New Loan definition

New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

New Loan has the meaning set forth in Section 2.18(b).

New Loan means Loans, other than the Loans comprised in the Initial Covered Bond Portfolio, which the Seller may assign or transfer to the Guarantor after the First Transfer Date pursuant to the Mortgage Sale Agreement and “New Loans” means more than one New Loan;

Examples of New Loan in a sentence

• Each Existing Creditor hereby acknowledges and consents to the Liens and encumbrances contemplated under the New Loan Documents and the creation and existence of the New Loans, notwithstanding any restriction on Liens, security interests and other encumbrances (i.e. any negative pledge) with respect to the New Loan Collateral or the creation or existence of Indebtedness which may be contained in the Noteholder Documents or the Smoore Loan Documents or any Existing Intercreditor Agreement.

• Xxxxx represents that Xxxxx, as of the date of this 129 Contract, Does Does Not have funds that are immediately verifiable and available in an amount not less than the amount 130 stated as Cash at Closing in § 4.1. 131 4.5. New Loan.

• If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is conditional 176 upon Buyer determining, in Xxxxx’s sole subjective discretion, whether the New Loan is satisfactory to Buyer, including its 177 availability, payments, interest rate, terms, conditions and cost of such New Loan.

• Each Existing Creditor hereby releases its Liens in the New Loan Collateral and agrees not to assert any Liens against the Retail Locations or the Dispensary Permit.

• No proceeds of any Borrowings or drawings under any Letter of Credit will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock; provided that this sentence shall not be included in any representation or warranty in connection with the establishment of any New Loan Commitments or the incurrence of New Term Loans unless otherwise agreed by the Parent Borrower and the applicable lenders under any such facility.

More Definitions of New Loan

New Loan means the terms of the revised loan are at least as favorable to the credit union (i.e., terms are market-based, and profit driven) as the terms for comparable loans to other customers with similar collection risks who are not refinancing or restructuring a loan with the credit union, and the revisions to the original debt are more than minor.

New Loan means an Eligible Loan that Seller proposes to sell to Buyer pursuant to a Transaction.

New Loan shall have the meaning assigned to that term in Section 2.14.

New Loan. This contract is contingent on Buyer obtaining financing. Within thirty (30) days after the effective date of this contract Buyer shall apply for all financing and make every reasonable effort to obtain financing approval. If financing or assumption approval is not obtained within thirty (30) days after the effective date hereof, this contract will terminate, and the xxxxxxx money will be refunded to Buyer, and the property may be re-listed for sale or a Purchase Agreement with another party may be executed by Seller.

New Loan means a Financed Student Loan which (i) is made by an eligible lender under the Higher Education Act to a Borrower who is not a Borrower under any Initial Financed Student Loan, (ii) is made under a loan program which existed as of the Closing Date, and (iii) is guaranteed by a Guarantor.

New Loan has the meaning ascribed thereto in Section 3.01(c) hereof;

New Loan means a newly initiated loan instrument designed to finance new investments or working capital, to the exclusion of refinancing of existing loans;