Wachovia Loan definition

Wachovia Loan means the loan from Wachovia Bank evidenced and secured by the Loan Documents.
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Wachovia Loan means that certain Loan and Security Agreement, dated December 28, 2005, by and among the Company, Seller and certain related entities and certain of their respective subsidiaries, Wachovia, as Administrative Agent, Xxxxxxxxx L.L.C., as Revolving Loan B Agent and the financial institutions party thereto from time to time, as lenders, as the same may be amended, modified, supplemented, renewed, refinanced or replaced from time to time.
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Wachovia Loan means the acquisition and revolving development loan made by Wachovia Bank, National Association, to the Company, on or about March 26, 2004, in the maximum principal amount of Twenty-One Million Dollars ($21,000,000) outstanding at any one time, and all renewals, extensions, modifications, and consolidations of this loan.
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Examples of Wachovia Loan in a sentence

  • The borrowing availability varies according to the levels of the borrowers’ eligible accounts receivable, eligible equipment and other terms and conditions described in the Wachovia Loan Agreement.

  • The Wachovia Loan Agreement contains customary covenants and other terms, including covenants based on Jazz’s EBITDA (as defined in the Wachovia Loan Agreement), as well as customary events of default.

  • Ms. Baker entered into a new relationship, married and decided to purchase another home with her spouse but was unable to because of the outstanding Wachovia [L]oan.

  • On January 17, 2007, the parties of this lawsuit entered into a signed agreement with the understanding that the Leyte Place property would be refinanced and the Wachovia [L]oan would be paid off.

  • Access to Services The CBHC must offer open access to assessment and treatment services for any individual seeking treatment for mental health, substance use disorders, or co-occurring disorders, as clinically appropriate and necessary.

  • E*Trade Financial agreed to lend them $288,000.00; an additional $24,000.00 was required to pay off the $312,000.00 Wachovia [L]oan.

  • Loans under the facility will bear interest at a rate equal to, at the borrowers’ option, either the lender’s prime rate plus a margin ranging from 0.25% to 0.75% or the LIBOR rate (as defined in the Wachovia Loan Agreement) plus a margin ranging from 2.0% to 2.5% per annum.

  • These titles are curated in a Lucky Day list and are available via Libby and the OverDrive app.

  • AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2008(dollars in thousands, except share data and per share data) NOTE 3 – MERGER WITH JAZZ TECHNOLOGIES (cont.) (ii) Jazz’s Second Amended and Restated Loan and Security Agreement (cont.) The Wachovia Loan Agreement contains customary covenants and other terms, including covenants based on EBITDA (as defined in the Wachovia Loan Agreement), as well as customary events of default.

  • Similarly, they did not have approval to use those funds as collateral for the First Wachovia Loan or to use the 610 N.


More Definitions of Wachovia Loan

Wachovia Loan means the Debt incurred by Lifeway to Wachovia in an amount not to exceed $750,000 (or such greater amount as the Bank shall approve it is sole discretion) and secured by Lien in marketable securities owned by Lifeway and held at or controlled by Wachovia.
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Wachovia Loan means collectively the extensions of credit to the Borrower pursuant to the Amended and Restated Revolving Credit and Term Loan Agreement dated October 29, 1999, as amended and restated, by and among Wachovia Bank, National Association, Bank of America, N.A., and Bxxxx Brothers Hxxxxxxx & Co. and the Borrower.
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Wachovia Loan means, collectively, (i) that certain non-recourse mortgage loan dated April 11, 2007, in the original principal amount of $315 million, made by Wachovia Bank, National Association to certain Subsidiaries of Borrower and currently secured by a Lien against ten (10) Properties, (ii) that certain non-recourse senior mezzanine loan dated April 11, 2007, in the original principal amount of $80,122,000, made by Wachovia Bank, National Association to certain Subsidiaries of Borrower and currently secured by a Lien against the equity in the mortgage borrowers, (iii) that certain non-recourse intermediate mezzanine loan dated April 11, 2007, in the original principal amount of $80 million, made by Wachovia Bank, National Association to certain Subsidiaries of Borrower and currently secured by a Lien against the equity in the senior mezzanine borrowers, and (iv) that certain non-recourse junior mezzanine loan dated April 11, 2007, in the original principal amount of $80 million, made by Wachovia Bank, National Association to certain Subsidiaries of Borrower and currently secured by a Lien against the equity in the intermediate mezzanine borrowers, each of which matures May 9, 2012.
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Wachovia Loan. As defined in Section 4.1(a).
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Related to Wachovia Loan

  • KeyBank means KeyBank National Association.

  • Wachovia means Wachovia Bank, National Association.

  • 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.

  • PNC Bank means PNC Bank, National Association.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Prime Loan means any Loan tied to the Prime Rate.

  • Bank of America Fee Letter means the letter agreement, dated January 4, 2011, among the Borrower, Bank of America and MLPFS.

  • Commercial loan means a loan that is not made primarily for

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • L/C Bank means the Acceptable Bank providing a letter of credit pursuant to Section 5.3 of the Facility Lease.

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Bank Loan means a debt obligation, other than a Security or a participation in such debt obligation, customarily referred to by investors as a “bank loan”.

  • London Inter-Bank Offered Rate means, for any applicable interest period, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as selected by the Bank from time to time) at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period, for U.S. Dollar deposits (for delivery on the first day of such interest period) with a term equivalent to such interest period. If such rate is not available at such time for any reason, then the rate for that interest period will be determined by such alternate method as reasonably selected by the Bank. A “London Banking Day” is a day on which banks in London are open for business and dealing in offshore dollars.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • JPMCB means JPMorgan Chase Bank, N.A.

  • Bank of America means Bank of America, N.A. and its successors.

  • U.S. Bank means U.S. Bank National Association, a national banking association.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • JPMorgan Chase means JPMorgan Chase Bank, N.A.

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate.

  • JPMorgan Chase Bank JPMorgan Chase Bank, N.A.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.