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
Prepayments shall be applied pro rata between the Senior Loan and the Junior Loan.
Prepayments shall be applied pro rata to each of the Senior Loan and the Junior Loan.
Each repayment installment shall be applied pro rata to the Senior Loan and the Junior Loan.
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 means “Loan” as defined in the Senior Credit Agreement.
Senior Loan means that certain loan in the principal amount of up to $110,000,000 made by Senior Lender to Borrower.
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. 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.