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Senior Lender Loan definition

Senior Lender Loan means the Forty-Nine Million Three Hundred Thousand and 00/100 Dollars ($49,300,000.00) loan from the Senior Lender to the Borrower pursuant to the terms of the Senior Lender Loan Documents.
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Senior Lender Loan means the Forty-Seven Million and 00/100 Dollars ($47,000,000.00) loan from the Senior Lender to the Borrower pursuant to the terms of the Senior Lender Loan Documents.
Sample 1
Senior Lender Loan means any purchase money loan that is secured by a deed of trust senior to the Deed of Trust, other than the City of Gilroy First-Time Homebuyer Deed of Trust.
Sample 1

Examples of Senior Lender Loan in a sentence

  • Any such amendments or modifications to the Senior Lender Loan Documents shall be secured by the Collateral and shall be entitled to the benefits of this Agreement.

  • The rights and remedies of the Senior Lender under this Agreement and the Senior Lender Loan Documents are cumulative and not exclusive of any rights, remedies, powers, and privileges that may otherwise be available to Senior Lender provided by law.

  • Other than the liens or encumbrances related to the Senior Lender Loan, there shall be filed any claim of lien against the Property of any part thereof, or any interest or right made appurtenant thereto, and the continued maintenance of said claim of lien or notice to withhold for a period of twenty (20) days without discharge, bonding or satisfaction thereof or provision therefor satisfactory to the County Board.

  • Subject to the terms of this Agreement, but notwithstanding anything to the contrary in the other Senior Lender Loan Documents, the Senior Lender (on behalf of itself and its affiliates) consents to the Subordinated Debt and the entry and performance by the Borrower and its affiliates of the Securities Purchase Agreement (and related documents), and no default or Event of Default under the Senior Debt shall be deemed to have occurred as a result thereof.

  • All capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned to them in the Senior Lender Loan Documents (as defined below).

  • A default or event of default under, the commencement of any foreclosure proceeding under or the enforcement of any other remedy under any of the Junior Lender Loan Documents by the Junior Lenders shall, at the option of the Agent and the Term Loans B Agent, constitute an Event of Default (as defined in the Senior Lender Credit Agreement and the Term Loans B Credit Agreement, respectively) under the Senior Lender Loan Documents at the time of such commencement or enforcement.

  • The Junior Lenders agree that they shall not extend credit to the Borrower in excess of the maximum amount permitted in the Senior Lender Loan Documents and the maximum aggregate principal amount of the Put Notes, if any, that may be issued from time to time in accordance with Junior Lender Loan Documents as in effect on the date hereof without the prior written consent of the Agent and that the Junior Lenders may not readvance any payment or prepayment of principal on the Put Notes.

  • The Subordinated Party acknowledges that Borrower has granted to Senior Lender, security interests in all of such Borrower’s assets, and agrees not to interfere with or in any manner oppose a disposition of any Collateral by Senior Lender in accordance with applicable law and the terms of the Senior Lender Loan Documents.

  • Borrower covenants and agrees that it shall not incur any debt, secured or unsecured, direct or contingent (including guaranteeing any obligation), other than the (a) AHIF Loan, (b) Senior Lender Loan, and (c) advances or trade debt or accrued expenses incurred in the ordinary course of business of operating the Property.

  • The Senior Lender Loan Documents shall not he deemed paid or satisfied in full until the Agent and the Term Loans B Agent have received payment in full of the Senior Lender Claim that is not subject to rescission, restoration or return.


More Definitions of Senior Lender Loan

Senior Lender Loan means the first-priority lien permanent loan in the aggregate principal amount of Six Million Five Hundred Thirty Thousand and 00/100 Dollars ($6,530,000.00) loan from the Senior Lender to the Borrower pursuant to the terms of the Senior Lender Loan Documents.
Sample 1
Senior Lender Loan means the loans in the aggregate maximum principal amount of $3,500,000 by the Senior Lender to the Company pursuant to the Senior Lender Loan Documents.
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Senior Lender Loan means that certain senior loan extended by the Senior Lender to Tenant in the original principal amount of Nine Million Nine Hundred Fifty Thousand and 00/100 Dollars ($9,950,000.00), as the same may be amended from time to time.
Sample 1

Related to Senior Lender Loan

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Senior Lender means each holder of a Senior Note.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of November 19, 2020, by and among Borrower, the subsidiary guarantors from time to time party thereto, and the Senior Creditors, as amended, restated, supplemented or otherwise modified from time to time.

  • Senior Loans means the term loans made by the Senior Lenders to the Borrower pursuant to the Senior Term Loan Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Second Lien Bank Loan means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Subordinated Loan Documents means the Subordinated Credit Agreement, the promissory notes executed and delivered pursuant to the Subordinated Credit Agreement, and each other agreement, instrument, or document executed by the Borrower or any of its Subsidiaries or any of their Responsible Officers in connection with the Subordinated Credit Agreement.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

Most Referenced Clauses

Most Referenced Definitions