Subordinated Loan Facility definition

Subordinated Loan Facility means the subordinated loan facility made available by the Subordinated Loan Provider to the CBC under the Subordinated Loan Agreement (i) to finance the acquisition of New Mortgage Receivables (in each case with a maximum of the Initial Purchase Price for the Mortgage Receivables purchased on the relevant date) or Substitution Assets and (ii) to credit the Reserve Account up to the higher of (a) the Reserve Account Required Amount and (b) the Liquidity Reserve Required Amount.
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Subordinated Loan Facility means the subordinated loan facility made available to the Parent by the Subordinated Loan Lenders pursuant to the Subordinated Loan Agreement.
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Subordinated Loan Facility means the facility made available by the Subordinated Lenders to the Company on the terms and conditions set out in this Agreement;
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Examples of Subordinated Loan Facility in a sentence

  • Each party to this Agreement acknowledges that Xxxxxx LLP (“Cooley”), outside general counsel to the Borrower, has in the past performed and is or may now or in the future represent one or more Lenders or their affiliates in matters unrelated to the transactions contemplated by this Agreement (the “Subordinated Loan Facility”), including representation of such Purchasers or their affiliates in matters of a similar nature to the Subordinated Loan Facility.

  • Except for Deemed Subordinated Advances, the Subordinated Loan Facility is uncommitted and the Subordinated Loan Provider is not obliged to make Subordinated Advances to the CBG.

  • The Issuer will, or will procure that the Subordinated Loan Provider will, ensure that the amount credited to the Reserve Account is equal to the Reserve Account Required Amount by making available sufficient funds under the Subordinated Loan Facility for such purpose.

  • The Company may draw under the Subordinated Loan Facility from (and including) the date of this Agreement to (and including) the Completion Date, upon which date any undrawn amount of the Total Subordinated Loan Commitment shall be immediately cancelled and the Company shall not be entitled to request further Drawings.

  • In accordance with Appendix 4 (Great Western - Supplementary guidance on the risk adjustment process for financial compliance when sizing of the Subordinated Loan Facility), evidence of the deliverability of the projected revenues and costs will be used to inform the Department's risk adjusted view of the Bid which in turn will be used to assess the size of the Subordinated Loan Facility (SLF) required.

  • The Borrower may not cancel the Accordion Facility whilst any amount is outstanding under the Subordinated Loan Facility.

  • Simultaneously with the execution of this Deed of Guarantee and Undertaking the Borrower, the Sponsors, the Facility Agent and the Security Agent are executing a Subordinated Loan Facility Agreement in the approved form (the "SUBORDINATED LOAN FACILITY AGREEMENT").

  • Assignment of Deed of Guarantee and Undertaking and Subordinated Loan Facility Agreement 14.

  • As at September 30, 2020, the Company had drawn the full US$75 million Subordinated Loan Facility.

  • The aggregate of the principal amount of all Advances, Subordinated Advances and Deemed Ancillary Intercompany Loan Advances outstanding at any time shall not exceed S$15,000,000,000.Except for Deemed Subordinated Advances, the Subordinated Loan Facility is uncommitted and the Subordinated Loan Provider is not obliged to make Subordinated Advances to the CBG.


More Definitions of Subordinated Loan Facility

Subordinated Loan Facility shall have the meaning set forth in Section 10.6(a).
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Subordinated Loan Facility means the term loan in favor of First Wind Holdings, LLC, a Delaware limited liability company, by Credit Suisse AG, Cayman Islands Branch, as administrative agent, and various financial institutions, pursuant to that certain Term Loan Agreement, dated as of March 23, 2010, and documents related thereto.
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Related to Subordinated Loan Facility

  • 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.

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

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

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

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

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

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • 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.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

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

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • 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 Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Subordinate Companion Loan A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.