Senior Loan Amount definition

Senior Loan Amount means the amount (expressed in Dollars) of the portion of an Eligible Loan purchased by Buyer. Unless another amount is set forth in the Loan Notification, such amount shall be equal to the lowest of (i) fifty-five percent (55%) of the Seller-approved value of the Property securing the Loan (as evidenced by an appraisal satisfactory to Buyer in all respects), (ii) Two Hundred Forty-Nine Thousand Nine Hundred Ninety-Nine and 00/100 Dollars ($249,999.00), and (iii) sixty percent (60%) of the maximum principal amount of the Eligible Loan after deducting the loan fee.
Sample 1
Senior Loan Amount means, from time to time, the “Loan Commitment Amount” as defined in and calculated under the Senior Loan Agreement.
Sample 1
Senior Loan Amount means TWO HUNDRED FIVE MILLION AND NO/100 DOLLARS ($205,000,000.00).
Sample 1

Examples of Senior Loan Amount in a sentence

  • Subject to the terms and conditions of this Agreement and provided that there is no continuing uncured Event of Default, (a) Senior Lender hereby agrees to make a loan (the “Revolving Senior Loan”) comprised of revolving advances (the “Revolving Senior Advances”) to or for the account of Borrower, upon Xxxxxxxx’s request therefor, in an aggregate amount (subject to the other limitations set forth herein) of up to the Revolving Senior Loan Amount.

  • Year in School:  1st Yr Freshman  2nd Yr Sophomore  3rd Yr Junior  4th Yr Senior Loan Amount Requested: $ (Remember to include the origination fee in the total amount).

  • Subject to the terms and conditions of this Agreement and provided that there is no continuing uncured Event of Default, (a) Senior Lender hereby agrees to make a loan (the “Revolving Senior Loan”) comprised of revolving advances (the “Revolving Senior Advances”) to or for the account of Borrower, upon Borrower’s request therefor, in an aggregate amount of up to the Revolving Senior Loan Amount.

  • In no event shall Maker assign or transfer any portion of this Senior Note, or its obligations as to the Senior Loan Amount and/or under the Agreement without the prior express written consent of the Holder.

  • As of the Effective Date, the total amount due under the Original Note is Thirty Four Million Seven Hundred Forty Four Thousand Five Hundred Twenty-One Dollars and Sixty-Two Cents ($34,744,521.62), (the "Senior Loan Amount").

  • The Senior Loan Amount shall bear interest at the rate of three percent (3.00%) simple per annum from July 1, 2020 (the “Initial Date”) until December 31, 2020 June 30, 2021 (the “Maturity Date”); provided that if an event of default or an event of acceleration occurs as set forth in the Agreement, interest shall commence to accrue at the rate equal to the lesser of (aa) ten percent (10%) simple per annum or (bb) the highest rate of interest that may be charged by a redevelopment or successor agency.

  • On the Conversion Date, and prior to funding of the Senior Loan Amount, Sponsors and other third party investors (if any) shall have provided the Contributed Amount and if applicable, the Shortfall Amount.

  • Subject to the Pricing Side Letter, at any time that the sum of aggregate outstanding (a) Revolving Senior Advances exceeds the Revolving Senior Loan Amount, (b) Revolving Mezz Advances exceeds the Revolving Mezz Loan Amount and/or (c) Revolving Advances exceeds the Revolving Advance Borrowing Base, Borrower shall, in each case, immediately pay to each Lender in cash the amount of such excess (subject to Section 2.4(i)).

  • As of the Effective Date, the total amount due under the Original Note is Thhiy Four Million Seven Hundred F01iy Four Thousand Five Hundred Twenty-One Dollars and Sixty-Two Cents ($34,744,521.62), (the "Senior Loan Amount").

  • Borrower desires to borrow from Senior Lenders the amount of ONE HUNDRED NINETY-FIVE MILLION AND NO/100 DOLLARS ($195,000,000.00) (the "Senior Loan Amount") to pay certain Collateral Agent-approved costs and for certain other purposes described herein.


More Definitions of Senior Loan Amount

Senior Loan Amount means the amount (expressed in Dollars) of the portion of an Eligible Loan purchased by Buyer. Unless another amount is set forth in the Loan Notification, such amount shall be equal to the lowest of (i) fifty- five percent (55%) of the Seller-approved value of the Property securing the Loan (as evidenced by an appraisal satisfactory to Buyer in all respects), (ii) Two Hundred Forty-Nine Thousand Nine Hundred Ninety-Nine and 00/100 Dollars ($249,999.00), and (iii) sixty percent (60%) of the maximum principal amount of the Eligible Loan after deducting the loan fee.
Sample 1
Senior Loan Amount means ONE HUNDRED NINETY-FIVE MILLION AND NO/100 DOLLARS ($195,000,000.00), which is the original aggregate principal amount of the Senior Notes and which has been fully funded as of the Closing Date.
Sample 1
Senior Loan Amount means an amount not to exceed Thirty-five Million and No/100 Dollars ($35,000,000).
Sample 1
Senior Loan Amount means the amount (expressed in Dollars) of the portion of an Eligible Loan purchased by Buyer. Unless another amount is set forth in the Loan Notification, such amount shall be equal to (A) for all purchases made by Buyer between August 1, 2016 and February 5, 2017, the lowest of (i) fifty-five percent (55%) of the Seller-approved value of the Property securing the Loan (as evidenced by an appraisal satisfactory to Buyer in all respects), (ii) Two Hundred Forty-Nine Thousand Nine Hundred Ninety-Nine and 00/100 Dollars ($249,999.00), and (iii) sixty percent (60%) of the maximum principal amount of the Eligible Loan after deducting the loan fee; and (B) for all purchases made by Buyer on or after February 6, 2017 the lowest of (i) fifty-nine percent (59%) of the Seller-approved value of the Property securing the Loan (as evidenced by an appraisal satisfactory to Buyer in all respects), (ii)
Sample 1
Senior Loan Amount means the amount of the Debt (as such term is defined and used in the Senior Loan Agreement) owed by the Company under the Senior Loan Documents.
Sample 1
Senior Loan Amount as defined in Section 1.2 of the Agreement is hereby replaced in its entirety as follows:
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Related to Senior Loan Amount

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

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

  • Total loan amount means the principal of the loan minus those

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

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

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • 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.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Senior ABL 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.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).