Total Loans definition
Examples of Total Loans in a sentence
The Borrower shall not request and no Lender shall be required to make any Loan if, after making such Loan, the Total Loans would exceed the Total Commitments then in effect.
The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the Total Loans would exceed the Total Commitments.
Should the Borrower wish to sell the Property (or any part of it) other than where this is part of the plan for repaying the Total Loans (for example where buildings are to be sold off) it will where possible sell it to a charity, community benefit society or community interest company with objects which include protecting nature.
The Borrower shall not request and no Lender shall be required to make any Loan if, after making such Loan, the Total Loans shall exceed the Total Commitments then in effect.
The Borrower shall have the right, upon not less than three Business Days' notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Loans, the Total Loans would exceed the Total Commitments.