Shortfall Loan definition

Shortfall Loan shall have the meaning specified in Section 3.03(c).

Shortfall Loan has the meaning set forth in Section 5.02(c)(ii)(B).

Shortfall Loan has the meaning set forth in § 5.2.3.

Examples of Shortfall Loan in a sentence

• Any Cash Shortfall Loan may be repaid at any time without prepayment penalty.

• The Company, acting through the Manager shall have the right at any time and from time to time to repay any Cash Shortfall Loan and replace it with a loan from a third party.

• Any Member who makes or proposes to make a Cash Shortfall Loan shall have the right at any time and from time to time to cause the Company to replace the Cash Shortfall Loan with a loan from a third party on terms and conditions that are no worse to the Company than the terms of such Cash Shortfall Loan.

• For the avoidance of doubt, it is agreed that the repayment of Revenue Shortfall Loan shall be in accordance with and subject to the provisions of Article 31.

• In order for the full $4,000,000 Shortfall Loan to be available to Uni-Mart, Uni-Mart covenants and agrees that the maximum principal amount outstanding under the Existing Revolvers shall not exceed $11,000,000.

More Definitions of Shortfall Loan

Shortfall Loan is defined in Section 4.2(d).

Shortfall Loan. As defined in Section 2.2(a).

Shortfall Loan means the option, under a Shortfall Election, to treat Shortfall Advances as a loan to the Company instead of a Shortfall Capital Contribution.

Shortfall Loan has the meaning set forth in Section 6.05(c).

Shortfall Loan means a Loan in relation to which the Property has been sold and the Mortgage released, but where:

Shortfall Loan has the meaning set forth in Section 2.3. “Side Letter” has the meaning set forth in Section 10.3. “Stockholder” has the meaning set forth in Section 2.1(a).

Shortfall Loan means a $4,000,000 credit facility to be provided by Provident to be used by Uni-Mart to fund Borrower Collateral Unit Shortfalls. The Shortfall Loan shall not be secured by (i) any collateral securing the Loans, (ii) Borrower Collateral Unit Excess Proceeds which are required to be deposited into the Cross Escrow Account or paid to LaSalle under this Agreement, or (iii) any collateral or proceeds covered by the Other Master Property Disposition Agreements (except to the extent otherwise expressly provided therein).