Three Year Loan definition

Three Year Loan has the meaning specified in Section 2.01(a).

Three Year Loan means an advance made by any Three-Year Lender under the Three-Year Facility.

Three Year Loan. Any Mortgage Loan that remains subject to this Agreement for more than three years.

Examples of Three Year Loan in a sentence

• Each such notice will specify the date and amount of such prepayment, whether the Loan to be prepaid is a Three Year Loan or a Five Year Loan, and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans.

• The principal amount of each 364 Day Loan and each Three Year Loan shall be due and payable to the Administrative Agent for the benefit of each Lender in full on the 364 Day Termination Date, in the case of 364 Day Loans, and on the Three Year Termination Date, in the case of Three Year Loans, or earlier as specifically provided herein.

• All outstanding Principal Indebtedness on Three Year Loans, together with all accrued and unpaid interest thereon, shall be due and payable on the Three Year Loan Maturity Date.

• Notwithstanding the immediately preceding sentence, the aggregate outstanding balance of the Three Year Loan shall be due and payable immediately upon acceleration of the Three Year Loan in accordance with Paragraph 8.2 hereof.

• None of the foregoing shall affect, impair or prevent the vesting of any of the rights or powers granted to the Letter of Credit Issuer or any Three Year Loan Lender hereunder.

• The Borrower, each other Obligor and, to the extent set forth in Section 2.6.1, each Three Year Loan Lender shall assume all risks of the acts, omissions or misuse of the Letter of Credit by the beneficiary thereof.

• The aggregate outstanding principal balance under the Three Year Loan on the Three Year Commitment Termination Date, together with all outstanding interest, fees and costs due hereunder, shall be due and payable in full on November __, 2000.

• Banks shall be lenders in the Short Term Loan and the Three Year Loan in the Maximum Principal Amounts and Pro Rata Shares set forth in Schedule 1 attached hereto.

• The original principal amount of each Bank's Three Year Note will be in the amount identified in Schedule 1 attached hereto as its Maximum Principal Amount with respect to the Three Year Note; provided, however, that notwithstanding the face amount of each such Three Year Note, Borrower's liability thereunder shall be limited at all times to the actual indebtedness, principal, interest, fees and expenses then outstanding to such Bank under the Three Year Loan.

• The Indebtedness of the Borrower to each Bank under the Three Year Loan will be evidenced by a Three Year Note executed by Borrower in favor of such Bank.

More Definitions of Three Year Loan

Three Year Loan. Any Mortgage Loan that remains subject to this Agreement for more than three years. “Two-Year Loan”: Any Mortgage Loan that remains subject to this Agreement for more than two years. “Uncovered Losses”: Mortgagor default losses on a Mortgage Loan that are attributable to any and all losses associated with the liquidation of the Mortgage Loan, including, but not limited to, standard FHA claim disallowances and any reduction or curtailment of any payment of principal, interest or fees, costs or expenses otherwise payable by the under the applicable FHA Insurance (including without limitation, FHA Claim Proceeds). ARTICLE III

Three Year Loan means a Loan or Advance made to the Borrower pursuant to the Three Year Facility.

Three Year Loan means a Loan, the original term to maturity for which is equal to 36 months.

Three Year Loan means individually and collectively the Country Club Loans in the amounts set forth in Schedule II made by Lender to ClubCorp Texas with respect to the Lakeway Property and San Francisco Tennis Club.

Three Year Loan means the outstanding principal balance of indebtedness advanced, and the face amount of Letters of Credit issued, under the Three Year Commitment, and without duplication the amount of all unreimbursed draws under Letters of Credit, together with interest accrued on and fees and expenses incurred in connection with any of the foregoing.