Uncommitted Loan definition

Uncommitted Loan shall have the meaning assigned thereto in Section 2.01(b) hereof.
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Uncommitted Loan has the meaning specified in Section 2.04.
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Uncommitted Loan means any loan made by a Lender to Company pursuant to Section 2.1(b).
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Examples of Uncommitted Loan in a sentence

  • Each Uncommitted Loan shall have a maturity date and shall bear interest at the rate per annum quoted to Company by Lender and accepted by Company prior to the making of such Uncommitted Loan (which acceptance shall in any event be deemed to occur upon receipt by a Borrower of the proceeds of any Uncommitted Loan).

  • Such amount shall be applied first to pay (or prepay) the principal of Loans other than the July 2007 Uncommitted Loan and second to pay (or prepay) the principal of the July 2007 Uncommitted Loan.

  • This Note has been issued pursuant to the terms of that certain Uncommitted Loan Agreement dated of even date herewith between Maker and Lender (the “Loan Agreement”).

  • Lender and Borrower have entered into that certain Uncommitted Loan Agreement dated as of October 2, 2017, as amended by that certain First Amendment to Uncommitted Loan Agreement dated as of November 30, 2017 (as amended, the "Loan Agreement").

  • Each Uncommitted Loan, and accrued and unpaid interest thereon, shall be due and payable, on the earlier of (a) the Maturity Date, or (b) a date set by Lender and accepted by Company prior to the making of such Uncommitted Loan.

  • Lender and Borrower have entered into that certain Uncommitted Loan Agreement dated as of October 2, 2017, as amended by that certain First Amendment to Uncommitted Loan Agreement, dated as of November 30, 2017, as further amended by that certain Second Amendment to Uncommitted Loan Agreement, dated as of December 13, 2018, as further amended by that that certain Third Amendment to Uncommitted Loan Agreement, dated as of December 11, 2019 (as amended, the "Loan Agreement").

  • Each Uncommitted Loan hereunder shall be at the sole discretion of Lender.

  • Each Request for Uncommitted Loan shall be reviewed by Lender on a case by case basis and the decision whether or not to make the requested Uncommitted Loan shall be made by Lender in its absolute and sole discretion and irrespective of the fact that Borrower may be in compliance with all the terms and conditions set forth herein or in any of the other Loan Documents.

  • In the event that Countrywide purchases an Uncommitted Loan, pricing shall be determined in accordance with the most recent Commitment entered into by Seller and Countrywide for the same or similar type of Loans.

  • The date and amount of each Uncommitted Loan, each prepayment of principal thereof by Borrower and each transfer between this Note and a Monthly Uncommitted Loan Note shall be endorsed by Lender on the Schedule of Loans attached hereto, or on a continuation of such schedule attached to and made part hereof, provided that the failure to make any such endorsement on such schedule shall not limit or extinguish the obligation of Borrower to repay all Uncommitted Loans hereunder.


More Definitions of Uncommitted Loan

Uncommitted Loan means loans made by Lender to ---------------- Borrower pursuant to Section 2 hereof.
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Related to Uncommitted Loan

  • Committed Loan has the meaning specified in Section 2.01.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Committed Loan Notice means a notice of (a) a Committed Borrowing, (b) a conversion of Committed Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • 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.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • 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).

  • Permitted Loans means:

  • 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.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • 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.

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

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • 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.

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

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