Senior Loan Amount definition

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 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 as defined in Section 1.2 of the Agreement is hereby replaced in its entirety as follows:
Sample 1

Examples of Senior Loan Amount in a sentence

  • 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 Xxxxxxxx’s request therefor, in an aggregate amount (subject to the other limitations set forth herein) 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • For the purposes of this proposal, the Senior Loan Amount is assumed to be $44,000,000 based upon current pro forma assumptions.

  • Agenda and minutes should reflect that the membership committee reviewed the listing and approved the payment received from the Florida Public Relations Association.


More Definitions of Senior Loan Amount

Senior Loan Amount means TWO HUNDRED FIVE MILLION AND NO/100 DOLLARS ($205,000,000.00).
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 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 (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

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 a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • 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 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.

  • 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.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Maximum Term Loan Amount means Two Hundred Million and No/100 Dollars ($200,000,000).

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

  • 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, as to any Lender, the term loan commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.2(c) (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 17.3(c) or (d), the term loan commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 17.3(c) or (d).

  • 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 shall have the meaning set forth in the recitals.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • 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.

  • 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).