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

  • 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.

  • 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.

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

  • 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.

  • With respect to each Property which is the subject of a Repayment Loan, upon the Closing of such Loan, Sellers shall deposit with Escrow Holder in accordance with Section 2.3, an amount equal to the outstanding amount of such Repayment Loan, which Escrow Holder shall cause to be paid to such Lender upon the Closing of such Property.

  • The Seller Parties will have taken such action, or have caused the Group Companies to have taken such action, such that none of the Group Companies has any outstanding indebtedness for borrowed money, other than in connection with the Loan Repayment Loan and any liabilities incurred in the ordinary course of business of the Group Companies consistent with past practice.

  • 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.

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


More Definitions of Repayment Loan

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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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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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 for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • 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.