Subordinate Loan definition

Subordinate Loan has the meaning assigned to such term in the Loan Agreement. “Subordinate Loan Documents” has the meaning assigned to such term in the Loan Agreement.
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Subordinate Loan means a loan in respect of which a claim on assets is subsequent to the claim on the assets in respect of another loan and which is specified as such in an agreement providing finance.
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Subordinate Loan has the meaning provided in the Recitals hereto. “Subordinate Loan Commitment” has the meaning provided in the Recitals
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Examples of Subordinate Loan in a sentence

  • There exists no material violation of or material default by the Borrower under, and no event has occurred which, upon the giving of notice or the passage of time, or both, would constitute a material default under the Subordinate Loan Documents.

  • Upon execution and delivery of the Subordinate Loan Documents, Borrower shall deliver to Senior Lender an executed copy of each of the Subordinate Loan Documents, certified to be true, correct and complete.

  • Until Subordinate Lender receives a default notice of a Senior Security Instrument Default from Senior Lender, Subordinate Lender shall be entitled to retain for its own account all payments made under or pursuant to the Subordinate Loan Documents provided that such payments are otherwise permitted under the terms of this Agreement.

  • The Subordinate Loan is evidenced by the Subordinate Note and is secured by the Subordinate Mortgage.

  • By executing this Agreement, Xxxxxxxx specifically authorizes Subordinate Lender to endorse and remit any such payments to Senior Lender, and specifically waives any and all rights to have such payments returned to Borrower or credited against the Subordinate Loan.


More Definitions of Subordinate Loan

Subordinate Loan means an advance to Seller from Subordinate Lender under the Subordinated Facility Agreement (and such advances collectively being the “Subordinate Loans”).
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Subordinate Loan means that certain $[INSERT AMOUNT OF LOAN] loan made by Subordinate Lender to Borrower, as evidenced by the Subordinate Note and secured by the Subordinate Mortgage.
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Subordinate Loan means, individually or together as the context requires, the Subordinate Sponsor Loan and/or the Subordinate Xxxxxxx Equity Bridge Loan.
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Subordinate Loan shall have the meaning set forth in the recitals.
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Subordinate Loan means the One Million Five Hundred Thousand Dollar ($1,500,000) loan to Borrower by the Subordinate Lender.
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Subordinate Loan means the Governmental Lender’s loan of the proceeds of the Subordinate Bonds to the Borrower pursuant to the Subordinate Loan Agreement.
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Subordinate Loan means the loan made by the Issuer to the Borrower in the original principal amount of $ pursuant to the Subordinate Loan Agreement.
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