Split Loan definition

Split Loan shall have the meaning set forth in Section 9.1.2(a) hereof.
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Split Loan means an Additional Loan or Substitute Loan acquired by the Issuer that has one or more Related Loans or other loans under the same facility or tranche that will be financed by Hercules or an Affiliate thereof in a Warehouse Loan Facility.
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Split Loan. The [__________] Split-Loan (and shall include any successor REO Mortgage Loan or successor REO Companion Loan).
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Examples of Split Loan in a sentence

  • Conversely, any match represented as a sanctioned USPSA/Steel Challenge match, will be conducted in accordance with the USPSA/Steel Challenge rules and guidelines.

  • Upon a Loan Splitting, the principal amount of the Loan shall be reduced by an amount equal to the aggregate Allocated Loan Amounts of the Affected Properties (the “New Note Amount”), and the original principal amount of the Split Loan, as evidenced by the New Note, shall be equal to the New Note Amount.

  • The entire mortgage debt of the non interest bearing portion of a "Split Loan" is recorded against the Principal Deficiency Ledger.

  • However, when there is significant cash flow to pay back the City Loan, the following terms will apply:  City loans may be repaid as an amortized loan, a cash flow loan based on available cash flow or a combination of both types of loan called a “Split Loan.” In the case of a Split Loan, there will be two notes, each having different repayment terms.

  • However, when there is significant cash flow to pay back the City Loan, the following terms will apply:• In the City’s discretion payments may not be required during the acquisition, construction and lease-up phase.• City loans may be repaid as an amortized loan, a cash flow loan based on available cash flow or a combination of both types of loan called a “Split Loan.” In the case of a Split Loan there will be two notes, each having different repayment terms.

  • The entire mortgage debt of the non interest bearing portion of a 'Split Loan' is recorded against the Principal Deficiency Ledger.

  • However, when there is significant cash flow to pay back the City Loan, the following terms will apply: In the City’s discretion payments may not be required during the acquisition, construction and lease-up phase. City loans may be repaid as an amortized loan, a cash flow loan based on available cash flow or a combination of both types of loan called a “Split Loan.” In the case of a Split Loan there will be two notes, each having different repayment terms.

  • Settlement Sheet (Copy) (Not required for the Second Lien of a DUS Split Loan) Tab 5.

  • The aggregate amount of the Split Loan shall be in the amount of the unpaid Principal as of the date that the Split Loan is effectuated (the "SPLIT LOAN DATE") and shall be allocated among the individual Split Loans based upon the relative Allocated Loan Amounts (as the same may be adjusted by Lender based upon the Adjusted Net Operating Income of each of the Properties included in the respective Split Property Groups for the 12 full months next preceding the Split Loan Date).

  • However, when there is significant cash flow to pay back the City Loan, the following terms will apply: ▪ City loans may be repaid as an amortized loan, a cash flow loan based on available cash flow or a combination of both types of loan called a “Split Loan.” In the case of a Split Loan, there will be two notes, each having different repayment terms.


More Definitions of Split Loan

Split Loan. The [__________] Mortgage Loan, together with the [__________] Companion Loan, each of which is secured by the [__________] Mortgage. References herein to the [__________] Split-Loan shall be construed to refer to the aggregate indebtedness secured under the [__________] Mortgage.
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Related to Split Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Rollover Loan means one or more Loans:

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Simple Interest Loan means any Loan under which the portion of a payment allocable to interest and the portion allocable to principal is determined by allocating a fixed level payment between principal and interest, such that such payment is allocated first to the accrued and unpaid interest at the Annual Percentage Rate for such Loan on the unpaid principal balance and the remainder of such payment is allocable to principal.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.