Mirror Loan definition

Mirror Loan means the loan made on or about the Lion Acquisition Closing Date by the Borrower to Newco in an aggregate amount of approximately $1,420,000,000 (or any other increased amount necessary to consummate the Lion Transactions).
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Mirror Loan means the loan made on or about the Lion Acquisition Closing Date by the Borrower to Newco in an aggregate amount of approximately
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Examples of Mirror Loan in a sentence

  • This is the lowest noncurrent rate for the industry since third quarter 2007.Reserve Allocations Mirror Loan Performance TrendsBanks increased their reserves for loan and lease losses by $2.1 billion (1.8 percent) during the quarter, as loss provisions of $13.8 billion exceeded net charge-offs of $11 billion.

  • Any amount applied against a Mirror Loan shall thereupon be applied by the Partnership against the optional Advance.

  • On, or as soon as reasonably practicable after the Distribution Date, the Holder of the Allowed Mirror Loan Note Claim shall receive in full satisfaction, settlement, release, and discharge of and in exchange for such Allowed Mirror Loan Note Claim, Cash equal to the amount of the Real Estate Collateral Proceeds.

  • Where reference is made to a clause or section number in a Mirror Loan, this should be understood to refer to the equivalent clause or section if the numbering differs.

  • The Mirror Loan Note Claim consists of all claims of NSC (including principal and interest accrued at the non-default rate through thePetition Date) against Pueblo based upon the Mirror Loan Note outstanding as of the Petition Date.

  • In the case of an Optional Advance to the Partnership, the Noncontributing Partner shall have the right to repay to the Partnership the principal amount of any Mirror Loan plus accrued interest thereon within 45 days from the date that such optional Advance was made, and the Partnership shall thereupon repay to the contributing Partner the principal amount of the Optional Advance plus all accrued interest thereon.

  • Each Holder of an Allowed Class 4A Pueblo Trade Claim will receive in full satisfaction, settlement, release, and discharge of and in exchange for such Allowed Pueblo Trade Claim, the sum of (i) its Pro Rata share, with the Holders of Allowed Class 4B Claims, of the initial distribution of the Net Pueblo Liquidation Proceeds and (ii) its Pro Rata share of the Mirror Loan Transfer.

  • Upon such conversion of an optional Advance, any corresponding Mirror Loan shall be cancelled.

  • Following the date all Holders of Class 4A Claims have been paid 98% of their Allowed Class 4A Claims, all distributions that would otherwise be payable to the Holders of such Claims shall be paid to the Holder of the Allowed Mirror Loan Transfer Claim.

  • Pueblo General Unsecured Claims include, without limitation, litigation Claims, the FLBN-Pueblo Allowed Intercompany General Unsecured Claim, PBGC Allowed General Unsecured Claim, ASM Allowed Class 4B Pueblo General Unsecured Claim, employee Claims, pension Claims, any Mirror Loan Transfer Claims, lease rejection Claims filed in accordance with Article VI.P.2 against Pueblo and all other Unsecured Claims (except Pueblo Trade Claims) asserted against Pueblo.

Related to Mirror Loan

  • 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.

  • 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.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • 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”.

  • 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.

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

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

  • 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.

  • 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.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Existing Loan means the loan identified on Exhibit H.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Refinancing Loan has the meaning specified in Section 2.15(b).

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

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Term Loan has the meaning specified in Section 2.01(b).

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

  • 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.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • 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.