Subordinate Loans definition

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.”
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Subordinate Loans has the meaning ascribed thereto in Section 3.01(k);
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Subordinate Loans has the meaning ascribed thereto in the Restructuring Agreement;
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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.

  • Borrower shall at all times fully and timely comply and cause the Property and Improvements to comply with all applicable terms and conditions of the documents that evidence and secure the Subordinate Loans and shall provide Bondowner Representative with such verification of that compliance from time to time as reasonably requested by Bondowner Representative.

  • Borrower shall deliver to Bondowner Representative copies, certified by Borrower to be true and correct, of the documents that evidence and secure the Subordinate Loans, the form and content of which shall be subject to Bondowner Representative’s reasonable approval.

  • Bondowner Representative shall have received evidence satisfactory to Bondowner Representative that there will be sufficient funds available to Borrower to complete the Project and cover all costs as shown on the Disbursement Budget attached hereto, whether from the proceeds of the Loan, Subordinate Loans, Capital Contributions or from another source or other sources acceptable to Bondowner Representative.

  • All representations and warranties made herein, in the certificates, reports, notices, and other documents delivered pursuant to this Agreement shall survive the execution and delivery of this Agreement and the other Subordinated Loan Documents, and the making of the Subordinate Loans.


More Definitions of Subordinate Loans

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.”
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Subordinate Loans means the loans from the Subordinate Lenders as listed on the Construction Funds Schedule.
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Subordinate Loans means, collectively, [ ], [ ], each as defined in the Continuing Covenants Agreement.
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Subordinate Loans means, collectively, the Delivery Assurance Loan, the Subordinate AHFC Loan, the Subordinate AHPFC Loan, the AGC Loan, and the TDHCA Loan.
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Subordinate Loans means collectively: (i) that loan in the amount of $ by the California Department of Housing and Community Development to the Borrower; (ii) that loan in the amount of $ from the Issuer to the Borrower; and (iii) that loan in the amount of
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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.
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Subordinate Loans shall have the meaning assigned to that term in the Construction Disbursement Agreement.
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