Secured Loan definition

Secured Loan has the meaning specified in Section 2(e) hereof.

Secured Loan means a financial obligation secured by a chattel mortgage, security agreement, or other instrument creating a lien on an interest in depreciable property.

Secured Loan means an agreement, irrespective of its form but not including an instalment agreement, in terms of which a person-

Examples of Secured Loan in a sentence

• On the Conversion Date, the Aggregate Outstanding Amount of the Class A-1AL Notes will be increased by the Aggregate Outstanding Amount of the Secured Loan so converted and the Secured Loan so converted shall cease to be Outstanding and shall be deemed to have been repaid in full for all purposes under the Indenture and this Agreement.

• In addition, the Co-Borrowers shall make payments of unpaid principal of each Secured Loan on each Payment Date after the Reinvestment Period to the extent provided in the Priority of Payments.

• Each of the Co-Borrowers hereby covenants and agrees that, with respect to each Lender hereunder, no proceeds of any Secured Loan made by a Lender hereunder will be used (a) for the benefit of, or transferred, to a broker-dealer Affiliate (or any other Affiliate) of such Lender, including with respect to payment of any arranger or underwriter fees or (b) to purchase any Collateral Obligations or other assets from any Affiliate of such Lender.

• The Bank, in its individual or any other capacity, and its Affiliates, may become the owner or pledgee of a Secured Loan and may otherwise deal with either of the Co-Borrowers or any of their Affiliates with the same rights it would have if it were not an agent.

• Each Lender shall be paid interest accrued on the Secured Loans it holds for each day it holds such Secured Loans (but excluding any date of assignment) during an Interest Accrual Period on the related Payment Date (in the case of an assignment of Secured Loans between the applicable Payment Date, regardless of whether or not it holds such Secured Loan on such Payment Date).

More Definitions of Secured Loan

Secured Loan means and includes: (i) any indebtedness secured by a Mortgage encumbering the Hotel or all or any part of TRS’s interest therein; and (ii) all amendments, modifications, supplements, and extensions of any such Mortgage.

Secured Loan means a loan or extension of credit, the repayment of which is secured by a mortgage, a trust deed, the holding or retention of legal title under a real estate sales contract, or other security interest in real property, whether or not the security interest is perfected.

Secured Loan means any loan made by the Secured Party to Landlord secured by a mortgage or collateral assignment against the Cypress Permit or Leased Property, in whole or in part, from time to time as said Secured Loan is amended, extended, renewed, supplemented and/or replaced from time to time.

Secured Loan is defined in Section 2.1.

Secured Loan means that certain loan pursuant to the MCA Security Agreement, as amended, that provided for multiple secured notes issued by the Secured Parties, as set forth in paragraphs 19 and 20 of the First Day Declaration.

Secured Loan means a loan held by a Secured Lender which is Secured by a Property.

Secured Loan means a financial obligation