Underlying Term Loan definition

Underlying Term Loan. With respect to (i) a Loan (other than Participation or Mezzanine Loan), such Loan or (ii) a Participation, the underlying commercial mortgage loan.
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Examples of Underlying Term Loan in a sentence

  • In any event, the Issuer shall obtain from any seller of a Loan, all Underlying Instruments with respect to each Collateral Debt Security and all Underlying Instruments related to any related Senior Tranche that govern, directly or indirectly, the rights and obligations of the owner of the Collateral Debt Security with respect to the Underlying Term Loan, the Underlying Mortgaged Property and the Collateral Debt Security and any certificate evidencing the Collateral Debt Security.

  • In any event, the Issuer shall obtain from any seller of a Loan, all Underlying Instruments with respect to each Collateral Debt Security and all Underlying Instruments related to any related Senior Tranche that govern, directly or indirectly, the rights and obligations of the owner of the Collateral Debt Security with respect to the Underlying Term Loan, the Underlying Mortgage Property and the Collateral Debt Security and any certificate evidencing the Collateral Debt Security.

  • To obtain preliminary approval for use of a portion of the Loan Proceeds to make an Underlying Term Loan to fund a particular Construction Loan Payout, or to fund a particular Construction Loan Purchase, Borrower must deliver to Agent a request in the form attached hereto as Exhibit 11.2.1 ("Commitment Request") which has been signed by an Authorized Officer.

  • Promptly after Borrower's receipt thereof, copies of any notices or other communications received from: (a) any governmental authority with respect to any matter or proceeding the effect of which could reasonably be expected to have a Material Adverse Effect on Borrower; and (b) an Underlying Term Loan Borrower.

  • Each Underlying Term Loan shall be secured by a first lien on all the assets of the Underlying Term Loan Borrower, except where the Underlying Term Loan Documents for such Underlying Term Loan approved by Secured Party specifically state otherwise.

  • In any event, the Issuer shall obtain from any seller of a Loan, all Underlying Instruments with respect to each Collateral Interest and all Underlying Instruments related to any related Senior Tranche that govern, directly or indirectly, the rights and obligations of the owner of the Collateral Interest with respect to the Underlying Term Loan, the Underlying Mortgage Property and the Collateral Interest and any certificate evidencing the Collateral Interest.

  • Debtor shall take all such actions as are necessary to maintain the Underlying Term Loan Documents in full force and effect.

  • Debtor agrees that by taking such action Secured Party will be deemed to have acted in a commercially reasonable manner and that such action by Secured Party will not be deemed to constitute retention of the Underlying Term Loan Notes in satisfaction of the Secured Obligations under Section 4-9-505 of the UCC and any comparable provision of the Uniform Commercial Code as enacted in the state where Debtor is located or otherwise.

  • Without the consent of Secured Party, Debtor shall not amend, supplement, grant consents, or otherwise modify or waive compliance with any provision of any Underlying Term Loan Document.

  • In any event, the Issuer shall obtain from any seller of a Loan, all Underlying Instruments with respect to each Collateral Debt Security, and all Underlying Instruments related to any related Senior Tranche that govern, directly or indirectly, the rights and obligations of the owner of the Collateral Debt Security with respect to the Underlying Term Loan, the Underlying Mortgage Property and the Collateral Debt Security and any certificate evidencing the Collateral Debt Security.

Related to Underlying Term Loan

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(i).

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Existing Term Loan Agreement means that certain Term Loan Agreement, dated as of April 9, 2020, by and among the Borrower, the lenders from time to time party thereto and Crédit Agricole Corporate and Investment Bank, as administrative agent for the lenders, as amended, modified, supplemented or replaced from time to time.

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Tranche B Term Loan as defined in Section 2.1.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Tranche A Term Loan as defined in Section 2.1.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Remaining Term Interest means, with respect to any Note, the aggregate amount of scheduled payment(s) of interest on such Note for the remaining term to the Maturity Date determined on the basis of the rate of interest applicable to such Note from and including the Redemption Date.

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Revolving Termination Date means the earlier to occur of:

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).