Examples of BOA Mortgage in a sentence

Relevant Definitions

• Virtual assistant Loan
• RFR Loan
• Business Financing
• Title Loan Improve
• Mortgage Improve
• Title Financing
• PPP Financing
• Financial support Loan
• Sub-loan

Productive through to Fulfillment of the BOA Financing, the particular owner Contract will be instantly amended since the provided herein, productive at the time of the big date of such satisfaction.

But just like the let or needed beneath the BOA Mortgage Contract or this new Associated Arrangements, zero Grantor features entered toward otherwise offered, and won’t get into otherwise grant, one cover arrangements in respect of every Security or enabled or let the submitting or attachment of any cover hobbies to the or impacting one Security that might be earlier in the day or that will in the in any manner feel superior to Agent’s safety welfare and you can rights in in order to instance Security.

New Customer shall work towards Organization and Promethean and you will create all of the such as for example acts and you may perform all of the eg documents given that BOA, the organization and you can/otherwise Promethean can get reasonably indicate (and, but not limited by, entering into any documents concerning the or over the amendment of the Thread Files together with subordination of Note to the loans around BOA Loan Arrangements) in order that the fresh new BOA Accept be purchased.

In addition, and as opposed to restricting this, until such as for example time as BOA Mortgage has been paid when you look at the full, zero Prominent Shareholders should Transfer any Securities away from MBOCo, but due to the fact tends to be let by the regards to, or agreed to of the bank significantly less than, the fresh BOA Financing.

Productive up on Pleasure of BOA Mortgage, and you may on compliance from the Brunswick for the conditions and you can arrangements out of so it Modification, the newest Motor Have Arrangement will likely be automatically revised due to the fact provided here, effective by this new go out of these satisfaction.

But because the if not provided for on Products, the fresh BOA Financing Agreement in addition to Related Plans, zero Grantor will sell, promote to offer otherwise transfer otherwise throw away people Equity.

Any hope, hypothecation or burden out-of Securities from MBOCo otherwise Holding from the an effective Dominating Stockholder concerning brand new BOA Financing shall be allowed and shall perhaps not compose a transfer less than this Arrangement.

Debtor will use the Financing continues entirely (i) to settle the fresh BOA Mortgage in the Label Loan Part of the loan and you can (ii) to fund can cost you out-of Occupant Developments regarding the Revolving Financing Bit of one’s Mortgage.

Linked to BOA Financing

Virtual assistant Financing mode an interest rate which is topic out-of an effective Va Loan Guarantee Arrangement given that evidenced because of the that loan guarantee certificate, otherwise a mortgage that’s a seller mortgage offered because of the the Va.

Facility Financing setting that loan produced or perhaps to be manufactured significantly less than Facility A good or even the prominent amount a great on the day becoming of this loan.

Investment Loan means the brand new Financing Loan on totally new restriction dominant level of $ from Resource Financial to help you Governmental Bank underneath the Investment Loan Arrangement, the continues where are used by the Political Financial in order to improve Borrower Loan.

Sub-financing mode financing generated or recommended getting produced by new Borrower out of the continues of the Loan to help you an effective Private enterprise to have a financial investment Venture;

SOFR Financing setting that loan one to contains focus at a level based on Title SOFR, except that pursuant so you’re able to condition (c) of definition of Alternative Base Rates.

Video game Financing means (i) a loyal Financing which bears appeal at a beneficial Video game Rates pursuant with the relevant Observe out-of The time Borrowing or See of interest Rates Election otherwise (ii) a delinquent number that has been an effective Computer game Loan quickly before it became overdue.

FHA Mortgage A mortgage which is the subject from a keen FHA Insurance Offer given that confirmed from the a mortgage Insurance policies Certificate.

Drop Mortgage means a mortgage, if or not rotating or term, that’s originated following the beginning from an instance significantly less than Section 11 of your own Bankruptcy Password by the a profile Business, that’s a debtor inside the fingers as the described into the Section 1107 of the Case of bankruptcy Password or a debtor because outlined inside the Part 101(13) of Personal bankruptcy Code in such circumstances (good Debtor) planned in regulations of one’s You otherwise one state therein and you can domiciled in the united states, and that joins the second conditions: (a) the fresh Dip Financing is actually duly subscribed of the a final purchase out of brand new appropriate case of bankruptcy judge otherwise government region courtroom underneath the terms away from subsection (b), (c) or (d) of eleven You.S.C. S.C. Area 510; (d) the fresh new Drop Mortgage is actually secured while the Liens offered from the applicable bankruptcy proceeding courtroom or government district legal when it comes to this new Mortgage have not been subordinated or junior so you can, otherwise pari passu with, in whole or in area, with the Liens of every most other financial within the arrangements off 11 U.S.C. Area 364(d) otherwise; (e) the Borrower isnt into the default to your the financial obligation underneath the loan; (f) neither the newest Borrower nor people group in focus features recorded a good Chapter 11 plan to the applicable federal personal bankruptcy or region legal you to definitely, upon confirmation, carry out (i) disallow otherwise under the mortgage, in whole or in region, (ii) using, entirely or even in part, any Lien provided concerning such mortgage, (iii) fail to allow for the newest installment, in full as well as in cash, of one’s mortgage on brand new active day of these bundle otherwise (iv) or even hurt, in whatever way, brand new claim confirmed by the loan; (g) this new Dip Loan was reported into the a type that’s technically reasonable; and (h) the fresh new Drop Loan will perhaps not permit more 50% (otherwise increased commission for the consent of Expected Loan providers) of proceeds of such loan to be used to repay prepetition obligations thanks to most of the otherwise a number of the exact same financial(s) in a roll-up otherwise equivalent purchase.

Mother Financing Regarding people Mortgage, MERS acting as brand new mortgagee of such Mortgage loan, solely because the nominee towards originator of such Mortgage and the successors and you may assigns, within origination thereof.

Debtor Loan mode the mortgage loan created by the fresh new Political Bank on Debtor pursuant towards Borrower Loan Contract regarding aggregate principal quantity of brand new Debtor Loan amount, while the confirmed because of the Debtor Notes.

Revolving Loan Mention function a Gaylesville loans good promissory mention in the form of Exhibit B-dos, because it concluded, formulated if not altered occasionally.

Facility B Financing function a loan produced or perhaps to be produced significantly less than Facility B or perhaps the dominant amount the into time getting of these loan.

Pace Mortgage function (x) people Property-Assessed Clean Time financing or (y) some other indebtedness, versus reference to title provided to instance indebtedness, that is (i) obtain to possess developments to the Assets for the purpose of broadening energy efficiency, broadening entry to renewable energy supply, funding conservation, or a variety of this, and (ii) paid courtesy multi-seasons assessments contrary to the Assets.