Subordinated Loan Advance definition

Subordinated Loan Advance means any advance of moneys granted by the Subordinated Loan Provider to the CBC under the Subordinated Loan Agreement or the principal amount outstanding for the time being of that loan.
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Subordinated Loan Advance has the meaning given to it in the Subordinated Loan Agreement;
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Subordinated Loan Advance means an advance of funds by Subordinated Lender to or for the benefit of Borrower, made pursuant to this Agreement.
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Examples of Subordinated Loan Advance in a sentence

  • The Issuer shall ensure that each Subordinated Loan Advance Notice will be received by the Subordinated Lender no later than on the second Business Day prior to the relevant Additional Borrowing Date.

  • The Issuer shall ensure that each Subordinated Loan Advance Notice will be received by the Subordinated Lender no later than on the second Business Day prior to the relevant Additional Borrowing Date or the relevant Renewal Date.

  • This Subordinated Loan Advance Notice and all non-contractual obligations arising hereunder are governed by and shall be construed in accordance with German law.

  • The CBC will be required to establish a reserve account (the "Reserve Account") which will be credited by the CBC, from the proceeds of a Subordinated Loan Advance, on the Programme Date with an amount equal to the Reserve Account Required Amount.

  • The CBC, or the Administrator on its behalf, may request the Subordinated Loan Provider to grant a Subordinated Loan Advance in the form as agreed between the Subordinated Loan Provider and the CBC.

  • The CBC will ensure that the amount credited to the Reserve Account is equal to the Reserve Account Required Amount (as calculated by the Administrator on behalf of the Issuer) to the extent (a) any amounts are available after payment of all items ranking above item (g) of the CBC Priority of Payments have been paid or provided for and (b) any Subordinated Loan Advance is drawn under the Subordinated Loan for the purpose of funding the Reserve Account.

  • The CBC, or the Administrator on its behalf, may request the Subordinated Loan Provider to grant a Subordinated Loan Advance in such form as agreed between the Subordinated Loan Provider and the CBC.

  • The Subordinated Lender will, pursuant to the terms of the subordinated loan agreement to be entered into on or about the Signing Date with the Issuer and the Security Trustee (the "Subordinated Loan Agreement") provide Subordinated Loan Advances to the Issuer consisting of (i) the Initial Subordinated Loan Advance, (ii) the Commingling Reserve Advance and (iii) the Maintenance Reserve Advance, each as required in accordance with the Subordinated Loan Agreement.

  • If the Transferor offers for sale and assignment further Eligible Assets to the CBC in accordance with Clause 2.1 of the Guarantee Support Agreement, the Administrator shall (i) arrange for the purchase and acceptance of assignment by the CBC of the Eligible Assets in accordance with Clause 2 of the Guarantee Support Agreement and (ii) if requested by the CBC request the Subordinated Loan Provider to grant a Subordinated Loan Advance in the form as agreed between the Subordinated Loan Provider and the CBC.

  • If Subordinated Lender waives any Funding Condition as to any Subordinated Loan Advance, then such waiver shall apply only to such Subordinated Loan Advance, and not to any future Subordinated Loan Advances.


More Definitions of Subordinated Loan Advance

Subordinated Loan Advance means the amount of the Subordinated Loan advanced to the Issuer on the Closing Date;
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Subordinated Loan Advance has the meaning ascribed thereto in Clause 3.1;
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Related to Subordinated Loan Advance

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Term Advance has the meaning specified in Section 2.01(a).

  • 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.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Equipment Advance is defined in Section 2.1.1.

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

  • 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).

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Revolving Advance has the meaning given in Section 2.1.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.