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 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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Examples of Wachovia Loan in a sentence

  • 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.

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

  • Loans under the facility will bear interest at a rate equal to, at borrowers’ option, either the lender’s prime rate plus a margin ranging from 0.50% to 1.0% or the LIBOR rate (as defined in the Wachovia Loan Agreement) plus a margin ranging from 2.25% to 2.75% per annum.

  • Respondent Grier has refused to disclose the whereabouts of the approximately $155,000 remaining from the First Wachovia Loan, citing his Fifth Amendment right against self-incrimination.

  • Lessee further agrees to comply with any requirements made to enforce the foregoing which may be required of or by the City.

  • Attached hereto as Exhibit M is a list of all loan documents relating to the Wachovia Loan, including all amendments thereto (collectively, the “Loan Documents”).

  • Seller has good and marketable title or a valid leasehold interest to all Personal Property; and, subject to the Equipment Leases, all Personal Property shall be free and clear of all encumbrances at Closing; provided, however, if Purchaser assumes the Wachovia Loan, the Personal Property shall also be subject to the Loan Documents.

  • On the date hereof, no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office, except for financing statements arising out of the Wachovia Loan and certain filings related to equipment liens described in the Loan Agreement as Permitted Liens.

  • The Borrower and its Subsidiaries shall terminate each of the Wachovia Loan Documents and satisfy all outstanding obligations thereunder no later than the fifth Business Day following the Closing Date.

  • Neither WEDGE Fishing nor WEDGE Well has any other equity securities authorized or outstanding, other than Security Interests arising under the Wachovia Loan Documents, which Securities Interests will be released at the Closing.


More Definitions of Wachovia Loan

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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Wachovia Loan. As defined in Section 4.1(a).
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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, (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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Related to Wachovia Loan

  • KeyBank means KeyBank National Association.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • 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 a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Prime Loan means any Loan when and to the extent that the interest rate therefor is determined by reference 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 Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • 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 Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “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 has the meaning specified in Annex C.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is 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. and its successors.

  • 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 (subject to Liens for “ABL” revolvers and customary encumbrances) 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. and its successors.

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

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

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