Shortfall Loan definition

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

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

Shortfall Loan has the meaning set forth in § 5.2.3.

Examples of Shortfall Loan in a sentence

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

• 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.

• If there is more than one non-Declining Member that desires to make a Substituted Capital Contribution or Shortfall Loan, as applicable, then the non-Declining Members shall make such Substituted Capital Contribution or Shortfall Loan in proportion to their respective Percentage Interests or in such other proportions as they may agree to in writing.

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 given to it in Section 6.4 hereof.

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

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 given to it in Clause 3.12(b);