Samples of BOA Financing into the a phrase

Related Definitions

• Va Loan
• RFR Financing
• Facility That loan
• Term Loan Advance
• Financing Improve
• Title Loan
• PPP Financing
• Capital Mortgage
• Sub-mortgage

Productive up on Pleasure of BOA Loan, the master Contract should be automatically revised since offered here, productive since the latest date of these satisfaction.

Except while the let otherwise called for under the BOA Mortgage Arrangement otherwise the fresh new Associated Preparations, zero Grantor have joined to your otherwise supplied, and will not enter into or grant, people safeguards agreements according of any Equity or permitted or allow the processing or attachment of any cover passions on the otherwise affecting people Equity that could be early in the day or that will inside the in whatever way end up being a lot better than Agent’s coverage passion and you will rights from inside the also to such as Equity.

Brand new Customer will cooperate towards Company and you will Promethean and carry out all of the for example serves and you will do the such data since the BOA, the company and you can/otherwise Promethean can get relatively indicate (also, not restricted to, entering into any records concerning the otherwise when it comes to the latest amendment of one’s Bond Data files and subordination of the Note towards loans less than BOA Loan Agreements) so that the fresh BOA Accept be purchased.

At exactly the same time, and you will instead of limiting the foregoing, until for example date because BOA Mortgage has been paid off inside complete, zero Dominating Shareholders should Import one Bonds off MBOCo, but just like the is allowed because of the terms of, or approved of the bank significantly less than, the newest BOA Loan.

Effective on Pleasure of one’s BOA Mortgage, and you can upon compliance by the Brunswick into terms and you can terms from this Amendment, the fresh Engine Also provide Agreement shall be instantly amended since the given here, active as of the fresh new go out of these fulfillment.

Except as if you don’t taken to regarding Devices, brand new BOA Financing Agreement as well as the Relevant Arrangements, no Grantor should sell, promote to sell if not transfer or discard one Guarantee.

One hope, hypothecation otherwise encumbrance regarding Bonds regarding MBOCo otherwise Carrying by the a beneficial Principal Stockholder concerning the the BOA Financing should be allowed and you will should not form a transfer around it Arrangement.

Borrower should utilize the Loan continues exclusively (i) to settle the new BOA Mortgage on Name Mortgage Portion of the mortgage and you may (ii) to cover can cost you out of Renter Improvements regarding the Rotating Mortgage Portion of the Loan.

Related to BOA Mortgage

Va Mortgage means a mortgage which is topic out-of a good Virtual assistant Mortgage Guarantee Agreement as the evidenced of the a loan guaranty certification, otherwise a mortgage loan that’s a supplier mortgage sold because of the the fresh Virtual assistant.

Business A loan function financing produced or even to be produced below Studio An effective or even the prominent count a great towards day being of the mortgage.

Financial support Loan form the newest Resource Financing in the totally new limitation principal amount of $ from Investment Lender so you can Political Financial in Financial support Financing Arrangement, the latest continues from which are used from the Political Financial to help you make Borrower Mortgage.

Sub-mortgage means financing made otherwise suggested getting created by the fresh Debtor from the continues of Financing so you’re able to a great Private enterprise having a financial investment Enterprise;

SOFR Loan form that loan you to definitely bears notice at a consistent level according to Title SOFR, apart from pursuant to term (c) of the concept of Alternate Base Speed.

Cd Mortgage form (i) a committed Loan and this holds attention in the a beneficial Video game Price pursuant on relevant Observe out-of Committed Borrowing otherwise Notice of interest Rate Election otherwise (ii) an overdue count that has been an effective Cd Financing instantly before it turned overdue.

FHA Loan An interest rate which is the topic away from an FHA Insurance Bargain as the confirmed of the a mortgage Insurance rates Certificate.

Dip Mortgage form a mortgage, if rotating or title, which is started after the commencement off a situation around Section eleven of your own Bankruptcy proceeding Password from the a profile Organization, which is a borrower inside the arms given that explained within the Section 1107 of your Personal bankruptcy Password otherwise a borrower because the defined for the Section 101(13) of Personal bankruptcy Password such situation (a good Debtor) arranged underneath the regulations of the All of us or one condition therein and you may domiciled in america, hence joins another requirements: (a) brand new Drop Financing are properly signed up of the a last purchase off the fresh appropriate bankruptcy legal or federal section legal under the terms out of subsection (b), (c) or (d) away from eleven U.S.C. S.C. Point 510; (d) new Drop Financing is secure plus the Liens supplied because of the applicable bankruptcy judge otherwise federal area court when it comes to the brand new Financing have not been subordinated otherwise junior so you can, or pari passu which have, in whole or even in area, with the Liens of any most other lender beneath the terms from 11 You.S.C. Area 364(d) or else; (e) the new Borrower isnt within the standard toward its financial obligation underneath the loan; (f) none new Borrower nor one party inside focus possess submitted a great Section eleven package toward relevant government case of bankruptcy otherwise area courtroom you to definitely, through to confirmation, carry out (i) disallow or subordinate the loan, entirely or in part, (ii) subordinate, entirely or perhaps in region, people Lien offered about the like financing, (iii) neglect to enable the new payment, in full along with dollars, of loan through to brand new energetic day of such plan or (iv) if you don’t impact, any way, the new claim evidenced by mortgage; (g) the Drop Financing was documented from inside the a form which is technically reasonable; and (h) the fresh new Drop Loan will maybe not allow for more than 50% (otherwise a high commission on the agree of your own Necessary Loan providers) of proceeds of such mortgage for use to settle prepetition obligations as a consequence of all of the or a number of the exact same financial(s) inside a roll-up or comparable purchase.

Mommy Financing In terms of any Mortgage, MERS becoming the latest mortgagee of such Real estate loan, only since nominee with the inventor of such Real estate loan and you may its successors and you can assigns, at origination thereof.

Debtor Financing setting the mortgage financing produced by the fresh Political Financial toward Borrower pursuant with the Debtor Financing Arrangement about aggregate prominent level of the fresh new Borrower Loan amount, just like the confirmed from the Borrower Notes.

Rotating Mortgage Mention function an excellent promissory notice when it first site comes to Display B-2, whilst ended, supplemented otherwise altered occasionally.

Business B Financing setting that loan made or even to be produced lower than Studio B and/or dominant matter a good with the time are of that mortgage.

Speed Mortgage means (x) people Property-Reviewed Brush Time loan or (y) all other indebtedness, versus mention of the title provided to like indebtedness, that’s (i) obtain for developments toward Assets with regards to expanding energy efficiency, increasing entry to renewable energy supplies, capital maintenance, otherwise a mixture of the foregoing, and you will (ii) paid back as a consequence of multiple-season assessments against the Property.