Senior Loan Amount definition
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 ▇▇▇▇▇▇▇▇’s request therefor, in an aggregate amount (subject to the other limitations set forth herein) of up to the Revolving Senior Loan 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 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").
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").
Each Loan Notification (i) shall constitute, as to each Eligible Loan as to which Seller elects to offer to sell a Senior Loan interest in, an offer for Buyer to purchase a Senior Loan interest therein, and (ii) shall set forth, among other things, the total Eligible Loan, the Eligible Balance, the Senior Loan Amount and the Senior Loan Percentage being offered to Buyer.
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)).
Each Loan Notification (i) shall constitute, as to each Eligible Loan as to which Seller elects to or is required to offer to sell a Senior Loan interest in, an offer for Buyer to purchase a Senior Loan interest therein, and (ii) shall set forth, among other things, the total Eligible Loan, the Eligible Balance, the Senior Loan Amount and the Senior Loan Percentage being offered to Buyer.
The Senior Loan shall be evidenced by one or more notes, including the Senior Notes executed substantially concurrently herewith, payable to the order of each Senior Lender in an aggregate amount equal to 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.