SECTION 467 LOAN definition

SECTION 467 LOAN with respect to the Facility Lease, shall have the meaning specified in Section 3.2(d) of the Facility Lease.
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SECTION 467 LOAN has the meaning set forth in Section 11(f).
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SECTION 467 LOAN means any loan arising under and pursuant to Section 467 of the Code in connection with the Facility Lease.
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Examples of SECTION 467 LOAN in a sentence

  • In connection with any termination of this Agreement with respect to any Site for any reason, Allocated Rent for such Site shall cease to accrue and the Section 467 Loan balance (including all accrued interest thereon) for such Site shall be deemed to be repaid for all purposes.

  • In no event shall any principal or interest on any Section 467 Loan, or any Proportional Rent or Allocated Rent be separately payable as such (including upon any termination of this Agreement with respect to a Site), it being agreed and understood that these items represent characterizations for federal income Tax purposes only, including in any case of termination of this Agreement.

  • In either case, upon payment of such amounts, (a) Allocated Rent shall cease to accrue, this Facility Lease, and the Facility Lessee's obligation to pay Basic Lease Rent or Renewal Lease Rent hereunder, as the case may be, shall terminate, except for covenants that survive pursuant to the express terms of any Operative Document and (c) the Owner Lessor shall pay to the Facility Lessee the Lessor Section 467 Loan Balance, if any, determined as of the Termination Value Payment Date.

  • If there shall be a Lessor Section 467 Loan Balance, the Owner Lessor shall deduct interest expense and the Facility Lessee shall accrue interest income, in each case, in an amount equal to the amount set forth under the caption "Lessor Section 467 Interest" for the applicable Rent Payment Period on SCHEDULE 1-3 hereto (the "LESSOR SECTION 467 INTEREST").

  • Upon payment of all amounts due under this section, the Owner Lessor shall pay to the Facility Lessee the Lessor Section 467 Loan Balance, if any, determined as of the Obsolescence Termination Date.

  • The Owner Lessor shall pay to the Facility Lessee the Lessor Section 467 Loan Balance, if any, determined as of such Termination Date.

  • If there shall be a Lessee Section 467 Loan Balance, the Owner Lessor shall accrue interest income and the Facility Lessee shall deduct interest expense, in each case, in an amount equal to the amount set forth for the applicable Rent Payment Period on SCHEDULE 1-3 hereto (the "LESSEE SECTION 467 INTEREST").

  • Upon payment of such amounts due under this paragraph by the Facility Lessee, Allocated Rent shall cease to accrue and this Facility Lease, and the Facility Lessee's obligation to pay Basic Lease Rent or Renewal Lease Rent, as the case may be, shall terminate and the Owner Lessor shall pay to the Facility Lessee the Lessor Section 467 Loan Balance, if any, determined as of the Termination Value Payment Date.

  • Unless this Facility Lease continues pursuant to Section 14.5, on the Obsolescence Termination Date, the balance of the Lessor Section 467 Loan Balance or the Lessee Section 467 Loan Balance (as the case may be) shall be reduced to zero and shall be fully discharged for all purposes.

  • If the applicable amount of the Section 467 Loan set forth on SCHEDULE 1-3 hereto is positive, such amount (the "LESSOR SECTION 467 LOAN BALANCE") represents a loan from the Facility Lessee to the Owner Lessor; if the applicable amount of the Section 467 Loan set forth on SCHEDULE 1-3 hereto is negative, such amount (the "LESSEE SECTION 467 LOAN BALANCE") represents a loan from the Owner Lessor to the Facility Lessee.


More Definitions of SECTION 467 LOAN

SECTION 467 LOAN shall have the meaning specified in Section 3.2(c) of the Facility Lease.
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SECTION 467 LOAN has the meaning set forth in § 3.2.1(a)(ii) of the Lease.”
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SECTION 467 LOAN has the meaning given such term in Section 3.1 of the Lease.
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SECTION 467 LOAN means all rights and obligations of EMEHC and the Owner Lessors with respect to the Lessor Section 467 Loan Balance, as defined in Section 3.2 of the Facility Lease Agreements between each of the Owner Lessors and EMEHC, each dated as of December 7, 2001.
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SECTION 467 LOAN has the meaning specified in Treas. Reg. 1.467-4 (without regard to 1.467-4(a)(2)).
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SECTION 467 LOAN shall have the meaning specified in Section 3.2(c) of the -------------- Facility Lease. MORGANTOWN DEFINITIONS (L1) ---------------------------
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Related to SECTION 467 LOAN

  • 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”.

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

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

  • Non Pro Rata Loan is defined in Section 9.2 hereof.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Daily SOFR Loan means a Loan that bears interest at a rate based on Daily SOFR.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Existing Loan means the loan identified on Exhibit H.

  • 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.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

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

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Affected Loan has the meaning specified in Section 3.04.

  • Simple Interest Loan means any Loan under which the portion of a payment allocable to interest and the portion allocable to principal is determined by allocating a fixed level payment between principal and interest, such that such payment is allocated first to the accrued and unpaid interest at the Annual Percentage Rate for such Loan on the unpaid principal balance and the remainder of such payment is allocable to principal.

  • 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.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

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

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

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

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).