Outstanding Loans definition

Outstanding Loans means, as to any Lender at any time, the aggregate principal amount of all Loans made or maintained by such Lender then outstanding.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Outstanding Loans has the meaning given to such term in Section 2.21(e).

Outstanding Loans means, as of any date, the unpaid principal amount of all Loans outstanding hereunder on such date, after giving effect to all repayments of Loans and the making of new Loans on such date.

Examples of Outstanding Loans in a sentence

• The Outstanding Loans and Letter of Credit Liabilities as reflected on the records of the Agent from time to time shall be considered prima facie evidence of such amount absent manifest error.

• If on any Determination Date, the Servicer determines that there are no Outstanding Loans and no other funds or assets in the Trust Fund other than the funds in the Certificate Account, the Servicer shall direct the Trustee in writing promptly to send a final distribution notice to each Certificateholder.

• The Outstanding Loans as reflected on the records of the Agent from time to time shall be considered prima facie evidence of such amount absent manifest error.

• The Outstanding Loans and Letter of Credit Liabilities as reflected on the records of the Agent from time to time shall be considered prima facie evidence of such amount.

• The Outstanding Loans as reflected on the records of the Agent from time to time shall be considered prima facie evidence of such amount.

More Definitions of Outstanding Loans

Outstanding Loans means, as to any Lender at any time, the aggregate principal amount of all Loans made or maintained by such Lender then outstanding; provided, however, that for purposes of any calculation of the Outstanding Loans, any then outstanding Swingline Loans shall be deemed allocated among the Lenders (other than the Swingline Lender in its capacity as such) in accordance with their respective Applicable Percentages.

Outstanding Loans means on the date of determination thereof the aggregate unpaid principal amount of each Loan made hereunder.

Outstanding Loans means, with respect to any Borrower, the aggregate principal amount of all outstanding Loans to such Borrower.

Outstanding Loans has the meaning specified in Section 2.04(b)(v).

Outstanding Loans shall have the meaning set forth in the recitals ----------------- hereto.

Outstanding Loans means the sum of the cash amounts paid to the Borrower by the Lenders in connection with each Incremental Borrowing minus (a) the aggregate amount of proceeds of Collections received and applied by the Administrative Agent to reduce such Outstanding Loans pursuant to Section 2.05, 2.06 or 2.09 of this Agreement (b) any amounts on deposit in the Funding Account pursuant to Section 2.06(a) hereof; and (c) any additional amount paid to the Lenders by the Borrower; provided that the Outstanding Loans shall be restored and reinstated in the amount of any Collections so received and applied if, at any time, the distribution of such Collections is rescinded or must otherwise be returned for any reason.

Outstanding Loans means, as to any Lender at any time, the aggregate principal amount of all Loans made or maintained by such Lender then outstanding; provided, however, that for purposes of any calculation of the Outstanding Loans, any then outstanding Swingline Loans shall be deemed allocated among the Lenders (other than the Swingline Lenders in their respective capacities as such) in accordance with their respective Applicable Percentages.