TALF Loan definition

TALF Loan means (i) any loan made to a TALF Borrower by the Federal Reserve Bank of New York under the Term Asset-Backed Securities Loan Facility authorized under Section 13(3) of the Federal Reserve Act as in effect on March 23, 2020; and (ii) any similar loan made to a TALF Borrower by the Federal Reserve Bank of New York, or other US governmental agency (each, a “TALF Lender”), pursuant to a non-recourse loan facility that has been approved in writing by the Administrative Agent and the Required Banks.
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TALF Loan has the meaning specified in the SPV Credit Agreement. “TALF Termination Date” has the meaning specified in the SPV Credit Agreement.
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Examples of TALF Loan in a sentence

  • As of December 31, 2021 and 2020, no loans were considered impaired, and there were no allowances or loans in non- accrual status for TALF Loan losses.

  • As of December 31, 2020, no loans were considered impaired, and there were no allowances for TALF Loan losses.

  • As of December 31, 2022 and 2021, no loans were considered impaired, and there were no allowances or loans in non- accrual status for TALF Loan losses.

  • Risk Factors, page S-15 [Loss of TALF Eligibility or the Lack of Availability of a TALF Loan .

  • Response We have added language under “Risk Factors — Loss of TALF Eligibility, the Requirements of the TALF Program or the Lack of Availability of a TALF Loan May Adversely Affect Your Financing Options and the Liquidity and Market Value of Your Notes” on page S-26, to explain the “collateral haircut” under TALF and to discuss the risk of loss as a result of the collateral haircut.

Related to TALF Loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • 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.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

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

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

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

  • Type of Loan means a Base Rate Loan or a LIBOR Loan.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Dollar Loan means a Loan denominated in Dollars.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.