Supplemental Loan Amount definition

Supplemental Loan Amount means, as of any Funding Date, the amount by which the portion of the Loans Outstanding funded by a Lender Group, after giving effect to the requested Loan on such Funding Date, exceeds the greater of (i) its Mandatory Commitment and (ii) the highest amount of the Loans Outstanding funded by such Lender Group on any prior date. "Supplemental Structuring Fee" means the fee payable by the Borrower on the related Funding Date in an amount equal to the product of (i) the Supplemental Structuring Fee Rate and (ii) the Supplemental Loan Amount. "Supplemental Structuring Fee Rate" has the meaning given to such term in the Fee Letter. "Take-out" means any transaction pursuant to which all or a portion of the Receivables are released from the Lien granted to the Administrative Agent hereunder, a corresponding portion of the Loans Outstanding are repaid, and such Receivables are transferred by the Borrower to the Seller or another Person. "Take-out Date" means the date upon which a Take-out is consummated. "Take-out Date Certificate" means a certificate delivered by a Responsible Officer of the Servicer on the Take-out Date indicating that the requirements set forth in this Agreement for a Take-out has been satisfied. "Take-out Release" means a release executed pursuant to Section 2.12, substantially in the form of Exhibit E. "Tangible Net Worth" means at any time with respect to DFC, the difference of DFC's (i) assets minus (ii) liabilities minus (iii) without duplication, intangible assets, including goodwill,
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Supplemental Loan Amount. Supplemental Loan Account", "Supplemental Mortgage Loan", "Supplemental Transfer Agreement" and "Supplemental Transfer Date" shall be of no force or effect and all provisions herein related thereto shall similarly be of no force or effect.
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Supplemental Loan Amount. The amount deposited in the Supplemental Loan Account on the Closing Date, which shall equal $99,052,761.72, of which $46,669,918.13 shall be allocated to purchase Supplemental Mortgage Loans for Loan Group 1 (the "Loan Group 1 Supplemental Loan Amount"), $25,824,558.16 shall be allocated to purchase Supplemental Mortgage Loans for Loan Group 2 (the "Loan Group 2 Supplemental Loan Amount") and $26,558,285.43 shall be allocated to purchase Supplemental Mortgage Loans for Loan Group 3 (the "Loan Group 3 Supplemental Loan Amount").
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Examples of Supplemental Loan Amount in a sentence

  • All Loans described in clause (ii) of subsection 2.1A shall be deemed made (without any funding of any amounts therefor) by Lenders simultaneously and proportionately to their respective Pro Rata Shares on the date the relevant Permitted Supplemental Loan Amount is permitted to be converted to a Loan pursuant to the Approved Plan of Reorganization.

  • Subject to the terms and conditions contained herein, Supplemental Loan Lender shall make on the Closing Date (or shall be deemed to have made pursuant to Section 4.01(p)) a supplemental loan (the “Supplemental Loan”) to Borrower in the principal amount equal to the Supplemental Loan Amount.

  • The initial disbursement of the Supplemental Loan Amount shall be made by the LENDER to the BORROWER only after the LENDER receives (i) satisfactory verification of the value of the Collateral pledged under the Loan Agreement and (ii) the comprehensive business valuation from the BORROWER.

  • Borrower shall pay to Agent, for the account of Lenders (to the extent and in accordance with the arrangements by and among Lenders) a closing fee in an amount equal to 2.00% of the Maximum Credit (exclusive of the Maximum Supplemental Loan Amount), which fee shall be fully earned and payable on the Closing Date.

  • Subsequent requests for disbursements related to the Supplemental Loan Amount shall be made by the BORROWER to the LENDER five (5) business days prior to 2 the disbursement.

  • Borrower shall pay to Arranger, for its own account, an arranger fee closing fee in an amount equal to 1.00% of the Maximum Credit (exclusive of the Maximum Supplemental Loan Amount), which fee shall be fully earned and payable on the Closing Date.

  • The Supplemental Loan Amount shall be used by the BORROWER solely for the acquisition of businesses, companies and/or their assets.

  • No Lender is obligated to fund amounts in excess of its Ratable Share of the Supplemental Loan Amount, but if the Supplemental Loan Amount is increased or Agent makes funds available in excess of the total Supplemental Loan Amount, each Lender shall have the right to elect at its own discretion whether to provide funds to Agent to fund amounts in excess of the Supplemental Loan Amount.

  • The term of this Note shall be three (3) years for the Initial Loan Amount (the "Initial Loan Amount Term") and three (3) years from the initial disbursement of the Supplemental Loan Amount (the "Supplemental Loan Amount Term").

  • The aggregate amount of the Supplemental Loan shall not exceed at any given time an amount equal to the lesser of (i) the Maximum Supplemental Loan Amount and (ii) the Supplemental Loan Borrowing Base at such time; provided, however, that the aggregate amount of the Supplemental Loan shall be $45,000,000.


More Definitions of Supplemental Loan Amount

Supplemental Loan Amount means $45,000,000.
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Related to Supplemental Loan Amount

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Term Loan Commitment Amount means, as to any Lender, the term loan commitment amount (if any) set forth below such Lender’s name on the signature page hereof (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the term loan commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 16.3(c) or (d) hereof.

  • Incremental Term Loan Note means a promissory note made by the Company in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form of Exhibit B-4.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

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

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

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

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).