Examples of Loan Indebtedness in a sentence
The Borrower acknowledges that the Prepayment Premium is a reasonable approximation of the net economic loss that would be sustained or incurred by the Lender as a result of the prepayment of all or any portion of the Loan Indebtedness.
The indemnity obligations of Borrower under this Section shall survive the payment in full of the Loan Indebtedness.
Unless a Credit Event or an Unmatured Credit Event has occurred and is continuing, the Servicer shall refrain during any Response Period from taking any legal action against the Defaulted Borrower under the Defaulted Loan which is the subject of such Response Period, and from accelerating payment of the Loan Indebtedness under such Defaulted Loan but the Servicer shall cease funding any further Advances pursuant to the Loan Commitment to such Defaulted Borrower.
The Loan Indebtedness shall also be secured by any other property (whether real or personal) in which Borrower may have heretofore or concurrently herewith granted, or may hereafter grant, a Lien in favor of Bank.
Upon full repayment of the Loan Indebtedness, it is understood and agreed that the Lender will refund to the Borrower the balance of the Interest Reserve, if any, and if applicable will instruct the Lender’s solicitors to do so.