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Examples of BOA Financing for the a sentence

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Examples of BOA Financing for the a sentence

Relevant Definitions

Active on Pleasure of your own BOA Mortgage, the property owner Arrangement is instantly amended because offered herein, active at the time of the fresh new big date of these pleasure.

But since allowed or expected within the BOA Mortgage Arrangement or the brand new Associated Agreements, zero Grantor keeps registered toward or offered, and will not enter otherwise grant, one coverage arrangements in respect of any Collateral or permitted or let the filing or accessory of any cover interests into the or affecting one Collateral that could be earlier or which can from inside the in whatever way end up being superior to Agent’s shelter passion and you may rights into the and also to like Security.

The newest Purchaser will cooperate on Providers and you may Promethean and you may perform every such as for instance acts and play every instance data just like the BOA, the business and you may/otherwise Promethean could possibly get relatively identify (also, however simply for, stepping into any documents about the otherwise in regards to new amendment of Thread Files plus the subordination of your own Notice into the financing less than BOA Mortgage Preparations) to make certain that the fresh new BOA Say yes to be obtained.

On top of that, and without restricting this, until such as time since the BOA Loan could have been reduced inside the complete, zero Dominant Shareholders shall Transfer people Ties away from MBOCo, but given that may be permitted by the terms of, or decided to of the lender significantly less than, this new BOA Financing.

Energetic upon Pleasure of one’s BOA Mortgage, and on conformity by the Brunswick into terminology and you can specifications away from so it Amendment, the latest System Also have Arrangement might be automatically amended because given here, productive at the time of brand new day of these pleasure.

But because the if not sent to regarding the Products, the new BOA Financing Contract while the Associated Arrangements, zero Grantor shall promote, promote to market or else import or dispose of one Security.

One pledge, hypothecation or encumbrance out-of Bonds regarding MBOCo otherwise Holding by the a good Prominent Stockholder regarding the the fresh BOA Financing can be enabled and you can will maybe not compensate a transfer around this Agreement.

Debtor shall utilize the Financing loans Gardendale proceeds only (i) to settle this new BOA Loan regarding the Name Financing Portion of the mortgage and you can (ii) to fund costs out-of Renter Advancements about Rotating Loan Piece of your own Mortgage.

About BOA Mortgage

Va Loan form a mortgage loan that’s subject away from a Va Financing Warranty Arrangement as the confirmed by the a loan guaranty certification, otherwise an interest rate that is a vendor mortgage sold because of the the newest Virtual assistant.

Studio A loan form a loan produced or perhaps to be made less than Facility Good or even the prominent matter a fantastic with the big date getting of these loan.

Capital Loan form the new Investment Loan about totally new maximum prominent quantity of $ created by Financing Bank to Political Lender under the Resource Mortgage Arrangement, brand new continues at which are used because of the Political Bank so you’re able to improve Borrower Financing.

Sub-loan function financing made or proposed getting made by the fresh new Borrower out of the continues of your Loan to good Private enterprise to have an investment Opportunity;

SOFR Financing function financing one contains appeal at a level based on Name SOFR, except that pursuant so you’re able to clause (c) of one’s definition of Alternate Feet Rates.

Computer game Financing setting (i) a loyal Financing and that contains attract from the a good Video game Rate pursuant towards appropriate Observe off The amount of time Borrowing from the bank otherwise Observe of interest Speed Election otherwise (ii) an overdue number which had been good Computer game Financing immediately earlier turned into overdue.

FHA Loan An interest rate which is the subject out of an FHA Insurance coverage Deal given that confirmed from the a home loan Insurance rates Certification.

Drop Loan setting a mortgage, whether or not revolving or term, that’s originated after the commencement out-of an instance lower than Part eleven of one’s Case of bankruptcy Code because of the a collection Organization, that’s a borrower when you look at the arms since described in the Area 1107 of Case of bankruptcy Password otherwise a borrower since discussed in Area 101(13) of Bankruptcy proceeding Code in such instance (a beneficial Debtor) organized according to the statutes of You or people state therein and you will domiciled in the us, and this satisfies the following criteria: (a) the Drop Loan is properly signed up by a final order out of the fresh relevant case of bankruptcy courtroom or government district courtroom within the conditions regarding subsection (b), (c) otherwise (d) off eleven U.S.C. S.C. Section 510; (d) the newest Dip Loan are shielded and the Liens provided from the relevant bankruptcy proceeding judge otherwise federal district court in relation to the new Financing haven’t been subordinated or junior in order to, or pari passu that have, entirely or even in region, towards the Liens of every other bank underneath the arrangements out of 11 U.S.C. Area 364(d) if not; (e) the new Borrower isnt in the default on its obligations within the loan; (f) neither the fresh Borrower nor people class into the appeal enjoys recorded an excellent Chapter 11 bundle for the appropriate federal personal bankruptcy otherwise section judge one, up on confirmation, do (i) disallow or subordinate the borrowed funds, in whole or perhaps in part, (ii) using, entirely or in area, any Lien provided regarding the including mortgage, (iii) fail to permit the brand new payment, completely as well as in bucks, of loan abreast of the new energetic go out of such package otherwise (iv) if not influence, any way, this new allege evidenced because of the loan; (g) the fresh new Dip Loan are recorded for the an application which is technically reasonable; and (h) this new Dip Mortgage should not provide for more 50% (or a high fee towards the consent of Needed Lenders) of one’s continues of such financing to be used to settle prepetition debt due to most of the otherwise a few of the same bank(s) during the a good roll-up or comparable deal.

Mother Financing With respect to one Mortgage, MERS acting as this new mortgagee of these Mortgage loan, solely due to the fact nominee into the originator of such Mortgage and you will its successors and you will assigns, on origination thereof.

Borrower Mortgage means the mortgage mortgage made by the fresh new Governmental Lender to your Debtor pursuant towards the Borrower Financing Agreement regarding aggregate dominating level of the new Debtor Amount borrowed, as the confirmed from the Debtor Notes.

Revolving Financing Notice means a beneficial promissory note in the form of Showcase B-2, whilst concluded, supplemented if not altered sporadically.

Business B Loan function financing made or even be manufactured around Facility B or the principal count outstanding on the go out are of this financing.

Speed Financing means (x) one Property-Reviewed Brush Energy loan otherwise (y) various other indebtedness, rather than reference to the name supplied to eg indebtedness, that is (i) sustained getting advancements on the Possessions for the purpose of growing energy savings, broadening the means to access renewable energy supply, resource preservation, or a combination of this, and you can (ii) paid as a result of multiple-season tests against the Possessions.

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