Repayment Loan definition

Repayment Loan means a Student Loan during a period of Repayment.
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Repayment Loan means any Loan automatically made to the Borrower by the Bank during the Availability Period in order to pay when due (i) interest on the principal amount of each outstanding Loan, (ii) Commitment Fees and (iii) other Obligations (other than the principal amount of any Loan).
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Repayment Loan means a Loan where the Borrower makes monthly payments of both interest and principal so that, when the Loan matures, the full amount of the principal of the Loan will have been repaid; Replacement Noteholders means the holders of the Replacement Notes;
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Examples of Repayment Loan in a sentence

  • The Comprehensive Award does not include the Amortizing Repayment Loan.

  • Each Loan Tranche may be an Index-Linked Redemption Loan Tranche, a Bullet Loan Tranche, a Scheduled Repayment Loan Tranche, a Controlled Repayment Loan Tranche, a Pass-Through Loan Tranche or a combination of any of the foregoing, depending upon the Redemption/Payment Basis shown in the applicable Loan Tranche Supplement.

  • Interest on each Loan shall be payable by the Borrower on each Interest Payment Date; provided, however, that on or prior to the Commitment Maturity Date, accrued and unpaid interest on each Loan shall be capitalized and added to the principal of such Loan on each Interest Payment Date and on the Commitment Maturity Date by means of a Repayment Loan which shall automatically be deemed made on each such date in the amount of interest due.

  • The Agent shall notify each Bank by 1:00 P.M. (Minneapolis time) on the date such Unpaid Drawing occurs of the amount of the Unpaid Drawing Repayment Loan to be made by such Bank.

  • In connection with the Loan Repayment Loan, the Company shall have obtained the Medley Payoff Statement.

  • The Company shall keep the Investor promptly informed of any event or circumstance that has resulted in, or is reasonably expected to result in, the Step-in Right becoming exercisable, and may not amend, modify, vary or waive any provision of the CB Repayment Loan if such amendment, modification, variation or waiver would result in such loan ceasing to qualify as a CB Repayment Loan as provided herein.

  • Buyer may also elect, upon written notice to Sellers, to redesignate as a Repayment Loan any Loan which designated as of the Effective Date as an Assumed Loan on Schedule 2.5, in which event such Loan shall become a Repayment Loan, rather than an Assumed Loan, and the provisions of Section 2.5(a) regarding Repayment Loans shall apply thereto.

  • Should a Borrower elect, subject to the consent of the Seller and the Servicer, to amend the terms of its Loan from an Interest-only Loan to a Repayment Loan, the relevant Loan would remain with the Issuer as part of the Portfolio, resulting in the Issuer and Noteholders receiving redemption payments on the relevant Loan and the relevant Notes respectively, earlier than would otherwise be the case.

  • Sellers are the borrowers under those certain loans listed on Schedule 2.5 attached hereto and made a part hereof (each a "Loan" and collectively the "Loans") made by the lenders set forth on Schedule 2.5 (each a "Lender" and collectively the "Lenders"), which Loans encumber the Properties as described on Schedule 2.5. Buyer intends to pay at the Closing, and not assume, those Loans which are identified on Schedule 2.5 as "Repayment Loans" (each a "Repayment Loan" and collectively the "Repayment Loans").

  • In the event such Lender Approval is not obtained within such one hundred and twenty (120) day period, such Loan shall become a Repayment Loan, rather than an Assumed Loan, and the provisions of Section 2.5(a) regarding Repayment Loans shall apply thereto, and the Closing of such Repayment Loan shall occur within ten (10) business days following the end of such one hundred and twenty (120) day period.


More Definitions of Repayment Loan

Repayment Loan means a Loan under the terms of which monthly instalments covering both interest and principal are payable by the Borrower until the Loan is fully repaid by its maturity in accordance with the relevant Loan Conditions;
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Repayment Loan means a Mortgage Loan where the Borrower makes monthly payments of both interest and principal so that, when the Mortgage Loan matures, the full amount of the principal of the Mortgage Loan will have been repaid;
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Related to Repayment Loan

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

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

  • 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.

  • Prepayment Account means an account established by the Borrower with the Administrative Agent and over which the Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this paragraph (h). The Administrative Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account in Permitted Investments that are described in clause (a), (b), (c) or (d) of the definition of such term and that mature prior to the last day of the applicable Interest Periods of the Eurodollar Term Borrowings or Eurodollar Revolving Borrowings to be prepaid, as the case may be; provided, however, that (i) the Administrative Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Administrative Agent to be in, or would result in any, violation of any law, statute, rule or regulation and (ii) the Administrative Agent shall have no obligation to invest amounts on deposit in the Prepayment Account if a Default or Event of Default shall have occurred and be continuing. The Borrower shall indemnify the Administrative Agent for any losses relating to the investments so that the amount available to prepay Eurodollar Borrowings on the last day of the applicable Interest Period is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest earned on such investments, the Prepayment Account shall not bear interest. Interest or profits, if any, on such investments shall be deposited in the Prepayment Account and reinvested and disbursed as specified above. If the maturity of the Loans has been accelerated pursuant to Article VIII, the Administrative Agent may, in its sole discretion, apply all amounts on deposit in the Prepayment Account to satisfy any of the Obligations. The Borrower hereby grants to the Administrative Agent, for its benefit and the benefit of the Fronting Bank, the Swingline Lender and the Lenders, a security interest in the Prepayment Account to secure the Obligations.

  • 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.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the Facility Repayment Date.

  • Default Loan has the meaning set forth in Section 3.02(b).

  • Loan repayment means the cancellation and repayment of loans

  • 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”.

  • 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.

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

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

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

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • 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.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

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

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

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

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

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.