Subordinate Loans means, collectively, the Issuer Loan, the Seller Loan and any other subordinate loan incurred, assigned or assumed with the prior written consent of the Significant Bondholder, it being understood, acknowledged and agreed that Xxxxxxxx shall not be permitted to incur, assume or guaranty any parity or senior indebtedness of any nature or kind. Each of the foregoing is a “Subordinate Loan.”
Subordinate Loans has the meaning ascribed thereto in Section 3.01(k);
Subordinate Loans has the meaning ascribed thereto in the Restructuring Agreement;
Examples of Subordinate Loans in a sentence
If the moneys available from the proceeds of the sale of the Bonds and investment income thereon shall not be sufficient to pay the Project Costs in full, the Borrower shall pay from the Subordinate Loans, the Borrower Contribution and, to the extent necessary, its own funds all of that portion of the Project Costs in excess of the moneys available therefor from the sale of the Bonds and investment income thereon.
More Definitions of Subordinate Loans
Subordinate Loans means, collectively, the Seller Loan, the City Loan and any other subordinate loan incurred, assigned or assumed with the prior written consent of the Significant Bondholder, it being understood, acknowledged and agreed that Borrower shall not be permitted to incur, assume or guaranty any parity or senior indebtedness of any nature or kind. Each of the foregoing is a “Subordinate Loan.”
Subordinate Loans means the loans from the Subordinate Lenders as listed on the Construction Funds Schedule.
Subordinate Loans means, the Seller Loan and any other subordinate loan incurred, assigned or assumed with the prior written consent of the Significant Bondholder and each of the foregoing is a “Subordinate Loan.”
Subordinate Loans means, collectively, [ ], [ ], each as defined in the Continuing Covenants Agreement.
Subordinate Loans means, collectively, the Delivery Assurance Loan, the Subordinate AHFC Loan, and the AGC Loans.
Subordinate Loans shall have the meaning assigned to that term in the Construction Disbursement Agreement.
Subordinate Loans means the County Loan, the City Loan, the Infill Grant Sponsor Loan and any other subordinate loan now or hereafter approved by Bondowner Representative.