Tribal Loan definition
Examples of Tribal Loan in a sentence
The “Settlement Class” is defined as the U.S. consumers identified by Equifax as having (i) an account pertaining to a Tribal Loan, which was furnished to Equifax by Midwest Recovery and/or CACI, reporting on their Equifax credit file at any time during the Class Period and (ii) had a hard inquiry on their Equifax credit file by a third party during the Class Period and at a time when such an account was reporting on their Equifax credit file.
The rate of interest on the Loan shall be the same as the rate of interest that applies to the Interim Tribal Loan under the Development Agreement.
The amount so advanced has consisted of advances on the Interim Tribal Loan, Reimbursable Expenses and certain expenses that are not reimbursable by the Tribe.
Interest is to be paid to RAM as part of the Tribal Loan, if the Note is converted.
Any amount so borrowed by Development Company shall bear interest at the same rate that applies to the Interim Tribal Loan under the Development Agreement.
Development Company expects to make significant additional advances on the Interim Tribal Loan and to incur additional Reimbursable Expenses before the Permanent Financing closes, and will finance such advances and expenses by additional borrowings from CD&M.
For the avoidance of misunderstanding, the parties agree that the first payments received by Development Company from the Tribe, whether they consist of Interim Tribal Loan repayments, payments of Reimbursable Expenses, payments of Development Fees, any other payment, or a combination of these, or from any other source, will be used first to repay the Loan, and second to repay any other debt obligations of Development Company, including its obligations to CD&M, before any distributions are made to members.