Pool 2 Loan definition

Pool 2 Loan. Pursuant to a Loan and Security Agreement, dated as of the date hereof ("Loan Agreement 2"), between Albany Hotel, Inc., AMI Operating Partners, L.P., Apico Inns of GreenTree, Inc., Dedham Lodging Associates I, Limited Partnership, Lodgian Hotels Fixed II, Inc., Lodgian Augusta LLC, Lodgian Lafayette LLC and Lodgian Tulsa LLC (collectively, the "Pool 2 Borrowers") and Lender, Lender has made a loan in the amount of $67,864,000 ("Pool 2 Loan"), which Loan is evidenced by a Promissory Note dated as of the date hereof ("Note 2"), made by the Pool 2 Borrowers to Lender;
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Pool 2 Loan. Any of the Mortgage Loans designated on Exhibit F-2, having a term to maturity at origination or modification of not more than 30 years.
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Pool 2 Loan. Any Group II Loan identified on the Group II Loan Schedule as a Pool 2 Loan.
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Examples of Pool 2 Loan in a sentence

  • The Galileo Pool #1 Loan and the Galileo Pool #2 Loan allow for only one 5 day grace period for each year the loan is outstanding.

Related to Pool 2 Loan

  • 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 (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • 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.

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

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

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

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

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • 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.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Loan Advance The meaning specified in Section 2.2(a).

  • 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.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

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

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • 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.

  • Permitted Loan means any bona fide loan or other extension of credit entered into by a Series A Preferred Unitholder or any of its Affiliates with one or more financial institutions and secured by a pledge, hypothecation or other grant of security interest in Series A Preferred Units, Series A Conversion Units, Common Units, or other assets.

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

  • Simple Interest Mortgage Loan Those simple interest loans as noted on the Mortgage Loan Schedule under the data field designated “DSI.”

  • 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.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

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

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.