan Deposit shall be at least equal to the amount required to make the total on deposit in the Loan Debt Service Account equal to the Semiannual Loan Payment amount, taking into consideration investment earnings credited to the account pursuant to Section 3.02.

  • The investment earnings shall be credited to the Loan Debt Service Account and applied toward the Monthly Loan Deposit requirements.

  • Moneys on deposit in the Loan Debt Service Account shall be invested pursuant to the laws of the State of Florida.

  • Borrower has no defenses, offsets, counterclaims or deductions to all or any portion of the Secured Obligations, including Borrower’s obligation to repay the Outstanding Loan Debt, and, to the extent any such defenses, offsets, counterclaims or deductions against Lender exist as of the date of this Agreement, with or without Borrower’s knowledge, they are hereby forever waived and released by Borrower.

  • The withdrawal of moneys from the Loan Debt Service Account shall be for the sole purpose of making the Semiannual Loan Payment or for discharging the Project Sponsor’s obligations pursuant to Section 8.01.

  • The Project Sponsor shall establish a Loan Debt Service Account with a Depository and begin making Monthly Loan Deposits no later than the date set forth for such action in Section 10.07 of this Agreement.

  • The Local Government shall establish a Loan Debt Service Account with a Depository and begin making Monthly Loan Deposits no later than the date set forth for such action in Section 10.07 of this Agreement.

  • The withdrawal of moneys from the Loan Debt Service Account shall be for the sole purpose of making the Semiannual Loan Payment or for discharging the Local Government’s obligations pursuant to Section 8.01.

  • From the gross sales receipt landlords can deduct staircasing allowance and any Deemed Loan Debt apportioned as appropriate as eligible deductions.

  • All collateral for (and guaranties) of the Loan Debt and any other Obligations owing to McKesson shall remain as security for (or guaranties of) the Restructure Note, subject to any existing written subordination agreements signed by McKesson.


More Definitions of Loan Debt

Loan Debt of a Person means of indebtedness of such Person for borrowed money in the form of loans from institutional lenders or debt securities issued by such Person, including principal and accrued but unpaid interest thereon, but excluding trade payables and obligations incurred in the ordinary course of business.
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Loan Debt means any Debt arising pursuant to the terms of this Agreement, the Note or any other Loan Documents other than Hedge Debt.
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Loan Debt. All loans, notes, or obligations which use the TKA Lease as collateral, including any leasehold mortgage, must be approved by the TRINITY Diaconate or vote of the TRINITY Congregation. TKA shall not encumber or pledge as collateral any property which belongs to TRINITY absent consent of TRINITY, which includes a vote by the TRINITY Congregation. The Session of TRINITY has agreed that, with 90% of the funds for the cost of the project in hand (cash not pledges), TKA can borrow the remaining 10% of the total cost of any project, up to a maximum of $250,000, to be adjusted annually based on inflation. When TKA has 90% of the total cost of the project in hand, the TRINITY Session will recommend that the Congregation approve any request by TKA to borrow the remaining 10%, up to the cap of $250,000, to be adjusted annually based on inflation. However, approval by the Congregation is required for any loan by TKA which in any way impacts the TRINITY property or control of it. A waiver of this provision can be requested by the TKA Board directly to the TRINITY Session which will then petition the Congregation for their approval of any loan outside the parameters set forth above. TRINITY shall have no legal obligation to make any payments on said loans. Should TKA become aware that it is going to default on a loan, then TKA shall, as soon as practicable but in no event more than fifteen (15) days after the date said payment became due, notify TRINITY of said missed payment. Further TKA hereby gives the lender the authority and obligation to communicate all details concerning the loan status to TRINITY in the event of a missed payment and/or default. In the event of a judgment of foreclosure of any leasehold interest against TKA or any interest in the School Property, this first constitutes an event of default and terminates the lease; second however, TKA grants TRINITY the right to satisfy the indebtedness after which TKA will voluntarily convey all assets to TRINITY including, but not limited to, all personal property, bank accounts and accounts receivable. In the event TRINITY procures any indebtedness on School Property, any mortgage will be subject to the leasehold interest of TKA as defined in this agreement and documents incorporated herein. Should TRINITY become aware that it is going to default on a loan, then TRINITY shall, as soon as practicable but in no event more than fifteen (15) days after the date said payment became due, notify TKA of said missed pa...
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Related to Loan Debt

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted Pari Passu Refinancing Debt, (b) Permitted Junior Refinancing Debt, or (c) Permitted Unsecured Refinancing Debt obtained pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, Incremental Term Loans, Refinancing Term Loans, Prepetition Subsidiary Debt, Revolving Credit Loans, Incremental Revolving Credit Commitments or Refinancing Revolving Credit Loans hereunder (including any successive Credit Agreement Refinancing Indebtedness) (“Credit Agreement Refinanced Debt”); provided that (i) such extending, renewing or refinancing Indebtedness is in an original aggregate principal amount not greater than (A) the aggregate principal amount of the Credit Agreement Refinanced Debt, plus (B) accrued, capitalized and unpaid interest thereon, any fees, premiums (including any makewhole), accrued interest associated therewith, or other reasonable amount paid, and fees, costs and expenses, commissions or underwriting discounts incurred in connection therewith, (ii) the terms applicable to such Credit Agreement Refinancing Indebtedness comply with the Required Debt Terms, (iii) such Credit Agreement Refinanced Debt (other than unasserted contingent indemnification or reimbursement obligations and letters of credit that have been cash collateralized, rolled into another credit facility or backstopped in accordance with the terms thereof) shall be repaid, defeased or satisfied and discharged, and (unless otherwise agreed by all Lenders holding such Credit Agreement Refinanced Debt) all accrued interest, fees and premiums (if any) in connection therewith shall be paid on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained and (iv) in the case such Credit Agreement Refinanced Debt is Prepetition Subsidiary Debt and the Credit Agreement Refinancing Indebtedness in respect thereof is in the form of MFN Qualifying Term Loans, then the MFN Adjustment shall be made to the Initial Term Loans to the extent otherwise required under Section 2.14(b) as if such Credit Agreement Refinancing Indebtedness were incurred thereunder (other than to the extent such Indebtedness constitutes a customary bridge facility, so long as the long-term Indebtedness into which such customary bridge facility is to be converted or exchanged would not otherwise be subject to the MFN Adjustments).

  • Refinancing Debt means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or any Restricted Subsidiary pursuant to the terms of this Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors, but only to the extent that

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.