Senior Loan definition

Senior Loan has the meaning provided in the Recitals hereto.

Senior Loan means each loan made pursuant to a Senior Credit Agreement.

Senior Loan has the meaning set forth in Section 2.5.

Examples of Senior Loan in a sentence

• Developer shall have established an account for the Replacement Reserve (as defined in Section 6.20) ("Replacement Reserve Account") held by a bank approved by Senior Permanent Lender and City during the term of the Senior Loan and by a bank approved by the City thereafter consistent with Section 6.20.

• Failure of Senior Lender to send a default notice to Subordinate Lender shall not prevent the exercise of Senior Lender’s right and remedies under the Senior Loan Documents, subject to the provisions of this Agreement.

• Subordinate Lender shall have the opportunity to cure a Covenant Event of Default during such period described above so long as there is no Monetary Event of Default under the Senior Loan Documents.

• Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.

• Subordinate Xxxxxx acknowledges that Senior Lender shall be entitled during such period described above to continue to pursue its remedies under the Senior Loan Documents.

More Definitions of Senior Loan

Senior Loan means a collateral debt obligation that is a Secured Senior Loan or an Unsecured Senior Loan.

Senior Loan means any secured Bank Loan that is not subordinated by its terms to any other indebtedness of the borrower.

Senior Loan. A Loan that (i) is secured by a first priority lien on all of the Obligor’s assets constituting Collateral for such Loan (subject to Permitted Liens), (ii) has a Loan-to-Value Ratio less than or equal to 90% and (iii) provides that the payment obligation of the related Obligor on such Loan is either senior to, or pari passu with, all other loans or financings to such Obligor.

Senior Loan means a mortgage loan in connection with the acquisition of a Property provided by a Senior Lender to a Fee Owner and any replacement, renewal, extension, substitution, addition, supplement, modification, amendment or refinancing thereof, each as approved by the Partners hereunder.

Senior Loan means the loan of proceeds of the Senior Bond from the Issuer to the Borrower pursuant to the terms of the Senior Loan Agreement.

Senior Loan the “Loan” as defined in the Senior Loan Agreement.

Senior Loan means, collectively, any advance or advances of principal made by the Senior Lenders to the Company under the Senior Credit Agreement and the other Senior Loan Documents and all accrued but unpaid interest thereon.