Term Loan Asset definition

Term Loan Asset means a Loan Asset that is a term loan that has been fully funded and does not contain any unfunded commitment on the part of the Transferor arising from an extension of credit by the Transferor to an Obligor.
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Examples of Term Loan Asset in a sentence

  • As of December 31, 2018, the TMCL VI Term Loan Asset Base and TMCL VI’s total assets amounted to $274,515 and $369,893, respectively.

  • Subject to the occurrence of the Effective Date, and solely for purposes of the Creditors’ Plan, the Term Lender Claims are Allowed in the principal amount of $260 million, plus interest, fees, charges, expenses, and other amounts provided for under the Term Loan Agreement, less the amount of Term Loan Asset Proceeds.(3) Treatment.

Related to Term Loan Asset

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

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

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Eligible Loan Asset means, at any time, a Loan Asset in respect of which each of the representations and warranties contained in Section 4.02 and Schedule III hereto is true and correct.

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

  • 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.