Parallel Loan definition

Parallel Loan means the loan provided under the Parallel Loan Agreement; "Parallel Loan
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Parallel Loan has the meaning as defined in subparagraph (m) of ------------------ paragraph 11.01.
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Parallel Loan means that item of Existing Indebtedness of the Borrower identified as such on Schedule 5.22. 75 [CONFORMED COPY WITH EXHIBITS G, H, AND I CONFORMED AS EXECUTED]
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Examples of Parallel Loan in a sentence

  • If the Securitization Lender declines to make a requested Advance, the Securitization Lender will, upon the request of the Borrower, unless the "Termination Date" has occurred under the Parallel Loan Commitment, assign all of the Capital outstanding hereunder to the Committed Lenders pursuant to the terms of the Parallel Loan Commitment.

  • The ------------------------------------------------------------ parties to this Agreement hereby acknowledge that the Borrower Reserve Account established pursuant to this Agreement shall be the same account established pursuant to the Parallel Loan Commitment and shall equally and ratably secure the obligations of the Borrower under this Agreement and the Parallel Loan Commitment.

  • If at any time the Parallel Loan Documents have the benefit of any provision that is more favorable to similar provisions in this Loan Agreement or other Transaction Documents, then if IFC so requests, this Loan Agreement and the Transaction Documents shall be amended or supplemented to incorporate such more favorable provision.

  • Nothing contained in this Agreement or the Parallel Loan Commitment shall obligate the Borrower to establish a separate account for each such agreement.

Related to Parallel Loan

  • Parallel Obligations means the independent obligations of any of the Grantors arising pursuant to the First Lien Intercreditor Agreement to pay to the Collateral Agent sums equal to the sums owed by such Grantor to the other Secured Parties (or any of them) under the Credit Documents.

  • PIK Loan means a Loan to an Obligor, which provides for a portion of the interest that accrues thereon to be added to the principal amount of such Loan for some period of the time prior to such Loan requiring the cash payment of interest on a monthly or quarterly basis.

  • Parallel Debt has the meaning assigned to such term in Section 9.21.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • 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”.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • 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.

  • 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).

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Existing Loan means the loan identified on Exhibit H.

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

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

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

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

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

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

  • 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.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • 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;

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

  • CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

  • U.S. Loan means an extension of credit by a Lender to the U.S. Borrower under Article 2 in the form of a U.S. Committed Loan, a U.S. Bid Loan or a U.S. Swing Line Loan.

  • 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.