Replacement Loan Documents definition

Replacement Loan Documents means any future credit agreement, note, loan or similar agreement(s) or instruments, by and between Borrower and Replacement Lender, pursuant to which Replacement Lender shall Refinance all then-existing Indebtedness and other obligations owing from Borrower to OrbiMed or a Replacement Lender pursuant to the OrbiMed Loan Documents or any Replacement Loan Documents, and all other present and future documents, instruments and agreements relating thereto, including any Refinancing that may increase the principal amount of such Indebtedness and obligations, extend the maturity date therefor or otherwise impose different terms on the Borrower.
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Replacement Loan Documents means mortgage loan documents reasonably acceptable to Administrative Agent, between REO Subsidiary, as borrower and Seller, as lender, that are substantially similar to the Purchased Asset Documents for the applicable Purchased Asset subject to Conversion, and which, in any event, grant, convey and assign to Seller a first mortgage lien on and security interest in and to the applicable REO Property and a first priority lien on one hundred percent (100%) of the equity interests in the applicable REO Subsidiary, including, without limitation:
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Replacement Loan Documents has the meaning specified therefor in Section 3.07 of the Agreement.
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Examples of Replacement Loan Documents in a sentence

  • Such Replacement Loan Documents shall provide for a line of credit in the maximum principal amount of $45,000,000 and shall be satisfactory in all respects to Agent, each Lender, each Loan Party, and, as applicable, the parties to the Replacement Intercreditor Agreement (as defined below) and security agreement with respect to such Refinancing Indebtedness, all in such parties’ sole and absolute discretion.

  • Each Loan Party hereby understands and agrees that the Replacement Loan Documents may or may not provide for a collateral agent for the Collateral, and in the event that a collateral agent is provided for, such collateral agent shall be acceptable to the Agent and may, in the Agent’s sole discretion, be the Agent (such collateral agent, if applicable, being called, the “Replacement Collateral Agent”).

  • Notwithstanding anything to the contrary in that certain Eleventh Amendment to Loan and Security Agreement by and between Bank and Borrower dated as of December 4, 2014 (the “Eleventh Amendment”), Borrower hereby acknowledges and agrees that if Borrower, Malaysian Subsidiary and Bermuda Subsidiary fail to execute the Replacement Loan Documents, then Borrower shall pay the Eleventh Amendment Fee (as defined in the Eleventh Amendment) to Bank on September 25, 2015.

  • For purposes of clarification, no Eleventh Amendment Fee shall be charged if the Replacement Loan Documents are executed by Borrower, Malaysian Subsidiary and Bermuda Subsidiary.

  • If Borrower, Malaysian Subsidiary and Bermuda Subsidiary fail to execute such Replacement Loan Documents on a date not later than forty-five (45) days after the date of this Amendment (the “Replacement Loan Documents Due Date”), then Borrower shall be in immediate Event of Default under the Loan Agreement.


More Definitions of Replacement Loan Documents

Replacement Loan Documents means the "Loan Documents," as that term is defined in the Replacement Loan Contract.
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Replacement Loan Documents shall have the meaning set forth in Section 2.6(1).
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