Samples of BOA Mortgage within the a phrase

Related Definitions

• Virtual assistant Loan
• RFR Mortgage
• Facility Financing
• Label Financing Get better
• Loan Get better
• Identity Mortgage
• PPP Loan
• Investment Mortgage
• Sub-loan

Energetic upon Pleasure of your own BOA Loan, the dog owner Agreement shall be immediately revised since the considering here, energetic by the fresh date of these satisfaction.

Except since the permitted or needed beneath the BOA Financing Contract otherwise the latest Associated Preparations, zero Grantor provides inserted to the or offered, and won’t enter into otherwise offer, one security preparations in respect of any Collateral otherwise enabled or permit the processing otherwise attachment of every cover passions into or impacting any Security that will be previous or which can into the any way end up being much better than Agent’s security welfare and liberties during the and to such Equity.

The Purchaser will work on Company and you can Promethean and would all the instance serves and you may do the for example data due to the fact BOA, the business and you can/or Promethean could possibly get relatively establish (together with, yet not limited to, stepping into people records in connection with otherwise pertaining to this new modification of Bond Documents and subordination of your own Note on the loans not as much as BOA Financing Arrangements) making sure that new BOA Accept be obtained.

In addition, and without limiting the foregoing, up to such time because BOA Loan could have been repaid within the complete, no Principal Shareholders shall Transfer any Ties regarding MBOCo, except since tends to be allowed by regards to, or decided to by the lender not as much as, the brand new BOA Mortgage.

Effective upon Pleasure of your BOA Mortgage, and you may up on compliance by the Brunswick toward terms and conditions and you can arrangements from this Modification, the fresh Engine Have Agreement is immediately amended as the provided here, energetic by brand new day of these satisfaction.

Except since otherwise taken to regarding Products, the brand new BOA Financing Agreement while the Relevant Agreements, no Grantor shall offer, offer to sell if not transfer or dispose of people Guarantee.

One vow, hypothecation otherwise burden regarding Bonds off MBOCo or Holding by the a great Dominant Shareholder in connection with the new BOA Loan shall be allowed and you can should not compose a move significantly less than it Contract.

Borrower shall make use of the Mortgage proceeds exclusively (i) to repay the BOA Mortgage in the Title Loan Part of the borrowed funds and you may (ii) to cover will cost you regarding Tenant Improvements regarding the Rotating Loan Part of one’s Loan.

Pertaining to BOA Financing

Va Mortgage mode a mortgage that is subject from an excellent Va Mortgage Guarantee Agreement once http://paydayloanalabama.com/hazel-green/ the confirmed by the that loan warranty certificate, otherwise a mortgage loan that’s a provider mortgage ended up selling of the the fresh new Virtual assistant.

Studio That loan mode a loan made or to be made under Studio A beneficial or even the prominent number an excellent to your go out getting of that financing.

Financial support Financing form the newest Funding Financing regarding unique restriction prominent quantity of $ produced by Resource Bank to help you Governmental Lender in Funding Loan Agreement, new proceeds at which can be used of the Governmental Bank to improve Borrower Financing.

Sub-mortgage mode financing produced otherwise advised to-be produced by the Debtor from the continues of one’s Mortgage to help you a Private-enterprise for a financial investment Project;

SOFR Mortgage means financing you to holds appeal for a price based on Term SOFR, besides pursuant so you can condition (c) of the concept of Solution Foot Price.

Computer game Loan form (i) a loyal Financing and this holds desire during the an effective Computer game Rates pursuant to the applicable Find out of Enough time Borrowing otherwise Find of great interest Price Election or (ii) an overdue amount which had been an excellent Cd Financing instantly before it turned into delinquent.

FHA Loan A mortgage which is the topic from an FHA Insurance coverage Price given that evidenced of the a mortgage Insurance policies Certificate.

Dip Loan form a bank loan, if revolving otherwise name, that’s originated after the beginning out-of a case significantly less than Section eleven of one’s Personal bankruptcy Code by the a portfolio Providers, which is a borrower for the fingers once the discussed for the Section 1107 of one’s Bankruptcy Code or a debtor once the outlined from inside the Point 101(13) of Bankruptcy proceeding Code this kind of situation (a great Debtor) planned beneath the statutes of your You or any state therein and you can domiciled in the us, and that joins the second criteria: (a) new Drop Mortgage are duly licensed of the a last order from this new applicable personal bankruptcy judge otherwise federal region court underneath the provisions off subsection (b), (c) otherwise (d) out of eleven You.S.C. S.C. Point 510; (d) the Dip Mortgage is actually safeguarded as well as the Liens provided of the applicable bankruptcy court otherwise government section courtroom in relation to this new Financing haven’t been subordinated otherwise junior so you can, otherwise pari passu which have, entirely or in area, into the Liens of every other financial in provisions out of eleven U.S.C. Point 364(d) or otherwise; (e) the fresh new Debtor isnt into the standard with the their obligations in loan; (f) neither the fresh new Debtor nor one party from inside the notice possess recorded an effective Section 11 bundle on relevant federal bankruptcy or district legal one to, through to verification, carry out (i) disallow or using the loan, entirely or perhaps in region, (ii) subordinate, entirely or perhaps in part, people Lien offered concerning the particularly mortgage, (iii) are not able to allow for the latest payment, in full plus dollars, of your mortgage up on the new energetic go out of these plan otherwise (iv) if you don’t influence, any way, the brand new allege confirmed of the loan; (g) new Dip Mortgage try documented when you look at the a questionnaire that’s theoretically reasonable; and (h) new Drop Financing will not permit more than 50% (otherwise increased fee on agree of your Necessary Loan providers) of your continues of such mortgage for use to settle prepetition debt as a consequence of the otherwise a few of the same bank(s) for the good roll-up otherwise equivalent purchase.

Mom Loan With respect to any Mortgage loan, MERS becoming the fresh new mortgagee of these Mortgage loan, solely given that nominee toward creator of such Home loan and you will the successors and assigns, on origination thereof.

Borrower Financing mode the borrowed funds mortgage made by the fresh new Political Lender with the Borrower pursuant on the Borrower Loan Arrangement throughout the aggregate prominent number of this new Debtor Loan amount, once the evidenced from the Debtor Notes.

Rotating Financing Mention function good promissory mention in the form of Showcase B-2, whilst ended, formulated otherwise changed periodically.

Facility B Financing mode that loan generated or even be produced below Business B or even the principal number a fantastic toward day becoming of the mortgage.

Speed Mortgage setting (x) any Property-Examined Clean Opportunity mortgage or (y) almost every other indebtedness, versus mention of the the name provided to such indebtedness, which is (i) obtain to have developments towards Assets with regards to broadening energy efficiency, expanding access to renewable power source, investment preservation, or a mix of the foregoing, and (ii) paid thanks to multiple-year tests from the Property.