Mebane Loan definition

Mebane Loan means the borrowing by Maple from Lender on or about August 10, 2007 in the original principal amount of $8,000,000 which is secured by a first mortgage and lien in favor of Lender on the Mebane Premises. As of the date hereof, after giving effect to the execution and delivery of this Agreement, the outstanding principal amount of the Mebane Loan is $4,425,000.
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Mebane Loan means the borrowing by Maple from Lender of the sum of $5,040,000 for payment of part of the purchase price paid by Maple for the Mebane Premises and which is secured by a first mortgage and lien in favor of Lender on the Mebane Premises.
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Mebane Loan means the borrowing by Maple from Lender on or about August 13, 2007 of the principal amount of $8,000,000 which is secured by a first mortgage and lien in favor of Lender on the Mebane Premises.”
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Examples of Mebane Loan in a sentence

  • Lender has made the Mebane Loan to Maple, which loan is secured by a first mortgage and lien in favor of Lender on the Mebane Premises and all guarantees, security agreements and other agreements, documents and instruments now or at any time hereafter executed and/or delivered by Borrower, Maple or any other party in connection therewith, and is entitled to all of the benefits and rights of this Agreement, which loan shall be repaid according to the terms of the Mebane Note.

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  • The outstanding principal of the Term Loan is evidenced by the Term Loan Note and the Existing Mebane Loan Documents, bears interest at the LIBOR Rate plus the LIBOR Rate Margin and shall be repaid in monthly installments in the amount of $24,583.33 (together with interest thereon) which shall be due and payable on the first day of each month, with the final installment in the then remaining outstanding principal amount of the Term Loan, if any, due and payable on the Maturity Date.

  • Notwithstanding that Barber & Ross was in default, in March 2007, Wachovia loaned an additional $2 million dollars in order to obtain collateral interests in the sale of the Company's property located in Mebane NC ("Mebane Loan") which had not been previously provided to Wachovia as security.

  • CONTENTIONS OF THE PARTIES Wachovia contends that the Court should strike the Debtor’s demand for a jury trial and prayer for punitive damages based on language contained within the Mebane Loan1 and the Financing and Security Agreement.2 As to its contention concerning waiver of a jury trial, Wachovia points to pages 5 and 6 of the Mebane Loan, which states:WAIVER OF JURY TRIAL.


More Definitions of Mebane Loan

Mebane Loan means the borrowing by Maple from Lender of the sum of $5,040,000 for payment of part of the purchase price paid by Maple for
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Related to Mebane Loan

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Existing Loan means the loan identified on Exhibit H.

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

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

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.