Supplemental Loan definition

Supplemental Loan means any loan that is subordinate to the Senior Indebtedness.

Supplemental Loan. The Loan is a Supplemental Loan and, except to the extent specifically required or approved by Lender, there has been no change in the ownership of either the Mortgaged Property or Borrower Principals since the date of the Senior Note. The intended use of any cash received by Borrower from Lender, to the extent applicable, in connection with the refinancing has been fully disclosed to Lender.

Supplemental Loan means the HUD-insured supplemental loan in the original principal amount of $__________, made by Lender to Landlord, secured by the Healthcare Facility, as such Loan may be amended, increased or decreased.

Examples of Supplemental Loan in a sentence

• If at any time the Depositor becomes aware that the Cut-off Date Stated Principal Balance of Supplemental Mortgage Loans reflected on any Supplemental Transfer Agreement exceeds the actual Cut-off Date Stated Principal Balance of the relevant Supplemental Mortgage Loans, the Depositor may so notify the Trustee and the Trustee shall redeposit into the Supplemental Loan Account the excess reported to it by the Depositor.

• If any funds remain in the Supplemental Loan Account at the end of the Conveyance Period, to the extent that they represent earnings on the amounts originally deposited into the Supplemental Loan Account, the Trustee shall distribute them to the order of the Depositor.

• Upon Notice to Borrower, Lender may revoke its deferral and require Borrower to deposit with Lender any or all of the Imposition Reserve Deposits listed in Section 4.02(a), regardless of whether any such item is marked “Deferred” (i) if Borrower does not timely pay any of the Impositions, (ii) if Borrower fails to provide timely proof to Lender of such payment, (iii) at any time during the existence of an Event of Default or (iv) upon placement of a Supplemental Loan in accordance with Section 11.11.

• On the Closing Date the Seller shall remit the Supplemental Amount to the Trustee for deposit in the Supplemental Loan Account.

• After the execution and delivery of such Supplemental Transfer Agreement, on the Supplemental Transfer Date, the Trustee shall set aside in the Supplemental Loan Account an amount equal to the Aggregate Supplemental Purchase Amount.

More Definitions of Supplemental Loan

Supplemental Loan has the meaning specified in Section 2.01(c).

Supplemental Loan. The Loan is a Supplemental Loan and, except to the extent specifically required or approved by Lender, there has been no change in the ownership of either the Mortgaged Property or Borrower Principals since the date of the Senior Note. The intended use of any cash received by Borrower from Lender, to the extent applicable, in connection with the Supplemental Loan has been fully disclosed to Lender. ____ Cross-Collateralized/Cross-Defaulted Loan Pool: The Loan is part of a cross-collateralized/cross-defaulted pool of loans described as follows: ____ being simultaneously made to Borrower and/or Borrower’s Affiliates ____ made previously to Borrower and/or Borrower’s Affiliates The intended use of any cash received by Borrower from Lender, to the extent applicable, in connection with the Loan and the other loans comprising the cross-collateralized/cross-defaulted loan pool has been fully disclosed to Lender.

Supplemental Loan shall have the meaning prescribed in the Loan Agreement.

Supplemental Loan means a mortgage loan, if any, secured by the Mortgaged Property and purchased or intended to be purchased by Funding Lender that is subordinate to the Indebtedness.

Supplemental Loan means such loan given in accordance to the Xxxxxx Xxx Supplemental Loan product.

Supplemental Loan has the meaning specified in Section 9.1 of the Ratification Agreement.

Supplemental Loan is defined in Section 2.4.4.